This is a question I’ve struggled with over the years and have posted about in the past. I’ve gone back and forth on whether I should have earthquake insurance. A few years back, I decided that the odds were against me and I bought some. The premiums are $370 per year which is not that bad for a $315,000 house. A few things help me
JD over at Get Rich Slowly has written a book that is due to be released shortly. JD has built up a massive following at Get Rich Slowly and his writing style is top notch. If his book is half as good as his blog (I’m sure it’s just as good), it should be a great read!! You can pre-order it on Amazon.com right now!
In a sign that not all people are capitalistic monsters, Bob Moore, the founder of Bob’s Red Mill in Oregon, has decided to give his company to the 209 employees that work there. Bob could have sold the company for a large sum of money but decided that money isn’t everything. WOW! Bob has turned down a number of buyout offers over the years and
Parade has a great article about a family that moved in to their dream home but ultimately sold it, bought a house that was much smaller and half the price, and then donated the difference to charity. One thing that I found interesting about their story is that doing this didn’t hurt their family, rather it actually helped them become closer. It doesn’t sound like
Nickel over at FiveCentNickel has accomplished what I would really like to do. He has paid off his mortgage in about 7.5 years. You can feel the excitement and satisfaction in his writing as he explains how he did it. I’m impressed. We are also paying additional towards our mortgage since it’s really the only debt we have. My goal isn’t quite as aggressive as
Free Money Finance is having a March Madness event that is highlighting the best of the best personal finance blog posts. He’s pitting two great articles against each other in a series of games. It’s a great way to check out some quality personal finance articles and broaden your reading list of good PF Bloggers. Go check it out!
I just read an article about David Cerullo. David is the head of the Inspiration Networks religious organization. They have nearly $100 million in annual revenues, mostly from donations by their followers. The church preaches that people who donate are more favored by God. Unfortunately the ministry is hitting hard times and has had to lay people off, turn down the heat and cut costs
I stumbled on to Mint’s infographic about all the pitfalls of credit cards. I especially like how they compare it to falling down a very deep ravine until you hit fire at the bottom. If you haven’t seen it, it’s worth checking out: http://www.mint.com/blog/finance-core/the-descent-into-credit-card-debt/
I’m not sure how long Mint.com has had this feature but I just noticed it today. Now you can add assets like real estate, vehicles and any other valuable assets you have. You can even associate an asset (like a house) with a particular loan so that it calculates your equity in that asset. I found these features by clicking on the “Your Accounts” link
I’m a big fan of the office. I found this pretty darned funny. They found pretty good characters to compare with the American version. If you read fark.com, you’ve probably already seen it. Favorite line: Michael is a big phony wiener face
