October 2014 Awesome Article Roundup

Awesome Articles To kick off this month’s awesome articles, Kathleen at Frugal Portland wrote: You Can Sell Your Eggs to Pay Down Debt. This is perhaps the most interesting article I have read on a side hustle since I started blogging.  In addition to providing the financial information Kathleen also gave a detailed account of how the process goes, which I am sure will be helpful to other women who may consider this option.  In addition to earning some extra cash, egg donation can provide a much needed gift for a couple struggling to have children.

Matthew Yglesias at the Vox wrote a compelling piece about the book publishing industry and the battle between traditional publishers and Amazon, entitled Amazon is Doing The World A Favor By Crushing Book Publishers.

Matt J Michel at The Proceedings of the Natural Institute of Science wrote: How Much Damage Can A 6 Year Old Possible Do? analyzing the costs of raising a destructive child by documenting all of the damage (and putting a dollar value on it) that Calvin from Calvin and Hobbes caused over the course of the comic strip.  He utilized the comic to illustrate the point that the yearly survey suggesting it costs over a quarter million to raise a child doesn’t include the chaos factor of mischievous children.

SB at Once Cent At A Time wrote The Importance of Personal Finance Lessons For Teenagers. SB covered multiple articles that essentially state millennials as a whole are extremely unprepared financially and in order to become home owners, most will need to have co-signing parents, an extremely bad plan.  SB discusses his own life experiences and steps taken to work towards financial independence, starting at a very young age, that shows an extreme difference between his experience and that of the typical millennial that we hear about.

Ricky at the Skint Dad Blog wrote Payday Loans For Kids – Pocket Money Loans. In this article he takes a look at a new website offering payday loans to children (yes the site is a joke) but the point is that payday loans in and of themselves are predatory, and we should be outraged that these financial products are marketed to ANYONE.

Bridget at Money After Graduation wrote Just Get The First $10,000. She explains how psychologically once you hit that mark continuing to save gets easier.  Hitting 5 figures is a major milestone, and once you have shown yourself that you have the ability to save $10K, you KNOW you can save another $10K, and another, and another…and before you know it you’ll have some real wealth!

J$ just posted an article on Budgets Are Sexy titled What Would Happen If Everyone Could See Your Net Worth? And not just see it on a piece of paper, but what if above our heads our net worth was a large flashing sign? The article and the conversation it started are well worth a read.  From my perspective the number one thing about this is that people would actually know their net worth!

What awesome articles have you come across recently?

John C. started Action Economics in 2013 as a way to gain more knowledge on personal financial planning and to share that knowledge with others. Action Economics focuses on paying off the house, reducing taxes, and building wealth. John is the author of the book For My Children's Children: A Practical Guide For Building Generational Wealth.

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