What would you do if the stock market crashed tomorrow?
While you’re contemplating that, here are some more articles from Thanksgiving week to keep you reading about personal finance.
How Do You Calculate Compound Growth (or Interest)? AllFinancialMatters loves tackling these mathematical questions. Here he answers with an Excel function and the underlying formulas.
Personal Finance Sites From Around the World. J.D. from Get Rich Slowly put together a compendium of online financial resources for those living outside the United States. So much of what I write about is focused on the U.S. because I try to write from a personal perspective — and I live in the United States. But there is a whole world out there…
History of the Indices, Dow, Nasdaq, S&P and More. Blueprint for Financial Prosperity explains the origins and importance of the tools we use to track the stock market.
MBAs Still Make Sense Today (If Done for the Right Reasons and in the Right Way). In response to Penelope Trunk’s article on the demise of the MBA degree, Free Money Finance disagrees with some points and agrees with others. I think it’s important to remember that “worthwhile” for any one person is not a universal opinion.
Ways to Increase Your Income. The Digerati Life understands that earning more money is an important part of the personal finance equation. Here she presents a number of suggestions for making extra bucks.
In Defense of Budgets. In I’ve Paid for This Twice Already, the author response to my recent dig at budgeting. The only problem I have with budgeting is that it’s possible to take it far too seriously, and many do. It becomes an unenjoyable task, but it doesn’t have to be. I find that focusing on the negative and creating arbitrary limitations is unhealthy for the soul.
If budgeting is designed to be flexible, then I recognize its value. If you punish yourself for spending $125 on entertainment or food in a month you’ve only budgeted $100, then you need to stop taking life so seriously. If that $25 means the difference between surviving and not, then you have larger issues to concern yourself than budgeting. Spending $5,000 on entertainment when you should only spend $100 is not an issue budgeting can cure, either.
So… market crashes (hypothetically). What next?
Updated June 20, 2014 and originally published November 26, 2007.