I pride myself in being able to pay cash for most things. I am actually embarrassed when I buy a big purchase and put it on a credit card because I know I actually have the cash to pay for it (but use the credit card for points/miles) and I’m worried that the salesperson may think I am like every other consumer that comes into their shop and finances their large purchases. Not that I will ever see that salesperson again, but it does bother me to some extent..
So this week, I have to highlight this article about a family that actually paid cash for their car..not just cash backed credit cards like I use, they actually walked in, paid $17,000 in cash, and left with just a receipt! That’s got to be an amazing feeling! Over at Personal Finance By The Book, the article titled This Family Paid Cash For Their Car; You Can Too. It’s an interview with the family members as well as a bit about them which is pretty interesting.
Other great reads this week include:
This week has been crazy for those in the stock market. The market has been fluctuating at a higher rate than usual, so naturally there were a bunch of posts about investing. First up, Dr Dean over at The Millionaire Nurse blog writes about a fictitious condom company in a role play like guide to investment terms and vehicles. It’s pretty entertaining and I learned a bunch about the business side of the stock market.
There is a post up at Money Reasons talking about the crash as well. He discusses whether we are heading into double dip territory or not and why he thinks that’s a big negative, based on advice from the worlds greatest investor, Warren Buffet.
Over at Darwins Money, Darwin makes a killing on Apple options. He found that Apple was undervalued after their antenna problems, and the timing couldn’t have been more perfect for him to put an option in on Apple stock and make a 245% gain on investment.
And if talk of the market bores you to death, Len from LenPenzo.com as usual gives us some awesome entertainment with a financial lesson to back it up. He discusses the manhood of big spenders and includes a very cool infograph detailing what big spenders pay and what they could have paid, had they been more frugal and cared about the cost.
This week was pretty busy for me as I had a couple of guest posts elsewhere, so check them out:
- Frugal Zeitgeist hosted a post I wrote while he was in Sweden: How to Harness Passion and Take Action
- And I wrote Dollar Cost Averaging Helps Eliminate Emotion and Market Risk that’s up at Free From Broke
And last but not least, a couple other places that mentioned Pf Firewall:
- Out of debt again hosted a Yakezie roundup
- Evolution of Wealth also had a roundup of great Yakezie posts
- The Ultimate Money Blog highlighted my article on Choice
- And Invest It Wisely linked to one of my posts, specifically my post on Specificity 🙂
It’s been an incredible week for me. My younger baby is actually starting to get the hang of walking, it’s pretty funny to watch. She wobbles all over the place with her hands up above her head. My older daughter is growing up way too fast and keeps doing things I feel like she is way too young to do at three and a half years old. My wife continues to get bigger (pregnant, so it’s supposed to happen) and I keep getting slimmer on my strict diet and exercise regime. It’s summer and I hope you guys are all having just as much fun as I am! br>
Tags: antenna, apple stock, business side, condom company, credit cards, darwin, dean, double dip, dr dean, family members, investment terms, len, millionaire, nurse, personal finance, receipt, role play, salesperson, stock market, warren buffet