Carnival of Money MLK Three Day Weekend Edition

This week I’m hosting the Carnival of Money once again.  It’s always a pleasant experience to see what other bloggers are thinking about.  In this week’s edition, you’ll find 32 (or two to the fifth power) of the best personal finance articles on the internet.

A few of my favorites

In no particular order, so don’t feel bad because you are last, Larry:

John Schmoll presents Retirement Planning Tip for the Self-Employed: Don’t Make My Mistake posted at Frugal Rules, saying, “Retirement planning when you’re self-employed can be easily overlooked when you’re busy managing your business. However, this can cause a worse problem as you’re also losing out on a 401k match. With some appropriate planning and selection of the appropriate retirement vehicle you can set yourself up for success and grow your retirement portfolio at the same time. Just make sure that the option you select is the one that’ll benefit you from both a retirement and a taxation perspective.”  (editor’s note: I’ve been thinking about how to keep Uncle Sam’s grubby fingers off my self employment income in 2014, so this article was very timely and useful for my purposes.)

Monica presents How I Saved $6718 On Home Renovations posted at Monica On Money, saying, “As my readers know, I have been searching for a better flooring option. But the problem is that home renovations are expensive!”  (editor’s note: This post is awesome because Monica figured out how to cut renovation costs in half without sacrificing the quality.  And she knows how to use proper safety equipment.)

Larry presents My 2014 New Year’s Resolutions posted at KrantCents, saying, “My 2014 New Year’s Resolutions will be different! Normally, I do not make New Year’s Resolutions because I do not believe in them. Why wait for a particular date to resolve or promise to make changes?”  (editor’s note: Larry provides some creative New Year’s resolutions.  I like.)


Other great submissions to this week’s Carnival of Money:

Holly presents Quit Your Job: How to Know When it’s Time posted at Club Thrifty, saying, “If you have been working steadily at your regular 9-5 and your side hustle, you are probably beginning to fantasize about the day you quit your job.”

Sustainable PF presents Would You Use an Alternative Currency? posted at Sustainable Personal Finance, saying, “One of the first rules of investing is that you need to have a degree of diversity in your assets. That way, if something goes wrong with one asset class, you will have another asset available to pick up the slack. But how does that work if most of your assets are denominated in a specific currency?”

Alexa presents What’s the difference between debt settlement and debt consolidation posted at Defeat Our Debt, saying, “What’s the difference between debt settlement and debt consolidation? Debt settlement and debt consolidation are not the same thing.”

Natalie presents Ahhhh, 2014. Its Good to Meet You posted at Debt and the Girl, saying, “I have been the equivalent of a lazy sloth lately and have been putting everything off except for my staff writing commitments as I refuse to be unprofessional on those.”

Danielle presents The Advantages and Disadvantages of Buying a New-Build Home posted at Saving Without a Budget, saying, “If you are a first-time home buyer, one of the first decisions to make will be whether you want a brand new home or one that has already been lived in for some time.”

Matt presents The Good news about your Credit Score posted at Budget Snob, saying, “Whether it is the interest you pay on your mortgage, your ability to get a car loan or being able to get a credit card with an excellent APR, your credit score, and making sure that it is a good one, is vital.”

Oscar presents These 10 Mutual Funds have Outdone College Costs over the last 10 Years posted at Money is the Root, saying, “Even if you might have paid a hefty commission upfront (and of course taxes along the way) the following 10 mutual funds that we’re going to show you have outpaced the average rise in public college tuition costs over the last 10 years.”

Emily presents Anchored in this Anomalous Economy posted at Evolving Personal Finance, saying, “How will it affect me to have all my financial anchors emerge from the post-Great Recession economy? I believe the stock market always goes up, interest rates are super low, and that I have high job security.”

Andrea presents A New Year Brings New Beginnings posted at So Over This, saying, “It is officially 2014, and with that comes a sobering hangover from the holiday binge spending! Sure we read the how-to tips on saving money during the holidays, but do we actually follow them?”

Amy presents Little-known Facts about Social Security Benefits posted at Money Mishaps, saying, “Many Americans truly have no idea how Social Security works besides the very basic information.”

Graham presents Salary changes over time – by sector in the UK posted at Moneystepper, saying, “Salary changes over time: how salaries have changed since 2000 in different UK sectors. Not surprisingly, it’s the bankers who have done the best!”

Alexa presents How to Quickly Write an eBook for Your Blog posted at Single Moms Income, saying, “Having an eBook on your blog is a great way for you to boost your email sign ups and also your credibility. I am always much more apt to sign up for someone’s email list if I am getting a free bonus.”

Erastus presents Have High Investment Costs? Try These Quality Choices posted at Modest Money, saying, “High investment costs are often overlooked. However, net returns that reflect management expenses and trading costs should also be considered.”

Hadley presents Should you keep your Mutual Funds? posted at Epic Finances, saying, “If you own a lot of mutual funds this next bit of news is not going to exactly make your day. The fact is, the vast majority of them underperform the average return of the stock market.”

Daniel presents It’s time to stop trying to keep up with the Joneses posted at Make Money Make Cents, saying, “More than likely you have heard the phrase “keeping up with the Joneses” more than a few times in your life. What it refers to is the phenomenon of using your neighbors as a standard for which to compare your own life and material goods.”

Marissa presents The Perks of Living in the Suburbs posted at Finance Triggers, saying, “More and more people are moving are looking to move out of the city core, find out The Perks of Living in the Suburbs.”

Marissa presents The Joys of Freelancing posted at Thirty Six Months, saying, “Some of us look at the new year as the time who make resolutions about joining the gym, while others (like me!) audit the projects that I have going on at the time, and see what is working and what is not.”

Bryan presents Changing Careers at 30, 40, or 50 posted at, saying, “Making a career change at any age, including 30, 40, 50, or even 60, can be especially stressful and financially difficult. If you are planning on taking your career in a new direction, starting your own business, or want to advance faster, learn about the steps you need to take beforehand to ensure your future success in changing careers.”

Jason presents John Kerry’s Wife Hospitalized: Can You Afford Health Insurance? posted at The Money Makers, saying, “Even as a growing number of analysts are questioning the details of Obamacare, the sudden hospitalization of Teresa Heinz Kerry, the wife of former senator and current U.S. Secretary of State John Kerry, provides additional fodder to the ongoing healthcare debate.”


Last but not least, please allow me to promote myself! Check out how we earned $22,300 in dividends during 2013.  Learn how you can focus on dividends in your own portfolio, and why dividends are important for in early retirement.


Thanks to everyone who submitted to the Carnival of Money this week!


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