Carnival of Personal Finance #117
by Jason Dean
The 117th Carnival of Personal Finance was published yesterday by kmull. Unfortunately, I was not able to submit an article for Smart Money Daily, because I was unexpectedly called out of town late last week (minor financial emergency — nothing major, and 100% resolved now). Nevertheless, I thought it was important to highlight some of the great articles from this week’s carnival.
Not Overpaying When Buying a Home from the Silicon Valley Real Estate blog was the editor’s choice for best in show. It’s a very thorough article that touches on many subjects most home-buyers overlook. For example, have you ever considered a house’s proximity to rental properties in determining its value? Well, you should!
Other articles recognized as “solid” by kmull included:
- The Digerati Life: Surefire Ways to Shrug off Market Slides
- KCLau: Dissecting Leona Hemsleyâ€™s Will
- Gather Little by Little: Personal Finance is like Driving a Car
And “honorable mentions” included:
- Saving Advice: 25 More Money Confessions
- Money, Matter, and More Musings: No More Free Money – Pulling The Plug On Credit Card Arbitrage
- Moolanomy: Does Dollar Cost Averaging work?
- Consumerism Commentary: 5 Romantic Outdoor Day Dates Under $30
Personally, my favorite article was The Money Series – Steps to Creating Passive Income by Edith Yeung. Here’s a sample:
Passive income = an income stream that you receive on a regular basis without your active continuing effort.
In other words, creating passive income is like building a wood fire. It takes time and effort to build and grow the fire. But once you get the fire going, it will sustain itself and give you the heat without you actively working on it. Passive income could come from rental properties, book royalties, software royalties, licensing fees, or investments in businesses like oil and gas, etc.
Another great carnival! Now I need to come up with a killer article for Carnival #118. Until next time…