Just a reminder that the 2011 Get Rich Slowly Video Contest is under way. As last year, entries have begun to trickle in. If 2010 is any indication, these will turn into a torrent by the time the contest ends on April 15th. But you’ll make my life easier — and yours! — if you submit your videos sooner.
Make an awesome two-minute video, and you could win $500. How cool is that?
Mine isn’t the only contest going on. Elsewhere, Couple Money is giving away a netbook in their Financial Freedom Giveaway. The contest runs until Thursday.
Enough about contests. Here are some recent personal-finance stories from around the web:
Last weekend, American Public Media’s Marketplace Money did a special report on Money Through the Ages, which explored how money issues change throughout our lives. I was honored to be asked to write the segment about forty-somethings. It’s tough to distill a decade of money management into 350 words, but I did my best. Here are all of the segments from the series:
- To take or not to take on college debt?
- The financial lives of the “Boomerang Generation”
- Waking up to financial realities in your 30s
- The financial challenges gay couples face (This segment is applicable to all non-married couples, not just same-sex couples.)
- The financially fabulous 40s (This is my piece, though not my title.)
- Looking to the financial future in your 50s
- A big money decision before retirement
- What to do when you haven’t saved enough for your 70s
- Financial planning to live ’til 95 and beyond
I’d actually love to do a similar series here at Get Rich Slowly. I think a lot of us have questions about what finances are like at different stages of life. The real trouble is that it’s tough to generalize. When I was writing about finances in your forties for Marketplace, I kept running into that problem. Sure, I’m doing fine, and so are many of my friends, but there are plenty of people who aren’t. We’re all in different places. I think this could make a fascinating project.
Elsewhere, in a January episode of Radio Times, Wall Street Journal columnist Robert Frank and psychologist Ted Klontz attempted to answer the question what — and who — is rich? Does having a certain income — over $100,000 a year, say, or over $250,000 — make you rich? Or does “rich” mean you have a high net worth? Or does it mean something else entirely? It’s an interesting discussion.
I actually meant to do an entire post on that “what is rich?” piece, but I never found the time. I’d also like to do a full post on this next article, but again — I haven’t the time. At the New York Times Bucks Blog, Jennifer Saranow Schultz writes about a creative strategy for finding the perfect home: “Create and print out fliers with your specific home requirements and contact information and pass them out in your target neighborhood…Then, you wait for the owners with places to sell or rent to contact you.” Clever!
Finally, Philip Taylor at PT Money has a list of 10 things you can do today to spend more wisely. I usually hate articles built around numbered lists, but this one’s actually on the money. In fact, I like it quite a bit. PT suggests starting by listing the things you value and the things that cause you to make poor financial choices. From there, review your spending habits, and come up with ways to make smarter choices in the future.
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