October 2006


Fame and Fortune: Steve Wozniak: Apple founder is still gadget mad - Sunday Times - Times Online
You know I love The Woz. (I wrote about him earlier in the month.) Here’s an interview with him about money. Atypical, but interesting. [via GRS-reader Russell]
(tags: wealth interviews apple woz)

Are credit cards evil by nature? | Science Blog
(tags: credit creditcards choices)

HOWTO: Handle Closing Dead People’s Accounts - Consumerist
(tags: death howto money)

[read all of links for 2006-10-30]

My wife and I don’t have children, but many of our friends do. It’s fun to watch them grow. Most of these children are in school now, and beginning to develop an understanding of money.
For example, my young friends Harrison and Antonio are excited about entering a particular model-building contest. (For K’NEX, maybe?) The prize for creating the best model — which these two boys are sure they will do — is $10,000. They’ve decided that when they win, they will save use $1,000 to buy more K’NEX, and save the rest for college.
It’s a challenge to convey good money habits to their children. Harrison and Antonio’s parents are doing a good job. Get Rich Slowly reader MM has some great advice for parents, too. Here’s a comment from a recent thread:

We now talk to our children about ‘getting rich the slow & steady way’ all the time — with the simple message that [...]

[read all of Reader Comment: Teaching Children to Save]

What Use Is Personal Finance Advice If You’re Making Minimum Wage?
Great entry that links to other discussions on the subject. This is a tough question to answer.
(tags: minimumwage goals career work)

The New Yorker: Millions for Millions
“This year’s Nobel Peace Prize winner and some high-tech entrepreneurs are competing to provide credit to the world’s poor.”
(tags: economics)

The Bean Counter’s adventures: Challenges I face in building my EF and eliminating CC debt
A great discussion of the everyday personal finance choices we all make.
(tags: personalfinance choices)

[read all of links for 2006-10-29]

It’s no secret that I’m a huge fan of AskMetafilter. Many AskMe users post money questions, such as this recent batch:
Total beginner to investing and finance, researching how to start investing maybe $2K each year, mostly in socially responsible mutual funds — and how a young, healthy person should balance retirement investment with other kinds of investments. (I’m coming from a low-income background, so I haven’t watched people invest or had people talk to me about it.)
My landlord won’t take my money. How long can a landlord sit on rent checks? Our landlord hasn’t deposited our checks from the last 2 months, it’s almost time to pay again. Is there a time restraint on how long he can sit on our money?
How to find more money for school and living? My husband and I (we’re in our mid 20’s) both work part time and go to school full time. He’s a grad student, I’m an [...]

[read all of AskMetafilter Roundup]

You know an article must be good when your accountant forwards it to you. Mine sent me this list of 11 ways to jump-start your savings from Dana Bratch at MSN Money. Bratch writes:
The secret of successful savings borrows from the tale of the tortoise and the hare: Slow and steady wins the race. But while it may be a winning strategy, it’s difficult to get motivated when your savings balance is climbing that slowly. One way to keep your head in the game: Sock away extra money, especially in the beginning, so you can get enthused watching that balance really climb.
One key to successful money management is to make the most of psychological tricks. This is why the Debt Snowball is so successful. It’s also why a simple way to save is to simply avoid temptation — to avoid stores where you know you’re likely to spend.
Bratch offers eleven tips to help a [...]

[read all of Sure-Fire Ways to Jump-Start Your Savings]

Women Leaders: 10 Power Tips - Leadership and Innovation - MSNBC.com
“What are the real secrets of success? Here’s what some proven winners say.”
(tags: business success advice career leadership)

Top 10 foreclosure markets | Business 2.0
(tags: housing debt)

Seth’s Blog: Where did it all go?
“More than two-thirds of recent immigrants to the USA send money home regularly…At the same time, nearly two-thirds of American households are in debt.” Thoughtful rumination.
(tags: money culture values philosophy)

[read all of links for 2006-10-27]

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