Welcome to the #371st edition of the Carnival of Personal Finance! As usual, it’s a pleasure to host, and it actually seems like there were fewer articles this week, which made it easier to actually read all the articles here! I hope you enjoy!
The Occupy Wall Street movement seems to have fizzled over the past few months. Still, it helped to bring up the conversation of “what is fair” to national prominence.
One of the results was that many people banded with the 99% and didn’t want to be branded as a “greedy 1%er”. Is that true of personal finance bloggers as well? Or are we focused on the numbers aspect (who doesn’t want to be one of the 1% richest Americans)?
For this carnival, let’s find out what you guys really think. Are you proud to be a 99%er (which can mean a lot of things to a lot of different people)? Or are you upset about not being a 1%er?
These are my editor picks as these articles stood out from the crowd:
Darwin from Darwin’s Money presents Are You Able to be Happy for Friends and Family That are Wildly Successful? - I think we all have people who have more success than we do, any I know that I sometimes struggle with other people doing better because I want what they have. For me, it’s definitely a work in progress for acquaintances, but for my close friends, I find myself wanting only what’s best for them.
Lance from Money Life & More presents Passive Income: Not As Passive As You Think – Part 2 - While passive income sounds great, it’s a lot harder to achieve true passive income than it seems. Lance follows up on an earlier post and breaks down a few types of income to determine whether they are truly passive or not.
Bob from ChristianPF presents What is a lifespan calculator and why should you care? - I’m not sure how well these have been tested, and I definitely wouldn’t use it for retirement planning purposes (if it says I expected to die at age 70, should I retire earlier and not save as much? That’s probably risky), but it can serve as a welcome wake-up call.
VH from Funny about Money presents Credit Cards: Will a Use Surcharge Change Your Habits? - With the recent change allowing merchants to charge more to those paying with credit, we could soon be encouraged to pay in cash. Will we still pay with plastic if the only advantage is not having to carry around coins (and not benefits from cash back rewards)?
Drew from Objective Wealth presents Do You Know the Difference Between a Job and a Career?, and says, “Understanding that your attitude towards your work determines whether you are a job or a career holder, and has implications for your wealth and prosperity in the long term.”
Martin from Studenomics presents Completely Random Ways to Make Money in College This Semester, and says, “Creative and interesting ways to make some money in school.”
Green Panda Treehouse presents How to Find Work When Your Resume Sucks, and says, “We help you find work when your resume just does not add up.”
Mike from The Financial Blogger presents Do You Have to Actually Enjoy Your Job?, and says, “Does money matter to you more than the actual work?”
SB from One Cent at a Time presents Pick a College or a Major with Future Career in Mind, and says, “With school season round the corner, many students looking for college or major at this moment, this guide can help them decide what they want to do and can stop them from ruining their life and money.”
John from Wallet Blog presents Should Small Business Owners be Worried About Their Money in December 2012?, and says, “Will small business bank accounts still be Federally insured at the end of the year? What could it mean for the local banking industry if the extension is not passed? Is it best for small business owners to transfer funds to larger banks or is that a misconception?”
CF from The Outlier Model presents Paying for special occasions, and says, “When you’re trying to stick to a budget and save money, one of the biggest issues that can come up is a special occasion. A wedding, a birthday, a baby shower… these things can all wreak havoc on your budget unless you plan carefully.”
Nicole from Nicole and Maggie: Grumpy Rumblings of the Half Tenured presents It’s nice to be able to throw money at problems, and says, “Nicole and Maggie discuss how 1. it’s nice to have extra money on hand to smooth over life’s little problems and 2. how they go to the point they could do that.”
Echo from Boomer & Echo presents 35 Ways To Save Money, and says, “We all know there are plenty of ways to save money, but some things are so obvious you can classify them as common sense rather than smart spending.”
Miranda from Wallet Hub presents Is It Worth It To Pay Someone Else to Complete Some of Your Everyday Tasks?, and says, “Is time worth your money? When considering paying someone else to do the things you can do yourself, you should consider a few things first.”
mbhunter from Mighty Bargain Hunter presents What would happen if the military just “went shopping”?, and says, “The military has a plan every single day. Imagine if they didn’t! Why shop without one, either?”
Money Beagle presents 7 Tips For Having A Green Lawn In Warm, Dry Weather, and says, “With this heat, is it possible to have a green lawn without it costing you a fortune?”
Neal Frankle from Wealth Pilgrim presents How Much House Can I Afford Calculator, and says, “Looking for an early Hanukkah or Christmas gift? Well here’s your very own, easy to use, “How Much House Can I Afford Calculator!””
Joe from Personal Finance By The Book presents House Flip #2 – Before and After Photos, and says, “As promised, I am keeping you abreast of each house my son and I flip. After selling our first house flip last fall, we started looking for “House Flip #2″, which we purchased in March of this year. We learned a lot with our first flip adventure, and we have tried to apply these lessons…”
Philip from PT Money Personal Finance presents Rental Repairs: Fixing Up My Rental Property, and says, “PT breaks down the costs of repairing and cleaning his rental property, the time invested, and offers some tips for do-it-yourself repairs.”
Debt & Credit
Adam Hagerman from Walking To Wealth presents Is Using Your Credit Card a “Threat To Thrift”?, and says, “Are there really people out there who just head to the local electronics store and stick 10-20% more goods in their cart just because they are using credit? Are they just buying things on a whim? People cannot be that moronic, right?”
Jeff Rose from Good Financial Cents presents Credit Score Scale: What is a Good Credit Score?, and says, “You know that your credit score is one of the most important bits of financial information about you. Where you fall on the credit score scale is often considered to be a way of determining what kind of person you are when it comes to managing your money.”
Peter from Bible Money Matters presents Getting Out of Debt: Top Strategies, Programs and Ideas to Help You Get Back in the Black, and says, “Today I want to take a brief look at some top strategies for getting out of debt. We’ll look at what things you should be doing if you want to get out of debt, explore strategies to help you dump your debt, and do a quickie review of some of the popular debt reduction programs available.”
Mike from Experiglot presents Experiment With Attending a New Conference, and says, “How you can benefit from attending a conference in the near future.”
Edward Antrobus presents Why I’m Not That Interested in More Money, and says, “At all income levels, the average person describes well off as more than what they have. It’s a dangerous game and I want out of it!”
Miss T. from Prairie Eco Thrifter presents Ways Going Green Can Improve Your Health – and Save You Money, and says, “Taking green actions can benefit more than just the environment. Going green can help improve your health, and save you money.”
Dan Meyers from Your Life Their Life presents Why I use a credit card + 3 people who shouldn’t, and says, “Dave Ramsey says to cut up your credit card… that’s true for some people, but I still use mine.”
Finance, Economy, & Taxes
Investor Junkie presents President Obama – Who Built My Business?!?, and says, ““If you’ve got a business – you didn’t build that. Somebody else made that happen.” – Barack Obama
President Obama that statement is an outright insult to any small business owner, and I’m offended by that comment. President Obama you have absolutely no clue what it takes to start, and run, a business.”
Glen Craig from Free From Broke presents What is LIBOR and the Scandal that Rocked It?, and says, “LIBOR is on many minds as we hear details of a huge LIBOR rate-fixing scandal reveal themselves. But what is LIBOR? How does LIBOR affect us?”
Teacher Man from My University Money presents Is Term the Right Life Insurance For You?, and says, “There’s always been a debate as to whether or not term insurance or some form of “whole” life insurance is the best kind to have. There are those who are quick to say, “buy term and invest the difference”, but there’s also a strong case for buying whole life to lock in the premium while you’re young and the premium will be much more manageable as you get older.”
FMF from Free Money Finance presents A Real-Life Example of Why You Need to Be Careful What You Put on Social Media Sites, and says, “We’ve talked previously about being careful about what you post online because of the career implications it can have. It was all theory for me at that point. But now I’ve seen a real-life example of what can happen if you’re not careful with your “personal” content and I thought you’d be interested in it.”
Bret from Hope to Prosper presents The Plight of Small Business in America, and says, “This week has brought a big political backlash against President Obama for saying, “If you’ve got a business, you didn’t build that.” The President should have chosen his words more wisely and small business owners have every right to be upset about this comment.”
Karl Marrion from WiseStockBuyer presents A Guide to Long Term Investing, and says, “Some of the richest people in the world made their fortune through long term investing, so surely it’s worth a look?”
Clint from Accumulating Money presents 11 Things Your Broker Won’t Tell You, and says, “Brokers also have their own interests, at the top of which is a desire to make money. All too often, the clients’ needs and desires come second to those of the investment broker.”
J.P. from Novel Investor presents How To Avoid Securities Fraud, and says, “People fall prey to investment scams, Ponzi schemes, pyramid schemes, and IPO scams all the time. Here are the best ways to avoid it.”
The Archivist from The Market Archive presents Using Covered Calls to Generate Regular Returns, and says, “If you have your wealth in very safe stocks that appreciate exceptionally slowly, then writing covered calls can be a great way to skim some profit while you wait.”
Dan from ETF Base presents New “Death Cross” Tactical ETF Chases Alpha and Beta, and says, “Check out this new “Death Cross” ETF and see whether it’s trying to beat the market by investing in it.”
Sean Smarty from Grow Money presents 7 Emerging Markets to Invest In.
Geoffrey from Financial Highway presents RRSP vs TFSA, and says, “When Canada introduced the TFSA into the mix of registered and non-registered investment accounts, it made an already difficult decision even harder. How do I allocate my investments between my TFSA, RRSP and non-registered accounts? We’ve prepared a number of examples below to help investors understand the tax treatment of different investment types and the optimal account mix for their portfolio.”
Pierre from Intelligent Speculator presents Sign That Times Are Bad.. Governments Desperately Looking For Revenues…, and says, “Is your government looking for money?”
Robert from The College Investor presents Warren Buffett’s Top 5 Tips for Investing, and says, “While over time he has thrown out a ton of different tidbits on investing, here are the top five tips Warren Buffett has given on investing:”
PK from Don’t Quit Your Day Job presents How Much Would Your IRA Be Worth if You Invested As Much as Mitt Romney?, and says, “I’m just playing around here, but it was a fun thought experiment: if you had invested the maximum allowed in defined contribution plans (as I assume the Romneys did) how would you have performed?”
Young and Thrifty presents What Is an Index and Why Are They Important, and says, “If you don’t know what an Index Fund is…You aren’t alone…”
Jacob from My Personal Finance Journey presents Individual Stocks or Index Funds?, and says, “This post describes Individual Stocks and Index Funds, and provides pros and cons of each in order for the reader to make an informed decision as to which investing option is right for them.”
Earth and Money presents Community Bonds – A Primer, and says, “Community bonds are just what they sound like – bonds issued by local, community organizations (either a non-profit or a co-operative) to local, community investors. The investment funds provide the organization with either money to pay down existing loans that they may have, or to provide start-up capital for a potential project, in exchange for a fixed rate of return.”
Miss Thrifty presents Now We Are Four, and says, “UK blogger Miss Thrifty celebrates her blog’s fourth birthday, with a look back at some popular posts and at how the economy – and our spending priorities – have transformed out of all recognition.”
Roshawn Watson presents What Makes You So Special?, and says, “Your competitive advantage in today’s job market lies in knowing what you do particularly well. Tell me friend, what makes you so special?”
Robert from Entrepreneurship & Life presents 3 Ways Banks are Becoming Entrepreneurial, and says, “According to the dictionary, entrepreneurial means “willing to take risks to make a profit”. Based on the years leading up to the financial crisis, that would be an accurate description of banking practices worldwide. Banks were doing anything they thought they could to make a profit. However, since 2009, it has been rare to see a bank take risks.
Don from My Dollar Plan presents How to Calculate the Total Cost of a New Car, and says, “I am in the market for a new car purchase. I’ve narrowed my choices down to two cars: a diesel hatchback and a hybrid hatchback. While the sticker prices for both cars are nearly the same, there are many other factors that you have to consider when purchasing a car. Read on to find out exactly what!”
Squeezer from Personal Finance Success presents How to save on college textbooks, and says, “I am a part-time college student, so I look for any ways to save money that I can. One of the ways I do this is by saving as much as I can when purchasing textbooks.”