This week I read a number of great posts from various blogs that I follow.
Robb Engen at boomer & echo wrote about “How I Turned A Blog Into A Profitable Online Business“. It’s always interesting to me how other bloggers have built up their blogs and challenges they’ve faced – and overcome. Well worth reading for anyone who writes a blog or is considering starting one.
Last week Nelson Smith at Financial Uproar wrote “You Just Won The Lottery. Now What?” Every time I read a story about someone squandering a fortune, usually a lottery winner or professional athlete, I think about writing a post just like this.
Moneystepper, written by Graham Clark, is a UK based blog that I’ve been into recently. He wrote about a new technique for real estate transactions, “Modern Method Of Auction – A Warning“, and suggests it’s a bad idea for both buyers and sellers. I’m always interested in novel transactions types, especially in the realm of real estate, but I agree with Graham that this one should be given a pass.
John Robertson at Blessed By The Potato wrote about the The Opportunity Cost of Higher Education. As a Canadian who has a PhD, I was sent a link to the report he responds to by friends on Facebook. I applied for a job with my Masters years ago. During the negotiation, when I asked about how the Masters would affect my salary, they said they’d consider it equivalent to 6 months work experience (it took me 16 months to complete my Masters) and said I was lucky to get that, as many employers don’t give credit for a Masters. One of my friends talked about how we’d all committed “financial suicide” doing a PhD. I agree with John that none of us do a PhD for purely financial reasons, and certainly none of us are doing the calculations the way this report does when making this decision. That being said, I often feel we’re in a higher education bubble and reports like this are important information for people thinking about the value of higher ed.
I had a nice exchange on twitter with Steve Reed from Stevenomics. The post that got me to subscribe to his blog was “It’s Already Been Done. Copy It” which makes the argument that whatever your goals are, other people have already accomplished them and you should look at how they did it instead of trying to re-invent the wheel. Good stuff and I agree with him completely.
What personal finance blogs have you been reading recently?