Month: May 2014

#8: Portfolio Diversity

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #8: Invest no more than 10% of your portfolio in your company stock …

Categories: Investing, Money

Nickel and Dimed: Scrubbing in Maine

This week, The Simple Dollar is conducting a detailed review of Barbara Ehrenreich’s Nickel and Dimed. This title is a bit of an unusual choice for a review of personal finance books, as it details an educated and affluent woman’s attempt to get by while working at low-income jobs. Can we learn anything from this …

Categories: Books and Reading

How To Save Money: 5 Ways To Put Money In Your Pocket

Many people think about saving money, but decide that it’s too much work or it interferes too much with their lives. I’m usually this way, too; I’d rather not think about it when I’m hanging out with friends or spending time with family. I’m also not a big investor, so I don’t exactly plan on …

The Ten Second Rule

A few times in the past, The Simple Dollar has mentioned some reference to a “ten second rule” or a “count to ten rule” without explaining this incredibly powerful tool in detail. In short, the “ten second rule” says that any time you are about to spend any money at all, count to ten slowly …

Investment Management: The Automatic Thousandaire

Recently, I mentioned that I strongly value an emergency fund and that I had reached my short-term goal of a two month emergency fund, currently held in a high-interest savings account. Since I reached this goal, I’ve continued to automatically drop the same large amount each week into that account. “That’s great,” you might think, …

Categories: Investing, Retirement

Facing My Financial Fears: Roth IRAs

This week, The Simple Dollar is doing a five part series on financial topics that scare me just a bit. Researching and then writing about them will (hopefully) alleviate some of that fearĀ  Other fears include buying a car. Even when I was at the worst of my overspending habits, I always contributed enough to …

Categories: Retirement

#7: Stock Portfolio

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Much Should I Invest in Stocks? Rule #7: To figure out what percentage …

Categories: Investing, Money

Nickel and Dimed: Serving in Florida

This week, The Simple Dollar is conducting a detailed review of Barbara Ehrenreich’s Nickel and Dimed. This title is a bit of an unusual choice for a review of personal finance books, as it details an educated and affluent woman’s attempt to get by while working at low-income jobs. Can we learn anything from this …

Categories: Books and Reading

Making A Simple Budget – A First Timer’s Guide

There are a lot of people in Generation Y that have never actually attempted to make a budget and have never experienced the usefulness of seeing all of your income and expenditures on a single page. Here’s a step-by-step guide to preparing a budget using only free tools. First thing, learn how to use a …

Categories: Getting Started, Money

Facing My Financial Fears: Buying A Car

This week, The Simple Dollar is doing a five part series on financial topics that scare me just a bit. Researching and then writing about them will (hopefully) alleviate some of that fear. Purchasing a car is a significant financial move for many of us. It’s almost traditional to visit several dealerships, select one, and …

Categories: Automobile, Shopping

#6: Long-Term Investments

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Should I Invest My Long Term Retirement Assets? Rule #6: All else being …

Categories: Investing, Money

Nickel and Dimed: Overview

This week, The Simple Dollar is conducting a detailed review of Barbara Ehrenreich’s Nickel and Dimed. This title is a bit of an unusual choice for a review of personal finance books, as it details an educated and affluent woman’s attempt to get by while working at low-income jobs. Can we learn anything from this …

Categories: Books and Reading

The Simple Dollar Morning Roundup: New Laptop Edition

My old computer finally gave out on me, so it’s time to buy a new one. My wife has decreed that it shall be a “desktop replacement grade” laptop. This should be fun. On to the latest personal finance news… Milton Friedman’s Last Act: End Marijuana Prohibition Ignoring any social discussion (not really my forte), …

Categories: Books and Reading

Saving on Home Decor: Self-Matted Photography

I have always sought to have tasteful home decorations with minimal cost; I want my home to appear comfortable yet not cheap to guests. It took me a long while, but I came to understand that the most effective home decorations came from my own heart. Given that my level of artistic talent is not …

Know Someone In Financial Armageddon? Seven Pieces of Advice

When I found myself deep in financial meltdown, I threw myself into learning as much as I possibly could about personal finance. I was quite scared of losing everything that I had because I had dug myself in such a deep hole, yet it was my personal nature that I didn’t talk to anyone about …

Categories: Getting Started

What’s Wrong – And What’s Right – With Wesabe

On Friday, Wesabe was launched to the public. For those unaware, Wesabe is a community-based (meaning similar to flickr or 43things) personal finance site that allows people to track financial information and share money ideas. From their extensive: Wesabe is a community of people who share our experiences with our money so we can help …

Categories: Technology

Using a Credit Card Bonus Program As a Purchase Tool

Recently, I’ve begun using a credit card with a useful bonus program as my tool for making small, regular purchases. I did this after finally climbing out of a significant hole of credit card debt, reaching a zero balance on every one of my cards. When I began using the card for this purpose, I …

Categories: Credit Cards, Money

Review: The 9 Steps To Financial Freedom

The overall point of The 9 Steps to Financial Freedom is laid out clearly on the very first page of the book. The premise of the entire book is that conquering fears is the key to financial freedom. In other words, most of the limiting factors to financial success exist in the walls we’ve built …

Categories: Books and Reading

Building A Better Blog: An Addendum

Recently, I’ve had the distinct pleasure of enjoying two exceptional resources for building a successful blog. Pro Blogger’s 31 Days to Building a Better Blog is an absolutely stellar collection of articles on the topic of building a successful blog of any kind. If you’re really serious about making a blog work, every article here …

Categories: Blogging