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Best Posts of the Week

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Here’s a quick round-up of some of the posts that caught my attention over the past week, from the MoneyBlogNetwork and beyond.

Blueprint for Financial Prosperity describes the difference between loan deferment and forebearance. AllFinancialMatters warns us of foreclosure scams. FreeMoneyFinance points out five 401(k) mistakes to avoid.

Mighty Bargain Hunter says coin collecting is useless for preserving wealth. FiveCentNickel wonders about establishing credit with a new taxpayer identification number.

Generation X Finance has 12 mistakes to avoid with your retirement plan. MyMoneyBlog has a review of ING Direct’s “Electric Orange” paperless checking account.

My weekend update: I spent the weekend helping my girlfriend ready her apartment for the holidays. In a few minutes, I’ll be meeting a former co-worker and a business partner of his to help them develop a new website.

Updated December 29, 2010 and originally published December 3, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 2 comments… read them below or add one }

avatar Terry Piatt

Two comments:

1) As I understand it, using a new taxpayer identification number to apply for credit constitutes fraud. DON’T EVEN THINK OF TRYING.

2) I collected coins as a kid (that was so long ago that silver still circulated freely, along with numerous coins of collector value), and I’ve keep up with the hobby over the years. I even (for all my claimed penury) have several hundred dollars’ worth (NOT face value unfortunately) of US silver “junk” coins for bullion value. The rare coin market is highly cyclical as it gets hyped in inflationary times. I believe that there are opportunities for a knowledgable person to enjoy modest returns in this area, but unless you’re already knowledgable about coins, it’s not worth any effort or expense beyond a hobby.

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avatar Luke Landes ♦127,500 (Platinum)

Terry: It’s not fraud if you have your own business with income. Anyone can get taxpayer identification numbers for business purposes. There are legitimate reasons to obtain TINs, otherwise the IRS wouldn’t even offer the service.

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