Month: May 2014

How To Feel Happier About Not Spending Money

There is a connection between our emotions and our money, a link that is preyed upon countless times each day by advertisers promising to trade us happiness for our hard-earned cash. Most of us have money, and all of us seek happiness; pushing the link between the two is a sure-fire way for a marketer …

I Got My First Dividend – How Do They Work?

As I’ve mentioned, I recently began investing in the Vanguard 500 as an individual investor outside of the “walls” of a retirement plan. Prior to this, my experience with such plans was with retirement accounts: put in the money before it was even taxed, let it sit there and earn, and not really think about …

Ten Ways To Accelerate Your Net Worth Growth

Now that you’ve calculated our net worth, you’re probably excited about seeing that number go up, and once it starts going up, you’re going to want to see it keep going up, faster and faster, rocketing to the moon. For my net worth growth, I have a thumbnail goal of a 2% increase per month …

Categories: Debt, Investing, Planning

Building a Better Blog: Celebrate With Your Readers

As you continue to blog, your regular readers will eventually grow accustomed to your voice as a writer, even if you write in a mostly factual fashion. Over time, you’ll come into contact many of your readers by email and comments and you’ll begin to establish a relationship of sorts with them. What does this …

A Savings Plan For 2007: The Ulysses S. Grant Plan

After posting a series of savings plans this week, I received the following email from a reader: I was wondering, could you also do an entry in that series if someone puts $50 away? I’ve shown the article to a few people, and their incomes gravitate to more of $x per month, and around $50 …

Categories: Planning, Saving Money

How I’m Using Dollar Cost Averaging – For Better Or For Worse

As I mentioned earlier, I recently bought into the Vanguard 500 using part of my emergency fund. Since then, I’ve set up a monthly deposit into that fund, intending mostly to focus on building up the balance to a sufficient level. The real purpose of the fund is to enable my wife and I to …

Categories: Investing

How To Calculate Your Net Worth

I received an email from Edward today, who had this to say: I love your site. I have a question. I have read a lot of posts about people’s net worth. How do you calculate your net worth? Calculating your net worth really isn’t all that hard. It just takes a bit of time, some …

Categories: Getting Started

Review: Rule #1

I largely elected to read Rule #1 because of the professed simplicity. I’ve read a lot of investment books over the last year or two, but they all fell into one of two categories: either they required a huge investment of time or they had flaws so large that even I could see them from …

Categories: Books

Building a Better Blog: Don’t Forget the Fundamentals

When I’m actively blogging, I often assume a great deal about my readers and their pre-existing knowledge of my topic. I often go so far as to assume that, even after I’ve researched a topic, I’m roughly on par with them in terms of really understanding the topic, so I focus on my own reflections …

35 Outrageous Fees – And How To Avoid Them

Recently, CNNMoney.com posted an article containing 35 outrageous fees, along with tips on avoiding them. Unfortunately, due to the terrible layout of the article (you’re forced to jump from page to page in a very awkward fashion), it’s almost impossible to see all of the fees and also jump to the one you want to …

Money and Depression

I have a confession to make. The last few months have been the happiest for me in several years. I am convinced that the biggest reason for the turnaround is that I finally have some grasp on my money which I never really had before. For years, I wondered seriously whether or not I was …

What Can I Do Today To Make Me Rich In The Future?

In an ever-changing fast-paced world, most of us are accustomed to doing things now, and long-term financial planning is often difficult for us to wrap our arms around. We don’t want to think about being a millionaire in twenty years; we want to start down that road now with quick actions that we can use …

A Savings Plan for 2007: The Andrew Jackson Plan

This week, The Simple Dollar is investigating how you can take a small amount each day for the year 2007 and end up with a solid amount of money at the end of the year. These calculations take advantage of offers and promotions available in December 2006 and also use interest rates from that time …

Categories: Planning, Saving Money

Rule #1: Buy or Don’t Buy?

During this final week in 2006, The Simple Dollar is reviewing one of the top investment book of the year (based on Amazon.com sales). What does Phil Town’s Rule #1 really all about, and does it bring anything useful to the plate that we didn’t already know? This week, we aim to find out. To …

Categories: Books, Investing

The Simple Dollar Morning Roundup: End of the Year Edition

Here it is, the last morning roundup of 2006 (I won’t be in on Monday, of course, as I’ll be sleeping soundly after our New Year’s celebration). Here are some great recent personal finance blog postings. Beware a US Stock Market Crash A well-done negative take on the strong stock market as of late. It …

Categories: Morning Roundup

Building a Better Blog: Don’t Clutter It Up

When a visitor comes to your site, the first thing they’re looking for is content. They want to see what you’ve written and they don’t want to be distracted by confusing things. The more confusing options you throw out there, the less likely they are to feel welcome on your site and the less likely …

The Simple Dollar Giveaway #2: The Millionaire Next Door

To celebrate the upcoming new year, The Simple Dollar is giving away a copy of Stanley and Danko’s The Millionaire Next Door. What do I have to do to enter? Send an email to trent at thesimpledollar dot com with the following attributes: The subject line must say Giveaway #2 Entry The text of the …

Categories: Giveaways

Balancing An Investment Portfolio For The First Time

As the year ends, I’m thinking about one of the most common suggestions that people offer as an annual financial task: rebalancing my portfolio. For me, this is a relatively new concept, as I previously just selected something at random for my retirement money to go into and assumed it would do “well” without thinking …

Categories: Investing

Give Your Future Self An Amazing Christmas Present Next Year – An Extra Mortgage Payment

Most people find themselves swimming in debt after spending too much on the holidays. Next year, you should do something to make that debt seem a little less insurmountable: make an extra mortgage payment so that you’ll own your house much quicker. Sounds hard? It’s not really all that hard at all if you do …

Categories: Housing, Planning