Carnival of Wealth #46 – July 10 2011 Edition

Welcome to the July 10, 2011 edition of Carnival of Wealth.

It is always a pleasure to follow on Control Your Cash’s hosting of this carnival. They have the uncanny ability to call a spade a spade and that is quite refreshing in the PF blogging world.

FYI, the Value Stock Guide Premium Access is ready to rock so get on board!

Careers

Jon Milligan presents Average Income in USA posted at CPA Career Coach, saying, “The CPA Career Coach posts the latest information on the average income in the USA”

Entrepreneurship

Michael Donelly presents Harness the power of your employees posted at www.anotherway.org, saying, “Read this to: Increase productivity levels at your company raise the staff retention rate Gain: Loyal staff with excellent performance Cost: Setting aside the instinct to micromanage is not easy for everyone. Some time and effort is also needed to plan and implement a strategy.”

Jason presents Make Extra Money Part 1: Introduction posted at Live Real Now, saying “Today, I’m launching a new series on how I make extra money online. Right now, I have 7 sites promoting specific products, or “niche” sites. When those products are bought through my sites, I get a commission, ranging from 40-75%. Of those sites, 5 make money, 1 is newly finished, and 1 is not quite complete. I’m not going to pretend I’m making retirement-level money on these sites, but I am making enough money to make it worthwhile.”

Miss T. presents Blogging for Passive Income posted at Prairie Eco Thrifter, saying “For those of you that manage your own blog, that title almost sounds like an oxymoron doesn’t it? Blogging takes time, time, and more time. In order to succeed, you have to write fresh new articles for your site at least every other day, comment on other blogs, write for other sites, update your Facebook page, update your Twitter account, maintain your Digg, StumbleUpon, and Technorati accounts….and that’s just to name a few things. All of this for ONE blog! How is it then, that I can say that blogging generates passive income!? Well, you just have to do it right.”

Estate Planning

Tom Drake presents Legal Documents Of An Estate Plan posted at Canadian Finance Blog, saying “The Will, Enduring Power of Attorney and Personal Directive are the three legal documents in an estate plan.”

Jim Yih presents A Personal Directive for health care decisions posted at Retire Happy Blog, saying “A Personal Directive is a written, signed, dated and witnessed document that appoints someone else to look after your health matters.”

Investing

Robert presents The Best Ways To Maximize Your IRA Potential posted at The College Investor, saying “A look at the best ways to maximize your IRA potential.”

Suba presents Why you should not use 401k posted at Wealth Informatics, saying “You should not max out 401k without checking the fees and expenses. Contributing to get employer match and then opening an IRA might be a better idea.”

Sustainable PF presents Investment Tips for Beginners posted at Sustainable Personal Finance, saying “Some easy to understand and follow investment tips for those getting their feet wet.”

Money Cone presents Thrill Money Investing posted at Money Cone, saying “Although I invest for the long term, I’ll admit, from time to time, I speculate on market movements for short term gains. I call this Thrill Money Investing. I only allocate a very small portion of my investing funds, funds that I can afford to lose without losing sleep, towards TMI. Any gains are plowed back into boring, conservative stocks or ETFs. This is essentially profiting on current events, mob psychology and market trends rather than on company fundamentals. Of course there are many methods, these are some of the techniques I’ve used personally with good success.”

Investor Junkie presents Lending Club (July 2011 Update) posted at Investor Junkie, saying “This update marks now two years since I’ve been investing in Lending Club notes (see my first review of Lending Club). Since my last update, my NAR has decreased to 11.32% from 11.35%.”

Lifestyle

Paula @ AffordAnything.org presents Quit You Job, Travel, and Live Remarkably posted at AffordAnything.org, saying “How quitting my job led me to a richer life.”

Kevin presents Nature vs. Nurture posted at Invest It Wisely, saying “Nature and nurture doesn’t begin and end with birth. As time goes on, we gain more and more influence over our own lives. I firmly believe that we can improve ourselves as human beings by surrounding ourselves with people that are better than ourselves.”

FMF presents 7 Life Lessons from the Very Wealthy posted at Free Money Finance, saying “The rich tell you how you can be rich. Time to listen. ”

Personal Finance

Nathan Richardson presents What is Next for Free Checking? posted at Deals & Tips, saying, “Is Free Checking over and done with? Is the only way to achieve free checking through a credit union?”

Eric J. Nisall presents The Best Money Advice I Ever Received posted at DollarVersity, saying, “Financial advice. Everyone has been given some whether they asked or it was just thrown at them. It took me a while but I finally figured out the best tip I got.”

Tim Chen presents NerdWallet Launches New Gas Price Comparison Tool posted at NerdWallet Blog – Credit Card Watch, saying, “With gas prices rising through the roof, every cent per gallon saved makes a difference. We show you how to evaluate cash discounts and credit card rewards to save the most money on gas.”

Consumer Boomer presents Is it better to save or repay debt? posted at Consumer Boomer, saying, “Here’s a quick look at the benefits and drawbacks of focusing on saving or repaying debt.”

Teacher Man presents Why I Automate My Finances posted at My University Money, saying, “Automating your finances will save you time and money, and it will also ensure your bills get paid the next time a postal strike comes around.”

Joe Plemon presents Debt Consolidation and Debt Settlement: Know the Difference posted at Personal Finance By The Book, saying, “These two have some similarities, but, in reality, are quite different.”

Janet presents Travel Savings: Stretch Your Vacation Dollars posted at Credit Cards Canada, saying, “If you want to stretch your vacation dollars, it’s a good idea to plan ahead, and consider your options. Here are some ideas for saving money on travel this summer”

Control your Cash presents Independent thought posted at Control Your Cash: Making Money Make Sense, saying, “It’s easier to blame things on people who have actual skin in the economy, and who necessarily have less charisma than politicians whose jobs consist of smiling when necessary, looking earnest when appropriate, and reciting bromides about A Better America, Opportunity For All, and Hope And Change Moving Forward.”

Crystal presents How To Get Rich – What Worked For Us posted at Budgeting In The Fun Stuff, saying “Wealth comes to those who wait and those who follow these tips.”

Echo presents Canadian High Interest Savings Account Comparison posted at Boomer & Echo, saying “I looked for the best high interest savings account in Canada and found a significant difference when comparing savings accounts between banks.”

Emmie presents How to Slash Your Monthly Phone Bills posted at Frugal Living, saying “We are swarmed with bills each month that leave many of us with very little to save. Utilities and phone bills usually take the bulk of our monthly expenses after mortgage or rent. While we can’t alter the latter, we can certainly slash our phone bills by switching plans or service providers and looking for other money-saving strategies without affecting our ability to stay in touch. To assist you in determining where to scale back, assess your communication patterns as follows”

Evan presents Is Something Valuable If No One Knows It Is? posted at My Journey to Millions, saying “Does wearing a Tag Heuer or driving a Mercedes Benz (picture is of a really hooked up Benz called a Maybach) really matter unless someone else knows what you are wearing or driving? The timex will literally tell you the exact same time and the hyundai will take you to that same place.”

Glen Craig presents 8 Reasons Why You Should Sell Your Home Before Buying a New One posted at Free From Broke, saying “If you aren’t selling your home before you buy a new one then you may be setting yourself up for financial hardship. See why you should sell FIRST and then buy a new home.”

Jacob @ My Personal Finance Journey presents 4 Ways to Save on Gas that Really Work posted at My Personal Finance Journey, saying “For most people, the first step to creating wealth is to either reduce their debt and/or save more money. Going along with this same spirit, this post takes a look a several easy ways to reduce your fuel expenditures.”

John presents Traveling Abroad? Save Big With A Credit Card posted at Wallet Blog, saying “I explain how using a credit card while traveling overseas can help save money. In fact, a recent study shows that credit cards have the potential to save international travelers as much as 15% on currency exchange.”

Kelly presents Six Ways to Save Big on Clothes posted at Wallet Watcher, saying “Whether you’re a shopaholic or avoid shopping at all costs, inevitably the time will come when your wardrobe needs an update. Buying clothes is not a cheap venture, but it doesn’t need to be terribly expensive either. The following are a few tips to keep in mind when looking to save on clothes.”

Madison presents Ask Madison: Reader Mail Volume 5 posted at My Dollar Plan, saying “Some great reader questions about building wealth are answered here. We cover everything from downsizing to credit card applications!”

Matt presents Why I Didn’t Buy a High Efficiency Front Load Washer posted at Living in Financial Excellence, saying “So that brings us to decision time. Do we spend upwards of a thousand dollars in the hope of our new washer lasting long enough for the energy savings to pay for the purchase of the washer? Or do we spend just a little on our low efficiency but dependable Maytag top load washer? We called our repairman and fixed the old one for $115. We have no idea how long the washer will last from this point forward,but given that it’s lasted this long I think we’ll definitely get our money’s worth.”

Mike presents Small Business Credit Card Review: TD Business Travel Visa posted at Rewards Cards Canada, saying “One of the best ways to increase the earning power of your rewards cards is to use a small business credit card.”

Tom presents Claiming Student Grants posted at Stupid Cents, saying “What you need to know about claiming student grants on your taxes like Pell Grants, work-studies, scholarships, fellowships, loans and even the loan interest.”

Taxes

BackTaxesHelp.com presents Will 401(k) Contributions and Distributions Impact Taxes You Pay? posted at Back Taxes Help.

That concludes this edition. Submit your blog article to the next edition of carnival of wealth using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Tagged as: carnivals