The Third Edition of the 30s and 40s personal finances carnival - wealth accumulation - February 21, 2007

Welcome to the February 21, 2007 edition of 30s and 40s personal finances - wealth accumulation.

I continue to owe an appology to those that e-mailed me carnvial contributions directly. I've had quite a challenge incorporating blog contributions not stored on-line.

I believe the solution is to store the contributions receive by e-mail as draft posting (which I don't need to carry on the road) and to add the new contributions from blog carnival.

That said, I hope to post the original contributors who were not posted on the next edition (4th edition).

-makingourway

Budgeting

Erek Ostrowski presents Getting Out Of Debt (Part 2) posted at Verve Coaching.

David presents Get Out of Debt Now! posted at Worldwide Success, saying, "In this article we will explore ways to deal with debt and offer suggestions on how to eliminate or at least reduce your debt load."

Steve Leung presents Real Estate Myths Home Buyers Fall in Love With posted at 1SiliconValley.com, saying, "By challenging the reasoning behind some widely-held notions and remembering that your personal requirements are the key real estate decision process, you can gain more confidence in any decision you choose to make."

Sagar Satapathy presents Moolah Logic For Kids posted at Debt Consolidation LowdownThoughts on helping children develop good money habbits.

Career Growth

Steve Faber presents 5 Important Ways to Protect Yourself Against Job Loss posted at DebtBlog.

Walt presents Loud Actions and Quiet Words posted at Walt Nation!.

Elderly Parents

Super Saver presents Assisted Living - Pros and Cons posted at My Wealth Builder, saying, "Recently, I, along with many of my colleagues, have been experiencing the challenges of aging parents. In our discussions, we have concluded that our parents may have been better off, and likely in better health now, if assisted living was an option they would have considered."

Employee Benefits

TBH presents Companies want to retain parents in the workforce posted at tiredbuthappy.

Estate Planning

Calder presents Tidy up your estate now, for your family's sake posted at The loneliness of the home trader, saying, "Hi my first submission of blog to your carnival. I know you specifically asked for tax-related items, so you're welcome to omit this if you feel it's inappropriate.

As we begin a family and our children grow, our thoughts turn to providing for them if anything ever happens to us. But a will isn't the only thing we should prepare. We need to ensure that someone knows where the various investments are. Thanks Calder"

Sam presents A Living Trust Preserves Wealth for Your Family. posted at Surfer Sam and Friends, saying, "A Living Trust Preserves Wealth for Your Family, But Not Everyone Needs It. Planning Can Avoid Probate. Sometimes we avoid estate planning, because we hope to live forever. But you may want to hedge your bet against the actuarial tables with some financial strategies for estate planning. A Living Trust will help preserve your hard-earned money for your family."

Family

Rebecca Newburn presents Asking ?Why?? Can Change Your Life and Transform Your Class posted at Information Age Education, saying, "Learn how to ask afforemations to change your life and your finances. It's fun and easy."

Frugal Duchess presents Is it Wrong to Pay Kids for Chores? posted at Sharon, saying, "To get our kids to do more around the house, my husband & I often link chores to allowances. But are we just bribing our kids to help clean up? In fact, a chores-for-allowance system is a bad move & I could be pushing my kids towards "financial illiteracy," according to The Financially Intelligent Parent, a book written by Eileen & Jon Gallo."

Investing

FMF presents Four Ways to Double Your Money in Five Years posted at Free Money Finance, saying, "Depending on how you look at it, you may be able to double your money in five years."

Jimmy Atkinson presents A Banking Revolution: The Top People-to-People Microlenders Reviewed posted at Ask the AdvisorA review of various people to people lending options for both investment gain and charitable fulfillment.

makingourway presents collectibles as an asset class posted at makingourway, saying, "posting discusses alternative asset classes beyond traditional investments."

Larry Russell presents Your financial planning and investing strategies should have a scientific basis posted at THE SKILLED INVESTOR Blog, saying, "Individuals are much better off with a well-considered financial viewpoint. A stable set of financial beliefs can help you to keep focused and on track throughout your life. This article discusses the need for these beliefs to be based upon financial practices that have been established scientifically."

Retirement Planning

Jake Danger presents Talking Back to Mr. Money: The Value of a Passive Income posted at Lunatic Wisdom - Life Beyond the Matrix.

Saving

Bryan C. Fleming presents How to Open Your Online Savings Account posted at Bryan C. Fleming.

Sam Chan presents Value of Money posted at Acquire Wisdom and Live With PassionAphorismic thoughts on the value of money.

Taxes

Silicon Valley Blogger presents Tax Tips For The Working Stiff posted at The Digerati Life.

Allison presents Money Mondays: Should You Hire a Tax Pro? posted at Queercents, saying, "Allison at Queercents begins a series called Money Mondays–your 2006 tax season guide. In ten weekly articles, she will help readers navigate the intricate tax world with topics ranging from hiring a tax professional to planning for retirement. The articles aim to provide guidance with clear and concise information. The tips and hints should make life less stressful this tax season."

Nina Smith presents Tax Refunds and Other Lump Sums Part II posted at Queercents, saying, "What to do with your tax refund and other financial windfalls..."

Frugal Duchess presents The Frugal Duchess: 10 Tips for Hiring A Tax Expert posted at Sharon, saying, "I'm waving the yellow flag. Other people may be good at DIY tax preparation, but that's not my area of strength. I'm going to "outsource" that job. Flexo at www.consumerismcommentary.com wrote a great piece about 10
Examples of How You can be Penny Wise and Pound Foolish and in that piece, he mentioned the value of a hiring a CPA or tax specialist. And I'm moving in that direction.

Therefore, the following 10 Tips for Selecting a Tax Specialist (from a member of an an accounting industry trade group) caught my attention:

I'm waving the yellow flag. Other people may be good at DIY tax preparation, but that's not my area of strength. I'm going to "outsource" that job. Flexo at www.consumerismcommentary.com wrote a great piece about 10
Examples of How You can be Penny Wise and Pound Foolish and in that piece, he mentioned the value of a hiring a CPA or tax specialist. And I'm moving in that direction.

Therefore, the following 10 Tips for Selecting a Tax Specialist (from a member of an an accounting industry trade group) caught my attention."

Mr Credit Card presents Leaving Taxes to My Accountant posted at Ask Mr Credit Card's Blog.

That concludes this edition. Submit your blog article to the next edition of
30s and 40s personal finances - wealth a
using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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