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Weekly Roundup - Personal Finance Upkeep Edition

This weekend I have a lot of fun activities scheduled - paying bills and updating Quicken for well over a month’s worth of transactions…. There goes Saturday. Thankfully No Credit Needed just wrote a nice article about Taking a Few Hours to Organize Financial Documents. I have a similar system in place, but why rewrite what he just wrote?

Beyond that article, there are some great articles to share this week:
The Serious Articles:

  • Yesterday I Resigned. Will I Ever “Work” Again? Lazy Man was respectfully asked to resign from his company when they decided things weren’t working out. I felt bad when I was reading this - like one of my friends just called me up and told me the same thing. Luckily, Lazy Man has some high tech skills that are always in demand. He also has some nice alternative income streams, which should help out in the mean time. Still, I know this came as a blow to him, and I hope he finds what he is looking for.
  • Can Losing Your Job Mean Finding Happiness? Money Smart Life’s response to Lazy Man’s situation. Sometimes, I think losing your job can help you find happiness. It forces you out of your comfort zone, and forces you to reevaluate your life. A great article.

The Humorous Articles:

Articles to Help You Earn Money:

  • Use the Right Benchmark to Accurately Measure Investment Performance. It is very difficult to measure your portfolio’s performance vs. indexes if you don’t use the correct benchmark. This is a great article about how to determine which benchmark to use and how to measure investment return. A must read!
  • Calculate Taxable Equivalent Yield. Some investments are free from state or federal taxes, so it is important to determine their effective yield based on your current income tax rates. Sometimes a lower yield investment may be a good investment because you won’t pay taxes on it.
  • How Much Better is Your 401(k) Than a Regular Taxable Brokerage Account? A little analysis can go a long way. My answer is go with the 401(k), especially if you get a company match.
  • Sustainable Income. Call it alternative income, passive income, side income, or residual income. Finding and sustaining an income stream outside your normal paycheck is a smart thing to do.
  • Money Lesson #3 Investment Vehicles. No, not vintage automobiles! Investment methods and forms of investments. Good information if you ever get confused listening to the talking heads on TV.

Articles to Save You Money:

And a Couple Others:

Have a good weekend! ;)

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