Jul 20, 2013

The Tortoise Banker Carnival, 2nd Edition

Welcome to the 2nd edition of the Tortoise Banker Carnival, a selection of my favorite articles related to building wealth this week. If you would like to be included next week, please submit your post via Blogger Carnivals. If you would like to host for a future edition, please contact me at slowandsteadytortoise@hotmail.com.

Here are the guidelines:
  • Posts submitted should be written within the last 30 days
  • The posts must relate to building wealth, saving and investing, budgeting, entrepreneurship, or travel and lifestyle
  • Submit by Wednesday night for the Saturday edition
  • Please mention the carnival in your roundups if you have been featured!
So, let's get started with this week's roundup.

Robert @ The College Investor was the first article to catch my eye this week.  His post, Confessions from Recent College Grads provided a first hand take of the job market and life after college.  Current students, new graduates, and job seekers will pull some great takeaways from this article.  I especially liked Nick from UC Berkeley's realization about Consulting and Investment Banking jobs not being all they cracked up to be.

Luke @ Consumerism Commentary has inspired a future post on Tortoise Banker.  With stock markets at all-time highs, busy investors may want to take a step back and review their portfolios to assure they sync well with their target allocation.  IRA Balances at Five-Year High: Time for a Retirement Check-Up should serve as a reminder that every once in a while we need to re balance our portfolio to assure recent market changes hasn't gotten us off track.

SB @ One Cent at a Time gives us What is your Financial Goal - Do you currently have a financial goal? Do you have a finite number in mind and a defined date in which you plan to hit it? It gives us a nice framework for creating and assessing where we are trying to end up.

Pete @ Intelligent Speculator shared his Passive Income Update – July 2013 - It’s a nice read for anyone interested in tracking their progress, and Pete does a nice job giving us some ideas to possibly implement for increasing our own incomes.

Christopher @ This That and The MBA gives us a "new take" on how we should be viewing our emergency fund.  In What is your Emergency Fund really for? Chris reminds us that emergency funds are one of the most basic principles in personal finance. People mostly talk about using it in case of unemployment in today’s unstable job market. But what else is that money for, if anything? What is that (presumably) large chunk of change really doing for you?

MMD @ IRA vs 401k Central writes All the Great Things About Reaching Your Maximum 401k Contribution - Do you make the maximum 401k contribution to your account every year? I sure don't, but after reading this post I can't wait to keep increasing my savings rate to capture all the benefits!

Matt Becker @ Mom and Dad Money in Why Do You Have to Beat the Market?, Matt recommends we step back and look at the bigger picture, as it becomes pretty clear that beating the stock market is a fairly irrelevant goal for most of us. We have actual financial goals that truly matter to us, and these goals are most effectively achieved if we completely ignore the desire to beat the market. So feel free to let go of the marketing hype and spend your time and money in a way that truly benefits you.

Adam @ Money Rebound really got my attention in his post Tips for a Successful Garage Sale - I really need to do one of these right now after selling and buying a home in 6 days!  Follow these tips on how to carefully prepare and plan your garage sale and you will be amazed at how much you could make. Who knows, perhaps the sale will give you a great start on your summer vacation fund!

Little House @ Little House in the Valley shares her concern that although profanity is used prolifically in the media, it’s still considered “bad manners” to discuss personal finances in How Newlyweds Mess Up Their Finances.  I think she's got a great point, and if newlyweds can't talk about their finances, they are setting themselves up for failure!

Grayson @ Debt RoundUp reminds us to be wary of multitasking too much in his post, Money Multitasking – Concept and Execution.  Grayson wants you to ask yourself, "Have you ever thought that you are stretching yourself too thin with regards to your money? Are we pushing the limits with our money multitasking and becoming inefficient?" If we do too many tasks at once, we tend to lose productivity and creativity. There have been many studies on the effects of taking on too many tasks.

Pauline @ Reach Financial Independence writes an absolutely AMAZING post on Early retirement in the US vs abroad - Early retirement can be easily achieved in a country with low costs of living, but Pauline seeks to answer the question, "Is it worth it"

Paul @ The Frugal Toad posed the question, Have You Been Making a Big Credit Card Mistake? - He notes that it is relatively simple to use a credit card sensibly and responsibly, without ending up in debt. However, you do need to know a bit about how credit cards work as well as the terms and conditions of your particular card. Despite using credit cards for years, however, some people still continue to make pretty big credit card mistakes, some without even realizing it!  Make sure you aren't making one of these mistakes.

John S @ Frugal Rules asks Is Investing in the Stock Market Really That Easy? - Many are overwhelmed when it comes to investing in the stock market.  John feels that with a little homework and due diligence it can actually be simplified quite a bit and can lead to more efficient investing for long term needs like retirement.

Jon @ Novel Investor shares a nice post on 3 Safe Investments That Went Wrong - Over the past few years investors have turned to bonds, income stocks, and gold for safety. It paid off until now, because safe investments don’t last forever.  Should we change the way we view these investments?

Anton Ivanov @ Dreams Cash True reminds us to Not Be a Slave to Bad Debt - Bad debt will hinder your finances, tie up your income and do nothing to help you reach your financial goals. Don't be a slave to bad debt!

Mr.CBB @ Canadian Budget Binder To wrap things up, one of my favorite bloggers gives us some tips on How to budget as a couple - Budgeting as a couple for some people is a difficult task, but it doesn't have to be. Follow Mr. CBB's simple steps to work your way towards budgeting your personal finances together.

As you can see, it was another ROCKING week in the personal finance and lifestyle blogging realm, I hope you don't miss any of these!


  1. Thanks for including Dreams Cash True and hosting!

  2. Thanks for initiating this carnival and including my post!

  3. Thank you so much for including my blog post in your carnival. Cheers Mr.CBB

  4. Thanks for the mention Charles!

  5. Thanks for sharing, good compiled list, i read all of them