May 2012
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Debt Reduction Methods and Philosophies: Snowball,... →
When someone who has accumulated debt across a number of credit cards embarks on the journey to rid himself or herself of this debt, and when that person is generating enough monthly income to cover all expenses and the minimum payments due on all cards with additional funds left over, there are two main philosophies describing the best way to achieve this goal.
I typically recommend the...
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Turn Off the Faucet
I heard an interesting story this morning and I wanted to share it with you all.
Years ago, mental institutions used a simple test to see if one of their patients was ready to be released. They had a room with a sink in it and not much more. They would plug the drain, turn on the faucet, and allow the sink to overflow.
Then, they would ask the patient if they would enter the room with a mop...
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A Harvard MBA's radical quest to erase his debt →
B-school grad Joe Mihalic went on an extreme financial diet to pay down over $90,000 in debt in just seven months and charted his story through an anonymous blogging project.
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When we hear about enormous financial successes...
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If you had inside knowledge of an investment that you thought would be worth...
– John Shinal of MarketWatch, commenting on the fact that Facebook insiders are selling a large portion of their shares.
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"Hey, do you know how I can get in on the Facebook...
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Farewell to the Canadian penny
– The last one-cent coin, in circulation since 1858, was minted on May 4th. The coin had become a nuisance, weighing down consumers’ wallets and costing more to produce than it was worth. (via theeconomist)
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Identify and hone your work that could become... →
No matter what your profession, it’s easy to get caught up in the grind and lose sight of your work’s legacy. Instapaper developer and blogger Marco Arment decided to renew his focus on work that would be relevant decades down the line.
This great advice for those of us that tend to find ourselves trying to just survive until 5pm on Friday. What are you working on that will be...
Great Articles about Money →
tetw:
A Tetw reading list
The Best of Freakonomics by Stephen J. Dubner and Steven D. Levitt - How to make it, why we steal it , how to bet with it, and how it motivates us. A selection of the best articles from NYT column that became an international sensation.
To Have is To Owe by David Graeber - A lot of people have little understanding of what money really is - if you want to find out,...
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You may have tangible wealth untold.
Caskets of jewels and coffers of gold....
– Strickland Gillilan
Thanks, Mom! You’re the best.
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The price of anything is the amount of life you exchange for it.
– Thoreau
True dat, Henry David. True dat.
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The chances of you dying on the way to get your...
“The more you knoooooooooooooow…”
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Five Places You Can Listen to Music for Free →
Want to listen to music while working out or cleaning house but don’t want to pay an arm and a leg for it?
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How To Make Money Online (this is the only article... →
The first step is to stop Googling things like, “how to make money online.” Not because you shouldn’t want to make money online, but because the stuff you’re going to find by doing that is going to help you losemoney online. Sort of like asking a casino owner how to make money in Vegas…
Don’t pay anyone for simple and proven instructions on how to achieve this...
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What's the longest amount of time you've spent at...
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The idea that something coming out…that’s being offered with...
– Warren Buffett on why he won’t be buying Facebook stock
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There must be more to life than having everything!
– Maurice Sendak (1928 - 05/08/2012)
dreadlikeme asked: I just saw your reblog of Bankrate's post featuring a calculator to decide if it's better to lease or buy a new car. I think the premise if flawed, and it surprises me that you didn't point out what was missing. Namely, used cars are much more cost effective.
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An Open Letter to Journalists
One of the most monumental problems we face when it comes to pulling ourselves out of the recession is confidence. Consumers aren’t quite sure if it’s safe to spend again, and businesses large and small aren’t quite sure if it’s okay to hire new people. As long as consumers aren’t spending, businesses won’t hire (and vice versa).
Given the fact that we are...
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I think that one of these days you’re going to have to find out where you want...
– J.D. Salinger, The Catcher in the Rye (via bookmania)
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