Today’s roundup takes its title from the post Greed Is Good – Or Is It? What Jesus Would Say to Gordon Gekko at Redeeming Riches. It’s an interesting question, and I’d add to it; Is greed the basis of capitalism? Is it possible to have ambition and/or motivation without some level of greed?
An article by Dan Solin discussed To Convert to a Roth IRA or Not: That Is the Question. The question has really taken a jump in popularity as the income restrictions have been eliminated and conversion made in 2010 can be split over two years for income tax purposes. Dan’s article offers a balance view list the major reasons both for and against.
The Consumerist lists 28 of The Worst Money-Saving Ideas Ever. I don’t want to ruin a punchline, but there are 28 here, and I don’t mind saying that rinsing and reusing paper towels is just wrong.
ptMoney asked Should You Chase After the 5% Cash Back from the Chase Freedom Credit Card? If you are from the “Debt is Evil” school of thought, no card is for you, but if you are a card user, 5% is about as good as it gets.
Last, an article in Reuters suggested that Many U.S. consumers turn permanently tight-fisted. Turns out 26% feel this way, now. My bet? As the recovery improves their frugality will be long forgotten. Too bad.
Joe
(You’ll note a new link to the right. Tomorrow, I’ll tell you this girl’s story, and ask that you consider being a Friend of Bella too)
I really enjoyed that discussion, Jason, and I’m feeling old (The first Wall St Film was in 1987 (!)).
Joe – I’m honored! Thanks for the link and mention and also contributing to the conversation – it was a fun post!
Thanks!
Why of course it’s possible to have a capitalist system without greed. Greed is actually as much a corruption as pornography is of romance. For while increased comfort requires more money, greed is more money for more money’s sake.
I certainly agree that the frugality will subside as the economy improves. Coincidentally, I just wrote a post about this on Friday, titled Savings Down, Spending Up but What Does it Mean?
Regards,