The Simple Dollar Weekly Roundup: Your Money Matters Interview Edition

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This past weekend, I had an hourlong interview on the syndicated Your Money Matters radio show, hosted by Marc Pearlman. You can listen to it on his site or listen to it in iTunes.

Also, I’ve recently written a few articles for OPEN Forum that you may want to read that focus on frugality and small businesses.

Building Success Without Huge Debts You don’t have to incur a mountain of debts to build a small business. There are many, many quietly successful small business out there, and here’s a tale of one.

Be Where Your Customers Are Many businesses fail simply because they assume their customer base knows about them. Often, they don’t, and here’s a perfect example of a business failing because they failed to reach their target customers (me, in this case).

From Details to Vision A business succeeds when a business owner can identify what their true goals are with the business – and not every business has the same goals.

The Hard Choices Running a small business means that you are often stuck with some hard choices. Often, it’s a matter of choosing the least of all evils.

Here are some interesting articles on personal finance from around the ‘net.

Dipping Into Our Emergency Fund I haven’t had to dip into our emergency fund in a long time, though we have had a few emergencies that would probably warrant it (especially during the final year of owning our old rusty truck). (@ five cent nickel)

Should You Relocate to Cut Costs & Decrease Living Expenses? This is an option that a lot of people overlook when they’re thinking about cutting costs. If you have a job that you could find in any city – or any town of any size – then relocating should always be an option on the table for you. (@ fiscal geek)

“Decide What You Want or Need to Do, and Then Do It With All Your Power.” I believe that a lot of unhappiness and struggle in the world (including personal finance problems) comes about from people not doing this. Life just flows so much better when you’re chasing something with all your might. (@ happiness project)

Preparing for Economic Collapse I agree with the conclusion here – if you’re actually afraid of economic collapse, you’re better off investing in tangible things (like sustainable water, sustainable energy, and sustainable food) than buying a lot of gold or silver, because if the dollar is worthless, we’re not going to be using gold and silver as a means of exchange. We’ll be using tangible goods. (@ frugal dad)

How big is your red zone? This is a very profound argument on behalf of a “training buddy” or a coach or a teacher. They’re the “green dot” that helps you get past the point where the hassle of a new behavior exceeds the joy. Many people don’t have the kind of self-motivation to get there themselves. (@ seth godin)

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8 thoughts on “The Simple Dollar Weekly Roundup: Your Money Matters Interview Edition

  1. Trent – Thanks for the mention on “Should You Relocate to Cut Costs & Decrease Living Expenses?” (on Fiscal Geek).

    This is one where I tried to look at both sides of the concept, having made such a move myself.

    Regards,
    Kevin

  2. I’m a little confused about one of your links to one of your articles. You said: Be Where Your Customers Are Many businesses fail simply because they assume their customer base knows about them. Often, they don’t, and here’s a perfect example of a business failing because they failed to reach their target customers (me, in this case).

    As far as I can tell, the article isn’t at all about a business that failed, never mind because it couldn’t reach you.

  3. Some thoughts on relocating to cut costs:

    – If moving to a lower-cost area means taking a big salary cut, you might actually be better off in a higher-cost area. This is especially true if you’re living far below your means.

    – Areas that are “low cost” according to the official measures might not be so low cost for you, depending on your lifestyle and how you spend your money. Some things (e.g., health foods, international plane tickets) cost more in rural areas than in urban ones. Other things (e.g., pretty much anything ordered online) cost the same. And of course, if it works for you to go without a car when there’s good public transportation, that makes a big difference as well.

    – Relocation itself can be very expensive, in terms of both money and time. If you’re relocating purely for financial reasons, make sure you’ll be saving enouch money to recoup that investment in a reasonable amount of time.

  4. Johanna (3) – Hence the presentation of both sides of the relocation picture in the post. Much of what you wrote is true, some of it I addressed in the post. Relocating isn’t a cure all for everyone, and the finer points have to be considered.

  5. You should really stop linking to “The Happiness Project”. When I click on your link to it I briefly see the title page of the article linked to, then it is replaced with a ‘buy my book’ page from which there is no obvious exit to actually read the article. Not the first time this has happened to me with this unattractive site. I also tried going to the website link instead of the article link, same result. “Happiness Project” is nothing but an ad for the book and it does not reflect well on you.

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