Investing on a Budget: How to Get Started in the Stock Market without a lot of Money

In the not-so-distant past, stock trades cost $50 or more. Then Charles Schwab introduced the concept of “discount brokerage,” which forced the big brokers on Wall Street to lower their prices. Finally, the Internet made trading much easier and less expensive, and online brokers like E-Trade and Ameritrade competed to deliver even lower prices. But [...]

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Friend or Foe? How to Use Credit Cards to Your Advantage

In the 1990s, prominent personal-finance gurus were nearly unanimous in offering one simple instruction to their debt-ridden followers: Cut up your credit cards! Unfortunately for the people who followed this guidance, it turned out to be a bad advice. After all,  open accounts in good standing look good on your credit report, and if you [...]

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Small Steps Lead to Wealth: Carnival of Personal Finance 107

Here are my two favorite posts from this weeks Carnival of Personal Finance, hosted at has a very inspiring article for all of us who feel like it’s just too late to dig out of our cycle of personal spending and debt. “Our monthly expenses went from $6500 a month to $1200 a month. I [...]

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