Here’s another collection of personal finance links submitted from readers like you. The power of compounding is subtle and filled with nuances. In a comment on yesterday’s daily links, Wayne wrote:

One final thing to think about… say you were to borrow at 100K at 6.5% rate, and get an average annualized return of 9% over a long period of time. This will result in far greater appreciation than you had you not borrowed at all and invested 100K at a 5% rate. Compounding works in a funny way.

Wayne explores this concept more fully at his site

Elsewhere, Golb Guru asks, “Is it wise to quit your day job and depend on your website for income?” His answer, unsurprisingly, is NO. This is the same conclusion I reached in May, though Golb Guru’s answer is much more thorough than mine.

Finally, Gretchen wrote to share eight tips for how money can buy you happiness. “The secret to using money to buy happiness is to spend money in ways that support your happiness goals.”

This article is about Spare Change