Diamonds and Dogs #28

Oct 21, 2016 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 contrast with the three Diamonds, I pick one lame item—the Dog.

money idea gems3 Diamonds

  • Whether to buy or rent a home is a favorite topic of the money bloggerati. Like nearly every personal finance question, the only intelligent answer is “mostly depends on your personal circumstances, preferences, and medium & long-term goals.” Unfortunately that answer is inconsistent with the modus operandi of online personal finance writers, which is mainly to give lazy readers a quick & dirty guideline that’s easy to remember and relieves them of the burden of actually getting educated and then thinking. That mini-rant aside, I ran across a flowchart on Business Insider which may be the best tool I’ve seen for guiding yourself to a sensible rent vs. buy decision. Check it out: “This flowchart could help you decide whether to buy or rent a home.
  • The site Mom and Dad Money, run by Matt Becker, is worth your time. Matt has a refreshing habit of writing highly readable articles which, when compared to the typical personal finance site, are—how should I say this—actually useful.How to Beat 80% of Investors With 1% of the Effort” is a perfect example. In this piece Matt exposes once again the fraud (my word) that comprises actively managed mutual funds.
  • Another of my favorite personal finance sites is Money Mini Blog, run by Kalen Bruce. And it’s not just because Kalen chose Money Counselor as one of “25 Personal Finance Blogs You Need in Your Life (And Their Best Posts).” Although that didn’t hurt. 🙂 Actually, Money Mini Blog consistently publishes content you can use to improve your life. Kalen writes a lot about productivity too—an area where I’m constantly trying to make progress, and I’ve put to use in my own life some of Kalen’s ideas and suggestions. They work! When I learn enough from Kalen to get sufficiently productive that I can write in fewer than 20 hours an article reporting my take on the most valuable 25 personal finance blogs, Money Mini Blog would sure be on the list!

lame money adviceA Dog

There can be only one “winner” of this edition’s Dog.

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 “Diamonds and Dogs” post.

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