Carnival of Wealth #Who’s Counting?

Outtake from the Carnival of Electric Daisies. Which we hopefully have NO overlap with

Where do 168 hours go, anyway? Presenting yet another version of the Carnival of Wealth, the weekly extravaganza of personal finance articles culled and prepared for broadcast by your hosts here at Control Your Cash. If you want to submit your own brainchildren, do so here. There’s a list of guidelines on that page, but we’re adding one more here: be entertaining or informative. Or go in the other direction and be abysmally horrible, in which case we’ll run your post as a warning to others. Either way, get it in by midnight Saturday. You ready? Let’s get started:

(One more thing: this is the last week we’re going to pretend not to notice when people send multiple entries. From now on, when we see a second submission from the same blog we’re deleting it and the first.)

Still putting your money in a savings account because you’re intimidated by that curious new development called a money market account? Don’t be. John Kiernan at Wallet Blog explains the difference and how if you’re invested in the former, you’re leaving cash on the table.

Despite its government’s best efforts to get businesses to flee, California remains the nation’s most populous state. For our Californian readers who enjoy paying confiscatory taxes and being told what light bulbs they can use (and that soon, their votes won’t even count), here’s a post from Manny Davis at Back Taxes Help about the Golden State’s tax amnesty program. Just move to Nevada already. Easy incorporation and no state income tax.

Emily Guy Birken writes about Lending Club at Deliver Away Debt, showing how borrowers and lenders can eliminate the intermediary and conduct business with each other directly.

It takes an awfully optimistic parent to think that college costs are going to decrease over the next 18 years. For the rest of you, PT Money gives an expository Q&A on the benefits of 529 plans.

Miranda Marquit guest blogs at Free From Broke this week in her best post yet. If you think the IRS is going to take “I didn’t know my husband was laundering money” as an excuse…well, they might. But here’s what you need to know before using that defense.

Eric Nisall at DollarVersity (I think we know him well enough not to use the identifying middle initial anymore, just like Yngwie J. Malmsteen) thinks if you’re paying any cash, you’re paying too much. Not when you can barter your way to prosperity. I’ll take 4 cow hides for your spear and fire-sticks, thank you very much.

If you offered us a credit card with a $395 annual fee, we’d assume it came with a butler and a massage therapist. But Tim Chen at Nerd Wallet is satisfied with getting baggage fees waived and being allowed to check out of hotels late. Check out what he has to say about the new Ritz-Carlton VISA card.

You work hard to earn, save and invest in order to grow a retirement nest egg. That being the case, you’ll likely agree that it makes a lot of sense to do everything you can to protect your assets. Neal Frankle at Wealth Pilgrim lists the top 5 ways to to do just that.

Kevin at Invest It Wisely thinks you should save half your net income, and offers this groundbreaking analysis of a John Maynard Keynes quote:

A famous economist once said “In the long run, we are all dead.” This is undoubtedly true.

Here’s a great example of how not to handle a 500-point drop in the Dow. WORRY IF YOU HAVE ENOUGH FOOD AND WATER TO SURVIVE. That’s how the lady mind of the somewhat excitable Marie at Prairie Eco-Thrifter prioritizes things after the market loses 4% of its value (most of which, of course, it regained the following day.)

Every submission we receive comes with a one-line summary written by the submitter. We usually discard it and come up with our own, but it’s hard to reword the one we got from Briana Myricks at 20 and Engaged this week: “My husband may be getting laid off. If so, we’ll both be unemployed.” Good times!

What’s the difference between a 401(k) and an IRA? Read page 117 of Control Your Cash: Making Money Make Sense. Or this post from The Family Wallet.

It’s amazing that our parents’ generation managed to raise any kids at all, what with the dearth of blogging mommies dispensing advice back then. Fortunately, today’s parents have Money Spending Mommy and her ilk to set them straight. Today’s topic: teaching kids how to invest. Did you know that kids have a tough time conceiving of delayed gratification? Because apparently they do.

Can you stand another post on the USA’s recent credit rating downgrade? Well, you’re getting one. Everything Finance buys into the belief that Standard & Poor’s pegging the nation at AA+ is based on politics. Funny how Tim Geithner et al. didn’t say a word about that before the downgrade.

Darwin’s Money is beating our very own drum. This week Darwin discusses how crazy it is to follow conventional wisdom and eschew home ownership when prices and mortgage rates are historically low in tandem. (As landlords, however, we think he’s crazy. You should rent, rent, rent!)

We’re tight on space this week – lots of rejections, and submitters who can’t figure out the deadline – so we’re running this piece from Ricky at Qwoter on how to buy, ahem, penny stocks. We’ll let you figure out whether we included it as legitimate advice or as a warning.

There are companies increasing their dividends? Believe it. D4L at Dividend Growth Stocks lists several of his favorites.

Anything that makes the established major brick-and-mortar banks weaker is OK in our book. Daniel at Sweating the Big Stuff shows how you can tell Bank of America to take a walk while embracing ING. (Of course, if Bank of America loses enough market share, they’ll demand another bailout, and the federal government will doubtless give it to them, out of our pockets, so maybe you should stay with Bank of America anyway. Great, this is what personal finance advice has some to in 2011. Fatalism.)

Think post-secondary education is prohibitively expensive? Not if the aptly named My University Money has anything to say about it. Their scholarship contest will take a $100 bite out of one lucky applicant’s tuition. Or beer money.

Thanks again for coming. See all y’all next week.

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