June 11, 2009

Joining An Investment Club? Watch Out For Groupthink

Manshu from OneMint has written this intriguing guest post about an aspect of social psychology called “groupthink”. Sounds like another term for “herd mentality”. […]

What is the Right Asset Allocation for You?

Sound Mind Investing says that the most important investing decision is determining asset allocation -- how much of a portfolio is allocated to stock-type investments and how much to fixed-income securities such as bonds. The article notes that academic studies have established that as much as 90% of your long-term results can be traced to this fundamental allocation decision. 90% huh? […]

Daily Links: GRS Site Survey Edition

Over the past few weeks, I’ve been making changes to Get Rich Slowly to make it more accessible to you, the reader. Now it’s time to take a look at the content side of things. […]

12 Ways My Wife Quietly Makes Our Life Work

Quite often on The Simple Dollar, I’ll discuss some aspect of my personal finance life and I’ll say that “I” did this or that “I” did that. Well, for every mention of the word “I,” my wife is there in the background, doing something little to make sure it all happens. […]

Make Money by Becoming a Wedding Planner

I've posted on the huge costs of weddings these days ($27k on average according to this Smart Money piece on 10 things your wedding planner won't tell you.) In addition, I've posted on seemingly simple tasks where people can earn a decent amount of money: mowing lawns, walking dogs, becoming a referee and so on. […]

5 Perfectly Respectable Ways To Get A Free Meal

By Julie Rains If you’re willing to be patient, gracious, and alert to opportunities, you can enjoy free meals on certain occasions. Here are ways that have worked for me. 1. Volunteer. Volunteering doesn’t guarantee a free meal but if you volunteer, you’ll often find that meals are offered during stints that span the breakfast, lunch, and dinner hours. […]

Make Your Own Dog Food

SimplyForties made a comment in the forums about how she made her own dog food, an idea I had never considered. Naturally, I turned to the power of Google to help enlighten me how whether making our own dog food made sense. I know a lot of people that feed their dogs human food but we wanted to avoid that because it’s difficult to regulate nutrition through human food. […]

Three Steps to Getting the Most from Your Credit Cards

The following is excerpted with permission from The 1-2-3 Money Plan: The Three Most Important Steps to Saving and Spending Smartby Gregory Karp. A credit card is like a loaded handgun. It's not the tool that makes it good or bad. It's the user. That's why credit cards, as a payment method, deserve their own section in this book. […]

Best Deals For Thursday 6/11/09

By Paul Michael Today's WISEBUY. SKECHERS Women's Shoes From $19 at Amazon.com (dealnews) Amazon.com cut its prices on several pairs of Skechers women's shoes. Pad your order over $25 to qualify for free shipping.   1. FREE Bounce Dryer Bar You need to register with Vocalpoint for free first.   2. FREE Old Spice Body Wash Sample (Walmart) Just fill out the form to get your sample. […]

Don't let low interest rates make you stupid

By Philip Brewer When I went off to college in 1977, inflation was high and rising, but the maximum interest rate you could earn on a savings account was capped by the government at a fraction over 5%.  The conventional wisdom was "It's dumb to hold cash when inflation is over the rate you can earn."  I absorbed that conventional wisdom, and it led me to make some dumb decisions. I had, through g […]

15 Ways to Get Started on Snowflaking

One of the best personal finance articles I’ve ever read is Snowflaking: A Primer, at I Paid For This Twice Already. Here’s an excerpt so that you get the idea: Snowflaking is a spinoff of the Snowball approach to debt reduction popularized by Dave Ramsey. […]

Still Some Time Left to Enter to Win an iPod Touch and More

A few weeks ago I announced my giveaway to celebrate 1 million visitors and we’re now drawing close to the deadline. There are still a few days left, so if you haven’t entered already, you still have a shot. Entries are valid through June 21st. To recap, I’m giving away some great prizes. The first prize is a brand new 8 GB iPod Touch. A fresh copy of Quicken Premier 2009. […]

25 Essential Books About Money: Financial Wisdom from Your Public Library

Last week, Jonathan B. sent me the following e-mail: Maybe I’m just not seeing it, but is there a way for you to put up a consolidated list of your favorite personal finance books? This can include ones you found entertaining, made the biggest impact on your personal finance goals, etc. I shared a list of my favorite money books once before, but that was over two years ago. […]

President Obama Proposes Executive Pay Legislation

Yesterday, the White House announced new plans for letting investors have a say in executive compensation. With this proposal, shareholders of all public companies will be able to vote on the pay levels of the companies’ highest paid senior management. […]

BVC #14: Net Worth Isn’t About Money

This latest Bargaineering.com video features some intro music (yay! probably won’t keep it for too long but I wanted to experiment a little with it) and a discussion on net worth. I briefly discuss how I calculate our net worth, how often we track it, and the true value in doing the exercise. […]

Gardening for Health, Wealth, and Independence

“How fair is a garden amid the toils and passions of existence.” -Benjamin Disraeli In recent years, the adoption of an independent and sustainable lifestyle has become increasingly attractive to a growing number of people. […]

Your Own Personal Money Stress Test

Here's an article that suggests we should each put ourselves (and our money) through a stress test similar to those many American banks just went through. The piece lists four factors that you should score yourself against to see how fit your finances are. The four factors are: Factor One: Disposable income ratio. […]

How To Buy a Used Car (without sipping lemonade)

I’ve never really loved cars. If you’ve been reading this blog for a while you’ll know I get little joy from spending big bucks on automobiles. But two short months ago when Carl’s 2005 Subaru Impreza got smucked by a flying truck wheel I was happy to have walked away from the car accident mostly unscathed. […]

One Million Dollars Down The Drain

Have you become a millionaire yet? If so, then here’s the next challenge: hold on to the money! This would break your heart if it did happen to you (though there’s question of its veracity). I just read a story from Tel Aviv about this unfortunate woman who lost her mattress. […]