June 25, 2009

Micro-Goals And Staying Motivated

I’ve been thinking about motivation. Where does it come from?  How can it be maintained? My primary motivation to get out debt was born out of a desire to have more control over my life.  To be frank, I was tired of living with the constant burden of interest payments.  Deciding to do something about my debt, I began to make major changes in my spending and saving habits. I’ve come to the conclusi […]

DIY: Getting Dirty with Square Foot Gardening

Want to know a dirty little secret? It’s kind of filthy, promise. I’ve been busy building raised garden beds and giving a green thumbs up to square foot gardening. […]

Safeguard 7: Avoid Investment Advisors Who Sugarcoat Reality

The following is a guest post from Marotta Wealth Management. If you'd like to read any of the first six safeguards, you can find them here. We've already discussed the many ways you can safeguard your money. But these methods cannot protect you from an unscrupulous advisor. […]

Daily Links: Money and Power Edition

It’s been a long time since I pimped my fitness blog, Get Fit Slowly. To be honest, I haven’t been writing there very much. I’ve been busy with this site. But I’m sort of proud and amused by the righteous indignation I mustered in my latest post: “Walk off 15 lbs by July 4!”. […]

Some Thoughts on the “Lake Wobegon” Effect

Where the women are strong, the men are good looking, and all the children are above average. - Garrison Keillor, A Prairie Home Companion Sure, that line is used for laughs on NPR on Saturday afternoons to describe the placid, fictional Lake Wobegon, but the humor points to a rather serious matter: people constantly overrate their own achievements and capabilities in relation to others. Here’s a […]

Should Women Marry for Money?

Check out this interview that says smart girls marry for money. A couple quotes that give you the flavor of what they're saving: We’re not espousing that everyone should marry a rich guy, but we’re saying that you have to be smart when it comes to marriage and money. […]

On the Road Again (Literally)

By the time you read this, we’ll be deep into a roughly 3k mile roadtrip. The good news is that the bulk of the driving is packed into the first and last couple of days. As such, we’ll be able to recover (and fish, swim, etc.) in between. […]

The Informational Interview: What Not To Say and More

By Julie Rains I have encountered job seekers who had taken part in informational interviews but seemed to find them fruitless. Admittedly, having helped many clients using a straightforward approach, I was skeptical about the winding path to a career that the informational-interview process seems to represent. […]

Be Successful by Learning Delayed Gratification

What if I told you that delayed gratification was the most important factors of success? I bet you’d probably believe that it was plausible, but probably not likely. […]

Survey Reveals Gender Gap in High School Seniors’ Financial Literacy?

Or maybe not. Capital One conducted a survey of high school seniors to determine how many of these young adults are prepared to handle finances on their own. The company asked the students to rate their own levels of knowledge of personal finance. […]

This Seems Like a Bad Idea to Me

We've talked before about how an investor doesn't want too much (I've read 5% to 10% at most) of his portfolio tied up in his company's stock. The rationale goes that he's already tied heavily to the fate of the company since that's where he's employed (and if the company tanks, so could his job and salary) and to add too much more to the dependence on one entity is really too risky. […]

Best Deals For Thursday 6/25/09

By Paul Michael Today's WISEBUY. Up to 75% OFF MEN'S JACKETS AT TARGET (dealnews) Target cuts up to 75% off a selection of men's jackets in its clearance section, as listed below. Shipping starts at $4.95, but many items qualify for free shipping on orders of $50 or more.   1. FREE B-Liv Blackhead Removal Face Gel (sample) Based on first come first serve, while stock last basis. […]

Friendships and Financial Responsibility

When I first started writing The Simple Dollar, one of the biggest struggles I had was figuring out how to redefine some of my friendships - a struggle I discussed at length. The problem was that a good number of the people I spent lots of time with were constantly engaged in activities that involved spending a lot of money. […]

Stay Tuned for the iPod Touch Giveaway Winners

Even though the contest ended Monday morning, I’m a little behind in getting all of the entries gathered. There was a lot of interest so it’s taking some time to make sure all the valid entries get accounted for. Later this weekend I’ll be contacting the winners directly. If your winning entry was from the newsletter signup, you’ll receive an email from me. […]

Goals Bring About Real Results

Do you have a 5-year financial plan? What about just a general idea? Do you know where you want to be financially in 25 years? Have you ever set a financial goal? If you decided you wanted to save $5,000 this year, could you do it? Far too often we get into situations where we let money control us, instead of being in control of our money. […]

The First Three Steps to Financial Freedom

The hardest part of money management is just getting started. Once you have some momentum, it’s easier to make the right choices. Kay has been reading personal finance blogs for almost a year now, and she knows that she needs to make some changes, but she doesn’t know how to begin. She writes: I want to get serious about being good with my money, but I don’t know where to start. […]

BVC #16: Introduction to Envelope Budgeting

Here’s a little video discussing the ins and outs of envelope budgeting, how it’s done (at a basic level), why you might want to consider it, and my thoughts on its effectiveness. […]

Powerful Ways to Improve Your Life

Today I thought I’d step outside of the purely financial realm and talk a bit about self-improvement. […]

The Psychology of Selecting Mutual Funds

The following is an excerpt from Snap Judgment: When to Trust Your Instincts, When to Ignore Them, and How to Avoid Making Big Mistakes with Your Money by David E. Adler. This is a fascinating book about the psychology of money and how our instincts and emotions often harm us when we make investing decisions. How do we pick a particular mutual fund to invest in? […]