Linkworthy: Cash, Condoms and Apple Options

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 toΒ  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:

And last but not least, a couple other places that mentioned Pf Firewall:

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!

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11 People have left comments on this post



» Joe PlemonNo Gravatar said: { Jul 25, 2010 - 06:07:25 }

Jesse,
Thanks for highlighting my post about my friends who paid cash for their car. Much appreciated.

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jmichelsenNo Gravatar Reply:

No prob, it was a great read and motivation considering the fact that I am planning a debt free car purchase by the end of the year.

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» Money ReasonsNo Gravatar said: { Jul 25, 2010 - 10:07:09 }

Thanks for the mention!

I use my credit card for almost any purchase that I can. I have to admit though, it is kind of embarrassing going thru a McDonalds Drive Thru and paying with a credit card! But reward points are reward point, so I do it anyway… πŸ™‚

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jmichelsenNo Gravatar Reply:

You bet MR! Those points man, they are awesome. I use my credit card when buying snacks at the gas station for my kids…66cents on credit, you got that right! Although I feel bad when it's that low as the business is charged more to run my card than they make from my purchase..

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» Dr DeanNo Gravatar said: { Jul 26, 2010 - 06:07:44 }

Thanks for the mention. I had fun writing the posts. Makes it more fun, then just another fact-filled article. Not that it wasn't fact filled in a fictitious kind of way….
Dr Dean

My recent post Frugal Living Tips

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jmichelsenNo Gravatar Reply:

It certainly did the job Dean. It was very well written and for a post about a condom company, I surprisingly wasn't embarrassed too much during the read.

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» DeniseNo Gravatar said: { Jul 26, 2010 - 02:07:23 }

Trust me, the cashier doesn't look at you in shame! πŸ™‚

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jmichelsenNo Gravatar Reply:

haha thanks for reassuring me! I feel like I am out of place sometimes when I shop like a retiree rather than a consumer steeped in debt.

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» ForestNo Gravatar said: { Jul 28, 2010 - 01:07:02 }

Hey Jesse, I made a pledge to never use credit again and am just crawling out of debt right now. If I ever buy a car it will be in cash, same goes for a house too!

Great news about your baby walking and your exercise regime and everything else :).

Thanks for the guest post, it was a great one.
My recent post Sentimentalism- The Minimalists Roadblock!

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jmichelsenNo Gravatar Reply:

Hey Forest, that's an awesome pledge and a loft goal, to buy a house without credit but those goals are what keep us moving forward at the rate we do!

and thank YOU for the guest post opportunity!

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