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:

And “honorable mentions” included:

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…

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3 Responses to “Carnival of Personal Finance #117”

  1. glblguy on September 12th, 2007 5:07 am

    Thanks for the link!

  2. Pinyo on September 12th, 2007 6:42 am

    Thank you for mentioning my post. I think this is the first time I come across your blog, so I will be adding it to my feed reader.

  3. The Dividend Guy on September 12th, 2007 7:08 am

    I agree with you on the passive income article. What was interesting was the multitude of options available for investors. Of course, my favorite is dividends, but I am biased.

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