Gurus


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!Dave Ramsey changed my life.
In the fall of 2004, I had over $35,000 in consumer debt. I was making a solid middle-class salary, but I lived paycheck-to-paycheck. My money [...]

[read all of Book Review: Dave Ramsey’s The Total Money Makeover]

Vintek pointed me to a Bill Moyers interview with John Bogle, founder of The Vanguard Group and patron saint of index funds. (He’s also one of my financial heroes.) Mostly, the conversation revolves around the problems with the modern U.S. economy:

BILL MOYERS: What is the job of capitalism?
JOHN BOGLE: Well, ultimately, the job of [...]

[read all of Does the Financial Industry Subtract Value from the Economy?]

Several people forwarded a recent Reader’s Digest article about the secrets of self-made millionaires. It’s a quick and inspiring read.
“Many modern millionaires live in middle-class neighborhoods, work full-time and shop in discount stores like the rest of us,” writes author Kristyn Kusek Lewis. “What motivates them isn’t material possessions but the choices that money [...]

[read all of Five Secrets of Self-Made Millionaires]

I’ve edited this post to clarify a few things, and to add information researched by GRS readers. Thanks!
The average investor cannot beat the market on a regular basis. For her, index funds are the best investment. Even a majority of professional money managers fail to beat the market most of the time. However, there are [...]

[read all of One Man Who Beats the Market (and His Suggestions for Individual Investors)]

How often can you hear advice from the world’s greatest investor? In 1998, at the beginning of the tech bubble, Warren Buffett spoke to a group of MBA students at the University of Florida. He spent ninety minutes answering questions about his investment philosophy. Though this presentation was made almost nine years ago, his advice [...]

[read all of Questions and Answers with Warren Buffett]

Yesterday I mentioned a Money magazine article called “The Best Advice of All Time”. The web version has been posted, though it’s in the annoying “gallery” format. (It does contain links to supplemental information, though, which is cool.) Here’s a list of the “rules”, along with the quotes that author Carla Fried chose to pair [...]

[read all of 20 Great Nuggets of Personal Finance Advice]

This is a guest-post from Liz Weston, one of my favorite professional personal finance writers. You guys send me more articles from her than from any other expert. (Except maybe Ben Stein — you like him, too.)
Suze Orman set off quite a stir a few months ago in a New York Times interview. Although some [...]

[read all of Confessions of a Personal Finance Guru]

In my review of The Secret, I complained about the get rich quick mentality the book espouses. I was particularly cranky at the financial “advice” to visualize checks coming in the mail. That tip came from David Schirmer, an Australian financial “expert”. Here’s the complete passage from The Secret:
When I first understood The Secret, every [...]

[read all of Get Rich Quack: David Schirmer of The Secret]

This just in!
The Los Angeles Times web site has a blurb on many of its pages this morning announcing that personal finance columnist Kathy Kristof will be answering questions in an online chat today (Thursday, May 17th) at 1:00 pm. Pacific. (Which is 4:00pm Eastern.) You can find her in the LA Times personal finance [...]

[read all of Personal Finance Chat Today at 1pm Pacific]

Your career is one of your most important assets. After your health, it plays the largest role in determining your ability to acquire wealth. Penelope Trunk’s Brazen Careerist is a weblog filled with practical workplace advice that that can help separate you from your peers. Some of her past articles include:

How much money do [...]

[read all of Finding a Mentor: It Never Hurts to Ask]

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