Best of Money Carnival #59 – Financial Lessons From the World Cup Edition

July 12, 2010 · 6 comments

in 2010, carnival, debt, employment, employment income, financial education, financial planning, spending, taxes

andres-iniesta-wins-World-CupWelcome to the 59th edition of the Best of Money Carnival!  This is a traveling personal finance carnival that doesn’t merely list good personal finance articles around the web, but tries to rank them and pick a winner. 

This week saw 59 submissions, from which I was able to select a good 26 or so – after that it was difficult to narrow.  These final selections represent a mix of criteria, from articles that I thought would be beneficial to a wide range of readers, as well as personal finance topics which personally grabbed me by their in-depth focus or original take on a common issue or problem.

Chances are, you or someone you know watched all or part of the FIFA World Cup Final yesterday – I watched the whole thing; I admit it started to confuse me that neither team seemed able to score.  Spain was so clearly offensively better than the Netherlands, but they just couldn’t seem to finish the job.  At many points, they seemed too focused on fancy strategy.

One major takeaway from the event is that the goal is all that matters – even if it comes in overtime and took everything you had to make it.  At the end of the day, it’s that one goal that makes you a winner.  No one’s going to go back and check to see whether it was a pretty goal or just a fluke – all that matters is that you got the job done.

With finances, what’s your ultimate goal?  What is the one achievement, that, if accomplished, would change everything?  Figure that out and then just take your best shots.  Don’t be too concerned with all the details or how shiny it looks from the outside.  What can you do to just make it happen as quickly as possible?

With that I’ll share with you my top ten picks.

Top Ten Personal Finance Articles

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The winner is:
The Budget Life Blog, for Miranda Marquit’s article, 10 Steps Everyone Should Take to Prepare for Their Own Demise submitted by Susan Howe. 

As Susan puts it, “No one likes to think about dying, but it’s something that we all experience, and ignoring it won’t make it any easier. And, while it probably won’t be any walk in the park for you, remember that your loved ones will be also profoundly affected by your passing. Here are 10 things you can do to prepare for when you finally cash in your chips.”  This is an excellent read and great starter for thinking about leaving behind a legacy, among other things. 

The other nine finalists include:

Green Panda Treehouse discusses Killing Student Loans When You’re Still a Student posted at Green Panda Treehouse.

PT Money presents Do You Know Your Daily Salary? Use it to Better Understand Your Money posted at PT Money.

MoneyNing, who presents What are You Willing to Go Into Debt For? posted at Money Ning.

Jessica Bosari with Five Lessons on the “Up”s and Downs of Financial Life | billeater.com posted at Billeater.

Silicon Valley Blogger for How To Survive A Job Loss: Next Steps? posted at The Digerati Life.
 
Paul Williams, presenting Wake Up from the American Dream posted at Provident Planning.

BWL on Handling Occasional Expenses: What Works For Me posted at Christian Personal Finance.

Joe Plemon presents Why Don’t the Economic Experts Tell Us the Truth? posted at Personal Finance By The Book.

Mike Piper explains How is a Sole Proprietor Taxed? posted at Oblivious Investor.

That’s it – thanks for checking out this edition.  Please let us know your favorite article below (or the answer to the question of what is *your* ultimate financial goal) and be sure to check out all of the blogs above. 

If you found this article useful, please retweet it on Twitter or stumble it on StumbleUpon.  I’d also love it if you subscribe to my RSS feed for free tips and posts like this one delivered right to your reader or by email (posts are not for duplication).

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{ 6 comments }

1 Joe Plemon July 12, 2010 at 12:35 pm

Thanks for hosting and putting together this great (and diversified) carnival. I am honored to be included.

2 Miranda July 12, 2010 at 12:42 pm

Thanks for including my MoneyNing post! Great carnival. I was a bit bummed about NED, though. We were cheering for the Orange Crush at my house.

3 Mike Piper July 12, 2010 at 1:25 pm

Thanks for including my article on sole proprietor taxes. I never know how tax articles will go over — they’re important but not exactly exciting. :)

4 MoneyEnergy July 12, 2010 at 2:22 pm

Great job all around!:) I was happy for the Dutch, too, but I really liked the way Spain played and had a feeling they were going to win all along – just can’t believe it took that long!

5 Panda Mike July 12, 2010 at 3:51 pm

Thx for inlcuding my post!

it’s always nice to be featured as one of the best article of the week!

6 PT July 19, 2010 at 3:01 pm

I was just disappointed the US didn’t go further. It was a good run though. Most fun I’ve ever had watching soccer/football.

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