Father Sez

From and to parents - parental advice to our children on personal financial management and life.
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Archive for the ‘Carnivals’ Category

The Carnival of Personal Finance – 3rd Anniversary Edition

Friday, June 20th, 2008

Picture Credit: Google Images 

The Carnival of Personal Finance has chalked up its 3rd Anniversary. This 3rd Anniversary edition was hosted by Consumerism Commentary, the blog which also has the distinction of having started off the Carnival with the 1st edition being posted on the 20th June 2005! 

I particularly enjoyed the following posts: 

a)    Alex is of the view that we can get rich by helping others, and he has a solid argument to support his case. (He thinks the term “trade” may not convey the same emotional meaning . Read his post and find out if you agree.)  

b)    Jake has reached what he calls the end of the road. Luckily one of his readers has worked out a plan that might get Jake out of the pits. It needs discipline and commitment, but then, when we are at the end of the road, should we not be d and c and try to get out! Jake should also remember that “Rock bottom should be the solid foundation on which to re-build his life.”  

 c)     Dog Ate my Finances is doing some soul searching. It seems that being the one in the family with the biggest paycheck had lulled her senses into spending a little too much. Thus not only missing her debt reduction goals, but getting deeper into debt. I think that if she continues to blog about her finances, the motivation will be strong. 

d)     Dorian gives 9 tips on how to actively manage our careers. I wish I had read this post years ago. I have listed “not managing my career” as one of the biggest mistakes of my life.  

e)    Uncommon Cents gives some great advice. We should look at everything in our life and evaluate whether it is a need or a want, and even if it is a need, we should check if it could be done in more frugal ways. Really sound advice indeed. 

This is the great thing about the Carnival. The articles presented are many and address a great many issues many of us face or might be soon facing. So there should be always something for everyone.  

Go on  and take a look, yourself.   

Round Up for week ending 15th May 08

Thursday, May 15th, 2008

I have taken a short break from blogging this week. Other than the first post for the week on the progress of our family’s goat farm, I have just taken it easy. 

For my round up this week, I’ll just focus on the two Carnivals I participated in.  

First the Carnival of Family Life.

It was ably hosted by Karen at WritefromKaren, a technical writer and a mother of two teenage sons. More than 70 articles were presented at this Carnival.

I particularly enjoyed the following messages.  

Slow Down Fast’s “What can your kids teach you about technology?”  This appears to be the first time/generation in human history where parents have to learn from their kids. I know that my wife and I do.     

BeThisWay asks “Do I have to pay to appreciate them?” Referring to a problem faced by many parents with young school going children - notes from the school asking parents to pay for Teacher’s Appreciation Day or Week or whatever function the school comes up with. I also think this is being carried a little too far, placing subtle pressure on the kids to cajole their parents to contribute cash.  I think all of us parents should just put their foot down and go back to the days of a children prepared card or poem or something along these lines. This would reflect far better appreciation from the children.   

And this card should qualify for one of the best Mother’s Day gifts ever!  

We are reminded that what we, as parents, say to our kids are a very big influence into what our children will become later in life. During the formative years, children’s primary source of information, knowledge and everything that they can learn are their parents. Hence we should pick our words and phrases carefully. Seven common phrases that most parents use and their corresponding alternatives are presented. Check out the post yourself.  

Meanwhile the Carnival of Personal Finance was hosted by Money Under Thirty.   

As usual there were lots and lots of articles presented and MU30 must have had a hard time choosing his Editor Picks. I think he did a great job. 

Posts which I found interesting include:  

Paid Twice, the mom with a Ph.D and a black belt to boot tells us how to fight the bad habit of buying on impulse. By doing so, she has done all of us a great favour. (I suspect, the supermarket chains would probably want her locked away.)    

ShuChong talks about the financial lessons learnt from her mother. Though her mom never talked about money, her running of their household made for great lessons in financial management.  

Feminist Finance writes about her utter shock when she found out that the love of her life had debt levels that almost made her faint. And this was when they were planning to set dates for their marriage and as she says, grow old and doddering together. 

Well, she laid down the law and it worked out well for them.

I think she did the absolutely right thing. Her reaction and the plan of action she took should be mandatory for anyone of us who are in the same boat and contemplating even engagement.  

Pinyo gives an excellent overview of getting ourselves into better financial health. This roadmap will work only after recognizing and accepting that we need to better ourselves. As he says, self awareness is the first and most important first step.  

The Glbl guy offers his suggestions on how to survive a recession. I think this topic is one of the more popular google search phrases and for very good reason. Government statisticians are not rated No:1 in telling it as it is, and it may do all of us a lot of good to bone up and start putting into practice the steps as suggested in this informative post. 

Deepali says that wealth is a state of mind, a concept that I am beginning to understand and appreciate. I quote her here:

“Wealth is not just about my financial assets, but it’s also about my quality of life… and that of those in my global community. It’s also about my state of mind. A man with little means can be wealthy if he believes himself to be - if he’s happy with his lot in life instead of being resentful of those things he doesn’t have.

But wealth is also about opportunity. A man who has cut himself off from growth is not wealthy. But a man who can dream of other possibilities has infinite room to expand and explore. He can enrich his life and the lives of those around him. Wealth is not just in the current, it’s also in the potential.”

Well said, don’t you think!

This is it for the week, folks. Have a great, happy and productive weekend.

Whilst we pray that the birds will sing, the flowers bloom and the sun shine for all of us, let’s take a couple of minutes to reflect upon the suffering of the people of Myanmar and now China due to the devastating recent natural disasters. And where we can, let’s do our part to help! 

The 134th Carnival of Personal Finance – Building on the basics Edition

Wednesday, January 9th, 2008

The indefatigable Mrs. Micah has hosted the 134th Edition of the CoPF, which also has the singular distinction of being the 1st CoPF for 2008. 

I tried but have failed to think of an introduction better than the words Mrs. M has crafted. I have to quote her here.


“There are two basic rules of to get ahead financially:Spend less.Earn more.The rest is details. And the details are very important. We have to figure out how, in our unique financial and life situations, we’re going to spend less and/or earn more. Personal finance blogging is part of that quest to figure it out.                                                                         Unquote 

Quite a bit of these details are given in the posts that make up this CoPF. Some of the posts that immediately grabbed my fancy are :- 

a)    The Clever Dude’s story on rehabilitating our finances. He compares this to his own current experiences rehabilitating from some back problems.  

 b)    Patrick of Cash Money Life puts forth a compelling argument that our greatest asset is actually an intangible. It’s our ability to generate income. Let’s not overlook this.

c)     Almost an entire reference library on the good, the bad and the ugly of credit cards. The contributors being:   

- Funny about Money’s “Are credit cards good for you?”, 

- My Dollar Plan’s no less than 25 reasons to love credit cards, 

 - Debt Free Revolution’s plea for us to know that credit card companies separate us from our money 

- Being Frugal’s dire warning that credit card companies want to eat us alive,  (Incidentally, Being Frugal has just decided to shred, pound, cut up and otherwise mutilate her credit card….check out the complete details with pictures and all.) 

- Finance and Fat’s self reminder on why another credit card is not wanted. 

Me vs Debt has some of the good of CCs, with important caveats. 

The Amateurist Finance Journey tackles another credit card dilemma. 

And two other posts that I think should merit mentions. Brip Blap’s suggestions on how to talk to a teenager about personal finance. As the father of 5 children, this is the type of advise I search for. 

The Honest Dollar has written a nice piece in defense of PF bloggers. To the some of us who read the PF blogs and come away with an opinion that the PF Bloggers have no life, other than counting the pennies and worrying ourselves sick about retirement, this is a must-read. 

At this rate, I might end up repeating Mrs. M. Though there are a number of other posts that I’ll be reading and taking notes from, I’ll stop here for now. 

Please take some time and hop over to the Carnival. The time will be well spent!

The 2nd Carnival of Financial Goals – A walk with Sam Edition

Sunday, January 6th, 2008

5 year old Sam and his Mum, Lynnae at Being Frugal have just hosted the 2nd ever Carnival of Financial Goals. 

Interspersed with pictures of their town and motivational sayings by Sam, (clearly a very wise young man), the Carnival lists a great number of goals various bloggers have resolved to achieve in 2008. 

Examples that I personally considered inspiring and / or educational are listed here. 

The Digerati Life’s business, financial, job and personal goals.  Some of her goals may seem to depend a little on factors outside her control. In which case, Mike of Four Pillars suggests that we should list them more along the lines of a wish. 

Brooke at Dollar Frugal has listed 4 specific goals and intends to review them using Groundhog Day resolutions rules. The rules call for the goals to be reviewed on the 1/1, 2/2, 3/3 etc.  

The lady with the PhD and a black belt in taekwando to boot, is sick and tired of her debts. She has given herself a time horizon of December 09 to eliminate completely all her non mortgage debt and has set herself interim targets to shoot for.    

Patrick has taken the factors outside his control from the equation, as he describes his financial goals and how he intends to achieve them in 2008.  

The Glblguy has listed 10 specific and very focused targets as his goals for his blog for 2008His blog has a mission or should I say, tag line, which I am completely in alignment with. “Dishonest money dwindles away, but he who gathers money little by little makes it grow.” 

Whilst many books tell us about how to set goals and such, it is quite rare to see such a number and variety of real life examples.  

Just for this experience, this Carnival is well worth a visit. 

And our very best wishes to everyone who participated and may all their goals, resolutions and wishes come true in 2008!   

And a special vote of thanks to Sam who stood in for his Mum most admirably.

The 133rd Carnival of Personal Finance – The Last of 2007 Edition

Tuesday, January 1st, 2008

2007 ended with a grand PF do hosted by Were in Debt 

There was so much to read and so much to learn. So much to be inspired by. The posts that I particularly enjoyed reading are listed here.

The Montana innkeeper talking about fueling the fire of passion. To do what we love, to have the courage to make a life which is no less important than making a living.  

Free from Broke did a double take, when his little girl asked him for a credit card. And the little girl was just 7!!! And guess what? She wanted the card because she could buy everything with it!! 

Good reminder to all of us with children….Let’s start teaching our children about finance, including credit cards at an early stage.  

Madison shocks us all by disclosing the number of accounts she has. But she manages the 181 of them without too much of a bother since she has a system set up.  

Lynnae of Being Frugal gives sound advise on how to get an emergency fund going even if money is tight. Her words remind me of a common proverb in our country. “Little by little a mountain is formed”.  

Mr. and Mrs. Credit Card have set 2 major financial goals for 2008. They have no credit card debt, so their namesakes don’t feature in the 2008 goals.   

The Honest Dollar gives his views in how 2008 is likely to be for stock market investors and warns us to watch out for the 3 major mistakes. 

Moolanomy’s Pinyo wrote a guest post in MMND on how to retire on less. Ah! Finally an answer to the ultimate problem many of us may have.  

These are just my personal preferences. There are lots and lots others, covering Credit Cards, Your Accounts, Fresh Ideas, Goals for 2008, Investing and Others. 

It should be worth your while to check this Carnival out. 

Though he acknowledges as being in debt, the King of Debt has spared no effort to make this Carnival a grand and fitting end to 2007.  

I think a round of applause and a bow is in order.

Thank you, King!

The 132nd Carnival of Personal Finance – Whimsical Christmas Edition

Wednesday, December 26th, 2007

Whilst the general public are celebrating or getting ready to celebrate, Ms. SVB of The Digerati Life has worked hard to put up the Carnival of Personal Finance – Whimsical Christmas Edition.  

Some of the entries which caught my fancy are:  

Brip Blap makes an excellent point on getting our focus correct, i.e. on seeking to earn more than we spend rather than a focus on spending less than we earn. They are the same, but the focus is different. 

You know, something like the woman saying, “Woman, without her, man is nothing.” And the man saying, “Woman, without her man is nothing.” 

But I guess I have let Steve down somewhat. I have used the excuse of wanting to earn more, and have so far only ended up spending more.  

Ms. Ana of Debt Free Revolution has a major aversion to debt and credit cards and is not thrilled with her father in law saying that we supposedly NEED credit to function in today’s American society.  She is quite pleased with the way her financial future is headed…and that future does not really include credit! 

Let’s hope that Ana does not run into Ms. Madison of My Dollar Plan during this festive season. Madison has a completely opposite view. For Madison of My Dollar Plan has a $1,020,270 credit limit on her 89 cards and has an action plan to apply for new cards and an additional credit limit if $42,100.

I agree with the Investors Journal that we should have our own rules to invest by. Rules that can properly reflect our investment philosophies and strategies. He also has some guides on how to set up these rules.

Dividends 4 Life has a very practical and a very workable approach for income. Seek dividend paying stocks and invest in them. He has previously written about his strict rules for the stocks to remain in his portfolio.

In this Carnival he talks about Dynamic Dividend Investing. The title of the post may seem a little rocket scientist-ish….but the suggested investment strategy appears to be quite straight forward. Worth our while to look it up.

There are a lot more articles presented at the Carnival. Check it out.

And a big hand of applause to Ms. SVB for this excellent job in hosting.   

My first outing to the Carnival of Family Life

Tuesday, December 25th, 2007

My article on the 5 stages of a child’s life was featured in my first participation in the Carnival of Family Life – Christmas Edition hosted by JHS in Colloquium. (Amongst other things the name means “an informal meeting for the exchange of views”.)  

It took me a while to go through the articles I liked, getting sidetracked by interesting links along the way. You know what I mean. 

I particularly enjoyed:- 

Money Making Mamas’ take on giving the gift that will give back to you. She has chronicled the life story of her grandfather, spending time and energy typing out his story as he talked about his life. Not only did she learn so much more about her granddad, but has also made sure that her children and grandchildren will not lose out on this priceless resource of a generational story. She urges us to think about doing this for the seniors in our families.  

David B. Bohl of Slow Down Fast’s story of Luck: Helping each other and paying it forward. He has highlighted a great saying of an ancient Greek, “If we always helped each other, no one will need luck.”   

Edith Yeung of Dream Think Act asking us “Would you do what you are planning to do today, should today be the last day of your life?”.  Questions like this really make us think deep about the issues that form our central core.  

One of The Digerati Life’s guest writers, Mikael, wrote about the 3 great money lessons he learnt from his old man. Mikael has clearly thought deeply about the 3 lessons as he also provides us the extrapolations that make the lessons so relevant to his and our current lives. 

True to its title, the Carnival also features some stories on family humor.

You just have to read Mommin It Up’s Dirty Phonics on the Bathroom Wall. 

These are but, just some of the great articles available. Pop over and have a look for yourself.  

Thank you, JHS for the warm welcome you have given me. 

My best wishes for a Merry Christmas and a very Happy New Year to you, your family, your readers and all your friends.  

Carnival of Personal Finance – the second last one for the year

Tuesday, December 18th, 2007

JD at get Rich Slowly has just hosted the 131st Carnival of Personal Finance. 131st Carnival of Personal Finance.

It must have been really tough to pick out the articles for his choice of Editor Picks. There were 89 articles listed, after some were left out for not meeting JD’s participation qualifications.

His choices for the best are :-

a)                Reading (and Understanding) the “Fine Print”

An inside look, (by sshhh…an insider, no less), on how the banks may hoodwink us by giving us pages and pages of fine print to sign, knowing jolly well, that only about 10% will read and only 5% will understand.

b)                Introducing the Smiths…  

A very practical look at how we may judge others and how others may judge us with incomplete or wrong information.And, of course, arrive at wrong conclusions.

c)                 Five Golden rules for snowflaking 

A great guide on putting little sums of money earned or saved directly into paying off debt, before they “melt” off like a snowflake.As we say in our country, “little by little for long enough, it becomes a mountain.”

d)                Shooting Down Goals

The Four Pillars offers his opinion that a goal needs an outcome that must be controllable by the goal setter. Otherwise it becomes a wish and that we should not lose sleep when we don’t achieve such a wish.This is an interesting twist that should make us think much harder on how we word our goals.

e)                The Silicon Valley Blogger lays out her cards on her plans for retiring early.

This was just a seed of a thought for her until an office tragedy changed everything.This post is one of my personal favorites as the subject matter is something so close to my heart.

f)                  4 basic steps to jump start your financial future.

The MoneyBlueBook gives this account of a dinner conversation with a good friend which ended up with him giving his friend these 4 steps.

g)                Overspending for your kids 

Posts with titles like this draw my attention like honey draws bees. With 5 kids of my own, you can understand why. Flexo of CC lists an example of a family with a children spending plan much like carrying water up a long flight of stairs using a pail with 20 holes in it.       

h)                My Family mission statement’s statement on money

This is a post by “ahem, ahem, you know who.”. I am happy to say that JD thought it fit to list this amongst his picks. Why don’t you check it out?

These 8 stories are by no means all that are presented at this Carnival. There are another 81. JD has also cleverly thought of a way for us to rest our eyes and have a good laugh, guffaw or giggle or two when going through the articles. He has picked 6 classic cartoons for our light entertainment. Looks like the only thing he missed was handing out some snacks.

Have a great time at the Carnival.

Happy Holidays!

The 130th Carnival of Personal Finance

Monday, December 10th, 2007

It is almost the end of the year, and time to reflect on our financial moves of the past and for 2008. Looking for ideas?Have you thought about saving money when you buy computers or computer games?  Peter from Plan Your Escape may have some delayed gratification ideas for you in his money saving tip. 

Or perhaps you are looking for some useful online tools and self assessments to help you tackle your debt problem, then Millionaire Mommy Next Door’s Debt Reduction Calculators, Planners and Resources may be just the article for you.

Maybe you have been looking to publish your latest book. Pat Doyle’s Publish an Ebook in Amazon’s Kindle Book Store, may just be what you are looking for.

Whether it is the above, or whether you want to find out if you are a credit card junkie or learn how to manage your cash when traveling or just looking to increase your income, then the 130th Carnival of Personal Finance may be just what you are looking for.

Why don’t you check out this Carnival, which has just opened at Money $mart Life.

There is something for everybody, the parents, the husbands, the seekers of dividends and even “personal finance doctors”.  

Inaugral Carnival of Financial Goals

Wednesday, December 5th, 2007

It’s that time when many of us reflect on the year that is now coming to an end and start planning for the year that is awaiting us. 

Thus, it is most timely that Patrick at Cash Money Life, has today, hosted the inaugural Carnival of Financial Goals. 

The rich pickings of 55 goals, which have been filtered for Patrick’s SMART Goal qualifications, have been listed under headings that should guide those of us with specific financial interests for 2008.  

Alternative / Passive Income, Budgeting, Career, Debt Reduction, Education, Income, Investing, Multiple Financial Goals, Net Worth, Real Estate, Retirement, Savings and even Tips on Goal Setting. 

Goals are issues that people draw up after much thought and internal deliberation. The listing of so many such thought out and deliberated upon goals in one place for us to read and learn from is an opportunity that cannot be taken lightly.  

Thanks, Patrick for this idea, trouble and effort you have taken upon yourself to host this Carnival.  

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