Things I treat as investments, not spending

A lot of people are really cheap. They'd rather not spend $1 than spend $1 knowing they'll make $5 back. That's not smart. On the other hand, smart people know they should treat certain expenses as investments, not discretionary spending. Another way to look at is that it's ok (even preferred) to spend money on anything where you'll make a ...

A new IWillTeachYouToBeRich!

IWillTeachYouToBeRich.com is totally revamped starting today! You'll now be able to post comments (even on old posts), easily see articles by category (see the Table of Contents), and not be blinded by the ugliness of my old site. One quick note: I worked with Kamil Pelka from Helldesign and had an EXCELLENT experience. If you have any design projects, ...

WSJ: Americans fail to plan for retirement

From yesterday's Wall Street Journal: "The study, by Prudential Financial Inc., found that seven out of 10 Americans are more concerned with near- and midterm goals -- paying bills, buying computers, making home improvements -- than saving for retirement." (more…)

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How to stop credit card solicitations

This is good: By calling 1-888-5-OPTOUT (567-8688) or logging onto www.OptOutPreScreen.com you can "opt-out" of receiving pre-approved credit card offers for five years OR forever. "Opting-Out" prevents consumer credit reporting companies from using your credit file information for pre-approved offers of credit or insurance. That's from Sound Money Tips, one of the other personal-finance blogs I read. Oh ...

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

Dumb: “Econ majors know personal finance”

I like hearing dumb things because then I mock them and the person who said them. Here's the latest: "I'm an economics major! I don't need to learn about money!" Just because you're an econ major doesn't necessarily mean you know personal finance. That's like saying if you're a programmer, you're expert at using Microsoft Word. Give me a break, ...

Stanford Daily writes a nice article about I Will Teach You To Be Rich

From the Stanford Daily: College is the time when many students take charge of their own money. Now, thanks to the efforts of an economics whiz kid, students can set aside their financial fears. Ramit Sethi, a fifth-year co-terminal student in psychology, runs a program to teach college students and recent graduates about personal finance. Today, Sethi travels around the ...

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