Carnival of Personal Finance

Carnival of Personal Finance – Words of Wisdom Edition

Monday, January 23rd, 2012

It’s my pleasure to host this week’s 345th edition of the Carnival of Personal Finance.

If you’re not familiar with a blog carnival, it’s a showcase of some of the best writing from throughout the blogosphere, with bloggers submitting one of their best recent posts.  This particular carnival, which features rotating hosts, has been in operation since the summer of 2005.

I thought it would be fitting to intersperse this week’s picks with quotes that feature additional words of wisdom or points to ponder.

Editor’s Picks

“The ancient Greek definition of happiness was the full use of your powers along lines of excellence.” – John F. Kennedy

There were lots of great entries in this week’s carnival, but I thought the following two were especially good.

Bob at ChristianPF shares an important idea he calls Get Your Financial Life on One Page, which recasts what can be a tiresome financial chore into an act of love.

Roshawn Watson at Watson Inc asks Do You Have the Courage to be Wealthy?, pointing to a key character trait that can either hold us back in so many areas of life or propel us forward.

Money Management

“Action expresses priorities.” –Mahatma Gandhi

Laura Edgar from NerdWallet offers some good guidance for Sticking to Your Resolutions, along with a quiz to see which of two approaches may be best for you.

SB at One Cent at a Time says resolutions aren’t enough; you need to become obsessed with what you want.  Read more at 5 Obsessions Towards Financial Freedom and Becoming Rich.

Sustainable PF offers rational ways for Beating Irrational Financial Behavior.

Jon the Saver from Free $ Wisdom shares 3 Financial Lessons I’ve Learned From Angry Birds.  Don’t worry, you don’t need to have played the game to get the lessons.

Jeffrey at Saving Advice provides Money Lessons Learned From “The Firm,” a movie that demonstrates in many ways the old adage: money changes people.


“October:  This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” – Mark Twain

Diva at Diva in Debt covers the latest personal finance controversy with More Bad News for Suze Orman.

Div Guy at The Dividend Guy Blog helps clear the fog from our economic binoculars with If You Want to Know Where the Stock Market is Heading, Read the Following.

Philip at PT Money brings us up to date on 2012 Traditional and Roth IRA Contribution Limits.

FIRE Finance offers Three Good Habits of Successful Retirees, reviewing the traits of successful long-term investors.


“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan

PK at Don’t Quit Your Day Job submitted Another Salary By Major Chart, which may help those headed for college choose a productive path.


“Did you ever notice that when you put the words ‘The’ and ‘IRS’ together, it spells ‘THEIRS?’”  – Author Unknown

Glen Craig at Free From Broke encourages us not to pay more in taxes than we have to with 10 Common Overlooked Tax Deductions.


“Work while you have the light. You are responsible for the talent that has been entrusted to you.” – Henri-Frederic Amiel

Mike at The Financial Blogger shows other bloggers what’s made a big difference in his success with This Image Will Make You a Believer.

For business owners, Peter at Bible Money Matters has a helpful reminder on How to Prepare and File A 1099 For Contract and Freelance Workers.


“Before borrowing money from a friend, decide which you need most.” – American Proverb

Erik at DollarVersity opens up a bit of a debate with Are Credit Scores Still Relevant?

Real Estate

“A man builds a fine house, and now he has a master, and a task for life.” – Ralph Waldo Emerson

Martin at Passive Income Now has advice for landlords in Maintaining Your Rental Property Once You Hand the Keys Over.


“Economy is half the battle of life; it is not so hard to earn money as to spend it well.” – C.H. Spurgeon

Squirrelers offers 12 Expenses to Cut, reminding us of some discretionary spending that we may have re-categorized as essential.


“Money is better than poverty, if only for financial reasons.”  – Woody Allen

Roger Wohlner at Chicago Financial Planner offers The Similarities Between Buying Coffee and Choosing a Financial Planner.  A key to choosing well in both cases is knowing what you’re getting for your money.


“Planning is bringing the future into the present so that you can do something about it now.” –Alan Lakein

Dan Meyers from Your Life, Their Life explains Why We Use a Cash Budget, backing up lots of research that shows people tend to spend less when they pitch the plastic.


“In the old days a man who saved money was a miser; nowadays he’s a wonder.” –Author Unknown

Martin at Studenomics reminds us of a classic way to start building savings in What’s the Best Way to Start Saving Money Right Now?


“Plans are worthless.  Planning is essential.” – Dwight D. Eisenhower

Money Beagle has ambitions to get lots of stuff done this year.  Hence, My List of 500 Things To Do This Year.  It may sound overwhelming, but when you break the idea down month by month, it may just help you stay organized, reduce clutter, and avoid buying things you don’t need.

Thanks to everyone who submitted posts for this week’s carnival.

Categories: Credit/Debt, Planning, Psychology of Money, Saving/Investing, Smart Spending

5 Responses to “Carnival of Personal Finance – Words of Wisdom Edition”

  1. Thanks for including, some great quotes you compiled

  2. Hi Matt,

    Thank you for hosting the carnival this week and for choosing my courage post as an editor’s pick. That’s awesome, and I’m honored. I love the quotes!

  3. FIRE Finance says:

    Thanks for hosting the carnival and including our post. Best wishes ahead :).
    FIRE Finance

  4. Glen Craig says:

    Thanks for hosting this week and including our article on tax deductions.

    This is one of the smaller CofP’s I’ve seen in some time.

  5. Flexo says:

    Hi Matt — thanks for hosting the Carnival!

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