Here’s a roundup of recent articles from around the Money Blog Network (and beyond).
Ramit at I Will Teach You to Be Rich has the post of the week, writing about an annoying e-mail he got. One of his readers wrote:
This is nothing personal against you, because every personal finance author I’ve read says the same thing, but your advice is not for real people like me. The “spend less, save more” theory is great for singles or young married couples with no kids … but I need some other strategies to help me get my finances in order.
Folks, all personal finance stems from this fundamental skill: spend less than you earn. It’s simple, but it is not easy. Why not? Because money is more about mind than it is about math.
Speaking of which, JLP wonders is personal finance really 80% behavior and 20% head knowledge? Dave Ramsey often makes this claim, but does it have merit? (I think it’s silly to assign specific numbers to this, but I agree with the basic principle.)
Jim at Blueprint for Financial Properity argues that you should never pay banking fees ever. Looking at one of my past posts, he points out that by staying with my bank instead of moving to a credit union, I paid $1728 in monthly account fees over eighteen years. Doesn’t sound like much, but combine that with the other fees I paid, and the money adds up! There are plenty of no-fee accounts out there to be had.
For the past several years, I’ve tried to buy into the Getting Things Done philosophy. I’ve tried a lot of things, but few have worked. I just have abstract random mind. Maybe a highly-productive workspace is not for me. It’s not for Flexo, either, who argues that the distraction-free workplace is the past to an unfulfilled life.
Here are some other article from around the Money Blog Network:
- No Credit Needed describes how he purchased a mini-van without borrowing any money. Great work, NCN!
- Free Money Finance notes that one way to get rich is to do something nobody else wants to do. Clean sewage, collect garbage, repair computers. Pick dull-normal jobs with high demand but few interested works, and you can earn a large salary.
- Nickel wonders: Does a busy schedule save money or waste it?
- The Mighty Bargain Hunter has a list of eight ways to invest in yourself, ways to boost your income and to increase your personal value. I like this list.
Finally, Andrea Dickson from Wise Bread recently
interviewed me via e-mail. If you’d like more background about Get Rich Slowly and my motivations for starting the site, this is a good place to start.
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This article is about Spare Change