Month: May 2014

The Time of Your Life

Categories: Getting Started

The Simple Dollar Weekly Roundup: Connection Edition

One of the most fascinating aspects of the internet (for me) is how it allows people with similar perspectives and ideas to eventually find each other and congregate to share ideas, thoughts, concerns, and worries. Take The Simple Dollar, for example. It seems to have become something of a “home” for people who are discovering …

Categories: Morning Roundup

What’s It All About?

A few days ago, I had a long email exchange with a friend of mine, who seemed genuinely surprised that I had walked away from my previous career and committed to writing The Simple Dollar (and similar things) full time. I truly enjoyed many aspects of my previous job. That job gave me some seriously …

Categories: Meta

Seven Tactics for Turning Short-Term Intensity Into Long-Term Intensity

“Eric” writes in with a question/suggestion: We all want to attack our debt, but can we be “gazelle intense” for the next 10 years (or more, depending on your income)?? Even if we could, is that a life really even worth living? If not, then what progressive, yet normalized, steps can we take so that …

Categories: Getting Started

Christmas Inspiration from a Stick and a Cardboard Box

Late last week, a rather amusing story made the rounds in the mainstream media: the humble wooden stick had been inducted into the National Toy Hall of Fame. Usually such stories are tossed out there into the news to give people a lighthearted moment in between more intense and often downbeat stories, but this story …

Categories: Parenting

Reader Mailbag #37

Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might also enjoy the archive of earlier reader mailbags. As usual, we’ll start things off with …

Categories: Reader Mailbag

Review: The Little Book of Bull Moves in Bear Markets

Every other Sunday, The Simple Dollar reviews a personal finance book. Peter Schiff is a huge pessimist about the future of the economy, and because of that, he’s probably the perfect person to write this book. The Little Book of Bull Moves in Bear Markets is the seventh in a series of “Little Books” (I …

Categories: Books, Investing

Personal Finance 101: Deflation and You

Michael writes: I’ve read several articles recently that claim the United States is headed into a period of deflation, but they made it sound like that was bad news. The way I understand it, deflation means lower prices for everyone. How can that be bad? Several commentaries from various writers and radio broadcasters are circulating …

Categories: Getting Started

Investing in Skills (or Fear of an Apocalyptic Economy)

Four or five times a day, I get an email from a reader who is worried about some absolutely apocalyptic prediction about what will happen to the global economy over the next several years. As I’ve stated before, I don’t buy into fear, but when someone writes to me with obvious deep concern for their …

Categories: Getting Started

Some Thoughts on Personal Finance Coaching

Several people have written to me recently asking questions about programs such as Dave Ramsey’s Financial Peace University and other such personal finance coaching programs. What You Get Financial Peace University (and other programs like it) collect together a lot of useful pieces of personal finance information into one place. Usually, these programs provide a …

Categories: Getting Started

The Intelligent Investor: The Defensive Investor and Common Stocks

This is the sixth in a weekly series of articles providing a chapter-by-chapter in-depth “book club” reading of Benjamin Graham’s investing classic The Intelligent Investor. Warren Buffett describes this book: “I read the first edition of this book early in 1950, when I was nineteen. I thought then that it was by far the best …

Walking Away to be a Stay-At-Home Parent

Kendra writes in: My husband and I are expecting our first child in February. Currently, we’re in great financial shape: we’ve been saving our money quite diligently over the last few years, bought a house with a large down payment, and have a large emergency fund and several CDs. Given that and given the desire …

Categories: Parenting

Some Thoughts on the Small House Movement: Is It Something Worth Considering?

Over the last week, several readers have written to me with various comments, suggestions, and questions related to the so-called “small house movement.” Given that it’s a great way to save money (as I’ll discuss below), I thought it’d be worthwhile to investigate the movement in detail. What is the “small house movement”? From the …

Categories: Housing

On Good Debt and Bad Debt

One of the most common ideas that personal finance writers bring up is the distinction between “good debt” and “bad debt.” There are several fairly similar definitions of each kind of debt, but generally they either revolve around the terms of the debt (low interest rate debts – usually below 7% or so – would …

Categories: Debt

The Simple Dollar Weekly Roundup: Saddest Birthday Ever Edition

People who have been Twitter feed already have heard the story, but I thought I’d share it with all of you. My three year old son planned for a nice birthday party with his closest friends this past Saturday. We planned everything together – he chose the invitation list (four other children), helped us with …

Categories: Morning Roundup

Taking Dramatic Change One Day at a Time

When I first realized I needed to turn my financial life around, the changes that needed to be made seemed immense. Just thinking about the sheer size of what I needed to do would drag me down and leave me feeling as though it were hopeless. It was in those moments of seeming hopelessness that …

Categories: Getting Started

Six Ways to Make The Simple Dollar More Useful for You

The Simple Dollar receives a lot of visitors each day. Many of you pop onto the home page, see what articles are fresh and new, read through them, and bop onto another site. What you might not realize is that there are several very simple additional ways through which you can enjoy and get useful …

Categories: Meta

Accountability

Who are you accountable to? I’m accountable to my family. The choices I make, both positive and negative, impact their lives directly and indirectly in many, many ways. Every time I see them, I’m driven to make good choices that build a long term future for both myself and for them. I’m accountable to my …

Categories: Getting Started

Reader Mailbag #36

Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might also enjoy the archive of earlier reader mailbags. As usual, we’ll start things off with …

Categories: Reader Mailbag