Former WSJ columnist gives advice to iwillteachyoutoberich readers

While I was in New York a few weeks ago, I stopped by to meet Jonathan Clements, the former columnist for the Wall Street Journal -- which I thought was the best personal-finance column in the country. (Here's one of his columns: Twenty Tips for No-nonsense Investing.) Jonathan is now the director of financial guidance at MyFi. While I was ...

This is why you should ignore daily news on money

July 23, 2008: Financial Stocks Rise Wondrously on Woeful Results "...triggered a rally in financial stocks. A Standard & Poor's index of 29 companies -- including lenders, Wall Street firms and money managers -- has jumped 31 percent since July 15... Some words used in this article: "triggered a rally, jumped, climbed, bounced back, progress, profitable, whopping number, could be that ...

The article everyone is talking about today

...is the phenomenal New York Times article written about how a woman named Diane McLeod got into thousands of dollars of debt. It's remarkable because it includes a rich set of multimedia features that let you understand how many of us get into so much debt -- and also allow you to compare yourself to others. They include: An overview ...

What about forex investing? Oil? The middle east?

I get these emails all the time and they drive me nuts. Victor writes: I read your blog often, and I've been looking into trading currency on FOREX. I know there is lots of risk to it, as there is to any type of investing. What is your advice and idea on it? My response: Have you set up a ...

My Free Insider's Kit will show you how to earn more money

Where should you invest your first million?

My friend Tim Ferris (author of the Four Hour Workweek, which I reviewed here and hundreds of iwillteachyoutoberich readers bought) asks Warren Buffet how someone should invest their first million. What do you think Warren Buffet says?

“Should I invest in CDs or a Roth IRA?”

[Update]: See below for some great (and controversial) comments debating my stance that bonds are not for young people. Sherene writes: I am a recent college graduate and I want to put the little money I have saved (approx $3,000) into something that will give me good returns over the years. Would you suggest I get CDs or a ...