Posted By damien on August 24th, 2009

http://www.bitesizeidea.com/bsi/are-you-cheap-or-frugal-yes-theres-a-difference

One more bite-size idea from Ramit Sethi, in one of my top personal finance books, I Will Teach You To Be Rich: Think of the word frugal.  What comes to mind? For me, I think of a scrooge, penny-pincher who hates to spend money.  A person who is a real pain to deal with when [...]

Posted By damien on August 20th, 2009

http://www.bitesizeidea.com/bsi/dollar-cost-averaging-fancy-name-simple-investment-strategy

It’s time for another round of investment advice from uncle Ramit at I Will Teach You To Be Rich.  This investment approach, dollar-cost averaging, is one of those simple strategies with a fancy name.  In fact, if you are making regular contributions to a retirement account (401k or IRA) you are dollar-cost averaging. Well then, [...]

Posted By damien on August 13th, 2009

http://www.bitesizeidea.com/bsi/personal-finance-101-you-need-to-read-these-3-books

With the summer drawing to a close, regretfully I will have to read more textbooks (senior year of college!) and fewer personal finance ones. In order to remember the ones I read that were worth the time, I compiled this list. Personal finance boils down to a few tried-and-true principles, so many say the same [...]

Posted By damien on August 10th, 2009

http://www.bitesizeidea.com/bsi/the-millionaire-minute-how-the-wealthy-make-purchases

Robert G Allen’s Multiple Streams of Income is a how-to guide for setting up sources of income in addition to a traditional full-time job.  In his intro, he discusses some of the habits of the wealthy.  One of the habits he lists, which I had never heard of before, he calls the millionaire minute: Prosperous [...]

Posted By damien on August 6th, 2009

http://www.bitesizeidea.com/bsi/shorts-strong-weaknesses-and-tapping-your-creativity

Here are a few bite size ideas from No More Mondays.  They aren’t long enough to deserve their own posts, but are worth mentioning.  The first is about the importance to focus on your strengths, not your weaknesses.  The second is a case study of how a very creative person would tap into his creativity: [...]

Posted By damien on August 3rd, 2009

http://www.bitesizeidea.com/bsi/risk-defined-employees-versus-entrepreneurs

Just finished Dan Miller’s No More Mondays, his follow-up to 48 Days to the Work You Love, which I wrote about here.  No More Mondays is similar to his previous book, in that his goal is to help you find the work you love, but this guide focuses more on starting your own business.  I [...]

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