The Truth About Internships

The following is reprinted with permission from All Work, No Pay: Finding an Internship, Building Your Resume, Making Connections, and Gaining Job Experience by Lauren Berger, copyright © 2012. […]

Know Your Credit Report and What It Means (126/365)

First and foremost, ignore those ads from freecreditreport.com and freecreditscore.com and the like. Ignore them. All they do is require you to sign up for a service you don’t want in order to get something that you can already get for free through the federal government. The federal government’s real site for getting your credit report is annualcreditreport.com. […]

Podcast 159: The 7% Solution

Today on the Consumerism Commentary Podcast, Jay Frosting speaks with John Graves, author of The 7% Solution: You Can Afford a Comfortable Retirement. They discuss the unique challenges baby boomers face when planning for retirement. Consumerism Commentary Podcast The 7% Solution: S07E03 / 159 jQuery(document).ready(function($) { $('#wp_mep_7').mediael […]

Three Things

When I was about fourteen, I watched a cancer-stricken Jim Valvano give an amazing speech at the 1993 ESPY Awards. That speech has stuck with me ever since. Here’s the speech in its entirety: The part that always got to me was near the start of the speech: When people say to me how do you get through life or each day, it’s the same thing. […]

Reader Story: Avoiding Student Loans Gave Me a Head Start in Life

This guest post from Lisa is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want submit your own reader story? […]

Money is Not the Root of All Evil

For those of you new to Free Money Finance, I post on The Bible and Money every Sunday. Here's why. A couple weeks ago I was at a fundraising committee meeting for a charitable organization when the chairman said we were starting the meeting with a word of prayer. […]

Try Using the Snowflake Method (125/365)

When most people construct and start executing their debt repayment plan, they get excited. They see the giant iceberg of debt that’s been blocking up the straits of their life slowly starting to melt and they want to see it melt faster. Snowflaking is a simple way to make that iceberg melt a little quicker. What is snowflaking? […]

Ten Pieces of Inspiration #72

Each week, I highlight ten things each week that inspired me to greater financial, personal, and professional success. Hopefully, they will inspire you as well. 1. Emerson on the experiment of life If you never try anything new, you’ll never find out if you’ll enjoy it. All life is an experiment. The more experiments you make the better. – Ralph Waldo Emerson Every day, try something new. […]

Asset Allocation and the Efficient Frontier

The following is a guest post from Marotta Wealth Management.  Crafting portfolio asset allocations is a combination of art and engineering. Just as a blending of colors can produce cerulean, so a blending of indexes produces a unique shade of risk and return. […]

Lending Club Recovered Funds from Defaulted Loans

While updating our investment portfolio last month, I discovered that Lending Club had actually recovered some funds from previously defaulted loans. We’re not talking about a huge amount here — around $18 minus ca. […]

Borrow Money to Invest?

Would you ever borrow money to invest? That is, would you take out a loan such that you could put more money in the stock market or other investments? Think carefully. You might already be doing it without even realizing it. And I’m not just talking about people who use leverage to amplify the returns from their rental properties. […]

Construct Your Debt Repayment Plan (124/365)

In my opinion, if you’re in a financial hole, constructing a debt repayment plan is the single strongest step you can take. […]

The Saving Collective

Recently, I read a wonderful article in The Atlantic entitled How the Other Half Saves: Financial Planning on $2 a Day. […]

Facebook IPO Approaching: Will You Buy Shares?

A few weeks ago, a Consumerism Commentary reader asked me on Facebook whether it would be a good idea to purchase shares of Facebook at $48 a piece. […]

Your Take: Why Half of Americans Pay No Income Tax

After talking about how half of Americans don’t pay any income tax, CNN took a quick look at the reasons why. They don’t go into greater detail but basically they pointed to all the various tax benefits available. The Tax Policy Center said that for 2011, 46% of households ended up owing nothing in federal taxes, up from 40% before the recession. […]

Ask the Readers: One Expense Leads to Another?

Have you ever bought something only to discover that this one purchase led to another? And another? And another? I have, and it’s frustrating. Andrew thinks this sort of problem is frustrating, too, and he recently wrote to ask for advice on handling situations like this. What do you do when one expense leads to another? How do you put a stop to it? […]

How to Do a Spending Fast in 16 (Easy!) Steps

A spending fast (also known as a spending freeze or a spending lock-down) is a method of getting out of debt through the elimination of all "non-need" spending. By doing a spending fast, I was able to substantially improve my financial life by paying off $23,605.10 in debt in a matter of 15 months! […]

Great Ways to Generate Passive Income

Earning income passively is a dream for most people, since it essentially means you make money without putting in a significant time investment. Most sources of passive income will require time and some money to get started, but if successful, these opportunities can generate income for you long-term and without your direct involvement. […]

Best Money Tips: Tips for Recent College Graduates

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on tips for recent college graduates, things to think about when getting a raise, and getting rid of your stuff. Top 5 Articles Real Life Tips for the Recent College Graduate — Are you a recent college graduate living in a major city? Chances are you won't need a car and can use public transportation instead. […]

Reader Profile: WW

The following is the latest post in my "Reader Profiles" series. Each post in this series details the financial situation and challenges of an FMF reader. […]