When Good People Give Bad Financial Advice

Published in February 29th, 2008

Posted by Jacob in investments, money, personal finance

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!In this guest post Hunter Nuttall talks about the challenges of giving financial advice. Although well intended, some advice can be ill suited for the person or just plain wrong. It is something we should all be aware of [...]

What people ought to know about the different kinds of personal finance blogs

Published in February 28th, 2008

Posted by Jacob in blogging, cost of living

15 Comments

Personal finance blogs primarily fall in three major categories. First, there are the “getting out of debt” blogs. Second, there are the “just got out of college” personal finance blogs. Third, there are the “career track” personal finance blogs. Of course there are more categories such as retirement blogs or I-won-the-lottery blogs, but these are [...]

Do you save to invest or to spend?

Published in February 27th, 2008

Posted by Jacob in money, saving

9 Comments

Do you save for retirement, emergencies, or big purchases? Or do you save to invest and obtain an income from your savings? One may say it does not really matter but there is a crucial difference in perspective between the two different approaches(*)
I used to be a saver. “Savers” ultimately save money to spend it [...]

MBTI and societal behavioral patterns

Published in February 26th, 2008

Posted by Jacob in consumerism, culture, ecological footprint, personal finance

9 Comments

I think the reason that many people have the need to spend so much money and save more than 1 million for retirement is that is that they feel that security is achieved through ownership of multi-bed/bathroom houses (castles) that are built around car garages that house full size cars or big SUVs sometimes in [...]

“Self-indulgent schlok”

Published in February 25th, 2008

Posted by Jacob in blogging

12 Comments

I just saw that commenter on another blog called this blog “self-indulgent schlok” [sic!]. I think a blog - by construction - is about the blogger’s personal thoughts. By writing this blog I am indulging myself in my personal finance plan/vision and lifestyle. So self-indulgent indeed! How could it be any other way? I [...]

A plan to financial independence at 35

Published in February 25th, 2008

Posted by Jacob in financial independence, freebies, frugal, saving

14 Comments

This is a guest post by Elizabeth from Working for Rachel. Elizabeth is starting her savings and plans to gain financial independence in 8 years at 35. If you like to read more please consider subscribing to her RSS feed.
I’m 27, and I want to retire at 35. I live in a big midwestern city [...]

My commute is awesome

Published in February 24th, 2008

Posted by Jacob in transport

8 Comments

I have the best commute in the world. I travel at top speed and I am rarely bothered by slower people in front of me since I always pass them without considering oncoming traffic in the other lane. Some times there are faster people on the road. This is fun as we can start racing [...]

Saturday Roundup and Carnivals - the class society edition

Published in February 23rd, 2008

Posted by Jacob in announcements, carnival, culture

12 Comments

I found a New York Times article on to measure your relative position in prestige, education, income and wealth. Sounds fun so here are my numbers.

Occupation: 82th percentile. This is based on a survey of what random people in America thinks is the most prestigious. For someone that frequently get blank stares when I [...]

Get wealthy trick: Don’t spend any money until it is re-earned.

Published in February 23rd, 2008

Posted by Jacob in compound interest, money

7 Comments

Some people use credit to spend their money before they have earned it. Other people spend money as they earn it. However, if one wants to get wealthy, one needs to re-earn the money.
First order re-earnings work like this. Pick an interest rate, let’s say 4%. Once $100 is earned, it is deposited in a [...]

Programmers, ultra-marathons, and voluntary simplicity

Published in February 22nd, 2008

Posted by Jacob in motivation, rat race, standard of living, voluntary simplicity

11 Comments

I just rediscovered the simple living network thanks to a blog by Fred Ecks(*). As far as I have been able to understand he decided to quit his job as a programmer at age 35 and adopt a simple lifestyle. He now spends time renovating a sail boat and doing ultra-marathons.
Sounds eerily familiar. Here’s [...]

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