Daily Links: Golden Nest Egg Edition Print
Monday, 17th March 2008 (by J.D.)This article is about Spare Change
My pal David Hobby at Strobist, a great photography blog, occasionally gives assignments to his readers. For one recent project, David created a conceptual photo for me to use at Get Rich Slowly: a golden nest egg. I think this is awesome, and I’m grateful to David for having done this. I look forward to incorporating the nest egg into future GRS material.
Meanwhile, here are some personal finance stories that have attracted my attention recently:
The best personal finance article I read last week was The Honest Dollar’s explanation of price discrimination and why coupons exist. “Individuals can put different values on the same good,” writes Lily. I may be willing to pay $3 for a carton of orange juice that you’d only buy for $2. With coupons, we each get our price. This is an excellent article.
Elsewhere, No Credit Needed notes that it’s important to ask your creditors five questions when you make debt reduction payments. It’s vital to understand each company’s terms and conditions. I once sent an extra $1,000 to pay off part of a home equity loan, only to have the bank apply most of it to interest instead of principal. It felt like I was throwing my money away. (For more on this subject, check out the GRS forums.)
Finally, I liked Steve Pavlina’s recent piece on how to beat the competition, which is an excellent primer in the basics of success. How do you stand out in your field? You tackle the hard stuff. You do the things that others don’t, won’t, or can’t. If you do this — and do it well — then you will succeed.

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March 17th, 2008 at 10:42 pm
Funny.
Watched the strobist side of the thing, now I get to see the GRS side of thing…
March 18th, 2008 at 1:48 am
Love the Golden Egg - are you going to use it in your header, or is this the first and last time we’ll get to see it?
March 18th, 2008 at 2:28 am
Do the things that others don’t, won’t, or can’t will help us to dominate any businesses.
But always remember what Robert G Allen said: “do not put all of your golden eggs in a basket”
Good sharing buddy
March 18th, 2008 at 6:52 am
Jonathan — no no, this isn’t the last we’ll see of it. It may take a while to resurface, but it’ll be part of the future of GRS!
March 18th, 2008 at 7:28 am
Damn my anonymous website! I took part in the latest Strobist challenge as well. There’s only like, a billion entries, but maybe I’ll get something published on GRS sooner or later.
March 19th, 2008 at 8:12 am
The Honest Dollar’s tip about using a coupon on a first date is classic! I guess it makes me feel good because it’s similar to the first date I went on with my wife. We went to the food court of a local mall and neither of us minded the least.
March 19th, 2008 at 11:50 am
Interesting collection of articles. I found the second one very useful. It stated something that few people know thats you can pay a loan with 2 checks per month and save on the interest rate.