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Without further ado, let’s continue on with the 5th Stage of the 2012 My Personal Finance Journey Tour de Personal Finance (to follow all of the action, click on the Tour de Personal Finance category link and scroll down to read all the posts involved in this subject).
Also, if applicable, I will give a brief description of the stage of the Tour de France that took place the same day as (or that has happened since the previous Stage of) the competition.
HOW TO VOTE
You can vote for the two articles (one from each intermediate sprint) you’d like to see proceed in the Tour by commenting in the comments section below and telling which are your favorites.
I’ve listed a keyword after each post title to make it easy to vote (as a made-up example, you can just comment: Sprint 1: Mutual; Sprint 2: 401k, etc.) Be sure to comment which one you like the best out of each set of two! Criteria for the best article is completely up to you, but you can use these factors as a guide: 1) post of your favorite blogger, 2) most interesting post, 3) most thought-provoking post, 4) most unique post, or 5) most actionable post.
Here are today’s competitions (Sprints 3-4 of Stage 5 will go live later this afternoon, so be sure to cast your votes for those articles as well!):
Voting will continue until July 8th for this Stage!
INTERMEDIATE SPRINT # 1
10 Ways to be Rich Without Being Wealthy (Rich): Money is a tool, not an end goal. You only need as much as of it as will be necessary to have the quality of life that you want. That has less to do with a certain salary or portfolio level than we think. Here are 10 forms of “wealth” that can lead to a rich life and require very little emphasis on having or earning a lot of money.
- You Don’t Have to Make a Lot of Money to Get Out of Debt (Debt): One of the biggest myths out there is that you need to make a lot of money in order to get out of debt. But, you absolutely do not have to make a lot of money to get out of debt.
INTERMEDIATE SPRINT # 2
The Value of Work (Work): You won’t get the same props (or paycheck) for vacuuming an apartment building as you would for performing open-heart surgery. But, that doesn’t mean a janitorial job is demeaning. It just means we don’t have the sense to appreciate it.
- Taking Valuations Into Consideration When Setting Your Stock Allocation Reduces Risk by 80 Percent (Valuations): There’s lots of controversy today over whether Buy-and-Hold investing strategies really work for the long term or not. The one alternative with 30 years of academic research backing it up is Valuation-Informed Indexing. This article examines the data to show that stock investing risk virtually disappears for those investors who are willing to take valuations into consideration when setting their stock allocation.
TOUR DE FRANCE DAILY RECAP
***Photo courtesy of http://www.flickr.com/photos/robinsoncentral/158319571/sizes/l/in/photostream/