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This week, The Simple Dollar takes a look at Jim Cramer’s Real Money. Cramer has made a huge name for himself in stock picking punditry and he claims to reveal his methodology in this book. Is it worth reading? Let’s find out. Much of the early part of the book is focused on advice for beginning individual stock investors, a group that I would include myself in. The advice throughout the book comes at you at a frenetic pace, so …

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Festival of Frugality #58

January 23 2007

Welcome to the 58th Festival of Frugality! For those unaware, the Festival of Frugality is a series of weekly posts hosted by various blogs in which we highlight great posts on frugal living. Usually, when I go to read a carnival or festival, I scan the article titles quickly and only click on ones that are really interesting and give short shrift to a lot of blog articles that don’t have titles that grab me right off the bat. This …

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Deconstructing Jim Cramer

January 23 2007

This week, The Simple Dollar is deconstructing five top personal finance and investing pundits and asking the big questions about their track record and their message. Since I also happen to be reviewing Jim’s book Real Money this week, I thought I would start off the week by focusing on an individual that I would describe as the most well-known stock picker in the United States today, Jim Cramer. Background Jim Cramer is literally what he presents himself to be: …

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Yesterday, I received an email from a friend who is moving into a new home that he’s financing with a fifty year mortgage. He was bragging about how low his payments were and he’s putting equity into his house. For regular readers of this site, it shouldn’t be a surprise that I quickly loaded up my spreadsheet of choice and got down to business looking at the numbers. If you’d like to play along at home, here’s my favorite online …

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The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. Most of us have a set of monthly bills that we pay as part of our regular routine. They constantly chip away at our monthly and annual budget, eroding how much we can spend on a regular basis. Some of these are essential (electricity), while others are maybe less essential (Netflix). Today, we’re going to take all …

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When people discover a problem with their credit score, they often act rashly, doing things that seem as though they would improve your credit, but actually damage a credit score. Before we get into the ten mistakes to avoid, let’s first look at what makes up one’s credit score, as defined by Fair Isaac: Although the exact formulas for calculating credit scores are closely guarded secrets, Fair Isaac has disclosed the following components and the approximate weighted contribution of each: …

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This week, The Simple Dollar takes a look at Jim Cramer’s Real Money. Cramer has made a huge name for himself in stock picking punditry and he claims to reveal his methodology in this book. Is it worth reading? Let’s find out. In the past, I concluded that Jim Cramer’s success was due to the entertainment factor. I had never heard of him before tuning into his show on CNBC, where his … enthusiasm for picking stocks seems to know …

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Fahrenheit 451 Ray Bradbury Changed my life in October 1991 In January 1991, I started keeping a journal, one that I’ve kept persistently ever since. Each day, I would write down some of the big events that happened during the day, what the weather was like, and so forth. I also kept detailed notes on the books I read and the music I listened to and my reflections on them. I had already had some epiphanies about the power of …

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Car salesmen are no dummies. They love nothing better than to see a “smart” buyer come wandering onto a lot, married to the idea of buying a specific model that they’ve researched. They get this person in the back room and quote them some “wonderful” monthly payment price, but stretch it out over plenty of years, enough to effectively make the trade-in worthless. The customer walks out happy, without realizing that their wallet has just been lifted out of their …

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The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. Most people, once they’re locked into a home mortgage or have moved into an apartment, feel as though that is an amount that they are simply down each month, with no real way to reduce that amount. It’s simply not true; it’s just a psychological trick within your mind. The real truth is that there are ways …

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