2009 October | nil2million.com

Posted by Nash

Welcome to the 12th Edition of Everything About Personal Finance!

In this carnival, just like the previous ones, you’ll see a wide variety of collection of fresh articles about Personal Finance in the topics of career, credit card, debt management programs, frugal living, property, make money online, insurance, investment, savings and others.

To the contributors of the articles – thanks for participating! Please feel free to join this Carnival again in the future. Can you do me a favor? Can you please link this article back to your blog, so that both our readers can benefit from this post? Thanks!

What is blog carnival? It is a collection of articles from other blogs on the related topic. It’s divided to smaller topics where you can zoom in to the ones that interest you. The articles are fresh, so it’s always useful to come back for more.

If you like this article, you can subscribe to get future articles to be sent directly to your email.

Career

Madeleine Begun Kane presents Just In Time For Labor Day, Some Job Interview Humor posted at Mad Kane’s Humor Blog.

nissim ziv presents How to Negotiate a Salary: Negotiation Tips, Questions & Expectations posted at Job Interview Guide, saying, “The article brings the best tips, tactics, questions and answers for your salary nagotiations.”

nissim ziv presents Resume Objective Ideas posted at Job Interview Guide, saying, “Many resume objectives and career summaries are missing the point. A properly written resume objective can pull the reader to your resume while a bad one can drive him or her out.”

FMF presents How to Make Up for Being Ugly posted at Free Money Finance, saying, “One way to make your career better: don’t be ugly.”

Credit Card / Debt Management Programs

Woman Tribune presents “Can My Credit Card Company Do That To Me?” posted at Woman Tribune, saying, “A list of current complaints from credit cardholders and comprehensive answers about several current credit card terms.”

OnlineCollege presents Online Colleges and Financial Aid - Top Accredited Online Colleges, Universities, and Courses posted at Universities and Colleges.

Braudis Pegram presents Are Some American Banks Un-American? posted at The koH Resources Blog.

Alex presents Is Buying a Rental Property Worth it? posted at MoneyStance - Money Making Opportunity Reviews, saying, “A getting out of debt Journal where Alex is paying down a half a million dollars in debt while simultaneously evicting tenants and battling the woes of a landlord.”

Colin Robertson presents Is Credit Card Interest Deductible? posted at The Truth About Credit Cards.com.

CreditCardAssist presents What Are The Responsibilities of a Co-Signer? posted at Credit Card Assist, saying, “Some risks and responsibilities to be aware of when co-signing for a credit card account or a loan.”

oneadvice presents Do I Need Debt Advice? posted at One Advice, saying, “Not sure if you need debt advice? Want to find out when the best time is to seek advice about your debts? Find out here…”

oneadvice presents Become Debt Free posted at Debt Free, saying, “Learn how to become debt free. Depending on your circumstances it could be easier than you think…”

Steve Faber presents - The Right Debt Management Solution – How It Can Help You Succeed Financially posted at DebtBlog, saying, “The ability to properly manage and use debt is one of the most vital skills you can possess, and one of the key determinants in your financial success.”

Credit Shout presents How often do credit scores change? posted at CreditShout.

Billeater presents How to Find a New Credit Card posted at Billeater.

Frugal Living

BWL presents Free land? posted at Christian Personal Finance, saying, “Believe it or not, Kansas is still giving away free land available to homesteaders…”

Joseph presents Cheap DVD Movies posted at How to save money

Investing

Patrick @ Cash Money Life presents Best Brokerages for Roth IRAs posted at Cash Money Life, saying, “Where should you open a Roth IRA? This article reviews some of the best mutual fund firms and discount brokerages for opening a Roth IRA.”

Mike Piper presents How to Rollover a 401k into an IRA posted at The Oblivious Investor, saying, “A step-by-step guide to rolling over a 401(k) account into an IRA. Also includes tips on pitfalls to avoid.”

Retirement Savior presents The Future of ETFs posted at Retirement Savior, saying, “Will the future of ETF’s be good or bad for investors? Times are changing, and the ETF “wild west” period is over.”

Sam presents Buy 500 Companies for $1,000 with a Stock Index Mutual Fund posted at Surfer Sam and Friends, saying, “Thanks for including my article. Here’s an excerpt… If you are a small investor who wants to meet your long-term investment goals, to minimize risk and to save the time and expense of researching stocks for yourself, an Index Fund is the ideal investment vehicle. Index Funds allow average people to participate intelligently in the stock market. If you have only $100 to invest, you can still buy shares in an Index Fund. People invest in Index Funds because they believe that stock markets are efficient and that stock-pickers on average will not do as well as the market. When you consider that other mutual funds, those with active managers, often do not perform as well as Index Funds, you can see why many small investors buy Index Funds. Here we answer your questions. What actually is a stock Index? What is an Index Fund? Is an Index Fund a good investment for you? How much does it cost to buy an Index Fund? How much will an Index Fund earn for you? How do you buy shares in an Index Fund? Which Index Fund should you buy? Finally, what are the tax considerations when you buy an Index Fund?”

Others

Bucksome presents Is Your Partner Financially Compatible? posted at Buck$omeboomer’s Financial Path to Retirement, saying, “A study that included over a thousand adults determined that even though people are more likely to select partners that with matching personality traits and looks they go for the opposite when it comes to finances. Of course the result of the opposite orientation is fighting. In my Financial Peace University class, Dave Ramsey mentions that money is the number one reason couples fight (and in some cases divorce). So what do you do once you fall in love with a financial opposite and marry?”

Property

Chris presents Buying a home? Learn how negative equity can become your worst nightmare. posted at Home I Own.

Jeff Rose presents How to Hire an Architect For Building Your Dream Home posted at Jeff Rose.

Retirement

Bill Spohnholtz presents 401K Rollovers (Gimme My Money Back) | Learn The Stock Market And How to Trade posted at Learn The Stock Market And How to Trade, saying, “You left the company for a reason, why let your money make your old company some money? There are better ways!”

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

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Categories : Blog Carnival, Credit Card, Debt Management, Investment, Make money online, Make money tips, Personal finance

Posted by Nash

In this post, Natalie from One Advice discusses the difference between Debt Management Programs and Debt Consolidation and how it can help you to get rid of your debt.

How Debt Management Programs Can Help You Get Rid of Debt

You may have come across debt management plans under a number of various names, including financial management plans, debt payment programs and debt payment plans. For people with bad credit, this is something that they may already have heard of.

All of these are basically names for the same financial product. What a Debt Management Program is designed to do is consolidate all your unsecured debts into a plan which allows you to make a single monthly payment lower than what you were paying before. This is essential if you are looking for credit repair or improve credit ratings.

You may have heard of debt consolidation before and think that this is the same type of thing, to put it simply, it often isn’t. Debt consolidation predominately means that you take out a loan and use this new debt to repay all of your old debt. A debt management program does not involve borrowing any further money so you don’t increase your debt levels. This is an important difference, and when deciding on which debt solution is best for you, it is important that you understand these differences.

How Can a Debt Management Program Help Me Get Rid of Debt?

Debt management plans are arranged by professional debt solutions companies. Make sure you do your research first to ensure that you get getting debt advice from an ethical company who have a long history of successfully working with unsecured creditors to repay debt.

The company will then work at getting the plan put into place. They will talk to your unsecured creditors and agree the debt management plan on your behalf. Some creditors also agree to freezing additional interest and charges which mean you don’t have to worry about your debt increasing, which is perfect when you are looking at ways to get rid of debt as effectively as possible.

A debt management plan can help you get rid of debt. The days of missing repayments to your unsecured debt and landing yourself with monthly charges should be a thing of the past. The debt management plan will be tailored to your own unique set of circumstances at a level which is affordable to you.

Debt management plans are also flexible. If you are in a position where you can increase your repayments then this is possible, just speak to the debt management company and ask that the amendments are make to your plan. Paying off more through your plan should help you get rid of debt even quicker.

If you are looking for a ‘quick fix’ debt solution then a debt management plan is not for you. It does not allow you any type of debt relief. But it does allow you to make your debt more affordable on a monthly basis which is a great way to begin to get rid of debt.

About the Author:

One Advice are a debt solutions company who offer a full range of financial management solutions all under one roof. No matter what your debt level, the One Advice team can ethically advise you as to which of their products is best for your personal financial circumstances.

Collection of Articles On Personal Finance (Carnivals):

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Categories : Credit Card, Debt Management, Personal finance

Posted by Nash

Gold has been around for centuries and it is often considered as a symbol of wealth and power from then till now.

Precious metals, in particular gold, has always been a popular investment choice for investors.

Why would you want to invest in gold?

Generally, people invest in or purchase gold for 3 reasons:

They are looking for an alternative investment to the share market.
They want to hedge (protect) themselves against economic crisis or currency crisis.
They want to make money from the increase in gold prices

For no 1, this is normally done for diversification purposes. You’ve already invested in the stock market, properties and now you want to invest in other assets.

For no 2, this is due to the fact that gold prices normally acts in reverse (or negatively correlated) to the economy and the currency. Meaning, if the currency weakens (value of the currency goes down), the price of gold will increase, and vice versa.

For no 3, well, that’s why people invest isn’t it? They ride on the increase in price. For this case, they invest when the gold price increases.

Currently, the US Dollars is weakening and the gold price is increasing - which begs to the question -

Is this the time to invest in gold?

My opinion, yes, this is the time. I personally have begun to invest in gold for these two reasons - the weakening of the US currency and the uncertainty of the recovery of the economy.

Well, look at the gold charts and it will tell you. Or go to the jewelery store and have your gold valued - you’ll be pleasantly surprised that the current value of your gold is greater than the time when you purchased it.

For me, investment in gold is always for the long-run. Well, you can speculate and watch the gold price movement like a hawk, but it will be easier if you do that in the stock market.

Ways you can invest in gold

There are a few ways you can invest in gold.

The usual way is to buy gold ornaments (your wife would love that idea) or to purchase gold coins or purchase gold bullion.

You can also invest in gold through exchange traded funds (or ETFs) or invest shares of companies which operates gold mine or companies which sells gold.

A more sophiscated or savvy investor can also look at commodities, derivatives or spread betting.

Whichever way you like, you should follow what you are comfortable with.

In summary, investment in gold is always a good alternative to invest in shares. While you’re expanding your investment, you may wanna put gold as one of your investment preference.

Photo courtesy of motoyen

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Categories : Investment