Book Review & Giveaway: Power Spending, Getting More for Less

by in Personal Finance on Jan 22nd, 2011

Barbara Friedberg, MBA, MS is editor-in-chief of Barbara Friedberg Personal Finance.com where she writes to educate, inspire, and motivate for wealth in money and life. Learn about personal finance from a real life Portfolio Manager! Stop by her website for an interview with the authors of Power Spending.

From the moment I unpacked this book and gave it a quick once over, I was elated. Not the reaction one would expect from a personal finance book. But this book is FUN. It’s colorful and well-organized with personal anecdotes, related websites, cartoons, and highlighted tips on every page. Additionally, the information is well laid out, very useful with reader tips in every section. Read More

What President Theodore Roosevelt Taught Us

This is probably going to sound like an extremely odd choice, but my hero is Theodore Roosevelt.  I am very interested in US history, politics, conservation/outdoor recreation and Teddy was a master at all of those things.  Along with all of those attributes, Teddy was able to overcome significant obstacles in his lifetime and rise to the pinnacle of world power: the President of the United States of America. Read More

Gambling With Your life

Poker and Entrepreneurship

by in Lifestyle on Jan 19th, 2011

Is it time for you to take some risks?

As many of you know, in addition to rambling about how to buy a car, I’m a bit of a poker junkie.  I find it both intellectually stimulating and a mildly profitable hobby.  It’s also a great source of personal finance analogies!

Professional poker players and entrepreneurs have many things in common.  Both take risks to achieve the lifestyle they want to live and succeed financially.  Poker players take a risk on every hand they play, while entrepreneurs take risks by investing their time instead of spending it other places (like a traditional job). Read More

Temporary System Overload

Growing pains of a growing site

by in Writing Contest on Jan 18th, 2011

Technical Issues Explained

As some new readers have noticed over the past 48 hours, Yakezie.com has been experiencing some technical difficulties. The latest scholarship was listed on Fastweb.com thanks to Little House’s community outreach efforts, and in a matter of a few hours, we received over 6,000 additional visitors from the site, or nearly 6x our highest traffic day since Yakezie came online.

Last month, when we launched the first scholarship, we received 14 essays submissions and over the past 48 hours, we are averaging more than that per hour (during the day).  Needless to say, the slow and steady growth that we expected for the scholarship has not occurred.  Our servers were pushed to capacity and our user registration system broke under the pressure. Read More

Losing Sight of The Goal

by in Personal Finance on Jan 17th, 2011

My first “real” career was serving in the United States Navy. I learned a lot of life skills as well as professional ones during my stint. But like many young people, couldn’t wait to become a civilian and get paid for my skills versus my rank.

I immediately signed up for the Naval Reserves and continued my military career earning awards, promotions and moving up on the pay scale in seniority. Those are great benefits for a “part time” job. The trade-off is that at any time part-time could turn into full-time wherever you’re needed by your country.

Benefits Read More

The Second Yakezie Writing Contest Is Now Live!

Changing Things Up A Bit

by in Writing Contest on Jan 15th, 2011

We’re pleased to announce that the second Yakezie Writing Contest is now live!  We are expanding the applicant pool to include college students who are paying the majority of their tuition on their own in addition to high school students or younger.  The first contest was a success thanks to all of you, and we’d like to continue the tradition all year.  The first place winner will receive $600, second place will receive $300, and the third place essay will receive $100.

After the second contest, we plan to change the way we raise and distribute money after this round.  What we plan to do in the short run is create a Pledge Page on Yakezie.com where you can submit your name or site and pledge amount during each contest.  Your pledge is your bond as one’s social capital is fast becoming one of the most important currencies.  With a Pledge Page, no money goes through Yakezie.com and will go straight to the winners as a gift.  As a reminder, ALL money that was sent to Yakezie.com for the first and second contest has been and will be 100% donated.  We don’t take any of your contributions for ourselves.

Our #1 goal is to help our Yakezie Scholars further their education and contribute positive change to the community.  If you are an individual or corporation who would like to be a sponsor/partner, we’d love to hear from you via e-mail.  Without further ado, may we present the second list of Yakezie Writing Contest questions. Read More

Book Review & Giveaway: The Millionaire Next Door

The surprising secrets of America's wealthy.

by in Featured on Jan 13th, 2011

“The Millionaire Next Door” by Thomas J. Stanley and William D. Danko was first released in 1996, and just re-released in 2010.  The information is just as timely now as it was originally published.   This edition is a reprint of the 1996 edition with a new forward by Thomas.  I wish they would update the statistics for today, and do an update on some of the profiles mentioned in the book.  Inquiring minds want to know, where are the millionaires profiled now in today’s economic environment?  Though Thomas Stanley did also release in 2010 “Stop Acting Rich and Start Living Like a Real Millionaire“.   The latest book builds upon the first book and goes into other topics not discussed in the first book.  If you haven’t read either book I still suggest you do so.  I recommend both these books as some of the best finance books to read.

Read More

Featured

Catch Up Strategies for the Rest of Us

Retirement Is Just A Squeeze Away

by in Personal Finance on Jan 12th, 2011

During my 20’s it was easy to live in the present, only ever thinking of retirement as being a far-off fuzzy “what if” scenario. Colleagues in their 40’s would caution me to start planning for this distant event before it was too late. However, I didn’t take their sage-advice and somehow thought my path would be different, i.e. I’d win the lottery or be swept off my feet by a millionaire. But guess what? I’m now pushing 40 myself and that “far away future” seems to be creeping up on me at light speed.

Yet just because I didn’t plan my retirement early in my career doesn’t mean I’m doomed to eating cat food and pushing around a shopping cart to my card board box home. What it does mean is I need efficient strategies to help me catch-up and get on track to a stress-free retirement, and I need to start NOW.

Getting Back to the Basics Read More

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