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Career & Education


  • Creative Ways To Reduce Student-Loan Debt (3 comments)

    Each time tuition rises, students become more dependent upon loan programs to pay for school. But the long-term consequences of those decisions means students and graduates will spend years working to get rid of the financial strain associated with student-loan debt.  Time.com put it best: “This year, more than two-thirds of college graduates graduated with debt, and their average debt at graduation was about $35,000, tripling in two decades.” Your game plan to reduce student-loan…

  • Layoff: Catastrophe or Opportunity? (18 comments)

    At the age of 50, I was laid off. It was a Thursday morning in August of 2013 and it came on a conference call along with hundreds of co-workers. I had been working in one way or another since the age of 13 — babysitting, apple picking, camp counselor, journalist. It was the first time I had ever been involuntarily out of work. Did I mention it happened while I was technically on vacation?…

  • Gap Year Programs: Where do you Stand? (6 comments)

    “Gap years” are nothing new, but it was still pretty surprising when the most watched college decider in the nation – Malia Obama – elected to defer her entrance to Harvard University. My immediate reaction as the mother of a high school freshman was…pretty impressed. It’s never an easy decision to go against the grain of expectations and most 17- or 18-year-old’s reaction to a Harvard acceptance letter would be so long folks, hello Cambridge….

  • Performance reviews and asking for a raise (25 comments)
    This article is by GRS contributor Richard Barrington.

    More and more, companies are dispensing with traditional annual employee reviews. They say this is out of sensitivity to a new generation of employees who find reviews stressful. The real reason may be that dispensing with employee reviews saves companies money — albeit at the expense of their employees. Microsoft and Dell are among the high-profile companies that have made news recently by dumping annual employee…

  • 4 things to do before you ask for a raise (12 comments)
    This article is by staff writer Honey Smith.

    It’s the most wonderful time of the year — no, not the holidays — performance-review season at work! Now is when many employers evaluate their employees’ contributions to the organization’s mission and bottom line, and then make decisions about raises, bonuses, and promotions accordingly. So it’s a great time to ask for a raise. But if you aren’t able to make a good case for yourself,…

  • What are Pay as you Earn (REPAYE) Student Loans? (10 comments)

    [This is the second installment in a series examining repaying student loans. Part I was a best practices guide for repaying student loans.]

    This article is by staff writer Honey Smith.

    Pay As You Earn (PAYE) was introduced in December 2012 and has been widely touted as one of the best options for those struggling to pay back their student loans. Why is this? PAYE is an income-driven payment plan for federal student loans…

  • What is an Apprenticeship? (8 comments)
    This article is by staff writer Honey Smith.

    Given that student loan debt in the U.S. tops $1.2 trillion and the average graduate owed over $30,000 in 2015, it’s no surprise topics like how to start paying student loans are necessary. However, if you’re still in school or are still saving for college (or you have kids or grandkids in that category), there’s an option for reducing or eliminating the amount of student loans…

  • Best side jobs for extra cash (17 comments)

    Who doesn’t want a little extra money each month? The best side jobs or “side hustles” are popular ways to earn cash quickly, but it’s also a fact of everyday life for many Americans now. According to the most recent data from the Bureau of Labor Statistics, 6.1 million U.S. workers are “involuntary part-time workers” or those who would prefer full-time employment but can’t because their hours have been cut or they can’t find full-time…

  • Are you planning to retire to another job? (25 comments)
    This article is by editor Linda Vergon.

    People are living longer, healthier lives. Consequently, they need more income to cover a longer life span than initially expected. That may be what’s fueling an interest among boomers to continue working after retirement instead of pursuing a life of leisure. But it could also be that boomers just like to work. A recent AARP survey determined that 37 percent of nearly 5,000 workers age 50 to…

  • 7 sure-fire strategies to win college scholarships (26 comments)

    This is a guest post by Lynnette Khalfani-Cox. How much can hard work in school and when applying for scholarships reduce the overall costs of getting a college degree? Well, in our family’s experience, it’s amounted to nearly $150,000 so far. (I say that because we have two more children to put through college.) Hard work over the years brought choices Our oldest, Aziza, is a high-achieving, ambitious student. She plans to graduate in four…

  • How to optimize your resume for employment gaps (18 comments)
    This article is by staff writer Lisa Aberle.

    Are you currently taking a hiatus from paid employment? Maybe you want to stay home with your kids until they’re in school. Maybe you haven’t been able to find another job after a layoff. Maybe you had some savings and took a mini-retirement. Or maybe you just wanted a break. Self-imposed or not, taking a break from the paycheck can be scary. You know what I…

  • How to start paying student loans – best practices guide (18 comments)

    [This is the first installment in a series examining repaying student loans. Part II will discuss an alternative payment plan, Revised Pay As You Earn or REPAYE.] As someone who started off her debt reduction journey on Get Rich Slowly with some pretty astronomical student loan debt, I’ve learned the hard way about the repayment process. And with school starting up again and many feeling tempted to borrow, I wanted to share some of that…

  • Hourly vs. Salary: Which is Better? (172 comments)

    I had a conversation with a friend, we’ll call him Joel, who had two job offers. One was a low-stress 9-to-5 gig, but paid $10,000 less than the other offer, which would require longer hours and greater responsibility. He didn’t like a lot of things about the higher paying position, but he accepted the offer because it was more in line with the salary at his last job. In the months that followed, he was…

  • Strategies for an affordable college education (53 comments)

    As you gaze at your newborn or newly adopted son or daughter, one of these thoughts may run through your head: “Will I be able to afford to put you through school?” “Am I required to put you through school?“ “Right now it’s all I can do to pay for Pampers and child care. I’ll worry about college later.” Time has a way of sneaking up on us. Seemingly overnight, that gurgling infant morphs into…

  • Balancing expectations for bonus-and-raise season (17 comments)
    This article is by staff writer Megan Wells.

    Everyone’s inner-optimist is a loud-mouth. “Yes, you deserve a gigantic increase in pay.” It’s that time of year when you hear about your bonus and raise. “You’re obviously going to get it. So go ahead. Start fantasizing about it!” That’s just what we do. We see dollar signs and start day-dreaming about what we can do with that extra amount of money. “Which savings account should…

  • Ready to declare financial independence? (35 comments)
    This article is by staff writer Lisa Aberle.

    When will you declare your independence? Your financial independence, that is. What is financial independence? Ah, financial independence — the freedom to work only if and when you want to (because you no longer need the paycheck you earn from your job). Even typing the word “freedom” makes me sit up a little straighter. I am sure you can think of amazing things to do when…

  • The good side of quitting (24 comments)
    This article is by staff writer Richard Barrington.

    Does quitting have a bad rap? When it comes to the job market, quitting is happening more these days than at any time in the past several years. We tend to associate quitting with giving up or giving in, so you may be surprised to learn that economists are very happy when people quit. This might be a good time to consider why economists like it…

  • How to minimize your grad school debt (27 comments)
    This article is by staff writer Honey Smith.

    If you or a loved one will be headed to graduate school this fall, chances are you are worried about more than dorm survival. Instead, you may be wondering how to avoid six-digit student loan debt. It’s a valid fear — no one wants to end up where I started. Fortunately, there are ways to earn a graduate degree while avoiding financial catastrophe. Using myself as…

  • The tax mistake that could hurt you now or next year (16 comments)
    This article is by staff writer Suba Iyer.

    Presumably, it has been a little more than a month since you submitted your tax return for 2014. Did you end up owing the IRS or did you get a refund? There are plenty of personal finance articles that discuss the pros and cons for each of these situations. So we will skip those discussions and go right to the point: Are you happy with your…

  • How to homeschool on one income (9 comments)
    This article is by staff writer Lisa Aberle.

    When I wrote about the pros and cons of homeschooling recently, I left one major piece of the puzzle untouched: How does a family handle the loss of income if a stay-at-home parent is required? It’s not just the loss of monthly income. The parent who stays at home doing the bulk of the educating is also missing out on some other benefits of employment (employer…

  • Ask the Readers: How are you leveraging personal relationships? (8 comments)
    This article is by staff writer Honey Smith.

    I recently started a new job; and while I didn’t know anyone at the company prior to applying, that doesn’t mean that everything was one giant coincidence. A few years ago, one of my grad school friends mentioned that he was doing freelance SEO (search engine optimization) work for attorneys. Curious, I asked him to teach me. His response was to conference me in on a…

  • Pros and cons of homeschooling (74 comments)
    This article is by staff writer Lisa Aberle.

    What if the average cost to educate a child was over $5,000 but you could drop it to just over $500 per child? According to a really old (1997) report on homeschooling, you could do just that by taking your child out of public school and schooling them at home. Last winter, after several days off school with bitter-cold temperatures, coupled with a few serious cases…

  • 10 tips for when you can’t find a job (19 comments)
    This article is by staff writer Honey Smith.

    For the last few months, I’ve been talking about various aspects of job-hunting. But what do you do if you can’t find a job? OK, you can start with cutting your budget to the bone and applying for public assistance programs if you are eligible. But what next? Well, as with many things, the short answer is: It depends. On what, you may ask? Here’s what…

  • Should I get a part-time job in college? (34 comments)
    This article is by staff writer Honey Smith.

    Short answer? Yes. But that wasn’t very interesting, now was it? So let’s weigh the options for working while in school to get a better understanding of why you should consider it. Working as a way to pay for school There are lots of stories about people working their way through school. Unfortunately, it is becoming less common in some quarters, but perhaps the biggest reason…

  • Flexibility can help you reinvent your career (22 comments)
    This article is by staff writer Honey Smith.

    I’ve talked about graduate school before, but mostly in terms of how my decision got me deep into student loan debt. I’ve talked less about that decision in terms of its impact on my career. For a long time, I thought my career path was clear. I started working at a writing center as an undergraduate and stayed there for four years. I adored what I did;…

  • How to turn down a job offer (or resign) gracefully (18 comments)
    This article is by staff writer Honey Smith.

    So, you’ve done it. You’ve considered all the costs of a new job, networked your heart out, and considered all aspects of your job offer. Now you are facing one of two outcomes: Pull the trigger! Take the new job. Not good enough! For whatever reason, you’ve decided to decline the offer. Either way, someone is going to be on the receiving end of some bad news….

  • Honey Progress Report: 2014 wrap-up and 2015 goals (48 comments)
    This article is by staff writer Honey Smith.

    The new year is a time to look forward; but in order to do that, you need to know where you’ve been. Before I set my goals for 2015, I wanted to make sure I didn’t miss anything that happened last year. Updated reckoning for me in chart form: 2012-present Please note that I have consolidated some separate accounts of the same type into one category…

  • What else to consider when accepting a job offer (22 comments)
    This article is by staff writer Honey Smith.

    Let’s say that you and your prospective employer come to a satisfactory arrangement and you accept a new position. Surely you can loosen the purse strings a bit and relax now, right? Well, maybe. Sometimes promises and expectations don’t align with reality. While this can sometimes occur because a company is deceptive, other times this happens because everyone — both employer and potential employee — are…

  • What does it cost to commute? (47 comments)
    This article is by staff writer Honey Smith.

    In recent posts exploring job searches and the cost of jobs in general, the subject of commute came up in a number of the comments. Readers pointed out that a commute makes a huge difference in whether a job is desirable or not because it has a significant impact on quality of life. I couldn’t agree more. When Jake and I were looking to buy a…

  • Consider more than salary when evaluating a job offer (37 comments)
    This article is by staff writer Honey Smith.

    Once you have been offered a new job, you might assume the process is at an end. But is it really? Not all jobs are created equal, and the goal in getting a new job is (typically) to improve your situation. So job offers must be evaluated carefully to ensure that your goals, personal finance and otherwise, are being served. Salary considerations The standard advice when…

  • How to curate your social media presence when job-hunting (16 comments)

    This post is by staff writer Honey Smith. Recently, I’ve been posting on job-related topics like networking strategies and job tenure. Because my current position entails working with college students, I’ve been asked on numerous occasions to talk to various undergraduate groups about getting into graduate school. In fact, I’m giving one such presentation next week. Many of the things I cover in such presentations are also broadly applicable to any situation where you are competing…

  • What can we learn from Gen Y’s view of money? (25 comments)

    This article is by staff writer Kristin Wong. Recently, Fidelity released another survey about millennials and money. They found that 47 percent of us are saving for retirement. To me, that stat was really telling about our generation’s view of personal finance, and it’s not unlike other findings. When TIME wrote about the survey, they reported: “Transamerica Center for Retirement Studies found that 71% of millennials eligible for a 401(k) plan participate and that 70% of…

  • What does your job tenure say about you? (26 comments)

    This article is by staff writer Honey Smith. Recently, I wrote about networking strategies that can help advance your career, and that got me to wondering what a “typical” career looks like these days. How have careers been affected by the Great Recession? Are people able to stay in a job and retire if they love it, or is the job market more chaotic than that? And what does it say about you either way? For…

  • Networking strategies can help you overcome the fear of trying to advance your career (15 comments)

    This post is by staff writer Honey Smith. I’ve written about the power of personal networks before. Unfortunately, lots of people find networking intimidating for a variety of reasons. Certainly, I used to! For me, breaking networking down into a system that I can follow helps me overcome nervousness and network effectively. Here are the two main networking strategies that I use. Networking via “keeping it warm” What it is: Keeping it warm is a pretty…

  • What’s Wrong with Consumerism and Materialism? Lots (88 comments)

    Earlier this year, I started volunteering at my local library for a couple of hours a week. I’m a big fan of libraries, and I wanted to find a way to give back. And for some odd reason, I felt compelled to do something good. I couldn’t really pinpoint why, so I chalked it up to getting older. At the library, one of my duties is to make sure one of the weekly programs doesn’t go…

  • The 9-to-5 job: Challenging how we earn a living (42 comments)

    This article is by staff writer Kristin Wong. (This is Part III in a series about challenging traditional measures of financial success. Part I was The “Ivory Tower”: Reconsidering the college investment. Part II was Challenging traditional measures of financial success: Homeownership.) It was the first semester of my first year of college. My friend and I were driving around our small town, looking for something to eat. But we didn’t have much money, so our…

  • Why I voluntarily slashed my salary (77 comments)

    This is a guest post from former GRS staff writer Donna Freedman. She is currently a staff writer at Money Talks News, freelances for a number of magazines and PF sites, and blogs about money and midlife at DonnaFreedman.com. In January 2007, I wrote an article about being recently divorced, helping to support a disabled adult child and working toward a university degree in my late 40s. “Surviving (and thriving) on $12,000 a year” went…

  • My unconventional plans to pay for my daughter’s college education (42 comments)

    This article is by staff writer Holly Johnson. I just sat down to write this post a moment ago and literally stared at the screen for twenty minutes. I’m still ready to bolt out the door at a second’s notice, if needed, and the tears won’t stop rolling down my face. But thankfully, these are good tears. My mother told me I might feel this way on my daughter’s first day of kindergarten. Like it…

  • Preventing failure before it is an option (29 comments)

    This article is by staff writer Lisa Aberle. When I wrote an article about poverty, I wasn’t sure where Brandon and Leah, the two people I shared about, would be in the next few months. I needn’t have wondered. Turns out, nothing has changed. Despite receiving money from various people for rent, access to free babysitting, and bags of groceries, the last few months have been peppered with evictions, arrests, jail, and now prison. Unfortunately, I…

  • What to consider before you invest in a college education (27 comments)

    This post is by staff writer Honey Smith. I’ve spent the last 15 years of my life working at three universities, wearing many different hats during that time. As you can imagine, this means that I’ve developed an opinion or two when it comes to higher education! Based on what I’ve experienced (and what I’ve seen other people go through), one of the most difficult things for people is matching a degree program to their…

  • The “Ivory Tower”: Reconsidering the college investment (62 comments)

    This article is by staff writer Kristin Wong. (This is Part I in a series about challenging traditional measures of financial success. Part II is Challenging traditional measures of financial success: Homeownership. Part III is The 9-to-5 job: Challenging how we earn a living.) Not going to college was never really an option for me. “Don’t even joke about that,” my mom once said when I brought up the idea as a teenager. My parents…

  • Why you must teach your children about money (52 comments)

    Former GRS staff writer Donna Freedman has been researching the importance of teaching children about money, and she asked if she could share some things she’s learned. This is the first of two articles on the subject. Donna writes for Money Talks News and blogs about money and midlife at DonnaFreedman.com. While researching a magazine article on “raising money-smart kids,” I felt sorry for parents and terribly worried about their children. (Also greatly relieved that…

  • Student loan debt: Learning to save yourself (116 comments)

    This article is by staff writer Holly Johnson. In late 2008, Lance Cothern reunited with his high school girlfriend Tori after several years apart. Lance was almost ready to earn a bachelor’s degree in accounting, and Tori was a sophomore studying nursing at a four-year public university at the time. After a few years of dating, the conversations turned serious and they started planning a future together. Unfortunately, unbeknownst to either of them, Tori had…

  • Student loan update: Interest rate edition (62 comments)

    This post is by staff writer Honey Smith. In my last progress report, I mentioned that I took my student loans off Kwik-pay (autodebit) until after closing on my house. The thinking was that I’d have the money just in case things didn’t go smoothly with the house and move. Originally, I thought I’d re-enable the automatic payments after closing. Then I realized that if I kept my student loans on manual payments, I wouldn’t be…

  • Teaching life skills to your children (22 comments)

    This article is by staff writer Lisa Aberle. While I’ve tackled many kid-centered topics, like how to save on kids’ clothes, should you buy your kid a car, or pay for your child’s college, you know what is really important to me? Helping them learn to be responsible and self-sufficient, so they don’t need me (except for moral support, of course). So while I often hear that I am a mean mom, and no other kids have to…

  • Honey progress report: Big change edition (21 comments)

    This post is by staff writer Honey Smith. Well, the last couple of months have been a pretty wild ride in The Honeycomb. We moved out of our old place and concluded our experience with Cash for Keys, we bought a house and moved, and I am experimenting with a new student loan payoff strategy. Let’s explore each of these big changes a bit further, shall we? Big change 1: The culmination of “Cash for…

  • Taking the Chairman’s Flight and other career-limiting moves to avoid (114 comments)

    This article is by staff writer Sam. Sam spent 13 years working in Equities on Wall Street and discusses financial independence strategies on Financial Samurai. Sam is also the founder of the Yakezie Network, the largest personal finance blog network on the web. Working on Wall Street was tough. I felt like I was constantly being hazed by anybody senior to me. “Sam, go get me some coffee.” “Sam, I ordered a double macchiato with…

  • Book review: “Eventual Millionaire” (15 comments)

    This article is by staff writer Honey Smith. There are many personal finance books and tools out there that are useful to people in all stages of personal finance. I have a lot to learn before reaching financial independence, and the editorial elves thought it would be helpful if I shared some of what I learn with you. My recent reviews include “Personal Finance for Dummies, Fifth edition,” by Eric Tyson, MBA. This week, I’m…

  • Get Rich Slowly: The Course (27 comments)

    This article is from J.D. Roth, who founded Get Rich Slowly in 2006. J.D.’s non-financial writing can be found at More Than Money. Here it is, 2:22 on a Tuesday afternoon. I’ve been up for more than 48 hours straight with only brief naps snatched here and there. I’m exhausted — but I’m happy. What’s the deal? Am I a proud new papa? Well, as most of you are aware by now, I am a…

  • My year-long quest to create a guide to mastering money (25 comments)

    Note: This article is from J.D. Roth, who founded Get Rich Slowly in 2006. J.D.’s non-financial writing can be found at More Than Money, where he recently wrote about how to be happy. “How would you like to write an Unconventional Guide?” my friend Chris Guillebeau asked me last spring. As long-time readers know, I’ve joined Chris to travel across the U.S. by train, travel across Norway by train, and produce the first three editions…

  • What’s the value of work-life balance? (54 comments)

    This article is by staff writer Honey Smith. I was really struck by Kristin Wong’s recent article “Overwork and the illusion of a ‘high-paying’ job.” It’s not something that I’ve had to deal with personally, though I’ve seen people close to me wrestle with it. As an attorney, Jake makes a six-figure salary at his new job, but probably works 80+ hours in a week. While this is undoubtedly tough (on his health, on his…

  • Overwork and the illusion of a “high-paying” job (68 comments)

    This article is by staff writer Kristin Wong. I recently read a short article in The New Yorker titled “The Cult of Overwork.” In it, James Surowiecki writes: “For decades, junior bankers and Wall Street firms had an unspoken pact: in exchange for reasonably high-paying jobs and a shot at obscene wealth, young analysts agreed to work fifteen hours a day, and forgo anything resembling a normal life.” Reading that, I had a thought. If you’re…

  • Finding the road out of poverty (148 comments)

    This article is by staff writer Lisa Aberle. Until I reached my early 20s, I believed that my childhood had fewer financial advantages than the average childhood. Once I gained more life experience, I saw that my family hadn’t been as poor as I thought we were. That doesn’t mean we weren’t poor, though. We wore hand-me-downs, didn’t go on vacations much, qualified for reduced school lunches, things like that. But we were “poor with…

  • A case for “hard work pays off” (42 comments)

    This article is by staff writer Kristin Wong. Over the weekend, a friend of mine came to visit. She’s a career counselor and, while I wasn’t looking for free advice, the conversation naturally turned to my job hunt. “How’s it going?” she asked. “It’s bleak,” I complained. “Oh, I know.” She told me about clients she’s worked with who went on second and third interviews. Those clients were sure they got the job. Then they…

  • Phishing, vishing, and SMShing (28 comments)

    This article is by staff writer Holly Johnson. A few days before Christmas, I was having lunch out when I opened an email that appeared to come from American Express: “Please click this link to authorize a recent charge on your account.” “Well, that’s weird,” I thought. I hadn’t used my American Express card in several months. I was stunned as I read the rest of the email. They wanted me to confirm a purchase…

  • #StudentLoanDebt is trending (91 comments)

    This article is by staff writer Honey Smith. Since I have over $92,000 in student loan debt myself at last count, perhaps I’m just finely attuned to news coverage on this issue. However, my very unscientific observation is that there have been quite a few articles on student loan debt in the news lately, particularly graduate school and Ph.D. debt. And I think that devoting more attention to this issue is definitely a good thing. What’s…

  • Big wins: The quickest way to wealth (106 comments)

    Note: This article is from J.D. Roth, who founded Get Rich Slowly in 2006. J.D.’s non-financial writing can be found at More Than Money, where he recently wrote about the difference between tenacity and talent. There’s a divide in the world of personal finance. On one side are the folks who offer advice for scrimping and saving your way to financial success. On the other are the experts who scoff at frugality and champion big…

  • Understanding the IPO process (17 comments)

    This article is by staff writer Sam. Sam spent 13 years working in Equities on Wall Street and discusses financial independence strategies on Financial Samurai. Sam is also the founder of the Yakezie Network, the largest personal finance blog network on the web. So you missed out on Twitter’s meteoric first-day rise because the stock gapped up to $45 from the initial public offering price of $26 and you couldn’t get in. With a market…

  • Ask the Readers: How do you handle irregular income? (40 comments)

    This article is by staff writer April Dykman. Those of you who have read GRS for a while know that when I started writing here more than four years ago, I was gainfully employed as a writer-editor-project-manager type. I had a steady paycheck, and every two weeks, I knew exactly how much money would magically appear in my checking account. Two years later, I gave up that predictable paycheck to pursue life working on my own…

  • Student loans: Lessons learned, choosing a major, and overcoming regrets (113 comments)

    This article is by staff writer Holly Johnson. In 2009, Kasey O. graduated college with a Bachelor’s of Fine Arts in Media Arts & Animation. With the support of her family, friends, school guidance counselors, and high school teachers, she had finally earned a college degree in a field that fulfilled her passion. Kasey was proud, hopeful, and ready to begin her dream career. But unfortunately for Kasey, things weren’t exactly what they seemed. What Kasey didn’t…

  • Reader Stories: On money and happiness (45 comments)

    This reader story is from a longtime GRS reader Sumitha, who blogs at afineparent.com. Some reader stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want to submit your own reader story? Here’s how. Ever miss the good ol’ days when life seemed so much simpler? When happiness was a lot easier to access and contentment seemed…

  • Ask the Readers: Should you move for work? (37 comments)

    These days, if you’ve got work, you’re among the lucky. And not to be picky, but the sad fact is that even if you have work, there’s a real chance you may be “under-employed” – where you either can’t get enough hours to meet your expenses or the jobs that are available to you are far below your abilities. There are a lot of situations out there: from the long-term unemployed to those who keep…

  • Ask The Reader: What is the best way to save for college? (56 comments)

    No doubt you’re aware of the debt burden facing students upon graduation these days. According to the Consumer Financial Protection Bureau, the outstanding student loan debt in the US now exceeds $1 trillion. For the 2015 academic year, undergraduates will be borrowing at 3.86 percent for subsidized and unsubsidized loans, but the rates go up to 5.41 percent for graduate students and 6.41 percent for parents who borrow to pay for their child’s college education….

  • Changing careers: The grass isn’t always greener (76 comments)

    This post is by staff writer Holly Johnson. Earlier this year, my husband and I made a decision that will change the course of our lives, for better or for worse. After 10 years in the mortuary industry, we decided that it was time for my husband to make a change. He was frustrated, burnt out, and tired of working weekends, late nights, and holidays. He began to wonder if there was something else that he…

  • Ask the Readers: What personal finance skills should college students learn? (70 comments)

    Last Friday, J.D. asked you what concepts have contributed to your financial success, and you responded with lots of good thoughts. Today, reader D. Post has a question for you about personal finance skills college students should learn. Here’s his situation: GRS, I’ve just about made it through college and am about to start my senior year! I’ve had a fun time at school and still have a good-sized chunk of change in the bank,…

  • 4 signs you’re over your job & 5 things you can do about it (29 comments)
    This article is by staff writer Kristin Wong.

    Over the summer, I read a book that likened a miserable job to hanging onto the edge of a cliff. I thought it was an appropriate analogy. Like most people, I’ve been there, and that’s totally what it feels like. You know you have to let go, but letting go is scary. You could land in a better spot, or you could meet your ruin. The author argued…

  • The Opposite of Spoiled: The Right Way to Teach Kids About Money (61 comments)

    Note: This article is from J.D. Roth, who founded Get Rich Slowly in 2006. After a year off, J.D. is once again writing here at GRS. His non-financial writing can still be found at More Than Money. What’s the best way to teach kids about money? That question has haunted folks for decades — maybe centuries. There are dozens of financial literacy programs in the United States right now, but none of them seems to…

  • Reader Stories: How I paid off $610,000 in debt, became a dad and quit my job — in 2 years (57 comments)

    This reader story comes from John Corcoran, an attorney, former Clinton White House writer and blogger at SmartBusinessRevolution.com, where he writes about how to use smart political strategies in business. You can download his free ebook, “10 Ways to Use Secret Political Strategies and Tactics to Grow Your Business.” Some reader stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels…

  • Book Review: ‘The Money Book for the Young Fabulous & Broke’ (48 comments)

    This post is by staff writer Honey Smith. There are many personal finance books out there, useful to people in all stages of personal finance. I have a lot to learn before reaching financial independence, and the editorial elves thought it would be useful if I shared some of what I learn with you. My recent reviews include “Change Your Life in 7 Days” and “More Money, Please: The Financial Secrets You Never Learned in…

  • Ask the Readers: What would it take to quit your job and pursue your passion? (86 comments)

    This guest post is from Michelle who blogs at Making Sense of Cents. Lately I have been thinking a lot about whether I should pursue what I love and enjoy my life more, or stick it out with my job that provides stable income. Recently, I was reading a post about how one reader quit her very promising and high-paying career so that she could enjoy life instead. After I read that post, I read about how…

  • Time-management strategies for working parents (46 comments)

    This post is from staff writer Holly Johnson. I am sure you’ve heard the saying, “A mother’s work is never done.” This is especially true for parents who continue working after they’ve had kids. Even after putting in a full day on the job, working parents still have a variety of things that have to be done. In fact, finishing up your day job usually means beginning work on a second wave of responsibilities. If you’re…

  • Look, Mom! I’m on TV! (27 comments)

    This post is from staff writer Kristin Wong. “If they cleaned this place up, it could be pretty nice.” –My mom’s take on NYC. This week my mom was kind enough to take some time off work and accompany me to New York, where I was a guest on one of her favorite shows, “Fox & Friends.” “Did you know Gretchen Carlson won Miss America?” my mom asked me when I first told her about…

  • Should you ever work for free? (42 comments)

    This post is from staff writer Sarah Gilbert. I lose count of my “jobs” these days: my literary writing (that theoretically pays, or had better one day or else), a nonprofit board on which I serve as president, and the magazine I started last summer. While I certainly put the same intensity into everything, I can definitely say that I work more hours for free than I do for pay. So when I got the advice from a…

  • Coverdell Savings Account: Definition, Pros and Cons (39 comments)

    A Coverdell savings account, or a Coverdell Education Savings Account (ESA), is an investment account that is tax-free when used for qualified higher-education expenses. Assets in Coverdell accounts can be transferred to other family members if the beneficiary doesn’t need the money (whether because of scholarships or other circumstances) and many find the main benefit is that these funds can also be used for K-12 school-related expenses. The biggest drawback is that you cannot contribute…

  • Reader Stories: How I built up the courage to quit a promising career with a six-figure salary (42 comments)

    This reader story is from a longtime GRS reader Sumitha, who blogs at afineparent.com. Some reader stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want to submit your own reader story? Here’s how. I said goodbye to a promising career with a six-figure salary last month. I have dreamed about this moment for over…

  • Career strategies of high earners (36 comments)

    This post is from staff writer Kristin Wong. I mentioned in my last post that I read Barbara Stanny’s “Secrets of Six-Figure Women.” Stanny interviewed 150 women who earn more than $100,000 annually and sought to find what traits, experiences and motivators they shared in common. Unlike most books, this one didn’t take me three months to finish. It’s a fast read, and I think that has a lot to do with how relatable it is. I’m not saying I…

  • 9 traits of underearners (75 comments)

    This post is from staff writer Kristin Wong. I just read Barbara Stanny’s “Secrets of Six-Figure Women.” I was happy to find that I share similar traits to the 150 women she interviewed. But there was a section that stood out to me, mostly because I didn’t expect it to stand out to me. We previously reviewed Stanny’s book “Overcoming Underearing.” Guest reviewer Jeremy M. wrote: “[Stanny] learned that the big difference between highly successful…

  • Financial literacy: What’s my motivation? (36 comments)

    This post is from staff writer April Dykman. Were you required to take a personal finance class in high school? I wasn’t. And I’m not in the minority. In fact, only 13 states require a personal finance class for graduation, and just five states require testing student knowledge in personal finance, according to the Council for Economic Education’s 2011 Survey of the States: Economics and Personal Finance Education in Our Nation’s Schools. And even if…

  • How to audit your own investments (23 comments)

    This post is from staff writer Lisa Aberle. I’ve hinted before that I was a passive investor. And by passive, I mean that I have always set up a 401(k) and IRAs, then promptly ignored them. But since 2013 is the year I want to learn more about investing, I knew I needed to evaluate our current investment portfolio. Am I saving enough for retirement? Am I diversified? Is the risk of my investments appropriate for my…

  • Are There any Safe Investments? (43 comments)

    Do safe investments exist? The short answer is no because every investment involves some level of risk, which means it can lose value. But the relative risk of investments varies widely. Some investments are inherently more risky than others, like betting an individual stock on a certain day will go up or down — risky. Compare that to FDIC-insured (and NCUA-insured, the National Credit Union Administration) deposit accounts like money-market accounts, savings accounts and certificates of deposit….

  • Investing in your investing education: A resource list (23 comments)

    This post is from staff writer Lisa Aberle. Investing isn’t new to me. I opened my first CD in high school back in the good old days of 5 percent interest, and I started contributing to my 401(k) as soon as I was eligible (at age 21). I did everything right according to the articles I read. I: Contributed enough to get the maximum employer match Saved/invested around 10 percent of my income Opened up…

  • A scholarship for small-business folks (12 comments)

    With student debt now topping credit card debt (see page 3 of the PDF), every penny that you can find to put toward education is wanted. We hear a lot about student loans, but not so much about scholarships as a way to pay for education. There are all kinds of scholarships, often sponsored by special-interest groups. Here are a few that Mark Kantrowitz of Finaid.org lists on his site: Scholarship for Left-Handed Students, Little…

  • Ask the Readers: Is traditional advice killing your job search? (25 comments)

    “Vince” was halfway through his MBA program and struggling to find an internship. So, he took his career counselor’s advice and blasted his resume and cover letter to 30 companies.”I just tried to shoot out as many resumes as possible,” says Vince. Nine companies called him back, but the interviews didn’t go well. He only got one offer, and it wasn’t for a particularly great internship. If Vince followed his career counselor’s advice, why was…

  • When you just can’t get the important stuff done (38 comments)

    This is a post from staff writer Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. This post is not for those of you who have focused minds and empty “to do” lists. Nay, not for those rarefied people who go to bed knowing that they got just about…

  • Frustrations with my new student loan servicer (97 comments)

    This post is from new staff writer Honey Smith. Since I only took out Stafford loans while I was in school, I was able to consolidate almost all my student loans into a single balance through a program called the Federal Family Education Loan Program (FFELP). After I consolidated, I was able to use a website (which I believe was maintained by the federal government) to track my loan balance and otherwise access my account….

  • Earning more vs. spending less: The decision (89 comments)

    This is the last article in a series. Here are round 1, round 2, and round 3. The need to specialize I have been wrestling now for some time with the question of where to focus one’s energies: whether to earn more or whether to save more. Of course you want to do both, but to get really good at something it takes time, effort, patience and dedication — just like anything you want to…

  • Should you be a generalist or a specialist? (68 comments)

    Way back in 2009, I read a blog post on whether you should be a generalist or a specialist. Sure, the post’s focus was on freelance commercial writing, but every now and then, I would think about its premise: Can you earn more as a generalist or a specialist in a certain career field? Do generalist careers or specialist careers earn more overall? Is it easier for a generalist to be hired? Or does a…

  • Ask the Readers: If parents are paying for college, are any majors off limits? (257 comments)

    This is a guest post from Jacqueline Whiton, who self-financed her undergraduate education and MBA. She is interested in personal finance and is saving to fund her three teenagers’ anticipated college expenses. After saving since your child was in preschool, you celebrate euphorically when your son or daughter is accepted to the college of his or her choice. You’d always imagined that your math whiz would become a chief financial officer (CFO), but are surprised…

  • Side gigs vs. day jobs (132 comments)

    This post is from new staff writer Honey Smith. If you’re in debt — especially if you’re in significant debt — frugality will only get you so far. To really make a dent, you have to increase your income. The option recommended most frequently on personal finance blogs I have read is freelancing or consulting on the side. Another option is a second job (usually hourly work of some kind). However, side jobs aren’t always…

  • How to Pick the Best Darned Account for You (9 comments)

    This is a post from staff writer Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. Happy World Wide Invest Better Day! What, you’re not familiar with this holiday? Well, it might because we at The Motley Fool invented it, and today is the first time we’re going to…

  • 15 Things You Need to Know About Financial Aid (74 comments)

    Timothy M. Hayes, MBA, CFP®, is the founder and President of Landmark Financial Advisory Services, a member of the Garrett Planning Network of fee-only advisors, and an expert in navigating the financial-aid application process. Every January, students and their parents face the daunting prospect of preparing the various financial-aid applications that are required to be submitted in order to determine their eligibility for federal and/or institutional financial aid. Most families find the process, at best,…

  • Back-to-School: The Hidden Financial Bonus for Parents (143 comments)

    I’m headed toward one of those parental milestones to which many of you with multiple children either remember fondly or look forward to with something like desperation: all of my boys will be in public school as of next Monday. September 10th is my independence day. I’m of mixed feelings about this coming date. I, rare among work-from-home moms, love summer and having my kids around all the time, but it is true that managing…

  • Student loan debt: How I got in deep (335 comments)

    This article is from new staff writer Honey Smith. My mother was quadriplegic by the time I was in high school. My dad was a real estate agent who worked on commission, so he worked long hours to make ends meet. As a result, I took on a lot of responsibility at a young age. I cooked and cleaned and did all the grocery shopping. I did the laundry and paid the bills (in the…

  • Are Universities Immoral? (218 comments)

    This is a post from staff writer Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. By popular request, J.D. has added photos of cats once again. Yes, this is another article bemoaning the cost of a college degree, and the amount of student debt that many graduates take…

  • Review: How I Make Money Blogging (140 comments)

    This post is from GRS staff writer Donna Freedman. Donna writes the Frugal Cool blog for MSN Money, and writes about frugality and intentional living at Surviving And Thriving. Let me say that initially I was skeptical about both the size and cost of How I Make Money Blogging: The Beginner’s Guide to Building a Money-Making Blog. The $27 freight seemed a bit steep for a 32-page e-book. Then I opened the PDF and began…

  • How Much Is Your Time Worth? (91 comments)

    This is a guest post by Joel Runyon of Impossible HQ. Did you see the Justin Timberlake thriller In Time last year? Probably not. Nobody else did either. Well, I did, I guess. And while the movie wasn’t very good, it contained an interesting idea that I think relates to personal finance. The movie’s plot revolves around a world where everyone is genetically engineered to live until they’re 25. After that, they have exactly one…

  • What Your Loose Change is Really Worth (83 comments)

    For the next week (or two), we’ll be sharing “audition” pieces from folks interested in being new staff writers at Get Rich Slowly. Your job is to let us know what you think of each of these writers. Pay attention, give feedback, and after a couple of weeks we’ll ask which writers you prefer. This article is from Elizabeth Falwell. “You’ve got to look for the date,” my grandfather reminded me as we sorted through…

  • Reader Story: Escaping Poverty (75 comments)

    This guest post from Karin is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want submit your own reader story? Here’s how. My family was weird. When you’re young, it’s hard to know how a normal family should look and behave. I do…

  • Are You Afraid to Earn More? (137 comments)

    This is a guest post from Rya Hristova. Rya had her reader story featured at Get Rich Slowly last year. She writes a Bulgarian personal-finance blog called kadebg.com. Did you grow up in a modest family? Walking to school or taking the bus instead of having your own car? Wearing clothes your siblings have grown out of, instead of getting designer clothes? Always trying to make do or do without? And now in your adult…

  • Continuing Education May Make You Wiser — But Richer? (100 comments)

    This post is by staff writer Sarah Gilbert. I live in a world in which I am blessed with lots of friends who are writers, but even I — social media maven that I am — would put my writing community at far less than a thousand. Yet a few weeks ago, there I was in Chicago with (according to one estimate) 11,000 writers, editors, publishers, and writing teachers. It was the Association for Writers…

  • Reader Story: I Quit My Passion and Took a Boring Job (245 comments)

    This guest post from long-time GRS reader Knot Theory is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. I’m a consumer of the personal finance blogosphere as much as anyone. I support the efforts of J.D. and others who…

  • Reader Story: Re-Evaluating the Rat Race (168 comments)

    This guest post from Joe is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Over the last year, some of my friends have left their day jobs to become a full-time bloggers. Their stories are inspirational, but their choice…

  • Paying for College: A High School Student’s Quest to Stay Debt-Free (129 comments)

    This is a guest post from Chase Miller, a high school student from Orange County, California. He loves to surf, travel, Tweet, and catalog life through photography. “Where are you going to college?” “What are you going to major in?” “What kind of career do you want?” As senior year flies by like a speeding car, there are certain questions I have been asked countless times by friends, family members, and coworkers. These questions are…

  • How to negotiate your salary (73 comments)

    This post is from staff writer April Dykman. One of my goals for GRS in 2012 is to write more about earning money. I quit my job a year-and-a-half ago to become self-employed, but I know that most people are employees, and I’m the last person who would suggest that everyone should quit their jobs and become full-time freelancers. For one thing, it’s not right for everyone. It can be lonely, and it doesn’t come…

  • 5 Unusual Ways to Raise Successful Children (105 comments)

    This is a guest post from Natalie Peace of PeaceAndProfit.com. She is the author of 30 Keys to Building a Multi-Million Dollar Business: What They Didn’t Teach Me in Business School. Natalie is an entrepreneur, business coach, and she’s currently writing a book on how to start a wildly successful business. Looking at the businesses I’ve built, managed, and sold (worth $2 million) by the age of 30, I’ve been reflecting lately on what set…

  • The Best Books About Money (69 comments)

    In my mind, I write about personal finance books all the time. I certainly read them all the time, and I talk about them with the people I know. But the reality is that I haven’t reviewed many books at Get Rich Slowly during the past couple of years. As a result, I’ve been getting a lot of e-mails asking for book recommendations. Last weekend, I sat down to organize my office. As part of…

  • Think Different: Teaching Kids to Be Entrepreneurs (62 comments)

    This article is from new staff writer Tim Sullivan. I remember when my parents gave me a raise in my allowance. I was seven and I went from $2 a week to $5 a week because I started doing my own laundry and washing my own dishes. I was so excited to be a model employee. I remember that day plotting out just how many extra GI Joes I could buy in a year and…

  • Career Moves: How to Win the Office Politics Game (Part One) (47 comments)

    This post is from staff writer April Dykman. “Office politics” is one of those phrases that used to make me groan. I worked in an office from the time I was a freshman in college until I quit my job last year, and let me tell you, I had my fill. I dealt with situations that would make our presidential candidates wince, and I tried many approaches to deal with it, such as pretending to…

  • 10 Career Lessons from Julia Child (52 comments)

    This post is from staff writer April Dykman, who believes lavender, chocolate, and honey are the stuff that dreams are made of. Readers, I hope you’ll forgive me for writing another culinary-themed post here at Get Rich Slowly. Last week I wrote about the expense of healthy food cooked at home, and this week I can’t help but to talk about something that’s been on my mind as I’ve read My Life In France by…

  • Why Leaving My Job in Finance Was the Best Decision Ever (41 comments)

    This is a guest post from Sean Ogle, a former portfolio analyst who is now pursuing his goals of starting a business and seeing the world. Ogle writes about travel and entrepreneurship at Location 180. He also helps people build small businesses they can run from anywhere on earth at Location Rebel. This is my third guest post at Get Rich Slowly. The responses from my first two stories — Budgeting for a Lifestyle Change…

  • On the Road to Nowhere: The True Story of My First (and Worst) Job (67 comments)

    It’s Labor Day in the United States, the holiday that traditionally marks the end of summer and the beginning of the new school year. Officially, it’s intended as “a day off for the working citizens”. As usual, GRS is taking a short break. This is a reprint of a column from five years ago. Your job is one of your most important assets. It gives you earning power. It can bring you personal fulfillment. But…

  • Five Career Moves with Exponential Returns (62 comments)

    This post is from staff writer April Dykman. One of my favorite topics to write about is ways to earn more money, though I don’t often cover it here at GRS. As most regular readers know, last summer I quit my day job to work full-time as a freelance writer. Financially and personally, it was the best decision I’ve ever made. Nevertheless, there are a significant number of GRS readers who have no interest in…

  • Is an MBA Worth It? (106 comments)

    This is a guest post from long-time reader Gal Josefberg. Gal writes about self-improvement at Equally Happy and healthy living at 60 in 3. I’ve recently hired my second employee, a newly-graduated technical writer who aspires to one day run his own business. He’s proactive, punctual, hardworking and very capable. The mentor in me wants to make sure he has a great career ahead of him. So imagine my alarm when I heard him say,…

  • Reader Story: I’m a Sugar Mama (and Proud of It!) (127 comments)

    This guest post from Kerry is part of the “reader stories” feature at Get Rich Slowly. Some reader stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Hello. My name is Kerry. I’m 26, and I’m the sole provider in my household — and have been for the last three…

  • How I Earn My Money (73 comments)

    A lot of what we write here at Get Rich Slowly is theoretical. “This is how you should do things,” we say. Or, sometimes, the articles are meant for inspiration: “Here are some great ideas for taking control of your finances!” We don’t write as often about the things we actually do with our own money. In the early days of the site, I shared many of my own experiences. I’ve gotten away from that…

  • Follow-up: Taking a 20% pay cut (32 comments)

    I get a lot of requests for follow-ups to reader stories and reader questions. People want to hear how things turned out. Because I want to know how things turned out, too, I’ve started a semi-regular feature at Get Rich Slowly. Whenever I hear back from a previous poster, I’ll share an update so that we can all know what happened. Tim Stobbs wrote in September of 2010 to explain why he loved his 20%…

  • Jump-Start Your Career With a Personal Business Model (10 comments)

    This is a guest post from Tim Clark, an entrepreneur, teacher, and the author or editor of five books on entrepreneurship, personal development, and business models, including the international bestseller Business Model Generation and the forthcoming Business Model You. Clark has shared several guest posts here in the past, on topics like making the most of opportunity, how to decide if you should become an entrepreneur, and more. Clark is also one of my real-life…

  • Reader Story: Debt-Free College Education as a Returning Student (68 comments)

    This guest post from Penny Saver is part of the “reader stories” feature at Get Rich Slowly. It’s a response to Crystal’s reader story about how she avoided student loans. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Penny Saver writes about making the most of meager means…

  • Reader Story: How I Avoided Student Loans (101 comments)

    This guest post from Crystal is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Crystal writes about finding the balance between paying the bills, saving for the future, and budgeting for the fun stuff at the aptly-titled Budgeting…

  • College Is a Big, Fat, Hairy Rip-Off! (But Save for It Anyway) (109 comments)

    This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He also has a newly reinvigorated blog, and you can have your day interrupted once or twice by his Twittering. Robert contributes one new article to Get Rich Slowly every two weeks. A few weeks ago, the proprietor of this establishment (J.D. “The letters in ‘Get…

  • Ask the Readers: Best Non-U.S. Personal Finance Sites? (52 comments)

    People are the same all around the world. Everyone struggles with the same things — including money. Because of this, financial advice from one country is generally applicable to other countries, as well. Sort of. While general advice is easy to transfer from one culture to another, the specifics are often lost in translation. In the U.S., we have a Roth IRA. But in Canada, they have an RRSP. And in the U.K.? Well, I’m…

  • An Interview with Thomas Stanley, Co-Author of “The Millionaire Next Door” (73 comments)

    This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. A while back, I mentioned the book The Millionaire Next Door to one of my colleagues at The Motley Fool. “That book changed my life,” she gushed. For some people, it really can be…

  • Studs Terkel’s Working (22 comments)

    A couple of weeks ago, I shared an instructional video from 1948 called You and Your Work. This film painted an ideal (and idealized) view of the workplace and the worker’s role in it. But we all know work isn’t really like that, right? Yes it’s important to work hard, and yes it’s important to maintain a positive attitude, but jobs and careers are complicated. They make up a huge part of our lives, yet…

  • The Time Value of Money (or Why 25 Years of Cable TV Doesn’t Cost as Much as You Think) (31 comments)

    This guest post is from Stephen Popick, a government economist and founder of Coffeecents.org, a personal finance program for young adults. Popick is the long-time administrator of the Get Rich Slowly discussion forums. He loves coffee, even if his habit will cost him a latte-a-day million in thirty years. Just after Christmas, Carl Hendley of The Motley Fool wrote about his cable bill and how much lost investment income that money represented. As an economist,…

  • The Tiger Mother and You: Are We Preparing Our Kids for a Better Financial Future? (120 comments)

    This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. Those of you who are parents — and those of you who came from them — may have already read the Wall Street Journal article by Amy Chua (which is an excerpt from her…

  • The Importance of Salary Negotiation (76 comments)

    This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. I have a good friend who recently graduated from MIT with a PhD in something I can’t even pronounce, let alone do. Even in this rocky economy, he has competing job offers. That’s a great position to be in, and I’m happy for him. But when he told me about his options,…

  • Want to Make More Money? Go Back to School! (31 comments)

    Lately, I’ve been more vocal about the importance of looking for ways to boost your income. Cutting costs is awesome — don’t stop — but if you really want to supercharge your debt reduction or your saving, you have to look for ways to earn more money. “That’s great,” some commenters have said, “but how do we earn more money.” That’s a fair question, though it’s much tougher to answer than, “How do I spend…

  • Living Like a Millionaire on Pennies a Day (41 comments)

    This is a guest post from Sean Ogle, a former portfolio analyst who is now pursuing his goals of starting a business and seeing the world. You can read more from him at Location180. You can also follow him on twitter @seanogle. Last fall, I quit my job. As nice as it was to have a steady paycheck and the prestige of being known as a “portfolio analyst”, there was one key component that was…

  • Reader Story: Scholarships for Fun and Profit (42 comments)

    This guest post from Alison is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. This is one of the best reader stories I’ve ever featured. I’m a graduate of the George Washington University, a school now known as…

  • How to Maximize Your Salary (48 comments)

    This guest post comes from Kimberly Palmer, author of Generation Earn: The Young Professional’s Guide to Spending, Investing, and Giving Back, which hits bookstores today. She’s also the Alpha Consumer blogger at USNews.com. Every time I’ve ever gotten close to a job offer, my Dad sits me down for a little practice negotiation session. He acts like my potential employer, and I act like myself. The conversation usually goes something like this: Dad: “Kim, we…

  • College Savings: The Basics of Saving for College (47 comments)

    This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. Got kids? If so, you’re probably hoping to send them to college. And you know it won’t be cheap. College costs are rising faster than inflation, and have been for decades. But that doesn’t mean you can’t afford a good education for your kids, even if you have a modest salary or…

  • Reader Story: Working for Uncle Sam Overseas (63 comments)

    This guest post from Mike is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Traveling to exotic new places is a passion of mine. My wife reminisces fondly over a dinner conversation we had about nine years ago…

  • Growing Your Human Capital: 11 Ways to Boost Your Income-Producing Ability (34 comments)

    This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. Unless your last name is Rockefeller, Hilton, or Walton (as in Sam Walton, founder of Wal-Mart — four of the seven richest Americans are Sam’s heirs) chances are you had to work for the…

  • Book Review: The Skinny on Real-Estate Investing (22 comments)

    Book Week at Get Rich Slowly comes to a close today. Well, I guess tomorrow’s Ask the Readers is about books, but this is the final review. I’ve saved the best for last. Over the past year, I’ve had a chance to read several titles in the “Skinny On” book series. And although I’ve only mentioned them in passing here at GRS, I love these books. Today I want to tell you about them. The…

  • Book Review: The Simple Dollar (86 comments)

    My colleague Trent Hamm from

  • Book Review: The Art of Non-Conformity (52 comments)

    In June 2008, a Get Rich Slowly reader dropped me a line to see if I’d like to have lunch. “My name is Chris,” he said. “My wife Jolie and I will be visiting Portland next week. Do you have time to meet?” “Sure,” I replied. I was just beginning to meet colleagues and readers for lunch, a habit that has since become the best part of this job. “Let’s meet at my favorite Thai…

  • Ask the Readers: How Do I Survive Until I Get My First Paycheck? (95 comments)

    Isaac wrote recently with a question about how to make the transition from college to the Real World. He has a good degree, but it’ll take him time to find a job, especially since the economy is still sluggish. He’s worried about how he should handle is finances in the meantime. Here’s his question: I recently graduated from college with a degree in electrical engineering. I’m currently living at home with my family while I…

  • Reader Story: I Quit My Job and Joined the Peace Corps (44 comments)

    This guest post from Bon is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. I’ve always been a bit of a capitalist so to speak, so when I decided to join the Peace Corps several years ago, not…

  • Ask the Readers: What Can I Do About My Student Loans? (135 comments)

    I do my best to cover a variety of topics here at Get Rich Slowly. Personal finance is a v-a-s-t topic, and there’s a lot of specialized knowledge. But there’s no question I have blind spots. Because Kris and I have no kids, I don’t write much about children and money. Student loans are another blind spot for me. Still, I know a lot of GRS readers have questions about student loans. You folks e-mail…

  • Ask the Readers: From London to Los Angeles? (74 comments)

    When Kris was young, her family moved all of the time. Her father was in the Air Force, so they were rarely in one place for long. I, on the other hand, have always lived within the same 25-mile radius. For 41 years. More and more, I feel the itch to live somewhere new, if only for a little while. In fact, I wish I’d lived elsewhere when I was younger. But moving (and living…

  • Your Money: The Missing Manual — On Sale Now! (68 comments)

    Things may seem calm and quiet on the surface of the blog, but behind the scenes here at Get Rich Slowly, everything’s a whirlwind. I don’t know if I’ve mentioned this before, but blogging doesn’t scale. That is, one man (or woman) can handle a small blog with a few hundred readers, but the bigger a site grows, the more demands there are on your time. Even though I’m using more and more help lately,…

  • Reader Story: How I Paid Off $18,000 in Student Loans While Still in Graduate School (84 comments)

    This guest post from Andrea is part of the new “reader stories” feature here at Get Rich Slowly. Some reader stories contain general “how I did X” advice, and others will be examples of how a GRS reader achieved financial success — or failure. I am a graduate student, working towards a PhD, and I hope to graduate in 2012. Prior to starting my PhD program I acquired a significant amount of student loan debt…

  • Book Review: The Happiness Project (47 comments)

    One of my core beliefs is this: It’s more important to be happy than it is to be rich. My personal experience bears this out (though I’m fortunate to be both), as do the anecdotes I receive from GRS readers. In fact, of all my fourteen philosophies, this one is most important. It’s so important that I chose to open Your Money: The Missing Manual with a chapter on happiness. No surprise then that for…

  • Invest in Your Most Important Income-Producing Asset (18 comments)

    This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the advisor for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. Your net worth is based not only on how much moolah you have in the bank, but also on your human capital — that is, your ability to earn income. “We can think of…

  • Ask the Readers: What If Your High-Paying Job Makes You Miserable? (109 comments)

    On Thursday, I featured a guest post from Free Money Finance that proved to be surprisingly controversial. His five steps to six figures in seven years offered solid common-sense career advice for those looking to boost their incomes. Many readers disliked the post. (Though they didn’t hate it as much as FMF’s previous guest article.) Though I don’t share all of your complaints, I do think some of you made an excellent point: Just as…

  • Five Steps to Six Figures in Seven Years (144 comments)

    This is a guest post from FMF at Free Money Finance, a personal finance blog designed to help you grow your net worth. You can subscribe to Free Money Finance here. Historically, “making six figures” has been to income earners what “becoming a millionaire” has been for those tracking their net worths — a lofty goal achieved by only a select few. And while neither a six-figure earner nor a millionaire can bask in the…

  • Essential Personal Finance E-Books (20 comments)

    A few days ago, I released The Get Rich Slowly Guide to Roth IRAs as a free e-book. Readers who are interested in opening a retirement account can download this short book — which draws from a series of articles I wrote two years ago — and use it as a reference as they work through the process. Though this is my first e-book (it won’t be my last), there are a variety of other…

  • 5 Ways To Rescue Your Rotten Résumé (33 comments)

    This is a guest post from Kerry K. Taylor, author of Squawkfox, a blog where frugal living is fun. On today’s episode of The Personal Finance Hour, Jim and I will be discussing job-hunting skills. First, though, here’s Kerry’s advice about résumés. If you’re anything like my friends, your résumé is probably a little stale and perhaps a lot rotten. I’m sure your skills are not rotten and don’t deserve to be trashed as rubbish….

  • What’s the Difference Between High-Income Earners and Low-Income Earners? (233 comments)

    In June, a user at Ask Metafilter wondered: What are the differences between someone who makes $100,000/year and someone who makes $30,000? As you might expect, this question generated a lot of discussion — all of it interesting. Many commenters noted that, from their experience, high-income earners generally exhibited several of the following traits: They maintain a strong work ethic. They don’t watch the clock. They seek to improve their skills. They do quality work….

  • What is the Value of a College Education? (156 comments)

    This is a guest post from Jason Barr, who writes about personal development at Start Being Your Best. Jason is a potential Staff Writer for Get Rich Slowly. His first post described what he learned from failure. Jason is 32 years old, has been married for seven years, and has a 2-1/2 year old son. He’s now a financial analyst, but he spent five years in the army as a Chinese linguist. What is the…

  • How to Nail an Interview: 20 Job Interview Tips (37 comments)

    After writing about how to negotiate your salary recently, a couple of readers pointed me to another job-related tool on the web. Steinar Skipsness has created a microsite called How to Nail an Interview. Here’s how he describes it: What is it that certain people say or do during a job interview that makes them stand out? Why do some people struggle to find work, while others land a job in no time? I wanted…

  • Starting a Business After a Job Loss (25 comments)

    This is a guest post from Matt, a long-time GRS reader. After earning a master’s degree in electrical engineering, my father joined a large technology company where he did quite well for himself. The company transferred him twice, requiring him to pick up and move his newly-created family across the country. Then he was laid off. Vowing never to let this happen again, he leveraged his network to recruit good people for a new electrical…

  • Negotiating Your Salary: How to Make $1,000 a Minute (56 comments)

    Most personal-finance blogs write about cutting expenses. But you can obtain powerful results by looking beyond frugality, by boosting your earning power. One of the best ways to increase your income is at the source: during salary negotiations, either when you land a job or during a performance review. This can be scary. For many people, salary negotiations are an awkward thing. I was discussing this subject recently with my friend Michael, who runs the…

  • Hard Times: An Oral History of the Great Depression (31 comments)

    We’ve heard a lot of rhetoric lately about how this is the worst economy since the Great Depression. Maybe that’s true and maybe it isn’t, but even if it were, what would it mean? I have no frame of reference for these sorts of claims. They smack of hyperbole, but I can’t be sure. In my lifetime, the closest I’ve come to experiencing anything like the Depression was during the recession of the early 1980s,…

  • What Fourth-Graders “Know” About Money (50 comments)

    Financial Literacy Month begins today. What better way to kick things off than with a story from the trenches? This is a guest post from Chett Daniel, who writes about improving your life through personal fitness and personal finance at 5k5k.org. Every day when I go to work, I have a chance to influence the lives of children. I left a well-paying corporate job nearly two years ago, taking a 50% cut in pay to…

  • Book Review: Overcoming Underearning (15 comments)

    This is a guest post from Jeremy M, who writes about experiencing a full life at Lucid Living. When I asked GRS readers recently which books they’d like to see revieweed here, Overcoming Underearning was near the top of the list. Jeremy volunteered to review it, so I sent him a copy! Barbara Stanny’s Overcoming Underearning is not what I expected it to be. When I read the title, I expected a book about how…

  • Ask the Readers: Is It Unethical to Work a Second Job? (212 comments)

    To build wealth — or to get out of debt — you must create a positive cash flow. That is, you must spend less than you earn. One way to do this is to cut costs. Another is to increase your income. Because it has worked so well in my own life, I encourage people to boost their income whenever possible: ask for a raise, make money from hobbies, change careers. For many, the most…

  • Free Downloadable Suze Orman Book from Oprah (22 comments)

    Here’s a quick reminder that Suze Orman will be on The Oprah Winfrey Show this afternoon to discuss jumpstarting your personal finances in 2009. Serena wrote to let me know that until next Thursday (15 January 2009), you can download Suze Orman’s new book free from Oprah’s web site. Suze Orman’s 2009 Action Plan features 200 pages devoted to topics like credit, retirement investing, spending, real estate, and “protecting yourself”. This is a real book,…

  • 10 Essential Steps to Take BEFORE You’re Laid Off (94 comments)

    This is a guest post from Kevin Merritt, founder and CEO of blist, a web-based list-sharing and database application. As a nation we have enjoyed relatively low unemployment for the last five years. At the end of 2007 the unemployment rate stood at 4.6%. By comparison, the U.S. unemployment rate peaked at 24.9% in 1933, during the darkest year of the Great Depression. In October of this year the unemployment rate grew 0.4% to 6.5%,…

  • Daily Links: Allergic-to-Bees Edition (32 comments)

    While pressure-washing the sidewalk on Friday, I disturbed a nest of bees (or hornets or wasps — they’re all the same to me). Two of them stung my right hand. Within 24 hours, it had swollen like a balloon. Even after the doctor prescribed medication, the swelling spread to my forearm. It was like I had a meat claw! Fortunately, things had mostly returned to normal by Sunday evening, which gave me time to piece…

  • Phishing Scams in Plain English (32 comments)

    Internet con artists are clever. Even smart people can be duped sometimes. Even those who keep active watch against scams and schemes can make mistakes. As I checked e-mail this morning, I was baffled by a notice from Paypal. “Your eCheck payment of $29.90 USD to jdroth@xxxx.com has been deposited into your recipient’s account,” the message read. But why would I be paying myself? “Do you know what this is?” I asked Kris. “Why are…

  • The Best Recession-Proof Jobs (114 comments)

    In The Little Book of Bull Moves in Bear Markets (which I recently reviewed), author Peter Schiff provides a list of the best jobs to beat the economic collapse he predicts is just around the corner. “I foresee the following as the 10 strongest professions and industries over the coming decade and beyond,” he writes. His list: Engineering, because the abandoned U.S. industrial base will need to be re-tooled. Construction, to rebuild the American infrastructure….

  • Ask the Readers: Best Part-Time Holiday Jobs? (77 comments)

    Christmas is approaching, and with it come seasonal jobs. For some, these can be a great way to earn extra cash, which can be used to purchase gifts, to pay off debt, or simply to save for the future. Kathy recently sent a question asking which part-time holiday jobs are best: I am currently employed full time as an electrical engineer making a decent amount of money, but with the holiday season coming up, I…

  • How Do You Turn Passion into a Career? (And Should You?) (32 comments)

    Ask Metafilter is one of my favorite sites on the internet; I’ve been an active member there for years. It’s a great place to get advice on many subjects, including money. And careers. Recently a user named Entropic asked a question about “finding your passion”, which received an awesome reply from my pal Grumblebee. Here, with permission (and a tiny bit of editing), is that Ask Metafilter exchange. Entropic How did you find your passion?…

  • Best Financial Magazines (72 comments)

    Get Rich Slowly reader Beth wrote recently looking for help in finding the best financial magazines: I’m a public library worker, and my library needs personal finance advice! We feel strongly that we need to keep a personal finance magazine in circulation, but the ones we’ve subscribed to in the past have been met with the deafening silence of complete disinterest. We’ve had Money for a year with no checkouts; before that, we had Fortune…

  • Reader Success Story: How I Gave Myself a Raise (19 comments)

    Jon wrote yesterday to share a success story of personal finance principles in action. Here’s a slightly modified version of his e-mail. I’ve been a reading personal finance blogs for some time now, and one thing I’ve seen repeated over and over is: if you are looking for a raise, the easiest thing to do is to ask for one. I was skeptical of this advice until this last week when I made it work…

  • The Difference Between a Career and a Job (62 comments)

    What is the difference between a career and a job? Trent at The Simple Dollar recently suggested the following dichotomy: A job is something you do simply to earn money; a career is a series of connected employment opportunities. A job has minimal impact on your future work life, while a career provides experience and learning to fuel your future. A job offers few networking opportunities, but a career is loaded with them. When you…

  • 50 Prosperity Classics in a Nutshell (12 comments)

    Earlier today I shared my review of 50 Prosperity Classics by Tom Butler-Bowdon. The author selected fifty important prosperity books and summarized them in just a few pages. For each book, he also provided a one-sentence capsule summary. I think these one-sentence summaries are clever, so I contacted Butler-Bowdon for permission to reprint them, which he kindly granted. I’ve reproduced them below, grouping them into the book’s four broad categories. For additional information, I’ve linked…

  • The Informational Interview: A Job-Hunter’s Secret Weapon (16 comments)

    This article originally appeared at I Will Teach You to Be Rich in a slightly different format. Finding a job can be tough. Competition is fierce, and even if you’ve got the skills, it’s a challenge to make yourself known to the right people. According to Michael Hampton, Director of Career Development at Western Oregon University, informational interviews are a valuable networking technique that can give you an edge on your competition. The informational interview…

  • Best Personal Finance Podcasts (39 comments)

      Podcasts are a great and free way to learn about saving and investing. Here are some of the very best personal finance podcasts we feel are worthy of your “must-listen” line-up: Planet Money Planet Money is perhaps the best all-around podcast about money and economics out there right now. The production values are extremely high — as you’d expect from any NPR show — but it stands out for its ability to explain the most complex…

  • Reader Story: Beware of Scams and Pyramid Schemes (108 comments)

    In the past, I’ve shared the story of the worst job I ever had. In a lot of ways, it felt like I was part of a pyramid scheme or multi-level marketing operation. I’ve been approached to participate in similar operations since then: once by my veterinarian (?!?) and once by a stranger in a book store. Sometimes you cannot tell a scam is a scam until you see it up close, and then the…

  • Robert Kiyosaki: Increase Your Financial IQ (72 comments)

    The problem with the standard financial advice is that it’s bad advice. You’ve been told to work hard, save money, get out of debt, live below your means, and invest in a well-diversified portfolio of mutual funds. But this advice is obsolete — so argues Robert Kiyosaki in his new book, Rich Dad’s Increase Your Financial IQ. Increase Your Financial IQ is the latest installment in Kiyosaki’s tremendously popular “Rich Dad” series of books. These…

  • Life After School: Advice for New Graduates (51 comments)

    On Tuesday evening I gave my first-ever presentation about personal finance. I spoke to a group of about 70 graduating seniors from Western Oregon University. My talk went okay. It wasn’t terrible, but it certainly wasn’t good. It’s a start. I learned a lot, and I’ll do better next time. I was the fourth and final speaker of the evening, though. Before I talked about personal finance, three WOU alums spoke about life after college….

  • Luck Is No Accident: 10 Ways to Get More out of Work and Life (46 comments)

    Some people are luckier than others. How many of you believe this? Why do you believe it? Are you one of the lucky ones? Or does luck seem to pass you by? And just what is luck, anyhow? According to John D. Krumboltz and Al S. Levin, there’s no such thing as luck. In fact, they shirk the use of the word in their book Luck Is No Accident: Making the Most of Happenstance in…

  • Uncommon Lifestyles and the Truth About the 4-Hour Workweek: An Interview with Tim Ferriss (41 comments)

    One of the fundamental premises of the Get Rich Slowly philosophy is that by making sacrifices and smart moves now, you can create a better life in the future. It’s a philosophy of deferred gratification. But what if you don’t want to wait to enjoy life’s rewards? What if you want to take advantage of opportunities while you’re still young? Is there a way to do this while still maintaining a smart approach to money?…

  • How to Quit Your Job Gracefully (54 comments)

    Deb Perelman at eWeek recently shared some advice on how to quit your job with your bridges intact. Too often smart employees let their guard down during their final days, and they do things that may actually damage their career. Perelman polled coaches, recruiters, and workplace experts to create a list of steps that can help you leave your job with class: Be sure you’re making the right choice. Sometimes that dream job isn’t. Do…

  • Ask the Readers: How To Find Work That You Love? (93 comments)

    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 work that you love? It’s been said, “If you love your job, you’ll never work a day in your life.”…

  • The Value of a College Education (141 comments)

    I’ve been thinking lately about the value of a college education. I earned a B.A. in Psychology from Willamette University in 1991 (with a minor in English Lit, and almost another minor in Speech Com). What have I done with this degree? Almost nothing. Yet I do not regret the money and years I spent working to earn it. The financial value of a college degree Does earning a college degree make a difference to…

  • Parents.com Stay-at-Home Calculator (44 comments)

    When a new baby arrives, young couples face a decision. If both parents work, who should stay home with the child? The mother? The person with the smallest salary? Or should both parents continue to work? Often this decision is about more than money — personal values may determine the best course of action. But sometimes both parents continue to work because they believe they need the income. In her book Miserly Moms [my review],…

  • How to Earn Extra Income Through Private Tutoring (38 comments)

    This is a guest post from Jeff Sackmann, a GMAT tutor based in New York City. Jeff runs the blog GMAT Hacks.  He is the author of The GMAT Math Bible and several other GMAT-related resources. Are you looking for a way to earn some extra money?  Did you do well in school, or on standardized tests?  Offering tutoring services may be a good bet for you. I’ve been a private tutor for the better…

  • A Rough Guide to Repaying Student Loans (62 comments)

    There are certain aspects of personal finance that I’ve never had to deal with. Student loans are one of these. But student loans are a huge concern for many people. This guest-post from SJean is an introduction to repaying these debts. There are really two things to know about student loans: How to get them, and what to do when you have to start paying them back. I’m going to write about the latter, as…

  • Career Advice for the College Graduate (28 comments)

    This is a guest post from Lisa Lessley Briscoe. My friend (and fellow Bearcat) Lisa writes: “I was just poking around on GRS (I don’t usually read) and noticed that you’d posted an entry for college graduates recently. Funny how summer rolls around and you start thinking about stuff.” She’s passed along some additional advice for those just entering the workplace. Congratulations, you just graduated from an excellent liberal arts college! You worked incredibly hard…

  • Get Rich Quack: David Schirmer of The Secret (37 comments)

    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 day I would get a bunch of bills in the mail. I thought, “How do I turn this around?”…

  • The ultimate round-up collection of personal finance books (161 comments)
    man reading book

    Reading books on investing money is a great way to learn more about what you should do at each point in your financial journey. In some respects, it doesn’t really matter where you are in your journey because, no matter what you need help with, there’s a book that covers it. Deciding which book to read when, though, can be a bit of a…

  • Nine Tips For Young People Starting Careers (13 comments)

    Jeanne Sahadi at CNN Money has posted the get-started guide to making it, a set of tips for young people starting their careers. I asked five managers I’ve known over the years and my favorite workplace expert what behaviors and attitudes in their eyes mark a new recruit as promising and promotion-worthy. The following attributes will help you succeed: Be willing to ask for help, but be able to take charge. Employers like for employees…

  • 27 Money Tips for College Students (95 comments)

    School’s back in session, and with it come life-lessons in money management for students. But personal finance can be easy, even if you’re just starting out. You just have to know how it works. All of the following are concepts I wish I had known before heading to college. Money Management Now that you’re on your own, you might be tempted to spend money on all the things your parents wouldn’t let you have before….

  • Free Comics from the Federal Reserve (3 comments)

    Many frugal folks are geeks at heart. Now you can indulge both sides of your personality with comic books from the Federal Reserve Bank! The Federal Reserve Bank of New York has been publishing educational cartoon-style booklets since the 1950s. “The Story of the Federal Reserve System” is one of ten titles currently available. The comic book is intended for the general public, especially students in high school and introductory-level college economic courses. Up to…

  • YMOYL 2006 Review (5 comments)

    This is a guest post by Cat Connor. Every year I try to review the steps in Your Money or Your Life to see how we’re doing.  It’s been about two years since my last review, but much to my delight, I found we are following most of the steps well, and I just needed to update some numbers. Step 1: Making Peace With The Past A: Determine your total lifetime earnings The book was…

  • Why I Love Community College (22 comments)

    Community colleges are an oft-overlooked resource for cheap education. They offer classes from trained professionals and provide access to expensive equipment that you otherwise would never be able to use. I love community college for several of reasons: Affordability — Community college classes are affordable. Despite recent tuition increases, a class at Portland Community College costs about $200. Community education courses (non-credit classes) cost even less. Some employers will pay for classes; my business will…