Insight Writer » Personal Finance

Progression Requires Being Debt Free

Jeremy Day — Fri, 20 Aug 2010 23:01:28 +0000

I would say that the #1 thing holding people back from the living the life they have always dreamed is themselves…

The #2 thing that holds them back is almost certainly their DEBT!

Last week I talked about how progression requires a certain letting go of the past…

This week it is all about letting go of the need we feel to spend, spend, spend!

Let’s face facts here and confront the reality of the situation here. For anyone seriously wanting to be debt free you need to have this world view, this outlook on life that says, “I am a slave to my debt, I am an indentured servant to my creditor until my debt is repaid.”

It is a sickening feeling… I just watched the movie Maxed Out. It had some horror stories in it. Including stories about people who committed suicide because of their debt. (Hopefully none of my readers are there yourselves. I promise you debt is never so horrible to end your life over it.) Watching the movie might just make you sick to your stomach like it did for me, but you should force yourself to watch it.

Why?

Because emotions create motion, and that is the result we are after. The sooner you set yourself on a solid road to debt freedom, the sooner you can start progressing into a brighter future for yourself, and even for your friends and family.

Our government and the “powers that be” are highly responsible for the situation we are facing. Yet we also have our own personal responsibility. We must become aware of how things work, and be careful so we will not be ensnared by debt’s trap…

If you aren’t willing to click some of the links above or watch the movie please at least spend 10 minutes reading this article entitled… “I Want The Earth Plus 5%”

Reading this one article can potentially help you to progress farther in this area of life then you could have ever imagined. Please do it, not for my sake, but for your own…

Economic Prognostications 2010

Jeremy Day — Sat, 09 Jan 2010 18:12:51 +0000

Here we go… another year… and another time for guessing…

Let’s start with Economic Prognostications 2009…

It would be great if you read those predictions to start out with, and also read my economic primer, but if you are strapped for time here is the summary.

1. I first predicted that the Dow would not rise above 10,000 in 2009. Low and behold, it hit that mark in November. Couldn’t it hold out 2 more months for me to be right? haha.

In any case, I must thank Kent @ The Financial Philosopher for making me do a counter argument. While it was unlikely it would rise that high, it did happen, and I think I explained pretty well why it happened in the comment section of that post. As for the second predication that it wouldn’t rise above 10,000 over the next 5-10 years. Well, that was a little crazy, and wasn’t based on anything more then my pessimism at the time. Moving on…

2. My second prediction was that housing prices would drop another 10%, half of which would be caused my the increasing unemployment rate. Looking at the data now, I really can’t really say conclusively whether this happened or not.

For one, the census bureau won’t wrap up their data analysis till sometime in February. I also failed to remember how I came to my conclusions in the first place.

There are only two solid conclusions I can come to: That there was an additional decrease in housing prices in 2009, but by what percentage I am unsure. Also that there was a degree of stabilization in the market overall.

3. I predicted that immigration will remain high. This is almost a no-brainer. Obama would like to eventually give illegal immigrants a better pathway for gaining citizenship. If that happens, and immigration quotas are raised, we will almost assuredly see a huge surge in new immigration.

4. I predicted that unemployment will rise above 10% in 2009. Check. I went even further to say that it will stabilize around 7-9% in 2010. Hmmm. Maybe a bit too ambitious. We will see…

So I was either right on, or slightly off. We will see the final figures in a month or two. As for 2010 I will make some simple predictions…

1. Forget the stock market. Gold prices will continue to rise. Yes, gold is almost ridiculously priced right now. It will continue to rise however. With what the government is doing right now, they are causing a lot of inflationary fears. Enough people are buying into that fear that they will continue to buy into gold. Today’s price of gold is $1,138.30 per ounce. I wouldn’t be surprised if $1,300.00 or $1,400.00 was out of the question.

2. Going against last year’s predications, somehow, someway, the Dow will rise to over 11,000 or 12,000. My only basis for this is my understanding of money and the need for people to invest it somewhere. The stock market somehow remains still one of the number one places to invest despite it’s lack of sensibility.

3. As for housing. Who knows. I thought unemployment was the trump factor last year. This year it’s housing. It will be a make or break year. This is the year we will see if the housing stimulus, and record low interest rates will save the housing market. So far the numbers look promising, but anything can happen. My predication is that we will start seeing modest house price increases across the board in all but the worst of locales. For example, Detroit & the rest of the rust belt, and probably California & a few other states that were hit the worst. Those areas will still experience declines, albeit modest ones…

4. Unemployment. *sigh* Its rough and will continue to be rough. Federal policies, as well as banking policies, are making it tough for new and small businesses to hire and experience growth. My original prediction of a job recovery in 2010 is a bit unfounded. I thought more people would make the shift to entrepreneurship, but that doesn’t seem to be happening in large enough numbers.

What is also intriguing is the number of people who get removed from the official unemployment list. The number of people that “stop searching for work.”

I predict that unemployment won’t go below 10%, and may go up to 11 or 12%. I’d like to be more optimistic here, but I just can’t.

I have some other ideas about the economy, but I feel they would be best served in separate articles, and certainly wouldn’t count as official predictions anyhow.

So here is to a great 2010, whatever it turns out to be.

Cheers,
Jeremy

Stick With the Plan Man!

Jeremy Day — Fri, 15 May 2009 16:49:52 +0000

An interesting occurence happened to me yesterday. A had an epiphany of sorts. A grand idea that was a simple reminder about why we fail to accomplish our goals. Why we fall off track. Why we are left scratching our heads because we just ended back up where we started.

What could cause this to happen?

A lack of results!

This concept is found and applied everywhere. Readers of this blog are probably familiar with Dave Ramsey’s steps to financial freedom in his total money makeover book. In it, he suggests paying off your lowest balance debt first because it will give you some satisfaction of accomplishment.

Many other financial advisors recommend paying off your highest percentage debts first. Although what happens when your highest percentage debt is also one of your highest balances? A year goes by and you feel like you have barely put a dent in it. The tendancy to give up at that point is pretty high!

My chance occurence happened when I was talking to my best friend about remodeling and fixing things up around our house. We have very different philosophies about things and have disagreements on a fairly regular basis, but I think it helps give us a balanced approach to the whole remodeling process.

In any case, we have a master list of things that need to be done. Currently we have stalled a bit on a bathroom remodel we are doing. Because of this my friend starts looking at other things he can do around the house. What happens? He decides to do a minor landscaping project that isn’t on the master list.

This of course creates a discussion between us about priorities and what REALLY needs done. At this point I should inform you that this is a rental property we are working on. Any landlord or business person knows that you want to minimize your investment while maximing your return. Sometimes the choice is easy and sometimes it is a fine line you walk, but its always a decision to be made.

So we argued over curb appeal, how much lower maintanence the house would be with this project, etc, etc. Until finally my friend said he is tired of things not getting done around here and if he doesn’t see results he is going to get off the plan.

Bam! Finally we get to the real issue at hand!

Yes, curb appeal and lower maintanence are nice, but the time and money could be applied to other projects better. (At least in my mind). No, the real issue at hand is that we need to see results. We need to see progress. We need to see something happening!

You can take this and apply it to any area of your life…

Weight loss?

Don’t weigh yourself everyday. Weigh yourself once a week or every other week. You will see results that way. If you weigh yourself daily you may not notice the pounds you are losing as much and may give up.

Debt payment?

Like we talked about. Think about paying your lowest balance first. Then use the money you were using to pay off that debt to pay a higher chunk on your next lowest debt balance. It is a simple yet powerful concept.

Learning and school?

We go years before we see the results of our schooling. And we forget a lot of it. Think of ways to apply your learning sooner. Get a part-time job or volunteer in your field if you are in college. You will be way ahead of the pack when you graduate. Even if you aren’t in school, keep finding ways to improve in your job and see new and better results. It will help keep your job feeling fresh and keep giving you that sense of accomplishment.

Some people might say that some people aren’t “results-oriented” people. I say we all are, it just matters to what degree we are…

So if you are about to give up on something, take a minute to find out why. The answer may be that you just haven’t seen much if any results for awhile. Then think about ways you can see some small results today.

How to maintain a structured life while you’re unemployed

Jeremy Day — Wed, 11 Mar 2009 03:36:29 +0000

* This is a guest post by Bill at GeekMBA360.com.

Every day I get a few email questions from readers of my blog, asking for advice on getting a job in the current environment. One thing I always tell people is that you need to maintain a structured life while you’re unemployed. Otherwise, you might be at risk of getting yourself into a vicious cycle.

I was laid off in 2001 at the bottom of last recession. I was a young professional then. I also had many friends who got laid off. I was able to get a job in 4 weeks, while many of my friends were out of job for one year, two years, or even longer.

I have seen too many people who got themselves into a vicious cycle: sleep in, wake up at 10AM, work on a few resumes and send them out, surf the net, go out for a lunch, more net surfing, feel depressed, get some dinner, watch TV, more net surfing or video games, get really tired, go to bed. The next day, feel more depressed, and more hopeless since there is no job lead.

Repeat the same routine. Feel worse and worse.

If you’re unemployed, you need to create a structured life for yourself:

Clearly define your daily routine (when you’ll get up, when you’ll have lunch and dinner, when you’ll be taking a break, etc.)
Give your daily routine to your friends or family members — ask them to keep you accountable. Ideally, you should be disciplined enough to follow your own schedule. But, it always helps if someone checks on you.
When you get up in the morning, put on work clothes. Don’t try to work on your resume, or have phone interviews while you’re on your pajama. Treat everyday as a working day. When I was laid off, I always wore my business casual clothes when I got up in the morning. It really helped.
Schedule lunch appointments with your professional contacts. Having lunch appointments will force you to get out of your house, and network with people who might have job leads.
Schedule half an hour for exercise or some physical activities every day. Or, take a class at your local gym. Gym membership is one thing that I would not cancel if you want to cut your expenses. Exercise will reduce stress, and give you a well-needed break.
Define specific goals for each day. For example, you’ll customize 5 resumes & cover letters each day. You’ll initiate contacts with 10 companies. Try to hit your goals every single day.
Bring your laptop to Kinko’s. Work on your resume & cover letters there. This will help you avoid the distractions at home.

When you’re looking for a job, the job search itself is your job. Treat it seriously. Pursue it aggressively. Creative a structure for yourself so that you can be laser-focused and execute.

Happy job search.

If you like this article, please also check out my Great Depression 2.0 Survival Guide , which offers strategies, analysis, and tips on how to survive layoff, grow career, and build wealth.

GeekMBA360 writes about career development and personal finance @ www.GeekMBA360.com: Beat Recession. Grow Career. Build Wealth. Check out his website and subscribe to his RSS feed . You won’t be disappointed!

Cutting Your Costs

Jeremy Day — Mon, 23 Feb 2009 15:33:46 +0000

I just read an article at Kiplinger that I would like to comment on and share with you. The title is called “What Businesses Are Doing to Cut Costs.”

Kiplinger is simply reporting what businesses have told them what they are doing without commentary. While this is good journalism it makes for unexciting reading for all except those that really care about this stuff.

Many of these things are very agreeable and are things companies should have been doing all along. In good times and bad…

Curbing travel
Watching energy expenses
Repairing rather than replacing

Yet many of these things are disagreeable and can have really bad effects on the overall business…

Paring Benefits
“In-sourcing”
Shifting to a commission only sales force

Some of your best employees work for you because you have great benefits, because they can concentrate on what they are best at, and so they don’t have to worry about paying bills when the economy goes down.

These cost cuts I believe will do more harm then good. The companies that keep some of these costs will find themselves able to hire the best employees out there because employees will only stand so long for this form of treatment.

The overall thing I want to emphasive is that cutting material costs is great, cutting human costs is bad!

People are what make your company run, and they are what make your business great.

Human costs should be the last costs to be considered to be cut. There is a certain social contract that needs to be upheld. That is that an employee has a certain expectation that their pay (including benefits) will not go down after they are hired.

A business has a certain expectation that they will only hire employees they can afford, both now and in the future. To hire someone you can’t afford is irresponsible.

Drastic times call for drastic measures, but these are not drastic times, yet…

Yes, some industries are failing and they should fail. The captain should also go down with his ship. But companies that are still relatively healthy should not be cutting pay or laying off people.

I forget where I read the story but I once heard about a company that volunteered to take a pay cut across the board (owner, manager, and employees) so that they could save it. And this was a last resort. And again I emphasive it was voluntary for everyone. This was a decision made by consensus.

If I remember correctly this was some sort of family owned manufactoring operation that employed hundreds of people.

Your employees know where to cut costs. Ask them. They will gladly work harder and make due with less if only you would not ask them to leave or take a pay cut.

This is mainly a message for everyone who is a business owner and/or a manager of a company, but it is also for every employee too.

You as an employee have a certain responsibility in an organization because you are a part of it. You have a responsibility to speak up and shed some light on the truth.

You have a responsibility to tell management ways in which you can cut costs without cutting people. If you don’t know of any right off the bat, start looking. I guarantee people on the front lines can find ways to cut costs.

Lastly, remember that most of this is psychological. We live in a world of plenty where most situations can be made into a win-win for everyone.

Yes, many people in the world are much poorer than us, and we have to remember that. What we fear most now is a decrease in our standard of living. What a terribly selfish thing to be afraid of!

For this very reason I started the value project. So we could all think of ways to add value to the world and to other people’s lives. I personally believe most of us are focusing on the wrong things right now, and as soon as we start focusing on the right things. Well, maybe then we will see a recovery sooner than we think…

How to Grow Money in your Bank Account

Jeremy Day — Tue, 30 Dec 2008 07:07:47 +0000

Editor’s Note: This is a guest post from Vincent @ Hit Your Goals. Enjoy!

Untamed Expenses

The first step to become wealthy is to manage our expenses. Have you noticed that whenever we do not manage our expenses, they tend to rise to our level of income. For example, when we are earning 2000 bucks per month, we have ways to spend it all without saving any of it and even when our income is increased to 20,000 bucks per month, we still have ways to spend it all because we will find the excuses to have a more luxurious lifestyle.

There are people who are broke with a monthly income of 2000 bucks and there are also people who are broke with a monthly income of 20,000 bucks per month. What does that mean? It means that whenever we are not managing our expenses, they tend to grow to our level of income and this is an attribute that you do not want to have if you want to be rich.

Be Frugal

This is the one of the most important traits you need to have if you want to become rich. Whenever we talk about millionaires, we have the mental images of them living in a mansion, driving a fancy car or owning an island.

This is not the truth about millionaires. Research had shown that most millionaire don’t actually live in fairy tales lifestyle that we thought they do. Instead they are frugal. Two of the world’s richest men are known for this attribute.

Ingvar Kamprad and Warren Buffett, the owner of IKEA and one of the best investor in the world respectively, are known for their frugal habits. Ingvar Kamprad still drives an old Volvo and Warren Buffett loves his Cherry Coke instead of the expensive champagne.

7 Tips To Grow Your Bank Account

1. Save 10% of your income – Always make it a habit to save 10% of your income and do not touch it no matter what. Imagine putting 2 eggs into a basket every morning and removing 1 egg at the evening, what will happen to the basket over time? It will eventually overflow! It works the same way for your bank account.

2. Track you expenses – Set up a spread sheet or write down on a note book about what are you spending on and you can review your expenses at the end of the month and note down what are some of the expenses that you can cut down on.

3. Budget – Have a budget for your month. Set how much you will spend on necessities, entertainment, food, and transport. Then stick to it. Having a budget will help you to curb overspending.

4. Eliminate debt - If you have outstanding debt, make sure that you work to eliminate it. The interest that you are paying for your debt makes others rich, not you. You can put the money you are paying for interest into better use instead of letting it slip out of your hand.

5. Lifestyle – Do you have a lifestyle that takes more money out of your pocket then you are putting in? If you are, it is time to have a change of lifestyle. Be more prudent. Borrow library books instead of buying them. Eat out less. These are some ways to help you save your hard earned money.

6. Stop your impulse buy – The salesman are very tactful and I believe that they can even sell ice to Eskimos. So beware of being urged on to buy whatever they are promoting. Have a shopping list and stick to it, so that you will have a lesser tendency to buy on impulse.

7. Invest - We only have 24 hours a day and there is a limit of how much time we can work. By investing, you can make your money work for you without much effort on your side. Learn more about investing and start allocating your money into areas such as equities, fixed deposits, or any investment you are well educated on.

Vincent is the author of Hit Your Goals at HealthMoneySuccess.com. He writes about personal development, finance and health at his blog and be sure to subscribe to his blog over here so that you won’t miss out on his latest articles

Carnival of Twenty Something Finances

Jeremy Day — Mon, 29 Dec 2008 07:38:10 +0000

Welcome to the December 29, 2008 edition of twenty something finances.

Thank you for dropping by and participating! I decided to host this carnival because personal finance has been a hot topic lately. Especially with the way the economy has been performing. Although it’s bad now I do believe it will recover in the next three years. Here we have a lot of great articles that will help you with your finances. Here are my editor’s top picks:

Debt Free Destiny presents New Year’s Resolution: Get Out of Debt For Good posted at Debt Free Destiny.
The Shark Investor presents How To Outgrow The Self-Help Learning Stage posted at The Shark Investor, saying, “If you keep reading and reading and reading, you may be just losing your time”
J. Savings presents New Year’s Resolutions – Did i actually accomplish something? posted at Budgets are Sexy., saying, “For once in my life i followed through w/ my resolutions! All about picking things you’re passionate about i suppose.”

Joe Manausa presents Real Estate Supply And Demand | Tallahassee Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “It really isn’t that hard to tell where the real estate market is heading. All we need to do is take a quick re-examination of Economics 101 and realize that Supply and Demand actually do matter in the real estate market.”

Jeremy Day presents Why YOU are your own best investment advisor posted at Insight Writer, saying, “This highlights the need for you to be educated enough about your own finances to be your own best investment advisor.”

Michael Bass presents Will debt follow you abroad? posted at Debt Prison, saying, “Can you be arrested in the country you’re moving to for the debt you leave behind in the U.S.? Can you be deported back to the U.S. for debt? Are there secrets for making a clean getaway? Apparently these are complex questions and there is little information on the web that provides a complete explanation for leaving debt behind.”

Super Saver presents Mortgage Rates Are Falling posted at My Wealth Builder.

FIRE Getters presents Research – From Junk to Joy ! posted at FIRE Finance.

Silicon Valley Blogger presents Best Gas Credit Cards: Get Rewards For Spending on Gas posted at The Digerati Life, saying, “If you are responsible about using your credit card, then why not get rewards for spending on the stuff you spend on anyway? Gas credit cards can help you lower your gas expenses.”

Credit Card Assist presents What College Kids Might Not Know About Credit Cards posted at Credit Card Assist.

Savings Toolbox presents Two Things You need To Know About Online Payday Loans posted at Savings Toolbox.

Insurance Toolbox presents Don’t Buy Life Insurance For Your Children posted at Insurance Toolbox.

Deposit Accounts presents Will Opening a Deposit Account Affect My Credit Score posted at The Money Blog.

Trisha Wagner presents For Best Results: Use When Ready posted at Empowering Mom.

The Smarter Wallet presents Expedia Deals and Travel Discounts For The Frugal Traveler posted at The Smarter Wallet, saying, “Thanks! Great travel discounts for the frugal twenty-something!”

Stephanie Collins presents College Money Tip #3: Bank Better posted at Poorer Than You, saying, “Quick money tip: get a better bank account!”

Britannica Blog presents Credit Cards & the Genius of Marketing | Britannica Blog posted at Britannica Blog, saying, “The flood of credit card offers in the mail has begun to subside. This may be all there is of an upside to the current economic embarrassment, but it’s no small potato. They used to come several times a month.”

Patrick @ Cash Money Life presents Pros and Cons of Giving Gift Cards This Holiday Season posted at Cash Money Life, saying, “There are pros and cons to giving gift cards.”

Patrick @ Cash Money Life presents 5 Ways To Save on Taxes — Before Dec. 31 posted at Military Finance Network, saying, “Tips for saving money on your taxes before year end.”

nickel presents How do Federal Income Tax Brackets Work? posted at fivecentnickel.com.

CreditAddict presents Amex Preferred Rewards Gold Card $100 Signup Bonus posted at CreditAddict.

Aussie Investor presents Watching What Fund Managers Are Buying And Selling posted at Australian Investing, saying, “Watching the professional investors can be a great way to generate new investment ideas. However you will need to use your discretion – don’t buy stocks indiscriminately just because your favorite money manager is buying. This article looks at a couple of ways to take advantage of what the big boys are doing as well as pointing out the pitfalls.”

Jeff@MySuperChargedLife presents Personal Finance Budgeting Priorities In An Income Crisis posted at My Super-Charged Life, saying, “Setting the proper budgeting priorities in an income crisis is crucial to fiscal survival. I appreciate being consider for your carnival!”

The Shark Investor presents How To Outgrow The Self-Help Learning Stage posted at The Shark Investor, saying, “If you keep reading and reading and reading, you may be just losing your time”

Sandy Naidu presents Bernard Madoff’s Ponzi Scheme posted at FutureNestEgg.

Finance Tips 101 presents Timeshares, Affordable Part Time Ownership With A Twist posted at Finance Tips 101.

Michael Haltman presents Bernie Madoff: Who Could (Should) Have Known? posted at The Political and Financial Markets Commentator, saying, “Question: How do you make a small fortune? Answer: Start with a large fortune and give it to Bernie Madoff to invest!”

Jim presents Are Reward Checking Accounts Worth It? posted at Blueprint for Financial Prosperity.

One Family presents Employee Stock Purchase Plan (ESPP) and 401K Retirement Plan Annual Enrollment and Contribution Review posted at One Family’s Blog.

Livingalmostlarge presents What an MBA has cost us posted at LivingAlmostLarge, saying, “What you need to know before you start an MBA”

Deposit Accounts presents Investing in a Rocky Economy posted at Deposit Accounts.

Destroy Debt presents Make Your Own Debt Reduction Plan posted at Destroy Debt.

Debbie Dragon presents It’s Not About The Money posted at Share Your Number.

Credit Card Assist presents Eliminate Debt With a Credit Card? HUH? posted at Credit Cards Blog | CreditCardAssist.com.

apply4-credit presents Got Bad Credit? Get Secure posted at Apply4-Credit.

Ben presents Seven Cheap Foods to Serve At Your Holiday Party posted at Money Smart Life.

Debt Free Destiny presents New Year’s Resolution: Get Out of Debt For Good posted at Debt Free Destiny.

Matthew Paulson presents Asking a Friend or Family Member For Money to Fund Your Business posted at American Consumer News.

Debt Freedom Fighter presents How to Find the Debt Relief Company That is Right For You posted at Discover Debt Freedom!.

Savings Toolbox presents Set Your Children Up With Savings Accounts posted at Savings Toolbox.

J. Savings presents New Year’s Resolutions – Did i actually accomplish something? posted at Budgets are Sexy., saying, “For once in my life i followed through w/ my resolutions! All about picking things you’re passionate about i suppose.”

Mr Credit Card presents What Happens To My Points? posted at Ask Mr Credit Card.

The Dough Roller presents 90-Day Interest Free Credit Card posted at The Dough Roller, saying, “If you have a small business, a home-based business or do consulting, this credit card offers a unique 90-days interest free on all purchases, and it never expires!”

Patrick @ Cash Money Life presents Self-Employed Retirement Plans posted at Cash Money Life, saying, “A rundown of various self-employment retirement plan options.”

nickel presents Deciding When to Refinance Your Mortgage posted at fivecentnickel.com.

Jeff Rose presents Should You Only Have a 401k? posted at Jeff Rose.

Bill Spohnholtz presents Best Tax Savings Tip For A Down Market posted at Learn The Stock Market And How to Trade.

Piotr Stepien presents Money Free World posted at we overstep, saying, “It is nice to have money, but it is better not to have it at all. Suprised? Read the whole story.”

Michael Haltman presents You Are Facing Foreclosure? Now What? posted at The Political and Financial Markets Commentator, saying, “For any number of reasons many homeowners find themselves in the position of either being late on their mortgage or about to be late. There could be a death of the breadwinner, loss of a job, an adjustable mortgage, divorce, loss of a tenant in an investment property and the list goes on. Prior to going into the foreclosure process, there are other steps that should be considered in dealing with the lender and the mortgage they hold on your property. Some may delay the process, others will avoid it, but in the end the borrower will likely lose the house.”

kathryn presents Dealing with Financial Disaster posted at Out of Debt Christian, saying, “Instead of throwing in the towel or trying to bury your head in the sand, take the bull by the horns and get started right now on fixing the problem.”

MoneyNing presents Value Added Tax Refund (VAT) for Vacation Shopping posted at Money Ning, saying, “Remember not to leave money on the table!”

FIRE Getters presents Want To Be A Millionaire? Follow the YAWN Philosophy posted at FIRE Finance.

Fabulously Broke presents Financial Snapshot of a Mid-twenties Couple posted at Fabulously Broke in the City, saying, “A financial snapshot of a 20-something Toronto couple. I am planning on doing more of these.”

Mr. Banker presents Lock In CD Rates Now! posted at Best Interest Rate Banks.

Tushar Mathur presents 3-6-3 Rule – An unofficial banking rule !! posted at Invest In India, saying, “The banking industry of the 1950s, 1960s, and 1970s is often described as operating according to a 3-6-3 rule .The rule basically explains how bankers would give 3% interest on depositors’ accounts, lend the depositors money at 6% interest and then be playing golf at 3pm.”

Shaun Connell presents Financial Happiness: The Real Goal of Financial Planning posted at Financial Planning, saying, “Financial planning almost always revolves around the same basic theme: get a job that pays well, save as much as you can, invest as much as you can, make as much as you can, hoard as much as you can. But what if financial planning -isn’t- about the money? What if it’s about something else? This is a must-read for anyone who has any sort of financial plan.”

retirehappy presents All About Mutual Fund Loads posted at My Retirement Blog.

Sam presents NEW !! Best Stock Picks of the Decade !! posted at Surfer Sam and Friends, saying, “Best Stock Picks of the Decade Someone is Getting Rich What do the best stock picks of the decade have in common? With the exception of Apple, they were very small companies at the start. Some were microcap stocks with a market capitalization of less than $300 million. They were also unknown companies, and received little publicity or name recognition in the financial press. These stocks were also more volatile than the stocks of established large-cap companies. Most important, every one of them is characterized by strong consistent revenue growth and earnings growth. Although all are successful, these companies are a diverse group of enterprises. They demonstrate the ingenuity and creativity that builds and sustains business. In spite of the present climate of economic weakness, with disasters in the housing and financial sectors, the threat of inflation and possible higher interest rates, other extraordinary companies like these are right now building the base for a decade of spectacular stock returns. Check out these 10 best stock picks of the decade for clues to build your portfolio of rewarding stock investments.”

That concludes this edition. Submit your blog article to the next edition of twenty something finances using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Technorati tags: twenty something finances, blog carnival.

Insight Writer » Personal Finance

Progression Requires Being Debt Free

Related Posts

Economic Prognostications 2010

Related Posts

Stick With the Plan Man!

Related Posts

How to maintain a structured life while you’re unemployed

Related Posts

Cutting Your Costs

Most Commented

How to Grow Money in your Bank Account

Untamed Expenses

Be Frugal

7 Tips To Grow Your Bank Account

Related Posts

Carnival of Twenty Something Finances

Most Commented