Tuesday, January 03, 2012

The Wealth Builder Carnival #60

Welcome to the sixtieth edition of The Wealth Builder Carnival. The purpose of this carnival is to collect articles from the blogosphere on building, preserving and keeping enough wealth for a comfortable retirement. For reference, I have tried to keep the carnival content tightly focused on wealth building and did not include submissions that were off topic. For reading convenience, the posts are listed with a brief summary or comment by the submitter and organized into seven categories: Earning, Insuring and Protecting, Investing, Living Frugally, Retiring, Saving and Taxes.

And now onto the Carnival:


Matt presents Taking Time off to Recharge: No More Working on Vacation posted at Living In Financial Excellence, saying, "With all the technology available to us, it’s so easy to work while on vacation. We can bring laptops, tablets and even our smart phones to keep up on our business tasks. Whether it’s staying current on email or conducting full-fledged business, the temptation to keep working on your time off is really strong."

Bucksome presents Have You Ever Seen an Ugly CEO? posted at Buck$ome Boomer's Journey to Retirement, saying, "I have been actively working in a few different corporate headquarters over the past 3 years, and there is one thing that I have recently noticed: ugly people don’t often get promoted. Do you believe this to be true?"

Jim Tolley (aka Kidgas) presents Joining the 30K Challenge! posted at Cash Flow Mantra, saying, "Initially, I thought it might be impossible for me to make it to $30,000 in one year, but I created a spreadsheet as part of my initial 30K post for their site and think it might actually be doable now."

Insuring and Protecting

Rachel Cleary presents Insurance Fraud is Driving Up Premiums posted at Business Insurance, saying, "Insurance policies usually renew annually, and that is when consumers notice that their insurance premiums have gone up. There are legitimate reasons for raising insurance premiums. For example, if it was an especially bad year for hurricanes, then there will be a significant increase in homeowners, auto and health insurance claims. To help recover the unexpected spike in payouts, the insurance companies will raise their premiums."

Tyler presents 5 Secrets of Finding Affordable Auto Insurance posted at Auto Insurance Companies, saying, "I Paying for car insurance is pretty much unavoidable, so why not save? "


MoneyCone presents 10 Stocks For 2012 (& Beyond) posted at Money Cone, saying, "If I were to pick stocks just for 2012, I would be speculating. I prefer stocks for the long term. My top picks for the coming year is not just for 2012, I would like to hold on to most of it even if the returns are less than spectacular."

Dividends4Life presents Are Storm Clouds Gathering For These 7 High-Yielding Dividend Stocks? posted at Dividend Growth Stocks, saying, "Everyone wants to earn more. For investors in dividend growth stocks, the quick way to earn more is to select dividend stocks with higher yields. Swap those 2-4% yields in for stocks earning 7-10%, or more. Before doing making the trade, you should ask yourself the following two questions: 1. Why is the yield higher? and 2. Are these higher yields sustainable?"

Sunil presents Buying Real Estate in Your Self Directed Roth IRA to Escape Taxes and Maximize ROI – Pros, Cons and Other Considerations posted at The Extra Money Blog, saying, "Today I want to discuss buying real estate in IRA – Individual Retirement Accounts to maximize long term return on investment."

Lazy Man and Money presents Don’t Chase Mutual Fund Winners posted at Lazy Man and Money, saying, "I believe buying mutual funds based on the last year’s performance can be a mistake. Top performers are often risky funds that have limited diversity. Instead, well-researched funds that have a high level of diversity are better additions to the portfolio. Though the gains are often smaller in percentage, the risk of large losses is dramatically reduced."

misst presents Investing with the Santa Claus Rally posted at Prairie Eco-Thrifter, saying, "The Santa Claus Rally is one of those events that is expected to happen year to year. It is called the Santa Claus Rally because it occurs right around Christmastime and goes through the end of the year. Each December the markets are usually uplifted and show positive performance."

Marie presents Diversify Your Portfolio to Minimize Risk Taking posted at Money Spending Mommy, saying, "While there is always a certain amount of risk with any investment, if you choose your investments wisely and diversify, you stand a good chance of earning money rather than losing it."

Living Frugally

Justin presents 5 Purchases to Wait On This Holiday Season posted at Money is the root...of all things GOOD!, saying, "For the purpose of this article we are going to assume that all of you share my shame procrastination, and I’m going to give you a heads up on the 5 items to stay away from until after the holidays!"

B.B. presents Easy Ways to Earn, Make, and Give Free or Cheap Gifts posted at Beating Broke, saying, "Just because your Christmas budget may be tight this year, there is no reason to stress out over gift giving. Most people are appreciated at the thought behind the gift. Always pair the gift with a special card or note to really show the gift receiver how much you appreciate and care for them"

Sustainable PF presents Dangers to Stockpiles posted at Sustainable Personal Finance, saying, "Right after we moved in, I started buying extras of almost every non-perishable food item we ever used just so I’d have it ready in my awesome pantry for the next time we craved it. Long story short, having a stockpile has not been good to us."

DJ presents Love to Dine Out? – How to Save Money with Restaurant Coupons posted at The Family Wallet, saying, "Dining out does not have to be expensive. Look for coupons that offer you a deal on your meal but pay close attention to the restrictions. You can save money dining out, whether you dine out once a month or once a week."

Lisa presents Saving Money: Buying A Used Car posted at Thriftability, saying, "With year-end deals flooding the TV screen, many people consider using their holiday bonuses to trade in that old clunker and buy a different vehicle. If you’ve been considering buying a quality used car, but are afraid of getting ripped off, read on for tips on making this major purchase.
There are many credible, honest used car dealerships out there and if you are prepared before you ever leave the house, you might just save money and drive off with a good deal on a nice, clean used car."

Jon Elder presents Start Thinking Like a Millionaire in 2012 posted at Free Money Wisdom, saying, "2012 is the year you start getting serious about your finances and achieving your goal of becoming a millionaire."


Ashley presents Sending a Little Extra to Retirement posted at Money Talks, saying, "My husband and I found ourselves in the fortunate position to get rid of our $70 a month cell phone bill. To me, the financial nerd, the most exciting part of that is the fact that we can actually get rid of a bill. You don’t get that chance very often."


Mike Knowlton presents How do your Saving Habits Rank vs. a Squirrel's? posted at RatRaceExodus, saying, "Squirrels are better than us at saving. Learn to trick yourself into saving like a Squirrel."


Clint Cora presents W8BEN Form For Canadians And Foreigners Who Work In The US posted at Motivation Diversity Success Blog, saying, "To help foreigners who get some income in the US reduce withholding tax"

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

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This is not financial, earning, insuring, investing, living, retiring, saving, tax, or wealth building advice. Please consult a professional advisor.

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