Carnival of Financial Planning - November 1, 2007 Edition

The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices that can lead to lifetime financial security. This edition is arranged by subject heading, so that you can browse efficiently.

Enjoy!

The Skilled Investor

Budgeting

Kevin Fleming presents Why I Switched From Cable TV to Satellite posted at Satellite TV Guru, saying, “Switching from Cable TV to Satellite May Save Your Family Hundreds of Dollars a Year, this is my story and why I switched to Satellite.”

Economics

Phil B. presents Please Help Solve America’s Economic Issues « Phil for Humanity posted at Phil for Humanity, saying, “Fellow Americans, the economic future of the United States of America looks bleak, so please contact your representatives in government and demand fiscal responsibility immediately!”

Eric Stanley presents How The Recent Credit Crunch Could Affect You posted at Personal Finance Blog Articles, saying, “With banks and financial intuitions unsure on the risks involved with lending to one another, a ripple effect is being sent out into the rest of the lending world.”

Estate Planning

Eric Hudin presents Estate Planning Tax Advice - Why You Need It and Where to Find It posted at My Estate Planning Career Blog, saying, “Taxes are something you have to pay all of your life, and if you do not plan ahead, they will be something your estates will be paying even after you are gone. So making sure that you get quality estate planning tax advice when you are arranging your final affairs is one way to ensure that your heirs, and not the IRS, receive the bulk of your estate.”

Financial Planning

Mark U Runta presents Managing the Unknowns posted at Smart Investing & Money Management, saying, “Manage the unknowns and stick with your financial plan.”

The Financial Blogger presents The Primerica Paradox: The Conclusion Part 1 posted at The Financial Blogger, saying, “I wanted to draft an honest, non-biased point of view on Primerica. While I am well aware that this is not a simple task, I will try with this post to explain why I personally decided not to join Primerica. I do not intend to bash Primerica but there are obvious reasons why I decided that this company was not made for me.”

Roshawn Watson presents Creating Phenomenal Wealth Over Time posted at Watson Inc, saying, “The long-term view of wealth is not congruent with many of our current societies’ values. We live in a fast-food culture where everything must be instantaneous. This would explain the preponderance of get-rich quick programs, and most are terrible. Meaningful change often necessitates a significant time-investment.”

Everything Finance presents Do you want to be a Quiet Millionaire ? posted at Everything Finance.

Raymond presents Life Comes At You Fast - Be Organized and Financially Prepared posted at Money Blue Book.

Allen Taylor presents Investing - Determining Your Goals posted at Investing World Today, saying, “Much like an exercise program, you will want to determine your goals before you begin to invest. Your goal might be retiring in 20-30 years, kids college funding or, if you got started a bit late, retirement in the next 5 to 10 years.”

Financing a Home

Jimmy Atkinson presents How to: Sell Your Home Without an Agent posted at Ask the Advisor.

John Crenshaw presents What’s the Point in Paying Points? posted at Truthful Lending dot Com, saying, “Thinking of getting a no-cost refinance? Better read this to find out how you can potentially put $700,000 in your pocket by paying points upfront.”

Colin Robertson presents Biweekly Mortgage Payments posted at Mortgage Tips and Credit Help.

Financing Education

Alanna presents Investing in (and for) Your Children posted at BBB Consumer Education.

Roshawn Watson presents Forget Looking Rich…BE Rich! posted at Watson Inc, saying, “What is the good life to you? Like many, I used to imagine Barbie and Ken with the big home, matching BMWs, vacation home(s), and luxurious yacht. I assumed that Barbie and Ken were the very portrait of success. However, a closer look revealed that my vision was distorted. Barbie and Ken were BROKE! Forget looking rich, let’s be rich instead”

Ryan Russell presents Map Out Your Financial Future posted at Care on Credit, saying, “Learn to balance your income statement and understand how your future cash flow will be 6 months, 12 months and 3 years from now.”

karyn presents Stop Saving for College! posted at Finance 123, saying, “Many parents today start saving for college as soon as their child is born. This is noble and exactly what parents who are enthusiastic about their child’s future should do. But they should only be saving for college if their own future is secure. While it may not be as much fun, you should put college savings on hold for as long as it takes to build up a suitable nest egg for your own future.”

Income

Juan Millon (1mil) presents Are You Destined For a Life of Mediocrity? posted at Millionster.com, saying, “Is chasing the middle class dream the height of your potential?”

FMF presents Key to Credit Card Success: Pick the Right Credit Card for Your Spending Habits posted at Free Money Finance, saying, “If you plan it right, picking the right credit card can add several hundred dollars to your bottom line each year.”

Investing

David presents Bank Loans Basics, a Brief introduction to all loan types and how they can help your business posted at Gaizer.com, saying, “There are many types of loans available, the following is a brief list of all loans, what they are and what can they do for your business.”

FIRE Getters presents TIPS for Inflation and Deflation! posted at FIRE Finance.

Dirk Masuch Oesterreich presents Fundamental Outlook for Industrial and Precious Metals posted at Nevada Gold Investor.

Marc presents Why a Mutual Fund Makes More Cents posted at Queercents, saying, “Advantages of mutual funds.”

Kurt Brouwer presents Investors Take Advantage of Low Capital Gains Tax Rates posted at Fundmastery Blog, saying, “Investors are starting to take advantage of low capital gains rates…”

JASMBA presents Getting Ahead posted at Getting Ahead.

Managing Debt

Kevin Surbaugh presents Great Loan Calculator posted at Becoming & Staying Debt Free.

wilson ng presents The Yin and Yang - It Goes Both Ways posted at Reflections of a BizDrivenLife, saying, “I once joked with a banker that he has the best business in the world — even when he is asleep, his money is creating more money as interest is compounded upon interest. That is great if you are the creditor. But it works both ways - if you are a debtor, your interest is also being computed whether business is moving or not. We want to be entrepreneurs because once you have a business, your business can be a resource which keeps earning for you. However, until that is established, a business can also be pulling your money in. Understanding that an advantage can be a disadvantage in other situations is one of the things to understand about money and finance.”

Raymond presents Stay Away From Department Store Credit Cards posted at Money Blue Book.

Tim Ramsey presents 7 Steps to Debt Freedom posted at My Debt Relief Blog, saying, “For anyone out there who has ever forgotten a payment or found themselves with more debt than their income could pay, you know how aggressive some of these creditors can be.”

Aaron Wakling presents Improving Your Credit Score - Fundamental Factors posted at The Credit & Credit Card Blog, saying, “To understand how to improve your overall credit rating, it is imperative you understand what factors influence your FICO score.”

Karen Halls presents Bankruptcy Vs Bankruptcy Alternatives posted at A Bankruptcy Lawyer’s Blog, saying, “When you’re beginning to find it difficult to pay off your debts you might consider filing for bankruptcy as your ultimate debt solution. But have you considered other options before you finally declare personal bankruptcy?”

Retirement Planning

Super Saver presents Money Moves For Your Fifties posted at My Wealth Builder.

Thomas Humes presents Guidelines for Building Wealth posted at Wealth Building World, saying, “Review my guidelines for building wealth.”

Risk Management

Larry Russell presents Diversify To Avoid Investment Fraud posted at THE SKILLED INVESTOR Blog, saying, “Stories about investment fraud often seem to include the phrase “his or her life savings.” There should never be a moment during your lifetime when your life savings are not heavily diversified across many investment vehicles and firms.”

Doris Chua presents Installing a Security System posted at A Meeting Place for All Home Office Women, saying, “At some point, DH and myself have been discussing about installing security systems in our home office. It has always been our concern when we are outstationed from time to time and it is not feasible to carry our laptops with us during those travel times.”

Savings

Mark U Runta presents Buying Value posted at Smart Investing & Money Management.

Taxes

Trevor Mauch presents Capital Gains Tax Rates - State by State posted at The Real Estate Investing Brain, saying, “Excellent quick resource or finding state by state capital gains tax rates. This comes in handy when you deal with sellers of highly appreciated assets.”

Robert D Flach presents IT’S THAT TIME OF THE YEAR AGAIN! – PART I posted at THE WANDERING TAX PRO.

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

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