Part of the fun of Get Rich Slowly is writing about a variety of topics, basic and advanced. Though I’m an advocate of financial literacy, I’m not certain that I want to devote the entire month of April to it in the future. Instead, I’ll focus on financial literacy week perhaps, as well as sharing general information on the subject throughout the year. Just two days left and we’re back to a regular schedule around here.
Meanwhile, here are some interesting pieces from elsewhere on the web:
First up, a couple of readers pointed me to the financial planning toolkit, a free resource from CCH. This site has a financial planning guide, some financial calculators, and a variety of financial tools.
At Slate, Jennifer Reese wonders how cost effective is it to make homemade pantry staples? “Although I love to cook, I’ve always secretly, darkly, suspected it is costlier to craft at home what you can buy at [the supermarket].” She comes to the same conclusion that many GRS readers have: it’s not always cheaper to make things at home, though that’s often the case. But generally the quality is much better!
Every so often, I get e-mail from somebody who is eager to tell me the good news: there’s no law that says we have to pay income tax in the United States! While it might be nice to think so, it’s just not true. For more information, check out this great tax-protestor FAQ from Daniel B. Evans. It counters dozens of fallacious arguments. It’s your right to be upset at your income tax burden — just don’t try to pretend there are no laws that say you must pay.
Finally, here’s a story from Sweden about an eccentric man who turned empty cans into gold. Curt Degerman collected tin cans for the deposit money, visited the library to read about investing, and used these resources to build a fortune of over a million dollars — some of it in actual bars of gold!
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I like the story on making pantry staples–especially near the end where he mentioned making your own vanilla.
Even with the high price of alcohol and vanilla beans, I imagine it would still be cheaper to make your own. Stores charge insane amounts of money for vanilla extract. Any extract, for that matter.
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The people that think there is no law saying we must pay taxes should really take that what to the Supreme Court. I’m sure it will get far. Thanks for sharing that link.
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Here is a link to the Internal Revenue Service’s own explanation of frivolous tax arguments. Surely you will want to read if you plan on not paying taxes!
http://www.irs.gov/taxpros/article/0,,id=159853,00.html
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the article on turnings cans into gold is amazing…must read!
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I really loved this post! I’m all about the pantry staples….I am gathering roughly 60 recipes to make in rotation. I think I save the most money when I plan a week of meals, and buy accordingly. Now that me and my fiance are on a detailed budget we are saving roughly $150 a week on food…quite a great change, for better food!
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Love the article on the tin can millionaire. I must say I’m glad financial literacy month is nearly over. GRS has been really dull lately- I haven’t even bothered readingmost articles.
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Tin Can Curt amassed an enviable fortune ~ for someone else to enjoy. Personally, I don’t see the point in living like a pauper just so that someone else gets to waste the fortune at the track after I’m dead. Easy come, easy go! Still, an interesting story.
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I think that a whole month of educational articles is a bit too much. One of the great things about this site is the variety of topics and styles which gets reduced during a ‘theme’ month.
I would suggest for next year maybe just do 1 or 2 “financial literacy” posts per week – that way it is spread out over the whole month.
Alternatively – why do we need a designated month? Why not just do one financial literacy post every week or 2nd week for the whole year?
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If only financial literacy month could be spread out over the whole year. Getting the word out on rational behavior for one’s personal finances is such a pressing problem, unfortunately, that I think more should be written on it, not less — although I understand your perspective.
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Thanks for the article on making your own vs. buying. I really had no idea making yogurt was that easy. . . and we go through a TON of yogurt.
I may have to try that.
~EEE~
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I’ve never been sure if IRS protesters were extremely brave or extremely stupid. I’m guessing a mixture of the two.
Just because our tax code sucks doesn’t mean it’s not legal. If that was true, nothing our government does would be legal. Hmmm.
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Love the way Tin Can Curt invested the money from his cans. In our neighborhood we have the “Can Man” but he takes his proceeds every year & throws a big weekend long party for all his friends!
Either way it is turning trash into treasure!
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