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91 Ways to Wealth: Carnival of Personal Finance #106

by JS 


Some highlights from this week’s Carnival of Personal Finance hosted at The Digerati Life.

Cash Money Life features a whitty little spin-off of the Vatican’s 10 Commandments for Driving called The 10 Commandments of Money.

My favorite is #5 :

Thou Shalt Not Keep Up With The Joneses (Thou Shall Not Covet Thy Neighbors Money): The Tenth Commandment. Keeping up with the Joneses is a big reason many people get into debt. If you desire something, set realistic goals and work toward them. But remember, your neighbor may have gone into debt to buy the same thing that you desire!

Over to The Tao Of Making Money for Is It Wise To Quit Your Day Job And Depend On Your Website For Income? Based on a question from a reader (I actually received the same reader question and assumed it was a joke), but if you take it seriously you’ll see it is a pretty simple answer.

 The wisest thing you can do is to make an informed and well calculated decision (either for or against your day job), and work hard and excel at whatever you ultimately decide to do.

Finally we have Logan Flatt’s A Simple, 3-Step Program … err for retiring into abjet poverty that is. I is a humorous look at personal finance, but what’s really not so funny is that it is pretty close to the program that most of the middle class is following.

Now, to do Step #1 the right way, let me let you in on a little secret: Once you’ve spent all your income such that you have saved next to nothing, simply borrow money from others so that you can spend even more. At first, borrowing money from others might sound a little challenging. After all, the average American is out there in the economy spending almost every last dime he or she has, so they have no money to lend to you.

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Comments

One Response to “91 Ways to Wealth: Carnival of Personal Finance #106”

  1. Logan Flatt, CFA on July 2nd, 2007 9:11 am

    Thank you for the call out!

    Logan.

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