Don’t Quit Your Day Job may be “Where Economics Intersects with Personal Finance” but… what if you don’t know where to begin? Here we’ve put together a DQYDJ overview!
I. Social Proof & Citations
III. Personal Finance
Social Proof & Citations
Between Twitter, our subscribers, our contribution to the Stacking Benjamins podcast, our syndication agreements and readers who find their way here from search engines, we reach thousands of eyeballs and eardrums a day.
Don’t Quit Your Day Job has had its fair share of major media mentions – Bloomberg, Reuters, Reason, Forbes, and Daily Finance come immediately to mind. Almost as importantly, our material has ended numerous internet arguments (mostly on Reddit, it seems) and been plagiarized by countless students.
Of course, our best social proof comes from the research where we actually get credited. Let us know how we can help you with your research, preferably not with an email like this:
Investing is the bread and butter of Don’t Quit Your Day Job… . We generally concentrate on macro-issues as opposed to individual stocks, but our research is wide ranging… and useful for any type of investor. So, whether you’re an index investor or a day trader, try few articles and calculators out – we guarantee you’ll be back.
- “S&P 500 Return Calculator“ – As far as we know, we’ve built the only S&P 500 Return calculator on the web which also accounts for reinvested dividends. It works, it’s fast, and it’s got data back to 1871 – use it. Also, check out its cousin, a calculator which gives S&P return ranges over selected time periods.
- “Discounted Cash Flow and Dividend Discount Model Calculator“ – Sure, that title will never go viral – but we’ve got something here no one else on the internet can share, at least since SmartMoney went the way of the dodo. Enter a ticker, change your discount rate, and find the theoretical intrinsic value of a stock. Simple!
- “Is The Stock Market Overvalued? The Finale“ – We include this piece since it has useful links to computing a number of market-wide valuation metrics, even if the information inside will soon be outdated. Read it for our take on the importance of contrarianism.
- “Inflation Adjusted Gold Return Calculator“ – Yes, you can automatically calculate gold’s return between any two days since 1968. Yes, we also figure out how much of that return inflation ate away. What are you waiting for – it updates automatically every night; bookmark it!
- “Treasury Return Calculator“ – The S&P 500 Calculator gets way more traffic, so I’ll bury the Ten Year Treasury one in this section as well. Coupons are automatically reinvested, inflation is automatically factored in. Compare it to, say, STRIPS and draw your own conclusions.
Don’t Quit Your Day Job… is, at its heart, a Personal Finance website. All the politics, economics, and investing we cover on the site matters most where it intersects with your personal situation… and your wallet.
Here we’ve listed some links to get you started with Personal Finance (and, of course, to give you a taste of our philosophy).
- “Personal Finance 101“ – We tagged this one “Personal Finance Basics in Under an Hour” for a reason. In one of our most ambitious undertakings, we bring you from Debt to Investing to Taxes… without boring you to tears.
- “The Four Pillars of Personal Finance“ – Altogether too many Personal Finance sites concentrate on debt. This is our overview on why that view is shortsighted (and that pun is just a preview of an enlightening piece).
- “An Ideal Savings Rate Calculator for Financial Independence and Retirement Planning“ – No, brevity isn’t our strong suit. Yes, your savings rate is the most important aspect of your future financial independence. This calculator brings everything together.
- “Is Frugality Overrated?“ – If you’re frugal with your time, let us answer for you: “yes”. This is an earlier piece which covers our criteria for deciding when frugality isn’t worth the costs (which are, of course, not measured in dollars most of the time.)
- “Daily Inflation Calculator“ – Born after December 1912? If so, we’ve got enough data in this calculator to tell you the difference in the value of a dollar between any two days. Yes, we automatically interpolate/extrapolate to fill the data set. Yes, it automatically updates at midnight (Eastern Time). Why haven’t you bookmarked it yet?
Care about investing and finance? Even if you don’t admit it to yourself, you care about Economics. These pieces aren’t the lightest reading in the world, but reveal the story behind the story (behind the story)… especially when that particular story avoids the headlines.
- “Automated Taylor Rule Calculator“ – Certain corners of the internet love to knock central banks for their economic moves. At DQYDJ we challenge people to try it themselves. Plug in your assumptions and our tool will show how you would have guided economic policy in the United States since the 1950s.
- “Ranking the Fed Chairmen“ – A fun diversion into economic policy, inflation, public perception, and calculus (well, all our math is discrete in this piece – but we talk a lot about slopes).
- “Athletes Are Underpaid“ – Hey, just because we strive for neutrality doesn’t mean we can’t take a stand on the important things – like the salaries of less than .1% of our nation. Follow this piece up with our articles on the NCAA and another argumentative piece on player salaries.
- “Auditing the Congressional Budget Office’s Deficit Estimates“ – Those estimates are, in our estimation, more art than science. Unfortunately (in our view), the genre is ‘Abstract’. We’ve also got Outlays and Revenues links in there.
- “How Does Noise Affect Real Estate Prices?“ It’s an old one, but it’s a good one. How much should you discount that house near the busy road? We’ve got the hard math.
- “Predicting Future Inflation“ – TIPS and the Treasury Yield Curve reveal a beautiful little relationship – the market’s prediction of annualized inflation over the next 30 years. We pull the data and do the math automatically!
Of course you do. Here’s where you should head next:
- Subscribe to Us. – I mean, this is a blog (kinda). Also, you should probably bookmark the main page.
- Featured Pieces. – Sometimes we’re slow in tagging new, popular pieces… but they make it here eventually.
- Interactive Pieces and Original Research. – Why read us and not one of the other cookie cutter blogs which write on the same topics? Well, if not for our prose and the weak puns (for shame!) it’s got to be for the interactivity and the research. Here we’ve got the best from those categories.