Friday, December 30, 2011

Friday Links

Andrea at So Over Debt asked if we're defined by our mistakes, and she makes the case that those in poverty are not easily able to escape from poverty* and that assuming the poor should just choose to not be poor anymore is kind of asinine.

MSN Money listed four good and four bad money resolutions for the new year.  Interestingly, none of the good money resolutions was to pay off the Mayan gods who are planning planetary destruction as we speak.

Gizmodo had a terrific post about how the hashtag is ruining the English language

Moneycrashers posed ways in which you can create free exercise programs for yourself.  None of these involved having a Twinkie dangling from a string just out of your reach.

In a several-year-old piece, a writer for Slate described how running a coffee shop is a money pit.  It remains unfortunate that the things that we think we might most enjoy doing tend to be the worst financial decisions we could make.

Forbes magazine shared eleven life-changing tax decisions.  For me, at least, the money saved by moving from California (a state with state income tax) to Nevada (a state without state income tax) would almost certainly end up in the the coffers of the Bellagio, so it's kind of a wash.

In a guest post for Get Rich Slowly, the author describes how losing 25 pounds is a sound financial decision.  What he neglects to mention is that before his diet, the writer mostly ate gold coins.

*I would like to see the movie "Escape from Poverty" starring an eye-patch wearing Kurt Russell.  Or even Keri Russell.


Anonymous said...

With p2p lending even the best rated borrowers could skip town. We witnessed this a few years back. Everything I made was wiped out plus some. I was very conservative and only invested in aa and a rated borrowers. I can only imagine the losses of those who took more aggressive risks. If you're not okay with potentially losing all the money you invest, don't invest.

Bryan said...

I definitely agree. Of the P2P notes that I have, the only one that is currently late on payment is from a guy who is supposed to have the best credit rating. Still, I think Lending Club does a good job of only accepting the best applicants. I guess I'll see what I think in a year, when all my debtees have skipped town. :-)