How to Understand the Current Financial Mess

As you know, the U.S. financial markets are in a tailspin as a result of the failure or potential failure of numerous investment banks.  As of this writing, congressional leaders have worked out a $700 billion plan with Treasury Secretary Henry Paulson to help save the banks–and the economy.  Congress will vote on the measure [...]

Get Rich Slowly or Go Broke Quickly?

According to this report on CNN, it appears that investors in a massive Ponzi scheme (huh?) have lost millions:
A Florida man used facilities at the University of Miami to run a multimillion-dollar Ponzi scheme and recruited school employees for the operation, angry investors and investigators tell CNN.
Andres Pimstein, a UM business school graduate, has confessed [...]

Skip the iPhone 3G and become a millionaire instead(!?)

The new iPhone is here.  Lots of people will buy one.  But what if you didn’t buy one and saved the money you would have spent on it and the rate plan for a few years?
Just something to consider.
Props to J.D.
 

Friday Quicklinks

I share a lot of blog/news articles via Google Reader.  If you’d like to know whether what I’m reading would also interest you, you can add me as a Google “friend:” mgowin@gmail.com.  You can probably help me find some things that aren’t on my radar as well.
If you’re not into Google Reader, here are some [...]

Solving the Consumer Debt Problem

Photo by emdot
First: Seth Godin shares this "urgent" thought:

If I could only share one piece of personal finance advice to grads or to just about anyone, it would be this:
Only borrow money to pay for things that increase in value.
It’s a short list: your business, your house and your education, mostly. Stocks if you’re smarter [...]

Money Advice for College Grads

J.D. over at Get Rich Slowly asked his readers what bit of advice about money they wished they’d received as they graduated from college.  The answers aren’t surprising: a lot of folks wish they’d learned to budget, live within their means, and avoid debt.
Here are just a few of the responses:

I wish I would have [...]

Personal Finance Information for Missions Students

Rob Maupin, one of my colleagues who teaches intercultural studies, asked me to speak to a group of his students about money.  Neither Rob nor I learned anything (formally) about personal finance as college students.  As could be expected, then, we made some mistakes and learned a lot by trial-and-error.  Now, however, we’re trying to [...]

How to Make Money Online

Photo by fragglerawker_03
Making money on the Internet is easy. I think I’ve made close to $30–without hardly lifting a finger–in two years. Which leads us to this truth:

Making a lot of money on the Internet is hard.

Without an effective strategy, you won’t be earning a living from your online experiences. [...]