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Posted
Jul 07 2008, 04:49 AM
by
Karen Datko
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This post comes from J.D. Roth at partner blog Get Rich Slowly. While sorting through reader e-mail recently, I began to detect a subtle recurring theme. People were writing to me because they had a goal in mind, but their present circumstances seemed to be far from their intended destination. These two points were so far apart, in fact, that my correspondents were afraid to begin moving. Because the distance seemed overwhelming, they were paralyzed. The importance of action I used to feel this way, too.
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Posted
Jun 17 2008, 11:19 AM
by
Karen Datko
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Here's a little snapshot of reality we never thought we'd see: MP Dunleavey owns fewer pairs of jeans than we do. (She has one; we have two.) That factlet about the often loved, sometimes maligned New York Times and MSN Money personal-finance writer was contained in an e-mail interview she did with U.S. News & World Report. We've been among those who have sometimes wondered about MP's spending choices, particularly when she bought a larger house, but that wardrobe confession compelled us to give her another look.
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Posted
Jun 09 2008, 02:53 PM
by
Karen Datko
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Those who are serious about paying down debt have crafted their own little devices and mind games. For instance, we use the money we earn from our pet-sitting business to make extra payments on our mortgage principal. FloridaChic was born with a shopping gene, but she's learned to channel that impulse to pay off credit card debt. She explains her mind game in a post at Debt Smack called "The lazy girl's guide to snowflaking." This blogger might think she's lazy, but she has serious mind control.
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Posted
Jun 02 2008, 05:37 AM
by
Karen Datko
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This post comes from J.D. Roth at partner blog Get Rich Slowly. I pulled out my camera gear last night. It's been two years since I used it regularly. Before I started Get Rich Slowly, I seriously considered trying to become a professional photographer. But for a long time now, my camera stuff has been gathering dust in the corner of my office. I can't even remember the last time I used it. It's fun to look at all my equipment again. It's fun to handle it, to imagine the possibilities. I'm eager to get outside and make some images. As I sorted through my bodies and lenses, though, I had to shake my head.
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Posted
May 30 2008, 01:34 PM
by
Karen Datko
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Tell us, Kristy, what do you really think of Dave Ramsey and his debt snowball? "My opinion of Dave Ramsey is that he's horrible with math and probably not so good at psychology, either," Kristy writes at Master Your Card. Wow. Strong words about many people's favorite financial guru. Of the snowball, she says, "I don't think it makes good financial sense to teach people a method that costs them more money just because it may make them feel better." (In some parts, them's probably fightin' words.)
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Posted
May 18 2008, 08:45 PM
by
Karen Datko
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This post comes from J.D. Roth at partner blog Get Rich Slowly. Recent research at the Stanford Graduate School of Business suggests that shopping can lead to more shopping. When such savvy marketing researchers as Uzma Khan of Stanford, Ravi Dhar of Yale, and Joel Huber of Duke noticed that shopping sometimes proceeded unchecked even in their own private domains, they decided to get to the bottom of things. Setting up a series of tests of purchasing behavior, they found that for most people buying that fateful first -- and often innocent -- item seems to open the purchasing floodgates. This realization, they say, has important implications for how stores are laid out as well as for understanding individual behavior. These researchers indicate that shopping is a two-stage process.
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Posted
May 13 2008, 01:30 PM
by
Karen Datko
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Choosing to eliminate debt isn't simply a matter of spending less, "Finally Frugal" has found. You may have to deal with a lack of support from loved ones. We're sorry to hear that her family's response to her new goal "was one of ridicule and disbelief." You also have to identify and confront the demons that have made you spend more than you earn. In her case, the demon is envy. In a thoughtful essay, Finally Frugal provides some detailed solutions for overcoming her insecurity.
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Posted
Apr 22 2008, 01:44 PM
by
Karen Datko
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Some people are financially sidelined by circumstances beyond their control, while others just poor-mouth -- making excuses for their circumstances with phrases like "The poor man just can't get ahead" or "We struggle just to make ends meet" or "I work hard so I deserve it." "Frugal Dad" calls these folks the "perpetual poor" and explains how you can identify them in this biting and humorous post. For instance, he writes, those who use the "poor man" rant referenced above "can recite the last five winners of American Idle (that's not a typo) from memory, haven't picked up a book since high school," and "never stretched to learn a new skill at work, but complain about being passed over for promotions."
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Posted
Apr 22 2008, 06:30 AM
by
Karen Datko
This post comes from partner blog Blueprint for Financial Prosperity. Have you ever gone to the mall and impulsively bought something you hadn't intended to buy? Have you ever gone to the grocery store and walked out with a couple things you didn't plan on getting? Sure, we all have.
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Posted
Apr 21 2008, 06:36 AM
by
Karen Datko
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This post comes from J.D. Roth at partner blog Get Rich Slowly. Stories about national economic woe abound. I've had conversations with a few of my friends about the mortgage mess, about recession and a possible bear market, and about the nature of poverty. The economy is sour in the United States (and elsewhere in the world), and this frightens many people.
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