April 5, 2008 Link Payday

It’s the working on the weekend edition of the Link Payday! Yes, for the second time in three weeks I’m on call and working the weekend at my daytime job, this time on a ten day stretch, so I’m trying to get both of this weekend’s posts done early. I also have a bunch of paperwork due for my part time job on Monday, so it’s going to be a double decker of a working weekend!

Trent over at The Simple Dollar questions if investing in individual stocks is like gambling. You’ve already seen my take on the issue, but I think reading the original is a great idea.

The Frugal Duchess tells us what she’s willing to give up for financial security. It’s an interesting read, and a more interesting question to ask yourself. What am I willing to give up for financial security? I think I’ve already given up quite a bit, like television, more frequent purchases of computers, and most of my traveling.

Frugal Dad looks at the about to be completed NCAA Men’s Basketball Tourney (aka March Madness) and seeing Davidson reminds us that there are no financial Cinderellas, meaning that even success that appears to come overnight doesn’t come overnight–it comes through discipline, sacrifice, hard work, smart choices, and determination for a long period of time.

Paid Twice tells us how both sides of the financial equation are important, meaning that earning more doesn’t do much for you if you don’t spend less. This is one of the big truisms of personal finance–if you don’t take care of both of these issues, you’ll still be fighting an uphill battle.

And finally, Mrs. Micah discusses how putting a lot of your money into your own company stock, even in a retirement plan, can be disastrous. Think about diversification, but maybe more importantly, think of those Bear Stearns employees who had a substantial amount of their retirement money in company stock and what’s happened to their retirement plans.

And that’s your Link Payday for April 5, 2008!

2 Responses to “April 5, 2008 Link Payday”

  1. Frugal Dadon 05 Apr 2008 at 3:08 pm

    Thanks for including my article – glad you enjoyed it! Too bad Davidson didn’t make the finals, then I may have had to re-title my article!

  2. Frugal Duchesson 06 Apr 2008 at 8:10 am

    Thanks so much for the mention!
    Best Wishes,

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