My Personal Finance Journey

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A Week's Worth At PFBlog Network #5

Contributed by mm | May 2, 2005 7:31 AM PST

PFBlog Network is officially one month old! Including my original blog and our newest addition Prospect, there are 14 gold channel in our lineup as we are getting bigger. This week marks the first time we have more than 50 new posts produced in the network. Enjoy the best posts of the week!

Bloggers' Personal Stories

• Flexo published his April financial reports. (He also offered clues about Google ad earnings in his balance sheet, which I don't.)
• Jim continues his house-hunting. Not much progress so far, but he truthfully documents everything in his blog.
• Jim is concluding that getting an MBA degree from employer-sponsored program is defintely worthwhile.
• Our new blogger prospect is also struggling with the house-buying dilemma.
• Love these free-after-rebate deal? What if the company goes bankrupt? Here comes the true story.
• Canadian market leader for low-cost brokerage: Ameritrade Canada.
• FG from the money garden reported price slashing in local real estate market.


Personal Finance Resources

• Read the complete series of Free Money Finance Principles:
Principle 1 -- Maximize income from all sources
Principle 2 -- Minimize expenses
Principle 3 -- Control liabilities – eliminate liabilities and limit or eliminate borrowing of any kind
Principle 4 -- Invest in appreciating (or at least neutral) assets only
Principle 5 -- Protect the value of your assets

Keep a paper trail is important when dealing with financial institutions. (Part 1, Part 2)
• Hate the high gas prices? Don't misplace your anger on gas stations, which only earn pennies each gallon.
• ING 1-year CD is yielding 3.60% now, although fg still doesn't think it's a good deal.
• No matter what you think of Jim Cramer, take some time to check out the daily episode recap by BA from Reasoned Investing: 4/25, 4/26, 4/27, 4/28, 4/29.
• Want quality health care? Recog dig out the hospital comparison site from Department of Health & Human Services.


Personal Finance Tips

• You have less than two months to consolidate your student loans at the best rate now.
• Marginal tax rate should play a part in your investment decisions. (MM's bonus add: figuring out your true marginal tax rate is not easy.)
One of the best credit card offers will not be there for long.
• Short post, simple truth: You are the only one responsible for your financial well-being.
• How to balance 401(k) and Roth IRA contributions? When you cannot contribute to full, reshuffle your retirement by moving some of your 401(k) contributions to Roth IRA.
• When it comes to budgeting, find a balance between top-down and bottom-up approaches.


PFBlog Tip of the Week: Use RSS Feeds

If you use newsreaders like bloglines or newsgator, don't forget to add our RSS feeds. This way, you will never miss one single post from our network.

Latest Headlines from PFBlog Network: http://www.pfblog.com/news/index.xml
My Personal Finance Journey: http://www.pfblog.com/index.xml

Each channel also has its individual news feed.

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