#11: Building Knowledge

November 27 2006
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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 #11: If you don’t understand how an investment works, don’t buy it. The sheer hubris of the above statement is incredible. “Leave the real money makers to the experts; you go along and play with your savings account …

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This week, The Simple Dollar is conducting a detailed review of Kevin McKinley’s Make Your Kid A Millionaire. This title focuses on the role parents play in building a net worth for their child, both financially and psychologically. Does this book provide some interesting insights, or is it merely a repeat of the power of compound interest? This week, we aim to find out. Make Your Kid A Millionaire is a guide for parents who are thinking about investing for …

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The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites a click. Ask MetaFilter http://ask.metafilter.com It wouldn’t be The Simple Dollar if I didn’t include at least one unusual entry. Ask Metafilter would probably not …

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The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites a click. Make Love, Not Debt http://www.makelovenotdebt.com One second into a visit to Make Love, Not Debt and it becomes quite clear why I love …

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The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites a click. Get Rich Slowly http://www.getrichslowly.org/blog Get Rich Slowly is like Old Faithful: day after day, an excellent and beautiful item springs forth seemingly out …

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The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites a click. Yahoo! Finance http://finance.yahoo.com If you want a veritable flood of personal finance information, you really can’t beat Yahoo! Finance. The amount of information …

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The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites a click. Personal Finance Advice http://www.pfadvice.com Day after day, I’m amazed at the thorough and intelligently written articles that pour forth in a steady stream …

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The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites a click. Divorce to Financial Freedom http://divorce2financialfreedom.blogspot.com This is a bit of an unusual pick; it doesn’t typically show up on lists of the “best” …

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The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites a click. Generation X Finance http://genxfinance.com I didn’t discover this site until after I started The Simple Dollar, but it has become a very regular …

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The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites a click. PFBlogs.org http://www.pfblogs.org There are a lot of personal finance blogs out there, with more appearing all the time. It’s hard to find new …

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