Personal Finance Money Tips – August 6, 2007

Welcome to the August 6, 2007 edition of personal finance money tips. This edition, I received an overwhelming 45 articles submissions! Thanks for all the support.


Warren Wong presents The Gap Concept posted at Personal Development for INTJs, saying, “Why is it so important to be the first or the best in a market? Here’s the why you should be the first AND the best.”


Debt & Credit Management

Jason Elder presents Offshore Options For Bankrupts And Those With Poor Credit posted at A Bankruptcy Lawyer’s Blog, saying, “This is a great option for people with bad credit. It might be something you never thought about before.”

Aaron Wakling presents Credit Cards – A Necessary Evil posted at The Credit & Credit Card Blog, saying, “Well you probabaly already know the answer to this one. I cover good uses for credit cards and bad ones. Its a good article for anyone concerned about if they should use their credit cards to make purchases.”

Mike Carpenter presents The Financial Bullet: The Fall of American Home Mortgage posted at FeedBulletin for: financialbullet.

Tim Ramsey presents How to Pay Off Credit Card Bills posted at My Debt Relief Blog,
saying, “Trapped in credit card debt? You can get out of the credit
card trap with my sure-fire way to pay off those pesky bills.”

The Happy Rock presents The Credit Card Premium. How Much More Are We Paying? posted at The Happy Rock, saying, “A look at a potential negative of using credit cards; We spend more.”

Mike Carpenter presents Mortgage Matters posted at The Financial Bullet.

Save Money presents Step one to getting rid of debt posted at How I Save

Abdulrasool Sumar presents 4 Ways to Successfully Control Debt posted at 3 Debt Consolidation Community,
saying, “Do NOT use your credit card to buy that McDonald’s burger or
that new Plasma TV. Follow this rule and you will be sure to keep your
debts in control: I Will Purchase Something on my Credit Card ->
“ONLY IF” -> I Have Enough Cash to Pay For It!”

Wealth Distribution: Will & Trust

Eric Hudin presents My Estate Planning Career Blog » Blog Archive » Selecting a Good Trustee – Factors to Consider When Choosing a Trustee posted at My Estate Planning Career Blog, saying, “Wills and Trusts are an important financial vehicle for transferring wealth. But who should manage your trust? I’ll tell you how to pick the best person.”

Wealth Accumulation

Josh presents When is The Right Time to Sell an Investment? posted at The Mad Money Analyst, saying, “We’ve all cut a few corners and followed a hot tip or the “squawk” on the street and bought a stock with little or no research. Unfortunately most of the time, as luck would have it, these hot tips won’t pay off, so you have cut your losses and sell…”

Eric Stanley presents Two Investment Mistakes posted at Personal Finance Blog Articles,
saying, “Are you finding good investments for you new money? Or are you
doing the right thing and also finding better investments for your OLD

Fernandes presents Investing in domain names – How to get a 100% return on your money posted at Make money from home opportunity,
saying, “This is a post about buying parked domain names for
investments purposes. The post covers the basics of buying a parked
domain and getting a 100% yearly rate of return on your money.”

KCLau presents When is the Perfect Time to Rebalance our Investment Portfolio? posted at KCLau’s Money Tips, saying, “Rebalancing should be a standard operating procedure for every investor since it is relatively easy to restore a portfolio to its original allocation mix. Regardless of your objectives and risk tolerance, the major benefit of periodic risk management is significant reduction in portfolio volatility.”

David presents Make the First Million and the Rest is Easy posted at Worldwide Success, saying, “One million dollars is a magic number. Not so much for what it can buy these days, as anyone trying to purchase a home can tell you. But the label millionaire still has a nice sound to it, and most important, one million dollars is a significant milestone that can serve a springboard to achieving real wealth.”

Josh presents Choosing a Stock That Beats the Street posted at The Mad Money Analyst, saying, “Many investors use many different approaches to pin pointing the stock that will out perform analysts expectations- of course that’s the goal anyway. How do you choose the winning stock? Generally I look for companies that are thriving financially with consistent earnings and a reasonable amount of debt. Then…”

Larry Russell presents Summary Table of Traditional IRA and Roth IRA Tax Rules posted at THE SKILLED INVESTOR Blog, saying, “For your convenience, the table provided summarizes 2007 rules for traditional IRAs and Roth IRAs. The table has a left-hand column of questions and 12 columns of information. Read the first four questions in the first four rows to determine which of the twelve columns would apply to you. Be careful to distinguish between the rules about whether you can make a contribution and whether an allowable contribution is tax deductible.”

Steve Faber presents - Just How Bad of an Investment Is Your Car, Anyway? posted at DebtBlog.

Logan Flatt, CFA presents To Consume, Save, Invest, or Speculate? That Is The Question. posted at, saying, “To consume, save, invest, or speculate? It is an excellent question. Before you answer, consider your options.”

edithyeung presents Know How to Ask for What you Deserve and Break the Glass Ceiling posted at Edith Yeung.Com: Dream. Think. Act..

Ant presents Are you a Millionaire Yet? posted at The Beef Jerky Blog.

Dax Desai presents Fundamental Rule of Day Trading: Preservation of Capital posted at Dax Desai, saying, “Explains the importance of Preservation of capital when day trading and gives examples of winning and losing.”

Roshawn Watson presents NEXT WEEK: WATSON INC EXCLUSIVE Interview with Van… posted at Watson Inc, saying, “In the long run, the price differences generally save individual investors tens to hundreds of thousands of dollars. ETFs are often tax-efficient as well. Also, consider the fact that one would need between 20-50 individual stocks to be adequately diversified compared to just 1 ETF (i.e. VTI)…Everyone’s investment plan must be tailored to his or her’s own financial goals. However, one generally starts investing in pretax vehicles, such as (401K, 403b, Thrift Savings Plans, or Traditional IRA). If your company matches your contribution (for 401K, 403b, or TSP), I would contribute up until the match. Do not throw away free money!”

Leroy Brown presents Start saving for your retirement Right Now posted at A Penny Saved, saying, “The time to save for your retired years is right now, today.”

Josh presents Option Premium Valuation: Time and Intrinsic Value posted at The Mad Money Analyst, saying, “A good review of how to effectively evaluate options premiums. This gives investors a clearer view of what exactly effects prices and premiums of options. Markets have lately been increasingly volatile and this will help you find those right entry points and calculate volatility profitability. Make more on your investments.”

Steve Faber presents - Make Gains From the Chinese and Indian Markets Without Actually Investing There posted at DebtBlog.

George Courtney jr presents Finding the Right Investments for a Truly Diverse Portfolio posted at The Authentic Bartender Blog.

George Courtney jr presents Despite Volatility, Stocks Are a Good Deal posted at The Authentic Bartender Blog.

Charles H. Green presents Trust Amongst the Investment Bankers posted at Trust Matters, saying, “Be real careful who you trust in the investment field…”

Wealth Management

Trent presents Review: Wealth posted at The Simple Dollar.

Silicon Valley Blogger presents Receive A Windfall and Treat It Right posted at The Digerati Life, saying, “Nice blog you have! :) Thanks for hosting. I’ll be visiting your blog more often.”

Terry Dean presents From Debt to Financial Freedom posted at Christianity With Purpose.

Frugal Panda presents Frugal Summers: 101 Ways to Entertain Yourself and Your Family posted at Frugal Panda.

Millionaire Mommy Next Door presents Where Does Your Money Go? Tips and Tricks for Tracking the Flow posted at Millionaire Mommy Next Door, saying, “Money flows like water. It can gush like a raging river or drip like an annoying leaky faucet at midnight. If we use this precious resource mindlessly, we face drought. However, if we first observe the ebbs and flows, effective management becomes a simple matter of design. Here’s how.”

Sagar Satapathy presents 100 Creative Ways to Cut Wedding Costs posted at Credit Card Lowdown.

Sagar Satapathy presents How Ron Paul as President Would Affect the US Dollar posted at Currency

Frugal Panda presents Top 50 Frugality Bloggers posted at Frugal Panda.

Wealth Protection

egon presents Will Health Insurance Really Save You Money? posted at

KCLau presents When Should We Review Our Life Insurance Coverage? posted at KCLau’s Money Tips, saying, “From time to time, there are certain changes in our lives that may have a significant impact on our insurance needs. We should think of it as a checkup. Most of us go for medical checkup once a year. It might be a simple blood test or a full body examination. Our financial security also need preventive medicine as maintenance. Needs change over time, sometimes it is much more rapidly than we realize.”

Mark Kimsey presents Avoiding Online Banking Fraud posted at

Jimmy Atkinson presents How Will My Divorce Affect My Credit? posted at Ask the Advisor.

Veteran Military Wife presents Stop the Paper Madness (a filing system that works!) posted at Life Lessons of a Military Wife, saying, “It’s time to tackle the piles of papers! Get a handle on all your records and never have to hunt for anything ever again.”

Fred Black presents Identity Theft posted at Fred Black: Internet Business Blog..

SmallTownBS presents Employment – I don?t want a job. posted at Small-town Big-shot.

ISPF presents Campaign Against Financial Myths: Part 7 – Debt posted at Grad Money Matters.

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

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