Famous money quotes edition of the COPF

This week I am hosting the Carnival of Personal Finance. So these are some of the best articles from around the web about a variety of money topics. I decided to add a few of the more famous money quotes out there to spice it up a little. Enjoy!

Editor’s Picks

“Neither a borrower nor a lender be; For loan oft loses both itself and friend; And borrowing dulls the edge of husbandry [economy].” – William Shakespeare

These three articles I found to be particularly interesting. There were other great ones in the bunch, but these three tickled my fancy .

• Paul from FiscalGeek presents How to Make Your Own Air Conditioner, and says, “For the MacGyver types out there, make your own Air Conditioner with a cooler, copper tubing, a cooler and an aquarium pump.”
• Dorian Wales from The Personal Financier presents Buy on the Rumor – Sell on the News: Our Psychology at Work, and says, “A counter intuitive rule of thumb explained”
• Matt Jabs from Debt Free Adventure presents The Whole Armor of Personal Finance, and says, “Ephesians 6:10-18 outlines a powerful and encouraging passage of scripture that deals with The Whole Armor of God. In it Paul reminds the reader that the Christian battle is not one of flesh and blood, but of principalities, powers, the rulers of this world, and wickedness in high places.

Budgeting

“A wise man should have money in his head, but not in his heart.” – Jonathan Swift

• The Incidental Economist presents Budget Tracking and Projections (with Quicken Tricks), and says, “This is the third post in my eight-post series on investment planning. It is about how to use a budget for tracking and projection. It describes how to implement these functions in Quicken.”
• Matt from One Million and Beyond presents The Fluid Budget.

Career

“Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.” – Groucho Marx

• Free Money Finance presents Five Steps to Branding Yourself and Growing Your Career, and says, “Actively managing your “brand” is one key way of growing your career.”
• Darwin’s Finance presents Top 10 College Degrees in 2009 with Massive Demand , and says, “The Top 10 Highest Paying college degrees for new graduates. There’s an interesting pattern in this year’s hottest degrees since the Wall Street meltdown. “
• Modern Tightwad presents Unemployment Ambivalence.

Credit and Debt

“Creditors have better memories than debtors.” – Benjamin Franklin

• Jeff Rose from Good Financial Cents presents How to Review Your Credit Report, and says, “The thing most people don’t tell you is what you should be looking at when you do review the report, right? Well, today I’m going to help you go through your credit report.”
• J. Money from Budgets Are Sexy presents How The New Credit Card Legislation Affects You., and says, “Exploring the pros and the cons (at least in my opinion) of the new c/c legislation!”
• Funny about Money presents Too Much Debt? Sell Your House and Rent It Back!.
• Squawkfox from Squawkfox presents Credit Card Calculator: Reduce Your Credit Card Debt Faster, and says, “Use the Credit Card Calculator to crunch the numbers and see how paying just the minimum balance will cost you thousands and take you years before ending your debt.”
• Doughroller presents Balance Transfer Smackdown: 0% for 6 Months vs. 3.99% for 12 Months, and says, “Your take: What is the best offer–0% balance transfer for 6 months or 3.99% for 12?”
• Silicon Valley Blogger from The Digerati Life presents What Are The Best Credit Card Rewards Programs?, and says, “Here’s a lengthy evaluation of credit card rewards programs that can be helpful for those looking to pick up a rewards credit card! “
• The Smarter Wallet presents Credit Monitoring Services To Check Your Credit Report
• Ask Mr Credit Card presents LifetimeHabits and Credit Card Abuse.

Economy

“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan

• The Canadian Finance Blog presents The Recession Is Over! No Wait, It’s Not, and says, “Mixed messages about the recession in Canada could hurt our recovery.”
• Tough Money Love presents The Continued Slow Deflation of the Housing Bubble, and says, “If some experts are correct, baby boomers will keep housing prices down for an extended period.”

Insurance

“There are worse things in life than death. Have you ever spent an evening with an insurance salesman?” – Woody Allen

• Jim from Personal Finance presents What is the Average Cost of Car Insurance for a Teenager?.
• Jason from Financial Updates presents 6 Basic Types of Insurance.
• Henry Stern from InsureBlog presents From the Mailbag: Life Insurance Times 2, and says, “Summary: InsureBlog’s Henry Stern answers a reader’s question about whether it’s okay to more than one life insurance policy.”
• Wojciech Kulicki from Fiscal Fizzle presents Pregnant? Consider Insurance and Legal Issues.

Investing

“The safest way to double your money is to fold it over and put it in your pocket.” – Kin Hubbard

• Pinyo from Moolanomy presents Save, Invest and Borrow To Achieve Your Financial Goals, and says, “Overview of step #5 in Moolanomy’s Financial Success Plan. The step looks at various ways to accomplish financial goals — specifically, saving, investing, and borrowing.”
• D4L from Dividends Value presents Are REITs and Utilities Good Dividend Investments?, and says, “Dividend stocks. When you hear those two words what do you think of? Many people think of widows and orphans, along with their stereotypical investment in utility stocks. While others may think of maximizing income by finding the highest yielding stocks available like Real Estate Investment Trusts.”
• Alex from All Things Jim Rogers presents Jim Rogers Continues To Be Bullish On Commodities and China, and says, “he Jim Rogers interview with Bloomberg . According to Jim Rogers, the Chinese stock market has risen too fast and it might “collapse” has it has basically doubled off its lows.”
• Dividend Growth Investor from Dividend Growth Investor presents Reinvest Dividends Selectively , and says, “Reinvested dividends have contributed most all of the stock markets total returns over large periods of time. Some dividend investors automatically reinvest their distributions over time, which leads to compounding of their interest. Others do not re-invest automatically and instead wait for distributions to accumulate before adding onto existing positions or initiating new ones. “
• Bret from BretFrohlich.com presents The Dangers of Derivatives, and says, “Risky derivatives and securities were the primary cause of the Global Fianncial Crisis. Fortunately, there are new laws on the horizon to protect us in the future.”
• The Dividend Guy presents The Best Dividend Stocks In The World, and says, “There are a lot of investment choices out there, how about looking for the best of the best.”
• Alex from All Things Jim Rogers presents Jim Rogers Disciplined Investor Interview July 26 2009.
• Philip Brewer from Wisebread.com presents Optimize Your IRA and 401K.
• Andy from saving to invest presents Use Exchange Traded Funds (ETFs) When Unsure About Which Stocks to Buy , and says, “Like many retail investors, last year’s investing experience has made me quite risk averse when it comes to putting all my money in a handful of stocks. However there is an easy and lower risk solution available – Exchange traded funds”
• The Dividend Tree presents IBM’s Successful Transformation, and says, “As a dividend investor, this is what I am looking for; a corporation that is willing to adapt, a corporation that does not want to live in its past, but wants to grow continuously by evolving.”
• TIPBlog.in presents How to Execute Asset Allocatin – A Yale Fund Example, and says, “The fund manager projects upfront what would be expected return and how much volatility is expected. How many of us attempt to project our expected return and volatility in a realistic way? “
• Paul Kamp from Don’t Quit Your Day Job… presents Go Home Already! Congress vs. the Stock Market, and says, “This article details the ‘Congressional Effect’, where many of the gains in the history of the stock market have comes when Congress is not in session. There is also an examination of political risk in general, analyzing two other studies: the outperformance of companies which make campaign contributions in a political cycle, and the benefits of having the Legislative and Executive branches under the control of opposing parties. The article is timely since Congress went on recess yesterday!”
• Banker Saver presents 4 Financial Tips To Weather The Mortgage Crisis.
• Helen from Affine Financial Services presents Comparing asset allocation: Schwab vs. Morningstar vs. Fidelity, and says, “If asset allocation is so gosh darn important, why do Schwab, Fidelity, and Morningstar deal with it so differently? “
• Kevin from No Debt Plan presents How Much Company Stock Should You Hold?, and says, “Should you own any company stock? Not normally, but there are a few exceptions.”
• ElizabethG from Modern Gal presents Investment Advice Among Friends.
• CJ from The Coin Jar presents Two headlines that overpromise and underdeliver.
• Sun from The Sun’s Financial Diary presents Broker Web-Based Trading Platform Comparison.

Money Management

“The art of living easily as to money is to pitch your scale of living one degree below your means.” – Sir Henry Taylor

• ChristianPF presents How to NOT get ripped off when selling your gold, and says, “Apparently there aren’t really any “standard” gold prices. One piece of jewelry was sold for $50 and the same piece was sold to a different place for $5. These are some tips to help you not get ripped off!”
• Joe Plemon from Personal Finance By The Book presents Case Study on Achieving Personal Financial Goals: Alline Davenport, and says, “This series on case studies will walk our readers through the process of discovering the short term and long term goals of my clients, formulating a plan to achieve those ends and then holding the client accountable to actually carry out the plan and thus accomplish the goals.”
• Paul from Provident Planning presents What Is God’s Provident Plan for a Christian’s Personal Finances?, and says, “God’s Provident Plan is His desire for each Christian’s personal finances – and it’s not a plan focused on making Christians rich, or how we can retire early, or the things we can do to make us feel good about ourselves and our money.”
• Peter from Bible Money Matters presents Training A Child About Money Online, and says, “Our society is becoming more and more ignorant of the basics of personal finance every year. It is up to parents to educate their children, and here are some resources to help them.”
• Deposit Accounts from Deposit Accounts presents Should You Take a 401(k) Loan?.
• Matt B from Financial Methods presents 11 Relatively Unconventional Ways to Make Extra Cash, and says, “These may not be the first thing that come to mind when needing extra money, but they work.”
• Studenomics presents College Scholarships- Is There Free Money For College Students?, and says, “A look at the interesting topic of free money in the form of scholarships and what you can do to improve your odds of getting free money this September.”
• Eden from Finance and Fat presents You Just Realized You’re Spending More Than You Earn: 4 Things To Do Today
• Banker Saver from Banker, Saver presents 4 Financial Tips To Weather The Mortgage Crisis
• Single Guy Money presents Carfax Reports May Not Reveal All Damage.
• Ray from Financial Highway presents The Power of Small:To Achieve Big Goals, Think Small, and says, “Take small financial steps to reach big financial goals.”
• Simon from Realm of Prosperity presents Prepare Yourself With My Lost Wallet Protocol.
• Mr. GoTo from Go To Retirement presents Maximizing Social Security Benefits, and says, “If you are over 40, it’s not to soon to plan ahead for maximizing benefits from Social Security.”

Real Estate

“Our houses are such unwieldy property that we are often imprisoned rather than housed in them.” – Henry David Thoreau

• Dan green from The Mortgage Reports presents How To Accept A Home Downpayment Gift From Family That Won’t Get Rejected In Underwriting, and says, “You’re you accepting a gift of cash to buy your next home, you need to know that there’s a right way and a wrong way to do it. You can’t just deposit your parents’ money into a bank account.”

Saving

“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.” – Charles Dickens

• Michael B. Rubin from Beyond Paycheck to Paycheck presents Do Debit Cards Separate You From Your Money Emotionally?, and says, “Do the perils of a credit card apply to it partner in plastic, the debit card?”
• MoneyNing presents How to Determine Whether an Alternative is Good Enough, and says, “Sometimes, an original is good enough but not always. Here’s how you can think about it.”
• PT Money from Prime Time Money presents Cash for Clunkers Program May Get More Funds – But is the Program Good for Consumers?
• Curt from PennyJobs.com presents Don’t Take The Bait: Why You Shouldn’t Trade In Your Car For $4,500 On a New One.
• David R. Lampsen from Personal Finance Analyst presents Seven Simple Ways to Save on Medical Expenses.

Other

“He that is of the opinion money will do everything may well be suspected of doing everything for money.” – Benjamin Franklin

• Tim from Talk with Tim presents WiseBread Author Will Chen Shares Practical Personal Finance Tips, and says, “Will Chen from WiseBread was kind enough to chat with me about personal finance and their new book 10,001 Ways to Live Large on a Small Budget. “
• Tom Fisher from The FFS Blog presents Should You Pay Off Your Mortgage Before You Retire?.
• Ryan Irvine from The Elements of Lifestyle presents Crapitalism:It Pays to Have Discriminating Tastes, and says, “The small, passionate minority of consumers who really care about a product end up paying less for it. For proof, look no further than Starbucks or your office copy room.”
• Madame X from My Open Wallet presents Helping Out in a Health Crisis, and says, “Sometimes financial help from friends and family is about more than just money. “
• Miss M from M is for Money presents Cash as a Wedding Gift – Tacky or No?.
• JS from Smart Money Daily presents What To Do If You’re Fired, and says, “When you are terminated from a job, your first thought is probably “what do I do now?” and the answer to that question is to get out there and start looking for a better job.”