Wow. What the heck got into you guys? Nearly 200 comments on the cash stash question? Amazing! I wish I could bottle that energy for future posts on topics like 401(k)s or certificates of deposit. Perhaps your response is just a reminder that the most interesting part of personal finance is the personal aspect.
Speaking of personal finance, here are a few articles you folks have sent me recently:
First, Mark Cuban (owner of the NBA’s Dallas Mavericks) has some thoughts on how to get rich. There’s some great advice here:
- “There are no shortcuts. NONE…Always remember this. If a deal is a great deal, they aren’t going to share it with you.”
- “Save your money. Save as much money as you possibly can. Every penny you can.”
- “The 2nd rule for getting rich is getting smart: Investing your time in yourself and becoming knowledgeable about the business of something you really love to do.
- “This is not a short term project. We aren’t talking days. We aren’t talking months. We are talking years.”
Cuban frowns on a “buy and hold” approach to the stock market (I disagree), and he’s big on certificates of deposit. I think each has its place, and plan to cover both next week.
Meanwhile, here’s an article from last fall that says giving makes your rich. “Emerging evidence—crunchy statistics from real data, not the mushy self-help stuff—supports the contention that giving stimulates prosperity, for both individuals and nations. Charity, it appears, can really make you rich.” Interesting stuff. (And, again, look for more on this subject next week.)
Next, here’s a lecture from Professor Elizabeth Warren on the coming collapse of the middle class. I haven’t watched this whole thing yet (though I will later in the weekend), but I’ve read through some of the comments — it’s a fascinating discussion. I’d be curious to hear what you folks think of Warren’s talk.
Finally, Blunt Money is looking for volunteers to participate in her Friday Inspiration interview series. Go take a look at past interviews, and if you’d like to participate, drop her a line.
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This article is about Spare Change