This week, The Simple Dollar is conducting a detailed review of the personal finance philosophy title Your Money or Your Life. This book looks at a whole-life approach to the relationship between a person and his money and applies a nine step process to fleshing out this relationship. Do these methods work? Let’s dig in and find out! The plan starts off with a series of psychological sledgehammers that can really change your perspectives on money. These steps are relatively …

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Although I’ve already covered how to overcome “blogger’s block” and how to reach other communities, these topics really don’t cover what one needs for true inspiration within one’s own topic. Where does that spark come from for those truly great posts, and where can I find it? Inspiration for great posts is much like the formation of a pearl within an oyster. An oyster lives in a relatively sandy environment, and on occasion a small grain of sand will slip …

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Recently, several readers of The Simple Dollar have emailed me and asked questions about managing and reorganizing their debt. These individuals are trying to find their way through the debt nightmare of the modern world, one that so many of us find ourselves in at some point in our lives. I hear questions about whether or not they should use a home equity line of credit to pay off their credit cards, or what they should do about a huge …

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The biggest advantage that fast food has is that it is so easy and it saves time by allowing us to multi-task. On busy days, I can stop by a fast food restaurant and pick up a quick meal and eat it on the road as I hurry off to a meeting; it’s very difficult for a typical homemade meal to compete with that. That is, until you discover the kitchen assembly line method. The kitchen assembly line is basically …

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#21: Auto Leases

December 11 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. Rule #21: Lease a new car or truck only if you plan to replace it within two or three years. I’m absolutely stunned that a personal finance magazine would ever recommend a lease to its readers. A lease is …

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This week, The Simple Dollar is conducting a detailed review of the personal finance philosophy title Your Money or Your Life. This book looks at a whole-life approach to the relationship between a person and his money and applies a nine step process to fleshing out this relationship. Do these methods work? Let’s dig in and find out! Your Money or Your Life is a bit unusual in terms of personal finance books that you’ll typically find at your local …

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I receive dozens of comments each day at The Simple Dollar, both on the site and by direct email. There are times when I’d much rather spend my time working on posts or reading other interesting sites or posting on messageboards than dealing with this user feedback, but I make it a point to read every single piece of feedback and, if there’s any reasonable way to make a response, fire off an email. For starters, you might gain a …

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I’m a book fetishist. I can’t help it – I want to read the latest hardback releases as soon as they come out. I used to drool over these releases, but I’ve discovered a very nifty way to keep tabs on the latest books at a very cheap price – and sometimes turn a small profit. What I do is if I know a book is coming out in hardcover that I want to read, I buy it on the …

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Over the past few months, I’ve discovered an amazing correlation between my debts and my waistline: they’re both shrinking. Here’s how it happened. I started making a monthly “food budget,” where I decided to cap my monthly spending on all food, whether it be eating out or eating at home. Each month, I’ve tightened the screws on it just a bit to keep me thinking on my toes and planning ahead. This has had a few interesting effects: First, I …

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I once worked in an office environment where the individuals who were in control of the supply closet ruled with an iron fist of dictatorship. These cruel, cruel individuals would only allot office supplies to their “favorites,” leaving the rest of us to rot in our cubicles. We had to offer up gifts and prayers to these lords of the supply chest in order to receive even the smallest of trifles. At home, I would grumble and mumble at the …

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