It looks as if today will be a record day for traffic at Get Rich Slowly! The current record is 48,244 visitors on 31 July 2007 (while we were on our trip to London and New York). 08 January 2008 is a close second with 47,749 visitors. At only 1:30 this afternoon, we’ve already had 42,673 people swing by! (Most of them are coming from this Laura Rowley article to my list of alternatives to Microsoft Money.)
It’s actually been a great week here: high-quality articles, excellent (and plentiful comments), and high traffic. It feels good to see things humming along like this even while I’m absorbed in my book project. Thanks, everyone, for contributing to the conversation. There’s still a chance (a slim one, but a chance) that this will be a record week. From January 4th to January 10th this year, 215,977 people visited the site. So far this week, 176,612 folks have stopped by.
Enough stats geekery! Here’s a round-up of some of the best personal finance articles I’ve read recently:
First, Kevin at No-Debt Plan has an excellent article on how knowing experts could save or make you money. He argues that the larger and more diverse your social network, the more better off your finances are likely to be. I agree 100%. This won’t always be true, of course. But from my experience, the people with the widest social networks (not smarmy networks, but actual networks) have access to all sorts of knowledge and expertise that others don’t. This is a great post.
In one of the best examples of how money is about so much more than math, Lazy Man writes about the wedding that wasn’t. He flew from California to Florida to attend a friends wedding. On the day of the event, the bride’s grandfather died. The wedding was cancelled, despite the enormous costs already incurred. Was this the right decision? The entire article contains much more detail and color, and is a perfect illustration of how financial decisions aren’t all about logic.
MLR at My Life ROI answers the question, “How much do the wealthy really pay in taxes?” He writes that he hears constantly how the wealthiest Americans are being crushed by an incredible tax burden, but the numbers imply don’t bear this out. MLR argues that taxes in this country are essentially flat (except for the lowest income earners). For more on this topic, see my recent article exploring the truth about taxes.
At The Wall Street Journal, Jason Zweig notes that the drought of credit is hampering economic recovery. Consumers are borrowing less and spending less. But the real reason I’m highlighting this article is because I played “matchmaker” to help its production. Zweig contacted me looking for somebody who had used a home-equity loan to finance “fun”. As it happened, I had just spoken with my carpenter about this very thing, so I was able to put the two in touch with each other. (By the way, if you live in Portland and need a good carpenter, I can hook you up!)
Finally, here’s a round-up of this week’s personal finance carnivals:
- JLP at All Financial Matters (one of my favorite personal-finance blogs) played host to the Carnival of Personal Finance #226.
- Stretch Your Dollar hosted Best of Money Carnival #20.
- The Festival of Frugality #199 was held at Yes, I Am Cheap.
- Credit Card Offers IQ featured the Money Hacks Carnival #86.
- And My Journey to Millions rounded up the Carnival of Money Stories #23.
Have a great weekend, everyone! Mine will be filled with food, family, and friends. We have book group on Sunday, will see Kris’ aunt and uncle tonight, and tomorrow we’re going to a dinner party. (And sometime in there, I need to finish chapter three of The Book and write an article for Monday.)
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Thanks for the link JD!
As you readers click on over to my site, make sure to check out the supporting documentation.
A lot of times (and I think that was in the case in JD’s article) people look at just the federal income tax and view that as “tax burden.” That data alone shows what everyone expects: a progressive tax.
However, the documentation I used as a resource tried to encompass total tax burden by adding federal income tax + capital gains tax + payroll tax + state income tax + property tax + sales tax, etc.
I hope to get some constructive feedback!
Thanks
MLR
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Your record traffic level is from when you weren’t even around? Kind of funny, why is that?
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Congratulations GetRichSlowly! I’ve enjoyed the staff writers as well, and with your involvement in comments and comments in posts, it still feels like you’re around. I love the discourse that takes place at this site and enjoy seeing all the different perspectives. Good to see the site is enjoying success from the hard work of many people – it’s truly motivating.
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The article “the wedding that wasn’t” is a very interesting read.
Years ago my aunt’s soon-to-be husband John lost his father two days before his wedding. His father’s wishes were that he marry the woman he loved, and move on with life. He had told him this before he passed. The wedding was a Catholic and Jewish wedding… One of the best I have ever attended. Throughout the wedding there was a magical balance of grief and happiness.
That said, I want everyone to consider this. A friend of mine once told me, if someone truly loves you, they want what is best for you no matter what the cost or sacrifice. I think a deceased family member or friend would be horrified at the idea of their beloved family wasting a wedding on mourning if it had been mentioned before death.
It’s sad to hear an event that would be so happily celebrated such as a wedding would be overshadowed by an event as disheartening as a funeral.
I wish the best of luck to your friend, and hope she doesn’t look back with remorse in the future.
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I’m impressed JD with the churning out of the great continuous content and the traffic. I hit a relatively meager milestone myself yesterday afternoon with my visitors clicking past 1,000,000 on my simple static 32 Keys booklet. No comparison as it took 10 years but feels good. – Nice going!
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Great news JD. I hope you’re not correlating the success to your absence!
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Super news, great stats!
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Just like your previous high in traffic was when you weren’t around, I’m afraid the new traffic high is at a time when your site has grown stagnant. I feel the quality of the posts on your blog has gone down due to the increased blog posts by guest/staff writers. Your blog was my favorite financial blog, now I’m sad to say I probably like The Simple Dollar more.
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“…that the drought of credit is hampering economic recovery. Consumers are borrowing less and spending less.”
Money magazine this month has a short graphic about why there hasn’t been rampant inflation yet and the basic factors holding things steady seem to be that banks aren’t lending at the same time people aren’t spending. (high unemployment also adds to this) So maybe its a good thing that banks aren’t lending?
Inflation is a subject that confuses me and the media scares us about it all the time, so any info about how to predict “rampant” inflation would be helpful.
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Congrats on the ridiculously high stat traffic, and thanks for linking to my article.
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Thanks for mentioning my carnival post and sending over some much needed traffic!
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Ah, so close to getting mentioned on GRS given MLR’s post was inspired by my flat tax post. Yet, so far.
Congrats on the record amount of visitors. Sweet!
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