linkling: hands across the blogosphere edition

Scribbled by Steve on September 8, 2007 - Comments

This was a slow week for me. Labor Day made everything slow down at my corporate client. Little Buddy had a head cold, so the evenings were muted. Things have been quiet. I’m not complaining a bit, though. Here’s a few of my favorite articles from wandering around ye olde blogosphere this morning.

The Costs of a New Home: It’s More Than Just the Mortgage AND Are Prescription Co-Pays Ripping You Off? by A Penny Closer. I knew when I bought my home it would be more expensive, and I tried to plan for it, but there were many expenses I was unprepared for. Improvements were tough – we spent a lot on fixing up our new-construction townhouse. And to be honest, I never even considered the possibility that my co-pay wasn’t the best possible price. Two excellent articles.

Despite myself, I liked the What I Learned from the 2001 New England Patriots from Lazy Man and Money. I’m from New York, so I’m almost required by law to loathe Boston sports teams. This year is the Jets’ year!

Should You Listen to Financial Gurus? from Financial Dominance. Oh, Kiyosaki. The financial guru who has sparked a thousand arguments… I like him, but I’m always willing to listen to the anti-Kiyosaki point of view (and this is a good analysis).

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  • @Paidtwice, @David - yes, I take great consolation in the fact that the Jets came in #2 in total points scored in that game :( This is why my plans for a Trip To The Super Bowl 2007 Jets blog never quite takes off...

    @WC - I need to read that one someday - I've heard about it several times but never picked up a copy. I'll get to it eventually!
  • Rich Dad seems to be a good beginners book that is filled with simplistic messages. After all, when we're starting out all that you really need to know is the difference between good and bad debt.

    But I have to agree with the above, he portrays himself as an expert but never provides details. It would appear that his fortune has really been in marketing himself as a financial guru and then selling merchandise.

    In my opinion, an even better beginners' guide to personal finance is "The Wealthy Barber" by David Chilton. It is Canadian, so may not have the universal appeal, but actually provides the simplistic message without the air of portraying himself as an expert.
  • Well at least the Jets scored some points for you ;)
  • I would say I told you so, but that wouldn't be nice...
  • @David - I would say, at this point Sunday evening, that you were right to go with the Pats...

    ARRRGH.

    :(
  • Wow - thanks! I'm glad that you enjoyed the posts. I appreciate the mention!
  • I'll have to confess that I haven't read Ramsey's work. I've read a bunch of the usual personal finance books but never made it to his stuff, so what I know about him is all through reviews, commentary and so on. I imagine Ramsey's advice is better for people. However, I think Kiyosaki (as you said, Brian) presents important concepts in a way people have never thought about them before, and does it simply and clearly. I still credit him with kicking off my intense interest in personal finance, even though I would never follow most of his vague advice.

    But I liked the post you did, Brian - I didn't think it was too harsh, it was pretty fair to Kiyosaki.
  • I realized after I wrote my article about the gurus that I may have sounded harsher than I meant to about Kiyosaki. To be honest, even though he is not totally honest or forthright, there are thousands of people that would never hear the "assets are good and liabilities are bad" ideology which I think is important.

    That said, I would point someone to Mr. Ramsey over Mr. Kiyosaki any day of the week.
  • Jets? ;-) I'm going with the Pats....
  • I read posts from A Penny Closer and Financial Dominance. I agree, these are good posts.
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