Dec 31 2007
Just a quick FYI, I will be doing some software upgrades to the site over the next day or so… Please bear with me – we could be in for a fun ride!!
Hopefully everything will be back to better than normal in a few day…
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addthis_title = \’Upgrading%26%238230%3B\’;
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Original post by bob
Dec 31 2007
This is developing into a Monday series where I will discuss motivation and inspiration to counter our Monday blues! Hopefully, this will help everyone start off the week right. Let me know what you think so I can continue to improve this blog.
When was the last time you bought something on impulse? Next time you really want to get something, why don’t you try to set it up as a reward? By doing this, you can motivate yourself to accomplish that task while giving yourself time to think about whether you really want it at all.
This past weekend, I really wanted a golf range finder just because my colleague bought one for my boss. Instantly, I felt like I had to have one. The device just felt like it was the next most important thing that I needed to get to improve my game. I chatted with my friend in [...]
Original post by MoneyNing
Dec 31 2007
With record bankruptcies, mortgage foreclosures and prices skyrocketing, it’s more important now than ever before to properly and effectively manage your personal finances.
Statistics show that most people could manage very well on the income they have now if they were able to keep their bills and expenses within their income. Sadly, too many people do not understand how to do this or how to recover once they have overextended themselves.
Personal Money Management is not a one step process. Simply having a budget in place or keeping up with your checking account isn’t enough. You need to follow a set process that covers several aspects of money management. Here are the basics of this process:
Set Your Goals
Most people think of setting goals as strictly long-term like retirement and college for the kids. While these are very important goals they are just the beginning. You need to decide what you and your [...]
Original post by admin
Dec 31 2007
You say you know where your money goes and you don’t need it all written down to keep up with it? I issue you this challenge. Keep track of every penny you spend for one month and I do mean every penny.
You will be shocked at what the itty-bitty expenses add up to. Take the total you spent on just one unnecessary item for the month, multiply it by 12 for months in a year and multiply the result by 5 to represent 5 years.
That is how much you could have saved AND drawn interest on in just five years. That, my friend, is the very reason all of us need a budget.
If we can get control of the small expenses that really don’t matter to the overall scheme of our lives, we can enjoy financial success.
The little things really do count. Cutting what you spend on lunch from five [...]
Original post by Everything Finance
Dec 30 2007
This is the last Sunday of the year and I’d just like to say that I will miss the lazy Sundays of 2007!! I’m sure everyone had a lot of fun during the holidays but it’s about time to turn our focus back to our careers and goals for 2008. Hopefully, reading these articles will help get you back to the normal swing of things!
Blueprint shows us a quick way to calculate our value of time!
Double Journey has a neat little calculator to tell you how much your lattes cost in future years. I’m sure we will spend much less money if we can take this calculator with us everywhere.
Fiscal Musings discovered a government website about personal finance! Maybe they finally seem to care!
On Financial Success tells us not to neglect the present when we plan for the future.
My Two Dollars has an interesting quote about [...]
Original post by MoneyNing
Dec 30 2007
I have been working on the Money in the Bible page here at ChristianPF. I found that many of the Bible topic books were concordance based, so they only had scriptures with an exact keyword in them (i.e. only scriptures with the word “giving” would fall under the topic of giving). Unfortunately, this can leave out quite a few really good and pertinent verses on many of the topics.
So, I have been compiling verses by topic over the last few months and while it is in no way an exhaustive list, it is a start. I will continue to update it and add to it as I stumble on verses or new topics.
If you haven’t checked it out recently, take a look and let me know what you think or if you have any suggestions.
Technorati Tags: Money in the Bible, scriptures about money, Bible, verses
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Original post by bob
Dec 28 2007
Today was my last day on my job at AT&T. Luckily, I received an offer yesterday and accepted the position in writing before going in to the office to turn in my laptop, badge, etc. Nothing like waiting until the bottom of the ninth with two outs and two strikes…
I’m taking the next two weeks off (not from investing and blogging) before starting the new job which I will tell more about it later. I have a busy weekend through New Year’s Day and will resume posting in 2008.
Thank you all for reading My Trader’s Journal throughout 2007. Happy New Year!
Original post by Alex Fotopoulos
Dec 28 2007
Yesterday, I talked about selling losing stocks so we can realize a capital loss to reduce taxes. However, we cannot just sell the stocks and buy them back just to get the tax benefits because it will violate the wash sale rule. This rule prevents us from taking a tax loss on a security sale if we bought the same or substantially identical stock 30 days before or 30 days after the sale.
If you do end up buying the stock back within 30 days however, the loss can be applied to the cost basis of the purchase. Let me illustrate.
Remember the ETrade (ETFC) that I mentioned about yesterday? Let’s say I sold all my shares at $4 per share after reading the article from this blog for a loss of $12,000 and I bought 1000 shares back at $3.80 today. The wash rule disallows me [...]
Original post by MoneyNing
Dec 28 2007
Its been more than 8 months since I started blogging here at Everything Finance and till now, its been a blast. I’m having a good time and I hope that my readers are getting something useful out of this.
Since I started blogging, some of my posts have been very popular. Here is a recap of my best posts in the year 2007.
Let me start with the post that became very popular on Digg 25 Rules to Grow Rich byI don’t think its my best work but for some reason Diggers enjoyed it.
Here are the others.Book ReviewsDo you want to be a Quiet Millionaire ?Investing is boring. Well, It should be!
InvestingWhy Passive Investing beats Active InvestingSaving for Kids College EducationUnderstand how bonds work ?US Treasury Savings Bonds
Home and MortgageBuying a New Construction Home: Do I need a realtor ?How do Realtors sell their own Homes ?What to Expect at [...]
Original post by Everything Finance
Dec 28 2007
My parents called the other day reminding me to cut back on dividend investing and start securing a house for our future. A house is a hard asset that always go up, they reasoned, but stocks are just pieces of paper which can vapourize into thin air.
Predictably after the call, I was in no hurry to scamper to the real estate parade and satiate realtors with fat commissions. Contrary to the popular belief, hard assets do stand firm behind stock certificates: factories, equipments, pipelines, phone towers, cheese, hot water tanks, railways, trains, pills, hydroelectric plants, customers, revenues, profits, bank accounts and many more. Moreover, real estate doesn’t always go up. Suppose you bought a home in Vancouver during the peak of 1980, it would have taken 26 years to recover your money.
However, I must concede that our net worth is running dangerously low on [...]
Original post by Financial Jungle Guy