The Simple Dollar Morning Roundup: Water Main Break Edition

Late last night, a water main broke about eighty feet from our house, sending a geyser of water way up in the air and soaking our yard quite well. Various equipment moved in and ran most of the night, leaving me with little sleep and a deep sense of exhaustion now.

How The Rich Stay Rich: A Lesson In Lateral Thinking This is a retelling of a very classic story about thinking different. (@ wise bread)

132 Items of Clothing Gone! This is a great example of how to de-clutter and also come up with a nice tax deduction. (@ clever dude)

What Percentage of My Income Should I Contribute to a 401(k) Plan? My answer is usually “as much as possible,” but that’s not feasible for some people (like this person, apparently). (@ my money blog)

The Simple Dollar Retro: Does Ultra-Frugality Mean That You Don’t Need A 401(k) or Roth IRA? If you spend less than 50% of your take-home and are doing positive things with the rest of it, do you even need a retirement account? It’s a good question, really.