Tim Ferriss, author of The 4-Hour Workweek, has a new television show debuting on The History Channel tonight. “Trial by Fire” can be seen at 11pm Eastern, 10pm Central, 9pm Mountain, and 11pm Pacific. Tim writes:
The concept is simple: I have one week to attempt to learn what is usually learned over 5-20 years. I either crash and burn — or survive by the skin of my teeth — in a final test (trial by fire) each time.
This initial episode profiles his attempts to learn Japanese horseback archery, or yabusame. This is only a pilot, and in order for the series to picked up, it has to draw a lot of viewers. I know that many of you, like me, are Tim Ferriss fans. If you have a chance, I encourage you to check out the show! Here’s a YouTube preview:
Meanwhile, you folks have been sending me a lot of great personal finance stories like these:
It’s time to add another “must-read” to the collection of articles about the financial crisis. After I mentioned The New Yorker‘s Ben Bernanke article on Monday, guinness416 recommended “The End of the Wall Street Boom” by Michael Lewis. This is a great article, especially for those Peter Schiff disciples who think he’s the only one who called this crisis. Lewis profiles another man who did the same, a man who made a fortune by betting against the market.
Pam pointed me to The Frontal Cortex, a science blog by Jonah Lehrer. He has a short post about how buying with credit really does affect our brains differently than buying with cash. I’ll have to track down his past writing on the subject. Speaking of credit…
At Carrie & Danielle, guest-writer Valencia shares her top five get-out-of-debt mistakes. Three of these are spot on, but I’d argue that two of them are circumstantial. It’s not always wrong to close credit-card accounts. Yes, doing so will ding your credit score, but sometimes that’s better than deeper debt. Also, I have first-hand experience using a home-equity loan to pay off credit cards. It’s not always wrong to do so. You just have to be careful.
Finally, GRS-reader Nancy sent me a couple of entries from Mondo Fruitcake, a blog that’s, well, all about fruitcakes. (How seasonal!) In particular, she pointned to an article on the price of fruitcake in America, which argues that people are being duped! They’re buying something they’re unfamiliar with — fruitcake — at a price too high for the quality.
Note: Sorry for changing the lead-in like that. I had meant to share Tim’s new show, but forgot. It’s much more interesting than what I did with my day, anyhow.
This article is about Spare Change