Archive for 'General Personal Finance' Category
Rebalancing A Portfolio Away From Real Estate
1 November 2006CNN has a profile of a couple who they suggest are far too heavy in real estate, and need to fix up their investments so that they’ve got a more diversified set of assets. If you’re not familiar with this, it’s called “rebalancing,” and the basic idea is just that if you’ve got too much [...]
What Do You Do If You Suddenly Come Into Money?
31 October 2006Get Rich Slowly has a good post on what you should do if you suddenly find yourself with a windfall of some kind - an inheritance, a lottery win, other random gambling winnings, or the like. It’s good advice to read over because there’s one big windfall not on his list that most people get, [...]
What Use Is Personal Finance Advice If You’re Making Minimum Wage?
27 October 2006Ask Uncle Bill has a series of posts prompted by a reader who notes that much of the advice found in personal finance books and blogs is hard to follow if you’re making a lot less than the average American salary. The response is in multiple parts here, here, here, here, and here. It’s a [...]
Living Your Life For The Present
26 October 2006It’s a common excuse that people use to rationalize why they aren’t putting away any money for the future - and this post over at No Limits Ladies debunks it. The money quote about how you should approach this:
“This is not an all or nothing situation. Every bonus or raise I receive is split between [...]
Online Games - Waste of Time, But Maybe Not Waste of Money
18 October 2006Yet Another Blog About Money posts about his bafflement at the idea that people spend countless hours (and real money) in online “virtual worlds” such as the games Second Life and World of Warcraft. He admits he does something somewhat similar with online poker, but suggests he ends up with real money in his pocket [...]
How to Buy a Mattress
28 September 2006MSNBC had an article on this, but aside from a couple of good points, it’s mostly fluff. So here are some tips I rounded up from around the web on a major purchase you’ll probably have to make every few years:
1) Negotiate. The MSNBC article has this right - buying furniture is just like buying [...]
Go Ahead And Sell Those Elmos…
26 September 2006After Reading Rich Dad Poor Dad made about $200 buying up this Christmas’ new hot toy, the 10th Anniversary edition of the Tickle-Me Elmo. All Financial Matters wrote about the trend, pointing out that there’s no reason a parent should be wasting hundreds of dollars on E-bay for a toy whose price has been jacked up [...]
What Makes Rich People Rich?
24 September 2006CNN has a very interesting series of articles on their web site by a journalist who went into extremely wealthy areas and just started wandering around knocking on people’s doors, asking them how they’d been able to get to that point in their lives. It’s in five parts: part one, part two, part three, part [...]
What Happens to Your Computer Passwords When You Die?
22 September 2006Here’s an interesting estate planning problem I’d never thought about - more and more people who die are creating serious problems for their family members by failing to put down a list somewhere of their passwords to websites, e-mail accounts, and other things that might be neccessary to plan a funeral or even get at the [...]
Response to John Reed Article
22 September 2006No Limits Ladies points out that there is a response to that John Reed article I referred to a couple of days ago criticizing Rich Dad, Poor Dad.
I should also clarify that while I think most of the investing advice Kiyosaki gives is wrong and dangerous for most people (I’m of the school that it’s very [...]