Carnival of Wealth, Icy Continent Edition

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(Not shown – CYC winter headquarters, where it’s currently 79º and sunny)

 

Just look at those numbers. Even the Bahamas is experiencing sweater weather. You people who live where the minus signs and single digits are, are you masochistic in every aspect of your life, or only the ones that involve exposing your body to the elements? Our favorite number on there is the 26º in Dickinson, North Dakota. “What did we do to deserve this lucky torrid fortune?”

Onto the Carnival. Please Jesus, let the submissions be better than last week’s. Let’s start with Easy Extra Dollar, with a piece on how to earn money online:

Many people have problem in installation and application of software’s. If you have a knowledge about the installation and usage of soft ware’s. Then you can make money online.

We’re not sure whether “soft ware” is one word or two, but at least we have a knowledge that its plural takes an apostrophe.

Anyone here play poker? What do you when you’re holding an unsuited 2 and 8, and three Aces come down on the flop? Do you stick around to the bitter end, or do you fold? Yet here we are, unswayed and not backing out of the CoW immediately as we probably should.

Repetition is the key to something or other, and Jon Haver at Pay My Student Loans enjoys writing about the niche topic of paying one’s student loans. Jon says you can beg your creditors for forgiveness. Failing that, you can beg for a lower interest rate. Either way, you’ll still be confronted with the overarching question of why you wasted 4 years of productive life studying something of negligible or even negative economic value. Jon uses our least favorite word, “consider”, as in “consider refinancing your student loans.”

If something’s worth advocating, then advocate it. Telling people to “consider” something isn’t advice, it’s verbal busywork. This post is 6 paragraphs, 17% of which is pure cut-and-paste. Oh, for the days when we’d host other people’s carnivals, then get lambasted by the carnival operator for saying true if uncomplimentary things about the submissions.

It’s going to take an ocean bigger than the Atlantic to keep us away from the mediocrity. For our British friends, Mark Wang at The Money Mail lists questions you should ask when taking out a mortgage. One of them is “Can I transfer this mortgage to another property?” Really? If you can, we’d like to switch ours to Fairfield Pond in the Hamptons. And then rent it out. (Of course we wouldn’t live there, it’s [checks map] like -2º right now.)

The pain continues. Lisa Park at Secrets2Save noticed that if you start saving money at an early age, that’s better than waiting until a later age. She also uses outdated 2012 numbers for 401(k) matching contribution limits. There’s nothing technically wrong with this post, unless you count “uninspiring” as a subset of wrong.

And Mark Hanna at Debt, Dividends and Diversions finally ruins our streak. Intelligence, originality, engagement…what’s he trying to prove? Mark asks if looking at a day’s or week’s worth of market movements can bode anything for the year. You might be skeptical, but Mark explains that the correlation is stronger than you’d think. That being said, even he admits that you shouldn’t take the implications to incorrect conclusions.

Two more good ones, both CoW veterans of great distinction, and we’ll call it a carnival. Let’s start with Jason at Hull Financial Planning. Be a hard-money lender, or buy rental properties to increase your net worth? Jason opted for the latter, and not just because the wind was blowing a particular way that day. As usual, he gives a litany of logical reasons (coupled with incisive commentary from his wife.) Go to his site and read his archives, he’s almost certainly smarter and more successful than whomever you’re talking to right now.

Finally, Cameron Daniels at DQYDJ.net— HEY! Looks like we’re not the only ones to have spent the Christmas break gussying up our site. Among other enhancements, the DQYDJ team has incorporated a new font, one in which tildes and minus signs look somewhat similar. We were wondering why Cameron was so happy about seemingly saving -38% of his pretax income.

Also like us, the DQYDJ crew understand the folly of new year’s resolutions. This is the part where we casually ignore Cameron’s admission that he’s carrying $34,000 in consumer debt and bought a house while holding $56,000 in student loans and car loans. Includes a comment from Cameron’s co-author, which is kind of like the Beatles playing on each other’s solo albums.

Once again, we came from behind to rally. Check us out on Investopedia and the Stacking Benjamins podcast. And of course, every day here. New posts Wednesday and Friday, some filler the rest of the week. Thanks for playing.

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