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Simple, applicable personal finance advice for the modern world
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The Simple Dollar
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Many newer readers of The Simple Dollar havent been exposed to the hundreds of great articles in the archives of the site, so this is a weekly series that highlights the five best posts from one year ago this week, two years ago this week, and three years ago this week.I call itthe Time Machine. One Year Ago (November 15-21, 2008) Investing in Skills (or Fear of an Apocalyptic Economy)My basic arg...
06:44
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The Simple Dollar
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Yesterday, I read a fascinating research paper by Stacy Berg Dale and Alan Krueger (you can read the abstract here) which offers up a surprising result.In a nutshell, once you take a students pre-existing talents into account (as shown by standardized test scores), the school they attend has almost no impact on their lifetime earnings.In other words, a students natural talents lead to career succe...
00:30
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The Simple Dollar
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Over the past few weeks, Ive heard this question several times from various people who find me on their Christmas gift list this year.Im guessing theyre all thinking more or less the same thing: what do you get for a guy who doesnt really want anything?So they ask me, and then Im left with that difficult question to answer. Frugal people are often the hardest to buy winning gifts for.Quite often, ...
11-21
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The Simple Dollar
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By this time next week, most Americans will have gathered with friends and family and eaten the traditional Thanksgiving meal.Ill be gathering for three separate Thanksgiving dinners during this holiday weekend. Quite often, Ill see people spend exorbitant amounts of money on lavish Thanksgiving spreads.While I completely understand the reason for doing thisoften, its the one time in the year that...
11-20
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The Simple Dollar
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Recently, I was reading a great article at The 99 Percent entitled The 40-30-30 Rule: Why Risk Is Worth It.I originally intended to include it in my weekly roundup, but as I thought about the 40-30-30 idea, I found that the connections to careers, personal finance, and life were profound. What is the 40-30-30 rule?Simply put, its an argument that when you prepare for anything in life, only 40% of ...
11-20
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