Money Is Not Important

Look at things differently.

Sat, 26 May 2012 14:31:00 -0500

Look at things differently.

THREE DAY WEEKEND!!!!!!!!! Anyone doing anything awesome?

Fri, 25 May 2012 13:58:00 -0500

THREE DAY WEEKEND!!!!!!!!!

Anyone doing anything awesome?

How much would you pay to use Tumblr each month? Follow...

Thu, 24 May 2012 18:19:08 -0500

How much would you pay to use Tumblr each month?

Follow @mini_utne

Photo

Wed, 23 May 2012 20:01:48 -0500

Photo

Wed, 23 May 2012 17:22:58 -0500

So, today happens to be my birthday, and I was hoping that you...

Wed, 23 May 2012 09:53:36 -0500

So, today happens to be my birthday, and I was hoping that you all could do me a favor.

As many of you know, I’m working on a book proposal based on this site. It’s been a lot of hard work, and I’m excited to begin sending it out to publishers. If you aren’t familiar with the process, it’s basically a business plan for your book. You must convince publishers that there is an audience for it. Part of that means showing them that you have a solid following on Twitter.

If you could help me with this portion by following Money Is Not Important on Twitter, I’d be so grateful!

Follow @mini_utne

Logic.

Tue, 22 May 2012 21:57:00 -0500

Logic.

See the difference? UPDATE: Some have taken issue with #5, but...

Tue, 22 May 2012 10:08:00 -0500

See the difference?

UPDATE: Some have taken issue with #5, but you’re missing the point. There are necessary student loans. “Unnecessary student loans” refers to those taking out loans for excessive living expenses, going back to school simply because you didn’t find a job right away, or staying in school longer than needed just because you don’t want to enter the real world.

Debt Reduction Methods and Philosophies: Snowball, Avalanche and More

Mon, 21 May 2012 22:11:55 -0500

Debt Reduction Methods and Philosophies: Snowball, Avalanche and More:

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 Snowball Method because of the psychological victories along the way, but check out this article for a great description of other ways to pay off your debt.

Turn Off the Faucet

Mon, 21 May 2012 13:51:02 -0500

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 and bucket to clean up the water. What happened next was the true test.

If a patient walked into the room and turned off the running water before they began mopping, they were deemed to be ready for release. Sadly, however, many patients would enter the room and begin mopping the floor without turning off the water. Although they were performing the task that was asked of them, they were unable to easily identify the source of the water—the running faucet.

So many of us have financial issues that are similar to this problem. We aren’t able to identify the source of the problem, and we find ourselves mopping floor and wondering why we aren’t getting anywhere.

Many personal finance sites will hand you a mop, but my hope is that I can help you find the faucet.

thedailyfeed: Did you know that the average dollar bill is so...

Mon, 21 May 2012 08:54:51 -0500

thedailyfeed:

Did you know that the average dollar bill is so hard-working, it has a lifespan of only about 18 months? In today’s history page, we bring you the long, winding story of American money.

What our early $1 bills lacked in utility, they made up for in color and dramatic graphics. The Bank of Germantown in Philadelphia, for example, released an orange-and-black $1 bill that depicted a group of sailors in a small boat trying to fight off the advances of a polar bear. Other mid-19th-century local bank notes bore portraits of mythological figures, children or even Santa Claus. There was still no national currency when the Civil War broke out in 1861, so Congress approved the issue of $150 million in national “demand notes.” These came in denominations of $5, $10 and $20, and the U.S. government used them to pay for war expenses and the salaries of military personnel. Union bills had distinctive green ink on their reverse side (which contrasted sharply with Confederate currency’s blank reverse side) — and they became popularly known as “greenbacks.”

pleatedjeans: via Glad it’s not just me.

Sat, 19 May 2012 16:36:12 -0500

pleatedjeans:

via

Glad it’s not just me.

LOL WHAT AN IDIOT

Fri, 18 May 2012 21:25:00 -0500

LOL WHAT AN IDIOT

soupsoup: Underwriters prop up Facebook stock to prevent it...

Fri, 18 May 2012 20:23:27 -0500

soupsoup:

Underwriters prop up Facebook stock to prevent it from tanking on IPO day

On the left side, you see the “bids” that are in the market for the stock. Those are the offers to buy. On the right you see the “asks”, which are asking prices by sellers. Note that next to each bid or ask there’s a “size” which is the size of the offer to buy or sell. Note two things: At the top of the left column, you see lots of bids at $38.00 on various trading platforms. (The BATS exchange, Arca, etc.). What’s more, the size of those bids are HUGE. Hundreds of thousands of shares compared to relatively tiny asks and bids everywhere else.

Should be interesting to see if they’ll still be there to save $FB on Monday.

I’d think that the SEC would have a problem with this. No matter how you slice it, the bottom line is they’re manipulating the market.

A Harvard MBA's radical quest to erase his debt

Fri, 18 May 2012 16:02:31 -0500

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.

When we hear about enormous financial successes like those who invested early in Facebook, it can skew your risk tolerance. For every story like this that you hear, keep in mind that there are thousands of people that lose their shirts on similar bets.

Fri, 18 May 2012 10:03:56 -0500

Where Dollar Bills Come From Every single dollar bill in the...

Fri, 18 May 2012 09:58:22 -0500

Where Dollar Bills Come From

Every single dollar bill in the world — every $20, every $100, everything — is printed on paper made at one small mill in Massachusetts. That’s been the case for 130 years.

shortformblog: racialicious: fastcompany: They were doing...

Fri, 18 May 2012 08:58:39 -0500

shortformblog:

racialicious:

fastcompany:

They were doing just fine before, but Facebook’s biggest minority owners are about to be catapulted into a far more elite bracket. As we ponder what they’ll do with with new millions (or billions in some cases), here’s a look at what got them where they are today.

Welcome To The Facebook IPO Players Club

This picture speaks volumes about who is included at the top levels of the tech game.

Some were smart. Some just had good timing. Others know how and when to invest. All will become rich today.

Fascinating.

"If you had inside knowledge of an investment that you thought would be worth more six months from..."

Thu, 17 May 2012 13:39:00 -0500

“If you had inside knowledge of an investment that you thought would be worth more six months from now, why would you be selling a large chunk of your stake in it this week?”

- John Shinal of MarketWatch, commenting on the fact that Facebook insiders are selling a large portion of their shares.

"Hey, do you know how I can get in on the Facebook IPO?"

Thu, 17 May 2012 09:39:45 -0500