Daily Links: Scott Burns and Quality Edition Print
Tuesday, 1st July 2008 (by J.D.)This article is about Spare Change
On Thursday I’ll be interviewing personal finance columnist Scott Burns. Burns may be best-known for his “Couch Potato” investment portfolio. He’s also the brains behind Asset Builder and the co-author of the new book Spend ‘Til the End, which explores the notion of “consumption smoothing”, or how to maintain a stable standard of living throughout your life. If you have you have personal finance questions you’d like for me to ask Burns, please let me know.
Meanwhile, here are a few recent personal finance articles from around the web.
First, Flexo at Consumerism Commentary believes that the idea of getting rich slowly may be a fallacy. Or does he? In “7 Ways to Lose Your Money”, he takes issue with a recent MSN article that promises seven ways to get rich a little more quickly. The problem? Flexo points out that these methods can also lead to financial ruin.
Meanwhile, Five Cent Nickel notes that cheap is not necessarily frugal. Quality may cost more initially, but in the long term, it usually pays for itself. (But don’t confuse quality with “name-brand” — they’re not necessarily the same.)
Jim at Blueprint for Financial Prosperity recently had his home’s roof replaced, and in the process learned some lessons about finding contractors. One of his tips? It’s not all about price. Kris and I have learned this lesson, too, over fifteen years of homeownership. For us, it’s more important to find quality workers than cheap workers. It’s a balance.
Finally, Love Food Hate Waste recently shared 5 sure-fire ways to save money on your food bill. The average household with children in the U.K. throws away £610 in food every year. This article offers tips for buying and storing food sensibly.

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July 1st, 2008 at 7:06 pm
that’s awesome you get to interview burns, he knows his stuff, the other articles are solid too. five cent nickel definitley has a good point. you get what you pay for
July 2nd, 2008 at 10:13 am
‘Cheap is not necessarily frugal’ off of FCN’s site is great — I wanted to comment on the same thing (high quality sandals) and realized that that’s exactly the focus of the article! I’m wearing a pair of sandals that I bought for $110 early last year… I was apprehensive at the time at spending so much money but they’re like a second skin for my feet. High quality, durable, stylish… I wear them every warm day and I can just feel that initial $110 investment turning into nickels for every day of wear. Wonderful!
July 2nd, 2008 at 10:26 am
Question for Scott Burns:
In 1999, you wrote a column saying paying off your mortgage could produce almost the same returns as the stock market with far less risk. Here’s the link:
http://www.dallasnews.com/sharedcontent/dws/bus/scottburns/columns/archives/1999/990525TU.htm
Now, almost 10 years later, do the combination of price appreciation and shelter services still give a risk-free alternative to stock market investing?
Thanks!
July 2nd, 2008 at 8:28 pm
I have a question for Scott:
In your book “Spend ‘Till The End,” which I thoroughly enjoyed, you talk about how important it is to diversify your resources, not just your portfolio. This extends into considering only TIPS in the “money” part of a person’s overall life portfolio. This is a concept I find incredibly enlightening and flying in the face of the conventional wisdom provided by financial planners who all seem to want to sell equities which, as you know (I say sarcastically) always return 12 percent a year. Please expand on ways to diversify one’s resources to live life to its fullest.
Thank you.
July 3rd, 2008 at 12:51 pm
Al and Dave, I just finished interviewing Scott Burns. I enjoyed our conversation a great deal, and we covered a wide range of topics. BUT (and you know there was a but, right?) I didn’t get to either of these questions. I apologize.
July 3rd, 2008 at 3:00 pm
Oh well! I’ll look forward to reading the interview!
Perhaps Scott can drop an answer to my question, and to Al’s mortgage question, on this comment section!