Ask the Readers


If you’re new here, you may want to learn what this site is about. I encourage you to subscribe to my RSS feed. Thanks for visiting!Mitch recently wrote to me with one of the toughest reader questions I’ve seen yet. He lives a paycheck-to-paycheck existence, but will soon be coming into a lot of [...]

[read all of Ask the Readers: I’m Not Good With Money — How Should I Handle a Windfall?]

A shaky stock market makes people nervous. Naturally, they’re scared of losing money. Alex, a reader in the U.K., wrote to say that he’s finally ready to begin investing, but he’s not sure that now is the time to do so. Should he wait?

I recently switched jobs to one that pays me better (and makes [...]

[read all of Ask the Readers: Is Now a Good Time to Buy Index Funds?]

Earlier this month, I mentioned that I haven’t prepared my own taxes since 2001. I pay somebody else to do them. I did them on my own for fourteen years before they became too much for me to handle. This comment prompted several GRS readers to write for advice about finding a good accountant. Here’s [...]

[read all of Ask the Readers: Should I Prepare My Own Taxes or Go to an Accountant?]

During yesterday’s discussion about the value of a college education, several people noted that it’s difficult to decide what to study when you don’t know what you want to do with your life. This reminded me of a recent question from the Get Rich Slowly discussion forums. Shaun wants to know: How do you find [...]

[read all of Ask the Readers: How To Find Work That You Love?]

I’ve deftly managed to avoid Christmas hype so far in 2007, but that ends this weekend. We’ll pick a tree on Saturday. On Sunday I’ll start my (virtual) shopping. My family exchanges $5 gifts, and it’s always fun trying to see how far I can stretch that five bucks. (Hint: summer garage sales can yield [...]

[read all of Ask the Readers: Personal Finance Books as Gifts?]

Thrift is an essential skill for overcoming debt and building wealth. Even a billionaire like Warren Buffet preaches the virtues of pinching pennies. But can a frugal life be fun? What do you do when smart spending gets boring? That’s what Sarah wants to know:
How do you stave off frugality-induced boredom?  In the short-term, I [...]

[read all of Ask the Readers: How Do You Keep Frugality Fun and Interesting?]

Here’s a personal finance truism: if your employer offers a 401(k), be sure to take advantage of any matching funds. That’s a terrific idea, but what if doing so presents an ethical dilemma? Eric wrote looking for advice on a sticky situation:

My employer is moving our 401(k) accounts from one investment firm to another. The [...]

[read all of Ask the Readers: What to Do When Money and Ethics Clash?]

Jonathan recently wrote with a common question: How does one find a good lawyer or accountant?
I’ve heard from several sources — including The Millionaire Next Door — that wealthy people generally have an accountant and a lawyer that they trust. I’ve been asking friends and family members, but none are very confident in their recommendations. [...]

[read all of Ask the Readers: How Do I Find a Good Lawyer (or Accountant)?]

The toughest personal finance choices are those where your heart wrestles with your mind. Justin wrote because he’s found a great place to live, but it’s just on the edge of what he can afford. He wants help deciding what to do:

I’ve been renting for the past two years (and several years before that in [...]

[read all of Ask the Readers: Buy a Home, or Max Out Retirement Savings?]

Last March I shared a list of the best online high-yield savings accounts. Rates have been dropping, and I intend to post an update. Meanwhile, I’ve received a couple of questions recently about the best choices for brick-and-mortar banks. Alex wrote, “I would love to see a write-up on the best banks for regular checking [...]

[read all of Ask the Readers: Best Brick-and-Mortar Banks?]

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