Carnival of Money Stories #5: The “Other People’s Money” Edition – Use It, Don’t Abuse It!

June 8, 2009 · 8 comments

in blog(s), carnival

Key To Your Finances

Welcome to the latest edition of the Carnival of Money Stories run by Adam at Your Money Relationship.  Some great entries this week.  This represents a selection of some of the best.  Articles were chosen on the basis of merit and relevance to the “Money Stories” theme.  Thanks to everyone for participating!  You can submit an article for the next edition here.  Also, the next  Carnival of Cashflow Consciousness will be held at Passive Family Income.  If you’d like to host one, let me know!  Any articles on increasing your passive income are welcome – submit here.

Editor’s Top “Money Stories” Picks!

Must-read! Lynne from the Wiser Miser tells us about the time when she stooped so low as to go get a haircut at Wal-Mart in order to save some money.  Moral of the story: keep your glasses on and think twice before heading over to Wal-Mart hair care!  Lynne didn’t even submit this herself but I included it because it’s… something you just have to read!:)

Patrick at Cash Money Life presents The Money Marathon: It’s Not How Far or How Much, It’s the Effort.  Great short story for inspiration.

ManVsDebt shares with us tips on Test Packing: Doing A Trial Run Before the Move – extremely useful guide, be sure to check it out!

J. Money from Budgets Are Sexy presents “All financial books from the past 10 years should be burned!” – saying: “That’s what a book store owner told me when I asked to see his finance books. I think he’s on crack.”

Jim at Bargaineering presents BVC #13: Financial Snatchfile, his thirteenth blog videocast.  Jim’s videocasts now get up to 15,000 views each in the first two weeks alone!  Make sure you check it out.

Investing Stories

FMF presents yet another resourceful article, “I’m Still Buying,” posted at Free Money Finance.

The Smarter Wallet presents S & P Index and Crude Oil Market Trends: Next Steps? talking about how she buys stocks.

MB presents Current Net Worth Update: Looking To Invest Again posted at Money Blue Book. Check it out to see what happens to your finances after spending a few months overseas!

Jeff Rose presents 7 Things To Know About a Solo 401(k) posted at Good Financial Cents.  Jeff notes that “as a new business owner, I had a choice to do a SEP IRA or Solo 401k. While I chose the SEP, here’s what I learned about the Solo 401k.”

Manshu presents a List of Gold ETFs over at OneMint.

Other People’s Money

Silicon Valley Blogger from The Digerati Life presents Prevent Identity Theft: Some Credit Report Monitoring Services and Options, an id theft story that spurred her to write this article.  ID theft is really a sad case of using “other people’s money.”

KCLau talks about why Robert T. Kiyosaki is a best-selling author (and his favorite!).  Kiyosaki has also been an advocate of using “other people’s money” if you know what you’re doing.  By the way, that’s just his phrase for talking about legimitately using leverage – and you really have to know what you’re doing for that to be successful and not come back to bite you!

Steve Rhode presents I’m So Embarrassed About My Money Situation. Can You Tell Me The Truth About Debt Settlement? – Gloria posted at How to Get Out of Debt.

Madison presents Readers Share Lending Club Returns posted at My Dollar Plan.

Funny About Money presents The bankrupt are not like us (?). Slightly polemical stories of bad financial decision-making.

Mr Credit Card presents Broke Ass Student Interview – A Debt Reduction Story posted at Ask Mr. Credit Card.  A great quote from BrokeAss-Student: “Instead of telling myself I can’t afford something, now I ask how can I responsibly afford it?”

Craig from Money Help For Christians offers a very thorough guide on how to have a Debt-Free Christmas in 2009.  Might seem far away now, but it’s a good time to start this planning!

CreditCardAssist presents Credit Cards- One Size Does Not Fit All, which talks about the use and needs of credit throughout the stages of the life.

Me In Millions talks about why credit cards don’t suck (for her).

Money Miscellanies

Ben from Money Smart Life presents Summer Money: Graduations, Weddings, Investing.

Len Penzo presents Nobody’s Perfect: My 10 Dumbest Money Mistakes (Part 1).

Jack Schmidt presents 7 Keys to Financial Survival posted at SectorMatic Money Journal.

Lucrative Investing presents Marketing Minute with Jennifer: The Marketing Mix and Q, a discussion about the four “P’s” of marketing – taken straight from his recent B.B.A in marketing communications!

Darwin’s Finance gives a lot of details about the benefits and risks of 40 Year Mortgages – And 50 & 60 Year Mortgages While We’re at it.

LAL presents When life happens posted at LivingAlmostLarge.

Curt presents Open Communications Is More Profitable Then Keeping Secrets posted at PennyJobs.com.

Two Pennies Earned presents an update on the “Nielsen Homescan Consumer Panel Scam.”

NtJS from Not The Jet Set presents Full Disclosure: Car vs. Roof, a story about raiding his car fund to pay for a new roof.

There you have it – I hope you enjoy these articles as we head into the second week of June already, even though many of us aren’t feeling it much in the weather yet:(

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{ 8 comments }

1 Manshu June 8, 2009 at 10:18 am

Thanks for hosting!

2 Craig June 8, 2009 at 12:56 pm

Thanks so much for hosting. There are a lot of great articles to review.

3 Funny about Money June 8, 2009 at 1:39 pm

Thanks for hosting–nice job. And thanks for including Funny’s speculation on the psychology of the serially bankrupt.

4 Patrick June 8, 2009 at 3:38 pm

Thanks for hosting! :)

5 Len Penzo June 8, 2009 at 11:01 pm

Thank you for including my post on my 10 dumbest money mistakes! I appreciate the chance to show our readers how stupid I have been over the years… ;-)

My $0.02 (after taxes)

Len

6 Lynne June 9, 2009 at 5:04 am

great! I’m pumped you included me. I haven’t been doing this very long so it doesn’t occur to me to do things like submit my posts. :) I’m glad you’re doing it for me. I’m such a lazy blogger!

7 Jack June 9, 2009 at 11:22 am

Identity theft is way to easy these days and some people still don’t care. Like last week I met my sister and she said she lost her wallet couple days earlier and haven’t reported it. I mean come on! If someone assumes her identity she’ll have no proof it wasn’t her.

8 J. Money June 11, 2009 at 1:47 pm

awesome, thx for the editor’s pick!!!

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