As you may have noticed, I’m running a heavy dose of guest posts for the next couple of weeks. I’m very busy at the moment (including a business trip to San Francisco and a weekend vacation to central Oregon), which makes my own writing time scarce. Meanwhile I have a ton of great guest submissions on basic financial literacy topics. April seems like a good month to share this information with you while giving me some time to catch up.
Right now, however, here are some interesting personal finance articles from around the web:
The Economist recently offered a look at how poverty passes from generation to generation. Recent research suggests that the legacy of of poverty may stem from the effects stress has on the development of the brain. Children raised in poverty don’t obtain the same mental development as those in the middle class — or the wealthy. Fascinating stuff, at least to this psychology major.
Next, I really enjoyed an article in this month’s issue of Smart Money. Reshma Kapadia writes about stock pros who survived the Depression, profiling three men who are old enough to have been actively investing during the 1930s — and who actively invest now. These men are fans of value investing, and think that today’s stock market offers a lot of opportunity. (And they don’t think our economy is anything like that of the Depression.)
Finally, Abby sent me a story from CNN about a couple who threw a party after paying off their debt. The Muldoons repaid $46,244 in credit card debt in 43 months (which is similar to my own pace of $35,000 in consumer debt in 39 months). There’s nothing profound to this story; it’s just another example of what can be done with passion and focus.
One last note: Get Rich Slowly turns three today. It couldn’t have come this far without you and your support. Thanks for the great conversations, the tips and story ideas, and the constant feedback. I look forward to sharing my financial journey with you for another three years.
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This article is about Spare Change