Friday Finance Followers – Finding Your Focus Edition

thought

Wow, it is Friday already and I missed a post this week. I told myself I wasn’t going to let that happen, but it did. Sometimes we think we know what our focus is, and then it changes. I am a huge believer in making your own destiny. I also I think making that destiny requires you to put in the extra hours and practice extreme dedication to making that dream/destiny happen. Success is a direct result of the amount of effort you put into understanding the problem and executing your solution. 100% is enough to get by but not a enough to be successful. Oddly enough that is why I missed a post on this blog this week. I do this blog for fun, and a bit o cash but it isn’t a business. I was doing some work and realized an opportunity to live my passion and I am working on building on that and executing it. So while my focus has shifted, it isn’t gone from this blog and to that extent here is this weeks posts.

@moneywisemoms had a great article about retirement savings for stay at home moms. It isn’t something I have though much about considering I am neither a mom nor do I stay at home. It is certainly important though. She gets extra credit too for submitting her article before I asked.

@MyLifeROI asks if bonuses are really effective motivators. He almost lost me with the opening statement, but only because it is late and my brain isn’t firing on all cylinders. This was a pretty eye opening look at a study conducted on how bonuses can affect performance without actually increasing quality.

@FiscalFizzle talks about the 3 rules of personal finance. I know what my three would be, spend less than you earn, save now, live now. Probably not what most people would go with but you can’t forget to live now, life is to short to spend you years dreaming of more and living with less. I definitely agree that balance is important. Great video too , he is a lot better with lighting than I am.

@ClariFinancial talks about buying more life insurance in a down economy. I am no life insurance expert but this article certainly makes sense. I agree with his assessment of “rule of thumb” type analysis. The answer to every question, on anything is “It Depends”. Everything is dependent on other factors, so the answers can’t always be cookie cutter.

@SunFinancial covers how to open an IRA. Great article on how to open an IRA and why you should. IRA’s can be great vehicles for people to save for retirement, if you meet the income limits. If you have been thinking about it stop by and check out this article.

Carnivals

Festival of Frugality was hosted at Simply Forties and included my guest post If the Price is Right Buy Generic

Money Hacks Carnival had a great theme at Rabbit Funds and had my article on keeping up with the joneses.

P.S. I haven’t forgotten to draw for my Amazon Gift Card Contest, I just haven’t had time, I will do it this weekend… I PROMISE

{ 4 comments… read them below or add one }

1 Kevin@OutOfYourRut February 19, 2010 at 8:14 am

A thumbs up for Fiscal Fizzle with 3 Rules of Personal Finance. He puts it in an excellent perspective.

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2 Aaron @ Clarifinancial February 19, 2010 at 8:24 am

Thanks for pointing these out Kyle, I’ve been meaning to check some of these out, but work keeps calling me back. I guess it’s good there’s so much solid content being produced these days. Money Wise Moms and Fiscal Fizzle may be weekend reading for me!

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3 Wojciech Kulicki February 19, 2010 at 12:04 pm

Thanks Kyle! (I keep my taping to lunch hours and weekends so I can get daylight lol).

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4 Gina February 19, 2010 at 1:06 pm

Ha! I submitted it before you asked because I knew I’d be offline the rest of the week (except for right now, of course). Thanks for the link 🙂

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