Another worthwhile blog post from my friend on personal finance: It All Started With a Handful of Powdered Drink Mix: Entrepreneurs See Opportunities Others Miss
Bonus: that post includes a stanza from the poem Opportunity by Walter Malone.
Is it Smart for Me to Take Out Student Loans?
In this post my friend (whose recent post “Do You Want Financial Security or the Appearance of Wealth,” on 30 Dec 2013 on www.micawberprinciple.com, was selected to appear on rockstarfinance.com, a site that describes itself as “A Collection of Awesome Money Articles.”) discusses how to estimate the financial payoff for taking out student loans.
Applying this retroactively to my undergraduate degree and student loans, my payoff time was 0.65 years. In actuality, because I had an incredibly low interest rate, I paid it off slowly, with only an extra $10/month toward the principle, until I was about 2/3 done, then I started paying it off aggressively. My total payoff time in real life was about 4 years.
Ask (and Answer) the Right Questions Before Taking Out Student Loans
Another finance blog post from my friend. Make sure to give System 2 a bit of a push off the couch. (It helps the analysis if your intended field of study as a grad student pays you to get the degree, as was the case for me.)
Scrooge’s third visitor, from Charles Dickens: A Christmas Carol. (Photo credit: Wikipedia)
What Can You Learn About Personal Finance From Ebenezer Scrooge?
Another fantastic blog post from my friend’s personal finance blog, exploring our individual relationships with money and how we can change those relationships.
Everything You Need to Know About Personal Finance in 7 Words
From a friend’s personal finance blog comes a fantastic bit of personal finance advice. I’ll give you the 7 words here, but I highly recommend the full article. The 7 words: Place a substantial premium on the future.
Some useful thoughts on the influence our emotions have on us, and we on them (see number 5).