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Without further ado, let’s continue on with the 6th 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 and 5-6 of Stage 6 will go live later this afternoon, so be sure to cast your votes for those articles as well!):
Voting will continue until July 9th for this Stage!
INTERMEDIATE SPRINT # 1
What’s The BEST Financial Advice I Can Give? (Best): When someone talks to you about their money problems and asks you for financial advice, is that really what they’re asking for? In my experience, they’re actually asking you for something else- they’re asking you to give them options they haven’t thought of yet.
- Advice for Twenty-Somethings Getting Started Managing Money (Twenty): A concise, easy to understand, and most of all, ENCOURAGING note to my fellow twenty-somethings on how to manage their finances. For a generation that grew up to watch the Tech Boom of the Nineties collapse during the Tech Bubble Burst and who saw the Great Recession hit right as they were entering the real world, there’s been an unfortunate trend towards avoiding investing or any other sort of risk, right at the time when they can most afford to take MORE risk. This article is my attempt to get my fellow Generation Y people to resume their risk taking and to use all the tools at their disposal to increase their investments and side income earning now, when they are young enough to recover if anything goes wrong.
INTERMEDIATE SPRINT # 2
Money For All Seasons I: Income, Spending, and Age (Seasons): Using the four seasons – spring, summer, autumn and winter – as a metaphor for the four different stages in our lives, I have set out some age related expectations regarding income, expenditure, investments and cash-flow. It is a common sense way to illustrate how our financial situation today carries into our future and that it is never late to change one’s financial trajectory.
- My 12 Year Old Really Hates Debt (Debt): I want to teach my children about all aspects of money management, including debt and loan repayment. I recently loaned my son $300 for a school trip and he paid it off in four months, without whining or complaining. And…most importantly, he learned that he does not like debt and wants to avoid it in the future!
TOUR DE FRANCE DAILY RECAP
***Photo courtesy of http://www.flickr.com/photos/bortescristian/3185230481/sizes/l/in/photostream/