Whilst the general public are celebrating or getting ready to celebrate, Ms. SVB of The Digerati Life has worked hard to put up the Carnival of Personal Finance – Whimsical Christmas Edition.
Some of the entries which caught my fancy are:
Brip Blap makes an excellent point on getting our focus correct, i.e. on seeking to earn more than we spend rather than a focus on spending less than we earn. They are the same, but the focus is different.
You know, something like the woman saying, “Woman, without her, man is nothing.” And the man saying, “Woman, without her man is nothing.”
But I guess I have let Steve down somewhat. I have used the excuse of wanting to earn more, and have so far only ended up spending more.
Ms. Ana of Debt Free Revolution has a major aversion to debt and credit cards and is not thrilled with her father in law saying that we supposedly NEED credit to function in today’s American society. She is quite pleased with the way her financial future is headed…and that future does not really include credit!
Let’s hope that Ana does not run into Ms. Madison of My Dollar Plan during this festive season. Madison has a completely opposite view. For Madison of My Dollar Plan has a $1,020,270 credit limit on her 89 cards and has an action plan to apply for new cards and an additional credit limit if $42,100.
I agree with the Investors Journal that we should have our own rules to invest by. Rules that can properly reflect our investment philosophies and strategies. He also has some guides on how to set up these rules.
Dividends 4 Life has a very practical and a very workable approach for income. Seek dividend paying stocks and invest in them. He has previously written about his strict rules for the stocks to remain in his portfolio.
In this Carnival he talks about Dynamic Dividend Investing. The title of the post may seem a little rocket scientist-ish….but the suggested investment strategy appears to be quite straight forward. Worth our while to look it up.
There are a lot more articles presented at the Carnival. Check it out.
And a big hand of applause to Ms. SVB for this excellent job in hosting.
Posted in Carnivals
it takes a lot of trial-and-error to increase income. In a way, it’s much tougher than just decreasing spending. I can easily decide not to buy a CD. Figuring out how to increase your income is often a much tougher assignment. I’m still working at it myself!
