A couple years back, we participated in a few online discussions about whether Personal Finance is a worthy subject for schools to dedicate a course to. Although we agree that the financial education levels of the typical American are pretty embarrassing, we disagreed with the group, which suggested that the best way to make up […]
No piece today, but I heartily encourage all of you to listen to the latest podcast produced by OG and Average Joe at The Free Financial Advisor: Stacking Benjamins. Here’s the link on iTunes. As for my piece? I’m scheduled to make my debut on the new show on Wednesday, so mark your calendars. We’re […]
Bells are ringing! I am finally worthless! With my paycheck today my net worth has finally passed the literal and psychological $0 barrier. My financial leverage given a net worth of $1 is about 45,000-to-1. Let this be a lesson to everybody: massively over-leveraged financial positions can only end positively. Look at Long-Term Capital Management, MF Global, Bear Stearns and AIG: their executives still managed to escape with millions of dollars!
Personal finance experts frequently tout the advantages of having a six month emergency fund, if not a more conservative twelve month fund. There are many reasons that a citizen would need to dip into their emergency savings: family illness, death, severe medical expenses, unplanned pregnancy or job loss to name a few. Many reports however, indicate that many (>25% or >50% depending on your definition) Americans still are not prepared for a downturn scenario.
Today, let’s focus our attention outward, instead of on our ‘personal’ personal finance issues issues… let’s talk about the finances of our friends and family! DQYDJ is normally a Personal Finance site but today our focus is on Extrapersonal Finance, namely, how you dole out advice to friends and acquaintances who make poor financial decisions.
Today, let’s focus our attention outward, instead of on our personal issues… let’s get Biblical and talk about the finances of our friends and family! DQYDJ is normally a Personal Finance site but today our focus is on Extrapersonal Finance, namely, how you dole out advice to friends and acquaintances who make poor financial decisions.
One of the interesting things about writing on a Personal Finance site is that while you write for your readers and yourself, you are part of a broader community which informs your opinions and gives you reason to examine your own views on many topics. We at Don’t Quit Your Day Job have now been around for (almost) three years, covered a large number of financial topics, introduced a number of personal financial strategies, and delved into too-great detail on subjects which had mildly interesting data.
Do all web sites have personalities?
Your favorite personality lacking personal finance site, Don’t Quit Your Day Job, has been tagged in a Personal Finance blogosphere (don’t like the term? Come up with a better one…) game of PF tag. Our tag is from our friends Him and Her over at the site Make Love Not Debt. Please ensure that after you’re done reading this article you visit and subscribe!
Tying to an article earlier that my colleague PKamp3 wrote, personal finance seems to have taken a dive in popularity in more recent years. As a writer for a confessedly self-aware personal finance crowd, this assertion may seem irrelevant, surprising, or, at worst, alarming. As a young college graduate, many of my fellow coworkers (as well as I) have student loans as one of their more significant financial obligations on top of car loans and (soon) mortgages. Some plan on paying down their student loans as fast as possible to deleverage themselves and then start saving for a home. I am of a different and not necessarily correct opinion: to hold onto the student loans for as long as possible due to their incredibly low interest rate and tax-deductibility for incomes up to $60,000 (partial deductions up to $75,000).
In a recent article here at DQYDJ I posted a chart which graphed worldwide interest in ‘Frugality’ and ‘Personal Finance’ based upon the amount of interest registered by Google. There’s actually another interesting takeaway from that picture – interest in the term ‘Personal Finance’ is losing steam in the United States. Interest understandably grew during the recession, and it spikes in the beginning of every year, but interest is definitely trending downward. It opens up an important discussion: Are Americans losing interest in personal finance?
Check out our carnival entries and featured links for the week!