Posts I Enjoyed Last Week
Forget about saving for your retirement. You can get rich easily and quickly, IF somebody in your company cheats to fat their own wallets first. An interesting story by Silicon Vally Blogger at The Digerati Life reveals a dilemma that while the practice may be tainted, but what can you if ordinary folks also benefit?
Jeremy at Generation X Finance discusses the real estate generation gap between the baby boomers who “have fueled the housing market for the past 10-15 years as their kids moved out and a strong economy allowed them to buy or build a bigger house,” and Generation X who “do not seek or have a desire to own a large home.” If the baby boomers are cashing in on their real estate investment, who are buying?
While I used one more 0% balance transfer offer from Bank of America last week, Lazy Man at Lazy Man and Money is quiting the credit car arbitrage game, which has been fun so far for me in terms of the free loan I received. But if it comes with a high price tag (time & fees), the game may be not worth playing at all.
So you save and invest your hard earned money hoping to ride a growing economy to a happy retirement, with a little extra help from the magic of compounding. Do you ever wonder how long it will take for one dollar invested money to become two? Golbguru at Money, Matter, and More Musings offers a look up table that will make the guessing game a whole lot easier. In my opinion, it may as well encourage you to optimize your portfolio to shorten the time frame.
Fact and fiction in personal finance world. Ben at Money Smart Life asks “Are Money Myths Costing You Cash?” Here’s one of the questions that I like: Cashback credit cards will put more money in my pocket. Really? Take the entire quiz and find out the facts and myths.
Want to be rich? Who doesn’t! Henry at Binary Dollar shows you how with a Venn diagram and two easy steps.
Flexo at Consumerism Commentary offers Another Form of Credit Card Arbitrage by taking advantage of Health Savings Account (HSA). And, you can indeed profit from HSA and here’s how.
I bought tons of stuff online, from big screen TV to paper clips. Not just I can get better deals (pick and choose), but also save money on taxes (though sometimes I do have to pay taxes and shipping fees). Jim at Blueprint for Financial Prosperity asks Do You Buy Online To Avoid Paying Sales Tax? What’s your reason?
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Thanks for the mention!
Hiya Sun! You beat me to the Venn Diagram
! Very nice way to summarize the week.
Ever time I read about making money on 0% balance transfers, I want to give it a try Then, I start weighing the pros and cons, and still want to give it a try. . . but don’t. What’s wrong with me?