Best Personal Finance Blog Articles of 2012: Week 41

Becoming rich isn’t all about money. If your idea of being rich is the ability to buy high end cars, over-sized homes, and other useless fancy things – you are reading the wrong blog!

Becoming rich takes the discipline to differentiate between true needs and wants. It takes a person willing to make sacrifices now so they can live the life they want later. It takes a person who has high morale ground, realistic goals, and a grounded lifestyle. If you can resist the intense pressure from the people around you, and the all encompassing media, you can stop living life like everyone else and be yourself.

Bargaineering: Would a Higher Interest Rate Entice You To Save More? Do interest rates have anything to do with your saving behavior? It shouldn’t. When you think of savings, make sure to include retirement and investing accounts, emergency savings, as well as your checking and regular savings account.  High interest rates tend to make people feel more wealthy, thus lowering savings rates – the low interest rates now are part of the reason why people are saving more.

Consumerism Commentary: Robert Kiyosaki, Financial Guru, Declares Bankruptcy So the author of Rich Dad, Poor Dad declares bankruptcy. Really, it’s sheer genius and wild way to game the system in his favor. Though he’s still going to be rich, I don’t respect the way he pimps his products or shafting people he worked with. I doubt most people who attend his seminars or buy his books are really changing their lifestyle.

Mr. Money Mustache: Our New $10.00 Per Month iPhone Plans A lot of people are spending more on their cell phone bill than they put away in savings each month. What’s your monthly cell phone bill? When is the last time you looked at your statement and actually monitored your usage? You’re probably paying too much and it’s your own fault.

Posted by Long