Diamonds and Dogs #15

Feb 18, 2013 by

In each post of the Money Counselor “Diamonds & Dogs” series, I pick three items—an article, a website, a video, an image—that in my humble opinion would be especially valuable—the Diamonds—in helping Money Counselor readers make better money choices. And to balance the three Diamonds, I pick just one lame item—the Dog.

money idea gems3 Diamonds

  • Joe at Retire by 40 runs one of the best personal finance / philosophy of life blogs around, I think. I’m not sure Joe sets out to write about philosophy of life, but the essence of many of his posts is rumination on the basic principles and ideas one adopts to guide life’s course. His wonderfully titled “Pigeons, Dog Poop, Happiness, and $60,000” illustrates well what I mean as Joe weaves thoughts of good times hanging out with his young son with analysis of the money he gave up when he left his six-figure salary corporate job last year.
  • My second Diamond also hails from the city of Portland, Oregon (where Joe lives). Kathleen at Frugal Portland wrote recently about her triumph over her student loan debt and the progress she’s made on her other debts. Kathleen has learned a lot about what works for her in attacking debt and getting her financial house in order, and she wrote about it all in “How to Get Out of Student Loan Debt”, which covers more territory than the post’s title might imply. In particular, you might find helpful the “Ten-Step Get Out of Debt Process” Kathleen included in her article.
  • If you’ve ever bought or sold a house through a realtor, you’ll find this infographic amusing I think. And if you haven’t, be prepared—this is pretty darn accurate!

Translating what real estate agents mean

 lame money adviceA Dog

I already published this clip on Money Counselor once, but I just can’t help myself. From a February 11, 2007 pre-meltdown broadcast of CNBC’s Kudlow & Company, watch as arguments are made for the stability and longevity of the then-ongoing stock bull market. Those hyping stocks, including Kudlow and his henchman Bob Pisani, were right—for about eight months. The S&P 500 Index reached 1560 in October, then crash-dived to 870 over the next fourteen months!

Those in the stock-hyping world are never held to account for their forecasting record. For the rest of us who live in the real world, performance matters.

Nominations Please

Do you have a nomination for a Diamond or Dog? Send it to me please. I’ll give you credit if I use it in a “3 Diamonds and a Dog” post.

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