Money and Depression

December 29 2006
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I have a confession to make. The last few months have been the happiest for me in several years. I am convinced that the biggest reason for the turnaround is that I finally have some grasp on my money which I never really had before. For years, I wondered seriously whether or not I was clinically depressed. I often looked at depression websites and noticed that I matched up with many of the symptoms, but I never bothered to actually …

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In an ever-changing fast-paced world, most of us are accustomed to doing things now, and long-term financial planning is often difficult for us to wrap our arms around. We don’t want to think about being a millionaire in twenty years; we want to start down that road now with quick actions that we can use to quickly see rewards. Here’s a list of eighteen things you can do today that will improve your bottom line in the coming year. I’d …

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This week, The Simple Dollar is investigating how you can take a small amount each day for the year 2007 and end up with a solid amount of money at the end of the year. These calculations take advantage of offers and promotions available in December 2006 and also use interest rates from that time to calculate returns. While the plan still works, the exact dollar amount returned will differ. The face of Andrew Jackson is a face many of …

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Rule #1: Buy or Don’t Buy?

December 29 2006

During this final week in 2006, The Simple Dollar is reviewing one of the top investment book of the year (based on Amazon.com sales). What does Phil Town’s Rule #1 really all about, and does it bring anything useful to the plate that we didn’t already know? This week, we aim to find out. To put it in a nutshell, Rule #1 is a simplification of the investment philosophies of Benjamin Graham and Warren Buffett. Phil Town basically takes their …

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When a visitor comes to your site, the first thing they’re looking for is content. They want to see what you’ve written and they don’t want to be distracted by confusing things. The more confusing options you throw out there, the less likely they are to feel welcome on your site and the less likely they are to stick around. Simplicity is good; clutter is bad. Successful sites generally keep the clutter in the sidebar and out of the way …

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To celebrate the upcoming new year, The Simple Dollar is giving away a copy of Stanley and Danko’s The Millionaire Next Door. What do I have to do to enter? Send an email to trent at thesimpledollar dot com with the following attributes: The subject line must say Giveaway #2 Entry The text of the email must include the name you wish me to use on the site (any obscenities will disqualify your entry) The text of the email can …

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As the year ends, I’m thinking about one of the most common suggestions that people offer as an annual financial task: rebalancing my investment portfolio. For me, this is a relatively new concept, as I previously just selected something at random for my retirement money to go into and assumed it would do “well” without thinking too much about it. Here’s my plan for rebalancing my portfolio each year. Total your investment assets. For me, this includes the amounts I …

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Most people find themselves swimming in debt after spending too much on the holidays. Next year, you should do something to make that debt seem a little less insurmountable: make an extra mortgage payment so that you’ll own your house much quicker. Sounds hard? It’s not really all that hard at all if you do it right. Why should I do this? Simply put, the home mortgage is for many people the biggest debt they will ever incur, and they’ll …

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This week, The Simple Dollar is investigating how you can take a small amount each day for the year 2007 and end up with a solid amount of money at the end of the year. These calculations take advantage of offers and promotions available in December 2006 and also use interest rates from that time to calculate returns. While the plan still works, the exact dollar amount returned will differ. For me, Alexander Hamilton has always been a bit of …

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During this final week in 2006, The Simple Dollar is reviewing one of the top investment book of the year (based on Amazon.com sales). What does Phil Town’s Rule #1 really all about, and does it bring anything useful to the plate that we didn’t already know? This week, we aim to find out. So, how do you get started implementing the investing program found in this book? Most of the latter half of the book focuses on just this …

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