Steadfast FinancesBest Reads of the Week: the 'Moving On Up' Edition - Steadfast Finances

Best Reads of the Week: the ‘Moving On Up’ Edition

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In true self-deprecating humor fashion, I often insinuate that I created this blog just for fun or a way of venting all of the financial knowledge I’ve collected over the last 15 years so it doesn’t erase some important memories from my childhood. After all, I’ve invested a lot of time, perhaps obsessively so, on the concept of making and managing money.

Fortunately, I found out that not all of it is completely useless. On Thursday, I got my first real taste of what real web traffic is like by getting my “Visualizing How Stuff Owns You” reviewed by one of my favorite websites… LifeHacker!

Personally, it’s quite an accomplishment for me since blog traffic blew up 20 fold times normal, but also because I got to read dozens of tweets linking back to me saying “Wow!“, “OMG everyone should do this exercise” or “That’s so real it’s beyond scary!“.  Perhaps the best compliment was a Twitter’er who suggested that “Mint.com should integrate this exercise into their personal finance metrics.

Pretty humbling stuff, so I appreciate all the attention and kind words, as well as the constructive criticisms.

Best reads of the week

Business Pundit – 12 Practical Business Lessons From Social Psychology. I’m a lifelong student of social psychology, so knowing a few of these basic concepts into why we behave the way we do in certain situations will definitely help you out in your professional life, as well as in your personal life. Later today I plan on asking the girlfriend why she’s doing the “social loafing” thing when it comes to me making dinner considering 5 out of 7 meals a week.

Boston.com – MagicJack’s next act: disappearing cell phone fees. As many know, I’m a big fan of MagicJack’s cost cutting potential by slashing my home telephone costs from $300 per year to $57 the first year, and $20 per year for all years after, but this new MagicJack cell phone USB adapter essentially turns your home computer into a miniature cell phone tower. Supposedly, this feature allows you to use an unlimited supply of “anytime minutes” using your home computer and internet connection. It’s not been released just yet, but when it does, it’s another dagger into the heart of traditional landline telecom companies.

Business Insider – Fox News has twice the viewers of any other network. I’m not a fan of politically skewed news, but I think this might be one of the best examples that you do not need universal appeal to become popular. Moreover, it’s further evidence that you can make a lot of money by setting up shop on the fringes of society when you consider that Fox News will likely make more money than CNN, MSNBC and the evening newscasts of NBC, ABC and CBS combined.

MBABriefs - How to analyze stocks like a pro. A really good series of posts on basic fundamental stock analysis that many amateur stock pickers routinely gloss over. I realize that technical analysis is the new thing or you want to buy XYZ company because they’ve got a new product that might change the world, but fundamentals never go out of style for a reason. (Dot com bubble anyone?)

Fiscal Geek - We’re Debt Free! Huge congratulations to Paul and family for paying down $63k of debt in just 11 months. That’s worthy of a repeat. Paid $63,000 of debt to $0 in just 11 months. If that’s not a motivational story of financial responsibility, nothing is!

MoveYourMoney.Info – Few people can create an intellectual argument better than Bill Maher. When he speaks, people have a tendency of doing two things: getting really pissed off or having their minds changed forever. Hopefully, his analogy of comparing our business relationship with the TBTF banks to a dysfunctional personal relationship will be a formal rallying cry in support of the Move Your Money movement. I’ve been on my soapbox for months now regarding the unethical corporate behavior of the financial sector and finding passive ways to fight back against the Too Big To Fail Banks, so it’s good to see more influential personalities speaking their minds.

Perhaps the most influential quote:

Real change is not going to come from Congress, it’s not going to come from the White House and it’s certainly not going to come from the lobbyists Wall Street hires to make sure their special interests keep beating out the public interest. We’ve got to do it ourselves, and moving your money is a great way to start.

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Posted by CJ   @   17 January 2010 3 comments
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3 Comments

Comments
Jan 17, 2010
5:50 pm

Hi Matt! Thanks for mentioning my posts on financial analysis, not exactly the sexiest of topics but something I thought was worth passing along. The fact that you and Sam appreciated what I wrote made the effort worthwhile.

Glad to hear Lifehacker recognized what a great post you wrote, it spoke to me and it sounds like a lot of people have benefited from your wisdom. Keep up the good work!

Jan 18, 2010
12:38 am

Hey Matt! Well done getting that Life Hacker review! Whoo hoo! Big time! :)
.-= Financial Samurai´s last blog ..Where Americans Pay The Most To Live And Why =-.

Jan 18, 2010
12:41 am

Thanks so much for including my story Matt. And congrats, I was stoked when I saw the link to you on LifeHacker. So much good stuff going on it’s nice to be recognized like that and you deserve it. Very cool idea.
.-= Paul @ FiscalGeek´s last blog ..We’re Debt Free! =-.

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