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From Get Rich Slowly - view blog entries - visit this blogFebruary 4, 2008 at 2:00 pm ET
Deb Perelman at eWeek recently shared some advice on how to quit your job with your bridges intact. Too often smart employees let their guard down during their final days, and they do things that may actually damage their career. Perelman polled coaches, recruiters, and workplace experts to create a list of steps that can [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogFebruary 4, 2008 at 8:00 am ET
For the past few months, a gym to which I used to belong has been sending me “special offers” in an attempt to entice me to return. Because I’ve begun focusing on fitness, these almost work. But so far frugality has prevailed.
It bugs me, though, that the “limited time offer” isn’t so limited. First it [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogFebruary 3, 2008 at 11:00 am ET
This is a guest post from Betsy Teutsch, who writes about socially responsible investing, savvy consuming, and sustainable living at Money Changes Things.
I sit down to work at my second floor drawing table in the morning and look out the window at traffic backed up on Wissahickon Avenue. I marvel as I gaze at the [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogFebruary 2, 2008 at 11:00 pm ET
Despite several recent posts on broad issues like the economy, Get Rich Slowly is a blog about personal finance. I have little interest or expertise regarding politics and economics. I’ve received e-mail about the Presidential campaign and about various tax schemes, but I don’t intend to post much (if anything) about these subjects because, frankly, [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogFebruary 2, 2008 at 6:00 pm ET
And now for something completely different…
While listening to Styx this morning (yes, really), I realized the title track from their 1977 album The Grand Illusion does a good job of describing a part of the Get Rich Slowly philosophy.
Don’t be fooled by the radio, the TV, or the magazines. They show you photographs of [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogFebruary 2, 2008 at 8:00 am ET
During 2008, my wife and I will be tracking how much time and money we spend growing food in our garden. (Important note: Kris tells me she is not going to track her time, which may throw a monkey wrench into the works, but I’m going to do my best to coax her into providing [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogFebruary 1, 2008 at 2:00 pm ET
January was a great month at Get Rich Slowly. We had great discussions on a variety of topics. February may be a little slow, however; I’m training my replacement at the box factory. To pick up the slack, I’m willing to consider a new round of guest submissions. If you have something to say about [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogFebruary 1, 2008 at 8:00 am ET
Mitch recently wrote to me with one of the toughest reader questions I’ve seen yet. He lives a paycheck-to-paycheck existence, but will soon be coming into a lot of money. He wants to know what he should do:
It is now 11:45pm on 14 January 2008, the day before payday! It’s also about three day before [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 31, 2008 at 2:00 pm ET
When the Federal Reserve cuts short-term interest rates, as it did yesterday, you feel the pinch in your savings account. My ING Direct account, for example, has dropped from 4.50% when I opened it to 3.65% today. It may drop again.
Brian from The Job Bored dropped a line with a money hack for those who [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 31, 2008 at 8:00 am ET
The Federal Reserve has lowered short-term interest rates twice in the past week by a total of 1.25%. (They lowered the federal funds rate, not the prime lending rate, though that falls in lockstep with the former.) Many people are excited because they believe this will lead to lower rates on fixed-term mortgages, meaning the [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 30, 2008 at 10:46 pm ET
I’m another step closer to quitting the day job: today I began to train my replacement. I’ve never actually trained somebody in sales before, so this is a strange experience. It’s almost like the blind leading the blind! I’m hoping to find a quality sales seminar in the Portland area so that he can learn [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 30, 2008 at 4:00 pm ET
One of the most rewarding aspects of writing Get Rich Slowly is sharing success stories and strategies with the readers. In the forums, there’s an entire section devoted to financial success stories. Mostly, though, people share these via e-mail. Travis wrote today to tell me about his transition from debt to savings. Like me, he [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 30, 2008 at 8:00 am ET
This is a guest post from Lily of The Honest Dollar, a great new personal finance blog.
The most common ways to increase your salary are to get promoted or to negotiate a raise. But promotions don’t come along often, and negotiating a raise may or may not result in a salary increase. So [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 29, 2008 at 8:00 am ET
In 2004 Dr. Michael Lynn, associate professor at the Cornell University School of Hotel Administration, produced a paper entitled “Mega Tips: Scientifically Tested Techniques to Increase Your Tips” [PDF]. If you work in a restaurant, reading this pamphlet could help you increase your earnings. But if you don’t work in food service, knowing these techniques [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 28, 2008 at 7:56 pm ET
Are you drowning in debt? If so, Lauren Kesner from CNBC wants to hear from you. She writes:
CNBC Business Television is looking for someone who is, or was, in debt (about $30,000 or more) and is interested in being interviewed for a documentary that will address consumer spending and debt. We specifically need someone who can speak about their own [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 28, 2008 at 12:10 pm ET
Sara Noel at the Frugal Village blog recently shared some excellent advice about avoiding frugality burnout. “If you’ve been focused on frugality for a while,” she writes, “at some point you’ll probably feel discouraged, frustrated or even think about giving up.”
It can be tough to stay focused on your goals when it seems everyone around [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 28, 2008 at 8:00 am ET
On New Year’s Day, I shared my three primary goals for 2008:
To save a $10,000 emergency fund.
To lose 40 pounds.
To write a book about personal finance.
Some readers thought setting only three goals for the entire year was “pretty weak”, but this has enabled me to remain focused, and to spend a little time every day [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 27, 2008 at 11:00 am ET
This is a guest post from Mark Cunningham, one of the co-authors of The Prosperous Peasant. Cunningham is a member of the Woodstock Writers Guild, the monthly writing group to which I belong.
In my twentieth year I packed a large cardboard box with belongings and headed east by train to begin my artistic life in [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 26, 2008 at 6:36 pm ET
It’s strange to have written so much about the national economy lately. I feel like a fish out of water. As a result, I’ve spent much of today getting back to basics, preparing stories about frugality, meeting goals, and making money. I also took the time to visit some other personal finance sites, where I [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 26, 2008 at 8:00 am ET
Vintek pointed me to a Bill Moyers interview with John Bogle, founder of The Vanguard Group and patron saint of index funds. (He’s also one of my financial heroes.) Mostly, the conversation revolves around the problems with the modern U.S. economy:
BILL MOYERS: What is the job of capitalism?
JOHN BOGLE: Well, ultimately, the job of [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 25, 2008 at 6:53 pm ET
It took 325 days (from 15 April 2006 to 05 March 2007) for Get Rich Slowly to receive its first million visitors. It took 326 days (from 06 March 2007 until today) for the next four million to arrive. The five-millionth visitor just passed through the doors. These numbers amaze me.
I’d like to think that [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 25, 2008 at 8:00 am ET
A shaky stock market makes people nervous. Naturally, they’re scared of losing money. Alex, a reader in the U.K., wrote to say that he’s finally ready to begin investing, but he’s not sure that now is the time to do so. Should he wait?
I recently switched jobs to one that pays me better (and makes [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 24, 2008 at 9:22 am ET
I’m going to switch things up a little this morning. I generally share links from other sites at the end of the day, but we were out late last night at The Decemberists concert, and the entry I’d planned for this morning isn’t finished. (As some of you probably noticed during the 38 minutes the [...] ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 24, 2008 at 8:00 am ET
Write this, J.D.
---Related Articles at Get Rich Slowly:A Quick Trick for Tracking Credit Card Expenses in QuickenAsk the Readers: How to Live Debt-Free?Ask the Readers: Emergency Fund or Debt Snowball?Smart Money on How to Live Debt-FreeDaily Links: Debt Reduction, Stupidity, and Mutual Funds ... ( more)
From Get Rich Slowly - view blog entries - visit this blogJanuary 23, 2008 at 6:27 pm ET
I avoid discussing national economic issues at Get Rich Slowly because I am woefully unqualified to do so. However, people keep asking for my thoughts. Today I’m making a rare exception to offer my opinion about three topics that may impact your wallet.
Stock market woes
I spoke with Noelle Crombie from The Oregonian yesterday. She wanted [...] ... ( more)
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