For many Americans with typical jobs, this is a long holiday weekend. I could use the break from my day job, which is becoming increasingly stressful with many co-workers out of the office at various times this summer. Frankly, I’d rather be spending the time working on my own projects. As readers know, I’ve been very conservative about my decision about leaving a full-time corporate day job to strike out on my own.
How will you be spending the weekend? If you are looking for reading material I have a few suggestions aside from the articles at Consumerism Commentary.
Priceline Users Be Careful: Name the Wrong Price and You May Go To Jail. Not real jail, but Priceline will temporarily suspend your ability to bid if they determine you are trying to game the system. Unfortunately, as Len Penzo discovered, you could easily get trapped without acting nefariously.
The Billionaire Secret: Avoid Ordinary Income, Acquire Capital Gains. Jim from Bargaineering has discovered that income from investing is better than ordinary income. Here’s why: as of now, taxes on gains from investments are much lower than taxes on ordinary income. Also, ordinary income usually requires people to trade time and effort, and that can certainly get tedious if you’re not doing something you love. (See my comment in the first paragraph above.)
Here are two more:
Don’t forget I am now writing a column for US News and World Report’s usnews.com. Yesterday, I increased my contribution there to two articles a week. Here are the highlights so far.
- How to Double Your Retirement Nest Egg
- Pay Off Mortgage Faster — Or Invest
- How to Manage and Unpredictable Income
- 10 Simple Steps to Freedom From Credit Cards
- When to Go Generic — and When to Pay More
- 10 Unusual Ways to Save Money