May 09

This week’s roundup includes posts from my fellow bloggers participating in the Yakezie challenge.

Young and Thrifty offered a brief review of Malcolm Gladwell’s Outliers-The Story of Success, a book I enjoyed as well.

The Amateur Financier asks Does Success Skew Your Perception? This one really got me thinking, which of course is what I find best about reading others’ blogs. Roger starts with a discussion of Trent’s success at The Simple Dollar, and how he feels Trent implies that others can duplicate his own success blogging. He goes on to offer other examples such as “easy as riding a bike,” and since Roger never leaned to do so, that expression is an oxymoron. (uh, please pass me another jumbo shrimp.) I understand Roger’s point perfectly. For me, some things are simple. Years ago, I had my five year old daughter change a broken light dimmer. I walked her through every step, but touched nothing. The response I got from most adults was (a) they wouldn’t even do such a thing themself, and (b) that what I did was dangerous. I offer this anecdote to tell Roger that I do get it, and I wish him success in whatever he pursues.

Cool to be Frugal offered her own link post with Friday Link Love: Home Ownership Edition, Mrs Frugal included the Money Mavens Network posts and others who all discussed aspects of home ownership costs. Thank you for the shout out.

Beating Broke posted an update, My Wife Quit Her Job: One Year Later, an ongoing series about how his wife quit her day job to start her own business with with two of her friends. A risk, of course, but glad to see it’s doing well so far.

Aaroan at Clarifinancial asked If Death is Simple, Why is Life Insurance Complicated? A discussion of a pretty straightforward question I’ve often asked myself as well. Henry David Thoreau once said “Simplify, simplify.” (Yes, that’s the whole quote, sorry) I believe that most people who buy policies other than term don’t actually understand the product they were sold. Simplify, my friend.

My Financial Objectives introduces the story of One Red Paperclip in which we find a fellow (claims) to have started with that paperclip and after 14 trades, had a house. Of course, he wrote a book about it, which I’ve not run across just yet. My reading schedule is pretty full, but I’ll keep it in mind.

And last, A guest post by Kathryn Katz at Single Money Guy asks Are Your Friends Enabling Poor Spending Habits? I don’t doubt that we are influenced by those around us, this post will help you look at your own spending habits and how your friends help or hurt your finances. An interesting read.

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Apr 04

The Yakezie Challenge was created by a fellow personal finance blogger who goes by the pen name Financial Samurai. The challenge is to increase our blog visibility as we help promote others. This week my roundup includes bloggers who have joined the challenge.

Red discussed People behind the clutter on her site Girl With the Red Balloon. As I continue to read other bloggers, I find that the topic of clutter and how to avoid it continues to work its way into the dialog. Clutter impacts one’s time as well as money, and many suffer from it in one form or another. Red looks at one source of it.

Mike at Saving Money Today asks What Would You Do For $5? Me? Not much. But at Fiverr you can find people willing to do small projects for that sum.

Stay at Home Mom CFO wrote about Gambling and Emergency Funds. She is deciding whether to risk letting her emergency fund freeze at $1500, and use extra money to pay off debt. Knowing just enough about the debt (she calls it “high interest”) I’d say to go for it. Worse case, one can charge the emergency to the cards. On one hand, I agree with those who say a credit card or credit line should not be a substitute for an emergency fund, but I find that thought means letting money sit at 1% while owing money out at 20. Let’s see what she decides.

Young and Thrifty warns Why You Shouldn’t Pay for your Lottery Ticket with your Credit Card. Well, it’s because in Canada it seems that some card issuers are charging an extra fee since a lottery ticket is deemed to be a ‘cash equivalent.’ Yet another reason to avoid the lottery, or as some like to call it, the “stupid tax.”

Jason at Redeeming Riches tells us about 5 Things Every Baby Boomer Must Know About Retirement Savings. I’ve been reading Jason’s work for some time and his articles are always spot on. I am toward the end of the boomer generation, so this article hit close to home for me, a good read.

At Little House in the Valley, a guest post asking How Much House is Enough House? This is a recurring topic among bloggers. As we are in the midst of the housing collapse, many have realized they bought more home they can afford, and we are all questioning just how much house is right for us as the pendulum swings back toward normal times.

Nicole at Rainy-Day Saver posted another installment in her Fix-It Friday Series: Our Home Improvement Wish List. She has a remarkable to-do list. Projects that will save her family a nice chunk of change and give them the satisfaction of doing it themselves. I like her approach, I tend to do most things myself as well, maybe more than I should.

Good luck to my fellow Yakezie Challengers.You’ve given us some good reading this past week.


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