>> Five things your financial advisor knows (but will never tell you) <<
Justin looks at some of the dirty secrets of financial advisors. My favorite tip is “if you don’t know anything about personal finance, then don’t hire a financial advisor”.

Clients often say to me, “I don’t know anything about money.” My first thought it often to postpone taking that client on, and then simply referring him/her to some of my favorite personal finance books at the local library. In my opinion, this client cannot fully benefit from the advice that I have to give because he/she is not yet able to communicate with me using the language of personal finance.

>> The 100th Carnival of Personal Finance <<
Madame X at My Open Wallet presents this 100th edition of the popular blog roundup, which (co-incidentally) includes 100 posts from pfbloggers around the web. Some highlights include:

• A lot of people — including me — believe that self-employment is an excellent way to make money. But Plonkee writes that starting a business will not make you rich. This entry makes some good points (though does not change my mind).
• The Frugalist provides an almost-overwhelming 147 tips to live healthier, happier, greener and better
• Shannon at Save to Quit gives five reasons to pay with cash
• At Consumerism Commentary, Flexo wonders if renting makes you richer

Get Rich Slowly will host the second anniversary edition of the Carnival of Personal Finance in a few weeks. I’m hoping to make especially useful to you, the readers.

This article is about Spare Change  Tuesday, 15th May 2007 (by J.D. Roth)