tag:blogger.com,1999:blog-8242926316765633205.post3171099767007349465..comments2024-03-17T04:14:44.845-05:00Comments on Frugal Scholar: What do MBAs in high finance do all day?Frugal Scholarhttp://www.blogger.com/profile/12696815672500452503noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8242926316765633205.post-64607657521262924622009-01-18T15:57:00.000-06:002009-01-18T15:57:00.000-06:00@Fabric: Loved the fire-drill essay--thanks! I did...@Fabric: Loved the fire-drill essay--thanks! I did something similar every year till I got a job, and then till I got tenure. It really helps minimize the panic.<BR/><BR/>Thanks for noticing the lack of answer to #4. I think the people who are profiled DID save (or have high-earning spouses). So I suppose they have no idea what large numbers of people are going through. Hence the sense of entitlement that comes through in all these stories...Frugal Scholarhttps://www.blogger.com/profile/12696815672500452503noreply@blogger.comtag:blogger.com,1999:blog-8242926316765633205.post-29012437550911662372009-01-17T19:17:00.000-06:002009-01-17T19:17:00.000-06:00Your question #4 was most compelling and that one ...Your question #4 was most compelling and that one didn't get answered :(<BR/><BR/>There were some more good articles in the Wall Street Journal Today. One stands about about running a "fire drill" - if you were to lose your job what would your immediate actions be to cope? I often think about the expenses we have living today, which we did not have 10-15 years ago; internet, cell phones, satellite/cable television, property tax (we weren't home owners) etc., and so much of this - except the property tax - is straddling the fence of luxury vs. necessity. What would a person cut? When you hit the grocery story, how much in that basket is luxury? I ran in for some eggs and juice today and I looked over the aisle to a lady checking out and she was loaded down with fruit roll-ups, sliced packaged fancy cheese, cereal bar snacks, etc. <BR/><BR/>We often ask ourselves what these people do all day....and certainly what do the politicians do all day? Don't even get me started on the costly inauguration debacle.C.L. Davishttps://www.blogger.com/profile/13079190606867490158noreply@blogger.com