If you’re reading this, you’re more likely than not to have a pretty solid grip on your personal finances. You’re thinking about them regularly and you’re visiting and reading websites devoted to the topic. Getting your mindset in the right place is the foundation of personal finance; everything else just follows along with it. When I write, particularly here at The Simple Dollar, I like to believe that I’m helping people. Hopefully, you’ve been helped (or at least entertained) by …

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This week, The Simple Dollar is conducting a detailed review of Suze Orman’s The 9 Steps to Financial Freedom. This title has appeared on countless personal finance shelves over the past decade; does the content inside hold up? We aim to answer that very question. Yesterday, we looked at The 9 Steps to Financial Freedom as a whole and observed that this book focuses on laying a psychological foundation for healthy personal finance. Each step in the book seeks to …

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#2: Home Refinancing

November 14 2006

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. When Should I Refinance My Home Rule #2: It’s worth refinancing your mortgage when you can cut your interest rate by at least one point. Rules of thumb fail miserably when evaluating a complex, multi-dimensional situation such as the …

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I have a multitude of hobbies that I enjoy, but lately I’ve been evaluating them more carefully in terms of the time spent and their cost. I spent two weeks recording the time I spent on my various hobbies and then estimated the cost of that time spent to get a “cost per hour” estimate for each of my hobbies. I had a good idea of what the comparative costs might be, but I was almost shocked to find out …

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#1: Home Renovation

November 13 2006

This post 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 #1: For return on investment, the best home renovation is to upgrade an old bathroom. Kitchens come in second. When determining which parts of your home to renovate and which ones to leave alone, the general consensus …

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People email me all the time asking how to get rich. They are usually underwhelmed when I tell them there is no secret and definitely no quick way to do it. There are, however some general rules and principles that hold true. The Simple Dollar devotes much time to discussing these topics. Recently, I had the opportunity to read and reflect upon an article in Money Magazine entitled 25 Rules to Grow Rich By, a brief piece outlining 25 basic …

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This week, The Simple Dollar is conducting a detailed review of Suze Orman’s The 9 Steps to Financial Freedom. This title has appeared on countless personal finance shelves over the past decade; does the content inside hold up? We aim to answer that very question. 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 …

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Last week, The Simple Dollar reviewed The Millionaire Next Door in detail. This week, The Simple Dollar is giving away the book to one lucky winner! Here’s how you enter: If you have a blog: 1. Dig around the archives of The Simple Dollar and find a post that interests you besides this one. You can explore the site using the search field in the upper right, paging through some of the recent posts (there’s a link to previous posts …

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Last night, I was reading through a personal finance book (one of the upcoming ones in the 52 Weeks… series) when I dozed off to sleep. In my dream, I was playing catch with Suze Orman in the outfield at Wrigley Field, and she kept shouting at me in that distinctive tone of hers that she was going to embarrass me on her show that evening, that she was going to tell the world that I had spent all of …

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Ever since I was young, I have had a number of daily goals for myself. Most of them seem rather mundane: commit a random act of kindness, read for at least half an hour, brush my teeth and use Listerine twice, and so on. Most of them have a clear metric for success. However, since I’ve begun to turn my finances around, I’ve added several daily goals to my plate that directly relate to finance. Here are these goals, along …

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