Updated on 12.14.10

The Simple Dollar Weekly Roundup: Christmas Carols Edition

Trent Hamm

Over the past week or so, I’ve been attempting to teach my two oldest children a pile of old Christmas carols. Their interpretations are often amusing, particularly because when they’re singing, they both try to substitute in incorrect words to make the other one laugh.

There’s nothing quite like the Christmas season.

Want to Land Your Dream Job? How to Get Started as a Financial Advisor/Planner I’ve been curious about this in the past, though I don’t ever want to be a typical financial advisor. I’d be interested in it mostly just to understand the methods used. (@ good financial cents)

Make Money by Shopping at Drugstores “Making” money might be a stretch, but you can certainly save money on some items by utilizing drugstores, particularly toiletries and the like. (@ the penny hoarder)

Investing in Yourself, Time Diversification, and My Dirty Little Secret Several interesting ideas tied up in a nice pretty single package. (@ magical penny)

20 Financial Milestones You Want to Reach in Your 20’s If you manage to hit even a few of these, you’re doing better than an awful lot of twentysomethings in terms of the long-term financial game. (@ generation y wealth)

“Happiness Does Not Consist in Things Themselves But in the Relish We Have of Them.” “Happiness does not consist in things themselves but in the relish we have of them; and a man has attained it when he enjoys what he loves and desires himself, and not what other people think lovely and desirable.” – La Rochefoucauld (@ happiness project)

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  1. Ginger says:

    ““Making” money might be a stretch, but you can certainly save money on some items by utilizing drugstores, particularly toiletries and the like.” Making money is not a stretch, if you go on “Hounding with frugalsuz” (not my blog, I am no where near good enough), you would see she makes money every month by combining sales/coupons with rebates.

  2. Megan says:

    One of the most educational experiences I’ve had in the last year was working for 9 months for two financial advisors.

    From that experience, I know a lot more about 529s, long-term care insurance, annuities, and 401(k)/IRAs than I did before. The information has come in very handy, because I could talk knowledgeably with my parents about their retirement situations, as well as helping my husband figure out how he wanted to allocate the money going into his 401(k).

    I don’t really want to be a financial advisor in the traditional sense either, but learning a little bit about the business first hand was incredibly rewarding.

  3. valleycat1 says:

    My daughter’s funniest song reinterpretation was George Michael singing “You’ve got to have a bath” back in the day.

  4. Gino says:

    Your kids’ changing lyrics of songs to make each other laugh reminds me of my older brother and me doing the same. He is 3 years older than I am and thought it was his responsibility to pass on to me everything–good and bad–that he had learned. We were very close during those tender ages. Not so much now.

  5. Cortney says:

    I totally agree with Ginger! I’ve done the “coupon game” at CVS and Target and there have been many times when I have paid less than $5 for, say, 3 products that would normally cost about $25, and then turned right around and took advantage of a rebate that gave me $15. So, I got $25 worth of merchandise for $5, and then got $15 back. That is definitely me making $10 to take $25 worth of merchandise out of a store.

    In fact, I only play the CVS coupon game about 3 months out of the year, and then I have enough body wash/soap/shampoo/conditioner/toothpaste/toothbrushes/razors/shaving cream/tampons/pads/makeup/toilet tissue to last about a year. I scoffed at it at first as well- we are taught that coupon shopping just makes name brands a bit less expensive, but generic is still always cheaper- until I began to truly understand the strategy of it.

  6. Jeff Rose says:

    The funny thing about the knowledge I’m gained in my life, especially as it involves personal finance and investing, is that I’ve gained it all as being a financial advisor; but not in the capacity as you would think.

    As a finance major in school, we learned a lot about portfolio theory, standard deviation, etc; basically a bunch of useless crap that you couldn’t apply to real life situations. (Although, I did have one professor that had interesting concept of applying net present value to making a decision of buying a new car or paying for a repair. FYI, paying for the repair was the wiser choice almost every step of the way).

    When I became a financial advisor, I learned more about Roth IRA’s and other more advanced strategies through various training courses, but where I learned the most was my clients.

    As a young man that still had lots of real world knowledge to gain, every time I would meet with a new client (remember, most of these people were at least 2 to 3 times my age) I learned to ask many questions and just listen. I would hear their shortfalls and successes, and quickly realized what I needed to do to make sure that I didn’t repeat those same shortfalls.

    My parents had always told me to save because that was the parental thing to do, but they could never really guide me to the right places – they were not investors and had no idea what a Roth IRA was.

    Thanks to these meetings with my clients over the years, I’ve managed to max out my Roth IRA since I was 24, saved a good chunk in my other retirement accounts (401k then, now a SEP), and have a 9 month emergency fund.

    I say “I”, but I should mention that my wife has been supportive throughout this whole process. I can’t tell you helpful it is to have a “battle buddy” that fully supports your goals.

    In hindsight, I’m very lucky to fallen into this career. I just hope I can pay all my experiences forward to those that need it.

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