Efficient Market Hypothesis: So Are Markets Efficient?

Modern Portfolio Theory (MPT), which is widely used by the financial industry, can serve investors very well. But, as many investors know, MPT has been criticized more vigorously in recent years. MPT is the model for proper asset allocation and portfolio diversification. […]

A Rich Guy Tells How to Become Rich

When you want to get rich (or at least become well-off financially), doesn't it make sense to listen to someone who's there now? I think so. So it's probably worth at least a bit of time to stop and listen what billionaire Mark Cuban has to say about how to get rich, isn't it? Yep, I think so. Now he admits that there are many paths to wealth and he offers one. […]

The Realities of Dropping Cable

Over the years, I’ve made a strong case for abandoning television watching as a good move for financial and career success. Not only does television offer up a lot of advertisements glorifying unnecessary material stuff and rampant consumerism, but many programs glorify it through product placement within the programs. […]

How Does Your FICO Credit Score Work

If you thought that graduating meant the end of people grading and assigning you a number, think again. In the real world, it’s not your GPA that matters, but your FICO score. It’s a three digit number that is supposed to give creditors an idea of how credit worthy you are. Technically, it’s a measure of how likely you are to default on your debts. […]

How to Choose the Right Health Insurance Plan

I bet your head is swimming right now with all the new acronyms you’ve been seeing after the first few days on the job. But as the old adage goes, these are good problems to have, especially in the current economy. One of the biggest decisions you’ll have to make in the first few weeks of starting work is what your health benefits are. […]

Ask the Readers: To Garage Sale or Not? (Chance to win $20)

It's that time of year again! Garage sales (or yard sales) are booming, giving families and chance to clear out their clutter, earn some extra cash, and provide some low-cost goods to the rest of the community. But is this tradition dangerous for some? Do those yard sale junkies actually end up bringing home "junk" that they don't need? […]

Why I Invest Like I Do

My post titled Help a Reader: What to Do with a Windfall had an interesting discussion in the comments that reinforced some reasons why I prefer to invest with index funds and not pick individual investments (stocks, bonds, etc.) myself. […]

18 Year Old Buys Investment Property With Hog Money

Lindsay Binegar, now nineteen years old, has been raising hogs on her family farm in Highland County, Ohio, since she was at least four years old. That was the age at which she showed her first hog and earned $100. […]

Adverse Action Free Credit Score Amendment

If you are denied something because of your credit history (known as an adverse action), whether it’s a credit card, line of credit, or a job (or anything else), you will receive a letter that explains why you were denied. You will also be able to get a copy of the credit report used to reach that decision along with the applicable FICO risk factor reasons. […]

A Recipe for Youth Financial Literacy

ShareThisImagine someone handed you a chef's hat and apron and dropped you into a trendy restaurant, directing you to "fuse elements of French and Thai cuisine." Problem is, you've only watched cooking shows and, at best, you've sliced the occasional carrot to help your dad with a stew. This is essentially the state of financial literacy to […]

Privacy, Honesty, Marriage, and Debt

Archie writes in: In our marriage, my wife and I have agreed not to open financial statements addressed to each other. We supposedly did this so that we would be able to hide things like gift purchases from each other. […]

Should You Be Investing in Gold?

The Downsides of Investing in Gold May Outweigh the Benefits Early May has shown the price of gold reach record levels, mostly due to continued reports regarding Greece’s financial situation. In capricious times of change economists have always recommended investing in gold due to its reputation for being able to weather the storm and come out on top as an inflation hedge. […]

5 Ways to Read Free Books on any Smartphone

There are so many books in the world that it's impossible to read them all. In a way, that almost makes them infinite. Walk into any Borders, Barnes & Noble, or big-time library and you'll see what I mean — it's almost overwhelming. So why not dip into the classics that have withstood the test of time? […]

Build Your Own Small Business Empire in One Year: Empire Building Kit

Do you have a small business you want to take to the next level? Or are you full of business ideas but lack the knowledge or motivation to execute them? […]

New Small Business Health Care Tax Credit

Yesterday the IRS issued the first set of rules for small businesses to benefit from a tax credit signed into law as part of the Affordable Care Act.Detailed guidelines with examples are available (PDF), but to summarize:the credit is available to small employers that pay at least half the cost of single coverage for their employees in 2010. […]

Why You Need A Budget

When I was in college, I never had a budget. I didn’t keep a budget because most of my expenses were paid for in a lump sum at the beginning of the year. My room and board were all integrated into that payment, which made for a pretty simple financial life. […]

Searching for the Cheapest Airfare: Is There a Silver Bullet?

J.D. is on vacation in Alaska. This guest post by G.E. Miller gives a real-life example of trying to find the cheapest airfare online. For more from G.E., check out 20somethingfinance.com, where he covers personal-finance matters for young professionals. At one time or another, we’ve all been a day late and a few air miles short when purchasing a plane ticket. So we turn to the internet. […]

A Great, New Way to Save at the Library

I've talked before about how we can all save money by using the library (including getting access to Consumer Reports' website), but somehow I've managed to miss this tip. […]

How to Choose the Right Credit Card

Everyone has different views on credit cards. Some bloggers and finance gurus see them a money trap. Others view credit cards as a tool for making some extra money from rewards on purchases that they’ll already make. […]

Sallie Mae Bank Review: Get Funding For College

I never had to worry about student loans but it’s one thing that concerns a lot of families every year. The rule of thumb that I’m familiar with is that you should exhaust your federal student aid resources first before thinking of going with private student loans. […]