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As featured in The Wall Street Journal, Money Magazine, and more!

July 2008

Check Out the Latest Carnival of Personal Finance

by Luke Landes

If you didn’t have enough Independence Day celebration and you’re looking for more, visit Mighty Bargain Hunter for the latest edition of the Carnival of Personal Finance. The Carnival of Personal Finance (or just “Carnival”) is a weekly selection of many of the best articles written about the topic and published recently online by bloggers. ... Continue reading this article…

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The Correct Way to Pay Off Personal Debt: The Debt Avalanche

by Luke Landes
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When it comes to mathematics, certain facts are universally agreed-upon. For example, regardless of your culture or educational system, you must agree that one plus one equals two unless you mistakenly fall for an invalid proof. When dealing with money, why are people inclined to believe that one plus one does not equal two? If ... Continue reading this article…

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Get Cash Rebates for Buying Gas With Credit Cards

by Luke Landes

Editor’s Note: Thank you for your interest, these offers expired and are no longer available. Every week, cash back credit card deals are decreasing. If this is the case for your card, it might be time to seek out another deal. Here are a few suggestions designed to maximize your cash back based on your ... Continue reading this article…

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Personal Income Statement, June 2008 (Net Income: $4,364)

by Luke Landes

In June I managed to save over $4,000 of my income for myself after all expenses were paid. That doesn’t mean that my net worth grew during June, however, as I explained earlier today. While I was able to add to my savings and investments, poor performance in the stock market caused my accounts to ... Continue reading this article…

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Personal Balance Sheet, June 2008 ($155,596, -1.5%)

by Luke Landes

Last month, I shared my belief that I would not make my net worth goal for the year, and June has been a step backwards. I ended the month with a modified net worth of $155,596, over $2,000 down from the end of May. For any readers new to Consumerism Commentary, I post financial updates ... Continue reading this article…

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The Problems Investors Should Have With the Wisdom of Crowds

by Luke Landes

Which rule applies to investing: the wisdom of crowds or herd mentality? According to James Surowiecki, author of The Wisdom of Crowds, all you need in order to make good decisions — good investing decisions being a subset of all good decisions — is a diverse, independent, decentralized, and aggregated crowd to follow. Let the ... Continue reading this article…

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