Yakezie Carnival – Tour de France Financial Factoids – June 26th, 2011 Edition

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Welcome everyone to the June 26th, 2011 edition of the Yakezie Carnival!

For those of you unfamiliar with the Yakezie Personal Finance Blog Network, it is the web’s largest, most involved, and most organized group of personal finance and lifestyle bloggers. Participants in the network collaborate multiple times throughout each day on the Yakezie forums and through other mediums. You can view all of the details at the “About Yakezie” page by clicking here.

Each week, the members and challengers of the Yakezie Network submit their best articles to be featured in the Yakezie Carnival. And, today, it is My Personal Finance Journey’s honor to be the host!

The theme for today’s carnival is random Tour de France (the biggest cycling race in the world) financial facts. With this carnival being only 4 days away from the start of July and the Tour de France cycling race, I figured this would be a fitting theme!

In addition, it fits in nicely with the spirit of my site starting the Tour de Personal Finance this year. Each July from 2011 onward, I’ll be running/hosting the Tour de Personal Finance (sort of a Tour de France for PF blogging competition) on MyPersonalFinanceJourney.com. You can view all of the details and guidelines at the announcement below.

If you are a personal finance blogger and are interested in participating, entering is very easy! Just send the following information in an email to Jacob@mypersonalfinancejourney.com to enter by July 1st, 2011.

  • Name and URL of blog.
  • URL and title of your best article from last 12 months.
  • A concise 2-5 sentence description of the post (this will be posted on each stage’s announcement, so really SELL why post should win!).
  • The month and year in which you started blogging (will be used to determine White Jersey winner).

OK, enough with the introduction! I’m getting carried away. Let’s get to this week’s Yakezie Carnival articles.

The best thing about hosting a Yakezie Carnival is that the posts are all top notch, and not from spam sites talking about online dating of Ukranian brides! (haha – I’m not even joking. I have received carnival submissions like that in the past).

Top 3 Editor’s Picks

1. Frugal Confessions brings us We Were Scammed on Craigslist: How to Protect Yourself from Fraud, saying, “After snagging an interested buyer, Mary Hudson, for our $500 item we listed on Craigslist, we became increasingly alarmed at the strange requests and secondhand-English email correspondence. See how this scam played itself out.”

It really ticks me off how sophisticated of schemes the scam artists are coming up with these days. Just take a look at the one Amanda shares in this article!

When I got screwed over by a fake eBay supplier, the payment was also requested to be issued via Western Union. Maybe Western Union should change it’s slogan to, “Preferred by fraud artists worldwide!”

2. KNS Financial brings us Need To See A Doctor? Go Rob A Bank!, saying, “James Richard Verone robbed a bank in order to get medical care. Find out the details behind this strange story, and then weigh-in with your opinion!”

In this article, a man goes to some extreme measures to get medical care! Or, were they extreme…..

3. The Amateur Financier brings us What I Want to Pass on to My Children.

Passing along your life lessons to your children is what every parents wants. Personally, I think the biggest gift that my parents passed on to me is the gift of wanting – wanting to succeed, wanting to do my best, and wanting to learn more. What do you hope to pass on to your children?

And, listed below are the rest of this week’s submissions!

Sustainable Personal Finance brings us Using a Midwife: A Personal Choice, saying “The financial, green, safety, and comfort reasons for using a midwife for childbirth.”

 

One Cent at a Time brings us What Credit Sesame Is All About And Why Should You Opt Out, saying, “This is my first review of a product on my blog. I used, researched, and then wrote the review of the Credit Sesame tool. I described the pointer as to why this is not up to my expectations.”
 
KrantCents bring us Pay As You Drive Insurance, saying, “Would you allow an insurance company to monitor your driving for a lower premium?”
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Tour de France Financial Factoid # 1 (brought to us by Wikipedia.org)

The Tour de France makes a good deal of money off of advertising. Advertisers pay the Tour de France approximately €150,000 to place three vehicles in the caravan. There are normally around 250 vehicles each year in the caravan. Their order on the road is established by contract, with the leading vehicles belonging to the largest sponsors.

 

The procession sets off two hours before the start and then regroups to precede the riders by an hour and a half. It spreads 20–25 km and takes 40 minutes to pass at between 20 and 60 km/h.

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MyJourneyToMillions bring us How Much Interest Do You Pay Monthly?, saying, “ I can’t believe it has been 19 months since I last determined how much interest I pay to financing companies!  I remember how I felt when I wrote that post, while I understood how amortization loans worked and that financing costs were inevitable, it wasn’t until I did the actual calculations that I found how much was going to interest. In November of 2009 I was paying approximately $1,498 in interest per month and that was out of a little over $1,900 in monthly debt servicing payments.”
 
InvestorJunkie brings us What I’m Investing In, saying, “I’ve decided at this point in time, investing in my business is the best investment that will yield the highest returns.”
 
MoneyCone brings us Unconventional Income from Uncommon Stocks – MLPs, saying, “For a little bit of paperwork during tax time, MLPs provide relatively stable, tax-deferred income most suitable for taxable accounts. You not only get to enjoy regular payments, but get to bring down your cost basis with each distribution. And, since the General Partner’s compensation is tied to the Limited Partner’s distributions, this serves as an incentive to maximize and grow distributions.”

 

Financial Excellence brings us Your Profit & Loss Statement Doesn’t Mean Much, saying, “When you look at your business financials, how do you know if you’re making a profit? Many small business owners use their profit & loss statements (P&L) as the only way to tell if they’re winning. It’s a natural thing to do. After all, the name of the report has profits in it, right? Well, the P&L report is an important tool for your business, but it’s not the only tool. In fact, if you’re only looking at your P&L statements, you may not be doing as well as you think.” 
 

Outlaw Finance brings us The Difference Between a Roth IRA and Traditional IRA, saying, “This article looks at the Roth and the traditional IRA individually and then compares the two. ”

Deliver Away Debt brings us Best Get Out of Debt Books, saying, “Ten of the best advice books for getting out of debt.”
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Tour de France Financial Factoid # 2 (brought to us by Wikipedia.org)
Prizes and bonuses are awarded for daily placings and final placings at the end of the race. In 2009, the winner received €450,000, while each of the 21 stage winners won €8,000 (€10,000 for the team time-trial stage). The winners of the green and polka-dot jersey competitions each win €25,000, the white jersey competition and the combativity prize €20,000, and €50,000 for the winner of the overall team standings (calculated by adding the cumulative times of the best three riders in each team).
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Squirrelers brings us Memorable Examples of Witnessing Generosity.

 
Financial Success for Young Adults brings us How Can a College Student Invest?
Control Your Cash brings us 15 Years To Freedom.
Suba @ Wealth Informatics brings us Free Things to do in Las Vegas.

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Tour de France Financial Factoid # 3 (brought to us by CelebrityNetWorth.com)
According to the website, CelebrityNetWorth, 7-time (in a row no less) Tour de France winner Lance Armstrong’s net worth is estimated to be $125 million.
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PT Money brings us Roth IRA Rules, saying, “This article discusses the Roth IRA, the advantages and disadvantages, rules for contributing, and why people should consider utilizing them.”

 

The Ultimate Juggle 

brings us Happy Hour Isn’t for Drinks, saying, “Happy hour is known for its price break on drinks, but it’s also a great way to save money on food – especially if you have to eat out early anyways with a toddler!”

Kevin @ InvestItWisely brings us Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, saying, “Is it possible to become a millionaire, on a teacher’s salary? Teacher and author Andrew Hallam seems to think so, and he shares his lessons in his upcoming book ‘Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School’.” 
 
Miss T brings us How Yoga Helped Me Reach My Goals and Be a Better Person, saying, “I have been doing yoga consistently for the last year and it has helped me tremendously. Here is what I’ve found”
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Tour de France Financial Factoid # 4 (brought to us by Wall Street Journal – Cyclist Salaries)
 
Salaries for professional cyclists are much lower than salaries for other professional athletes. The top riders in the world are currently only making $2-5 million per year. However, most professionals only make $40-$50 thousand per year.
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Family Money Values brings us What Responsibility Does the Family of a Homeless Person Bear?, saying, “Max Melitzer just inherited a chunk of money from his brother.  Max has been homeless for years.  You have to wonder why Max’s family didn’t intervene in his homeless condition.  What responsibility does a family bear for a homeless member?”

 

Free From Broke brings us Investing VS Speculating: The Difference Between Building Wealth and Gambling, saying, “Some think investing and speculating are the same, but they are really a world apart.  See why in this article.”

Super Frugalette brings us How the Target Debit Card found a home in my wallet?, saying, “I review the benefits of having a Target Debit Card. I believe it will save me $30 a year so ultimately, decided to get one.”

Money Reasons brings us The Benefits of a High Credit Score, saying, “I describe how to take advantage of a high credit score if you have one.  Also I explain why having a high score is beneficial.”

Money Health Central brings us Did The Debit Card Revolution Kill The Balanced Checkbook?, saying, “We use debit cards for convenience.  In return, the transactions fly fast and furious.  Balancing your checkbook is nearly impossible, which can lead to other problems.”

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Tour de France Financial Factoid # 5 (brought to us by Forbes.com)
According to Forbes, most of the bikes ridden in the Tour de France cost $10,000-$25,000, depending on the amount of customization needed. Wild!
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Budgeting in the Fun Stuff brings us I am So Excited About the Financial Blogger Conference, saying, “I am sooooooo excited about the blogger conference in October!  Bouncing off the walls excited!”
 
AccountantByDay brings us Mental tricks to help you budget, saying, “Apply some psychological science to your budget to help you stay on track.”

 

Narrow Bridge Finance brings us Online Only Banking, saying, “A look at the end of an era. I closed my only remaining brick and mortar bank account. I have gone 100% online.”
 
Debt Free By Thirty brings us Making Menu Plans, saying, “Since my menu plans are a regular part of my blog, I thought I would delve into how I come up with recipes and other tidbits.”
 
The Extra Money Blog brings us How to Get Paid to Try Various Products and Services, saying, “You can make some extra money on the side trying out latest products for Fortune 500 companies and providing your feedback.  The best part is that you get to keep the products for free!”
The College Investor brings us 5 Worst IRA Mistakes Made Everyday, saying, “A look at five common IRA mistakes that are easy to avoid if you know about them!”
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Tour de France Financial Factoid # 6 (brought to us by Wall Street Journal)


In fall 2006, Lance Armstrong and several other institutional investors were considering buying the Tour de France in an effort to reform cycling for the better. It was estimated that it would have cost about $1.5 billion at the time to buy the Tour. Quite a hefty price tag! I don’t believe it ever went through though. The current family that owns the Tour didn’t want to sell.
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My Multiple Incomes brings us

What To Consider Before Starting a Website, saying, “A few key points to know before you take the plunge of starting a website!”

No Debt MBA brings us Is the expansion of women in professional schools harming our economy?, saying, “As women reach even numbers with men in professional schools but continue to prioritize work-life balance we should be discussing what implications there are for our workplaces and society and how we should be changing.”

***Photo courtesy of http://www.flickr.com/photos/dripps/2304151835/sizes/l/in/photostream/

Comments

  1. Thanks for the included! I face booked, twittered, etc…
    My recent post MR Cache: Losing Wealth Because Of Insecurities

  2. Thanks for including my article!
    My recent post What to Do if You’ve Lost Money on Investments

  3. Thank you for including my post
    My recent post Best Way To Be Rich: Find Time To Be Rich

  4. Great job on the carnival. Thanks for the inclusion!
    My recent post Another Example of Getting What You Pay For

  5. Nicely put together carnival! Your Member Post on Yakezie.com is going up tomorrow, 6/27!
    My recent post Hate Your Job? Maybe You’re Not The Only One

  6. Thanks for including us!
    My recent post Our Sustainable Personal Financial Plan: The Future

  7. Thanks for hosting and including my article. Thanks for the cool factoids too. My family and I always watch the Tour together. It's great.
    My recent post 5 Ways to Save Money on Your Wedding

    • I'm glad you enjoy the Tour Miss T! Do you enjoy the flat, mountain, or time trial stages the most?
      My recent post Tour de Personal Finance, Stage 3, Posts 27-30

  8. Thanks for the inclusion. I am in good company.
    My recent post I Want a Job

  9. Thanks for the inclusion. I am in good company.
    My recent post I Want a Job

  10. @mattwegner says:

    Thanks for sharing our post. It's been a while since I've watched the Tour de France. You made me realize I miss it!

    • Thanks for participating Matt! I'll miss watching the Tour live on TV this year, as I don't currently sign up for Versus!
      My recent post Tour de Personal Finance, Stage 3, Posts 27-30

  11. Thanks for including Control Your Cash.
    My recent post Programmed to receive

    • Thanks for participating Greg! I'm reading your latest Carnival of Wealth right now! I always enjoy when you host! :)
      My recent post Tour de Personal Finance, Stage 3, Posts 27-30

  12. Thanks for the mention, Jacob!
    My recent post Weekend Reading: Thank You Edition

  13. Thanks for the inclusion, and for considering my article as one of the top posts, to boot. I'm glad to hear more about the Tour de France, to boot!
    My recent post Finding Ways of Building a Side Income

  14. Amanda L Grossman says:

    Thanks for the top pick! I am glad you enjoyed it.
    My recent post Even the Richest among Us are Not Immune to the Five Laws of Gold

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