Aug 17, 2013

The Tortoise Banker Carnival, 6th Edition

Heard a wonderful short story this week I'd like to share.

A young boy on summer break sat one day at the breakfast table with his Grandfather.  The boy looked to his Grandfather, a retired Marine Corp General, and asked, "Grandpa, I want to be the smartest in my class.  Can you teach me everything you know?"

The Grandfather replied, "Yes, but are you ready for such wisdom?"

The boy affirmed, so the Grandfather brewed a pot of tea and poured two cups, one for his Grandson and one for himself.

"Take a moment to visualize the cup in front of you containing everything you already know.  Now, picture the pot as the wisdom you seek."

With that, he poured tea into the boy's already full cup and it overflowed onto the table.

The boy jumped to his feet confused and grabbed a cloth to clean up the mess, but his Grandfather grabbed his shoulder and sat him back down.

"Did your cup have any more room for tea?"

"No." Said the boy.

The boy's Grandfather then looked at him with a loving smile and said, "If it is true wisdom you seek, take the time to empty your mind of what you already know so that you may look at things with a fresh and eager perspective.  Too often, we go about the world assuming we already know everything there is to know.  If you desire to become wise, empty your mind.  Just as you must empty your cup to have more tea."

With that, the boy finished his cup of tea, and his Grandfather filled it up.

Is your cup full this morning?  If so, take a big gulp and enjoy the tremendous contributions to this week's carnival!

Welcome to the 6th 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

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 posts if you have been featured!
So, let's get started with this week's roundup.

Jessica Moorhouse @ Mo' Money Mo' Houses writes Would You Sacrifice Your Relationships to Be Rich? - Some people will do anything for the almighty dollar, even sell stories about their family to the press to make a quick buck. But what's the point in having boatloads of cash if you had to sacrifice all of your relationships to get it?

Kevin Watts @ Graduating from Debt writes Practical Solutions to Student Loan Reform - A Look at Practical Solutions to Student Loan Reform

Mrs. Accountability @ Out of Debt Again writes 4 Tips to Stay Organized - Summer organizing, anyone? I am amazed at how having an organized living space saves time, allowing me to focus on the important things in my life.

Don @ MoneySmartGuides writes 5 Ways to Save Money On Your New Baby - The birth of the royal baby, the first child of Duke and Duchess of Cambridge and the third in line to the British throne, is a magnificent way to feel the joy and happiness that your own little royal will

Tushar @ Earn More and Save writes Heading to College? 5 Ways To Avoid Student Loan Debt - Going to college and getting a degree is no longer the American Dream - it's the norm. With so much competition in today's job market a college degree is almost necessary. However, many would be students are hesitant about taking out loans to fund their education.

Michael @ The Student Loan Sherpa writes How am I ever going to retire with all these student loans? - If you are sitting on a bunch of debt retirement seems like a far away dream, but if you are smart about your spending and where you put your money, you can make your debt disappear AND still have a shot at comfortable retirement.

Tushar @ Start Investing Money writes 3 Reasons to Be Careful if You Get Financial Advice Online - The internet has changed our lives in lots of different ways. If we have a question we need an answer to, it is easy to hop online and find the information we want. Except of course, we cannot always be sure we're getting the best information.

Roger @ The Amateur Financier writes Net Worth Update: August 2013 - An update, sharing my net worth as of the start of August 2013, discussing how my technical difficulties have complicated things this past month.

Mr. Frenzy @ Frenzied Finances writes Consumer Tips: How to Score Deals While Shopping - Looking for some nice deals while you shop? There are always great options available - just be on the look-out. Here are some consumer tips!

MR @ Money Reasons writes How Much Money Is a Lot of Money? - Money has changed meaning to me as I grow older. Read some of my funny history around how I viewed money, and what a lot of money is to me today.

Tushar @ Finance TUBE writes Two New Places To Sell Your "Stuff" - So you got to host full of stuff and you can use some extra money. You are probably aware of the traditional ways to sell your items places like in the paper and other areas, have a garage sell, list on Craig list or on ebay.

Tushar Mathur @ Everything Finance writes How to make your gaming budget go further - These days it’s very difficult to stretch your budget, and even when you set a limit it is often hard to ensure you don’t exceed it and incur debt.

Ted Jenkin @ Your Smart Money Moves writes 4 Money Tips For The Dog Days Of Summer - This is the rainiest summer season I’ve experienced since I moved to the state of Georgia.

Corey @ 20s Finances writes How to Successfully Switch Careers - Find out how to switch careers and go forwards instead of backwards. Doing something you enjoy doesn't mean taking a pay cut.

Maria @ The Money Principle writes From retirement to life design - Focusing on employment, pensions and retirement may not be the things to focus on. Here I suggest that we should re-focus on work, income and life style design.

Cat Alford @ Budget Blonde writes Tips for Getting Your First Credit Card - If you've never had a credit card before, here are tips for getting your first credit card. They can actually be a great financial tool if used wisely!

Wayne @ Young Family Finance writes Powering Down: Ways to Save Money on Utilities - Simple changes in your use of electricity and water can save you money. It's not hard! Read here for tips on saving money through utilities.

Bargain Babe @ writes Back to School Deals - Back to School deals for the 2013 school season are happening! Even if you do not have kids in school, this is the best time of year to stock up your home office or craft...

Harry Campbell @ Your PF Pro writes What Is The Easiest Job You’ve Ever Had? - Even from a young age, I’ve been hustling to find the easiest jobs that would pay me the most. When I was a kid, my neighbor and I would steal lemons from another neighbor’s tree and sugar from his parents to set up a lemonade stand on the corner. I’ll be honest, the money wasn’t great, but since my parents didn’t give me an allowance, it was the only way we could make money so we could buy candy at the liquor store

Lindy @ Minting Nickels writes Thinking of Quitting Your Job? Don't Forget to Consider These Perks You'll Leave Behind - After I completed graduate school, I was lucky to land a tenure track teaching position.

Harry Campbell @ My Financial Road writes My Savings Problem - Recently, I read “The Automatic Millionaire” by David Bach and it dawned on me that I although I have been paying myself, I haven’t been paying myself FIRST. I was simply going through the motions of going to work, paying my bills and saving whatever was leftover at the end of the month. This led to me not saving so much since I would spend a little more on groceries or go see a movie or something and there wasn’t much left to save.

CAPI @ Creating a Passive Income writes The Experience Problem: Applying for Jobs Without Experience - In this economy, it is hard to find jobs. It is even harder if you do not have any work experience on your resume. Read here for tips on how to do this!

Ryan @ Cash Money Life writes Are You Really Work from Home Material? - Do you have what it takes to work from home? Many people love the idea of working from home, but find that it is more difficult than they ever imagined.

Daisy @ Suburban Finance writes How to Improve Your Credit Score - So you are looking to buy your first home or maybe even finance a new car and you are worried about your credit. Although raising your credit score is never a quick and easy task, there are various immediate actions that you can implement today in order to start the process towards raising your credit ...r

Jon Haver @ Pay My Student Loans writes How to graduate with no student loan debt? - The most common methods include loans and grants. However, loans and grants are not the only options for aspiring students. Today, I’ll detail some methods to ensure you graduate college without taking on debt. Many have done this before and if you’re wise, you can do it too.

John @ writes How Do Canadian Consumers Spend Their Money? - The majority of annual household consumption in Canada goes toward necessary goods, services, and products, while entertainment and superfluous expenses make up minority categories.

Pauline @ Reach Financial Independence writes Building Wealth While Building Muscle - This post compares wealth and muscle building in an attempt to get progressively better and reach your health and financial goals.

Luke @ Learn Bonds writes The Corporate Bond Market: Often Misunderstood and Underappreciated - The first part in a multipart series on the corporate bond market. What you need to know to start investing in corporate bonds today.

Crystal @ Budgeting in the Fun Stuff writes Thrift Store Challenge Update - I Bought ALL of the Clothes... - Back in May, I started my own challenge. I decided that I would only buy clothing from second-hand stores like Goodwill and resale shops until June 2014.

Shredding Debt @ Shredding Debt writes Debt Payoff Progress for June 2013 - We made some more progress during the month of June which is good news.

Robert @ The College Investor writes The Minimalist Guide to Creating a Realistic College Budget - College students and recent college grads usually don’t have very deep pockets. Often faced with huge debt loads, busy schedules, and less than glamorous jobs, budgets can easily get pushed to the side.

Robert @ Entrepreneurship Life writes FreshBooks Cloud Accounting Review - FreshBooks is one of the most popular online cloud accounting programs available right now. It started out as invoicing software – and it revolutionized the invoicing industry by integrating payment directly into it’s online service, and having a myriad of other features. I know that I originally interacted with FreshBooks Cloud Accounting as a customer, as one of my vendors invoiced me using it. I found it pretty slick and easy to use as a customer, so I wanted to try it out myself.

Little House @ Little House in the Valley writes An Easy Tip to Retire with 30% More - It wasn’t until I reached my mid-twenties that I realized that dollars stash into retirement accounts in the early part of your career are FAR MORE valuable than dollars invested later in life.

SBB @ Simple Budget Blog writes For College Students: Budgeting Your Daily Expenses - Heading to school? Great! Keep in mind how important budgets are. Read for the tips needed for college students to budget their daily expenses.

Mike @ Personal Finance Journey writes 5 Tips on Borrowing Money from Friends - 5 relatively easy ways to Borrow Money from Friends and still keep the friendship solid and avoid all the drama.

Kathleen O'Malley @ Frugal Portland writes Wantable: Is it Worthwhile? - Wantable has a very fun premise. You fill out a survey and they send you the items they think you want based on those results.

Jacob @ AllPersonalFinance writes Will you be renting short term, long term or forever? - With the housing market as challenging as it is right now, a lot of people are struggling to save enough money for a deposit on a first home and we're seeing a lot of people renting for much longer than they might have in the past.

Lauren @ L Bee and the Money Tree writes Blow Money is a Non-Negotiable - I find that a small amount of blow money is essential to debt payoff success.

FI Pilgrim @ FI Journey writes Build A Better Budget Part 1 - The Mindset - It pays dividends to think through the process of creating a budget before you get started. What's the purpose? What does it consist of?

Holly Johnson @ Club Thrifty writes Operation Frugality: Save Money by Eating Old Food - Do you want to save money by eating food that you already have? If so, please join OPERATION FRUGALITY: SAVE MONEY BY EATING OLD FOOD. It'll be awesome!

Monica Iannacone @ Monica On Money writes $25 August Giveaway and Goals! - Now that it's August, it's time to think about my financial goals for the month. Here are my top 3 goals for August.

Suba @ Broke Professionals writes The Rising Price of Child Care - From school tuition to medical bills and everything in between, paying for kids-related expenses is growing as fast as my children themselves!

krantcents @ KrantCents writes Things you must do to succeed at real estate investing - Things you must do to succeed at real estate investing

Nathan @ AsknWhy writes How to Avoid Business Pitfalls - Usually, amateur business entrepreneurs both online and in the actual world miss this a thousand times.

Buck Inspire @ Buck Inspire writes Ellen Degeneres Returns To Host The Oscars - If you're a fan of Ellen, you're in luck. She's returning to host the Oscars next year!

Evan @ My Journey To Millions writes It is Amazing How Local Personal Finance Can Be - Most people discuss personal finance rules in absolute terms. I hate it! I truly believe there are almost NO SET PERSONAL FINANCE RULES.

Brent @ PersonalFinance-Tips writes Organizing and Packing Tips for Easy Relocation - A house move comes with a bundle of mixed feelings. On one hand you are super excited about the new house, the new location etc. but on the other hand there is the monster of the move scaring you.

ETZ25 @ Entertainment Timez writes AIG Delivered, But Where Is Everybody? - AIG delivered, but still there aren't many investors in the stock, at least not non-institutional investors (us home investors). Is this a mistake given the facts?

Kyle @ The Penny Hoarder writes Think You Can't Afford a Smart Phone? - Smart phones are everywhere. You might look at your friend’s smart phones with envy and wish that you, too, could get one. You may think a smart phone is out of your financial reach, but you may be surprised.

Crystal @ Married (with Debt) writes Introducing MikeS - Married with Debt - Please meet our new staff writer, MikeS, who is married with debt too.

Eva Baker @ TeensGotCents writes How To Get A Part Time Job - REI - An interview with Ken Bevill of REI. Ken and I discuss the specifics of getting a part time job at REI for teenagers - what to do and what to avoid.

Minimalist @ Minimalist Finance writes Instilling Financial Responsibility In Your Teenager - Instilling Financial Responsibility In Your Teenager has been published on Minimalist FinanceTeenagers can be difficult students. Most teens would rather be out with their friends or playing their favorite sport than learning about money and money management.

MMD @ IRA vs 401k Central writes What Are My 401k Investment Options and Choices? - When you receive that packet with all the different 401k investment options to choose from, what does it all mean? This post will help you figure that all out.

DW @ Great Passive Income Ideas writes Great Extra Income Opportunities Using The Internet - You don't need a second job. There are lots of extra income opportunities that can easily be done with nothing more than the touch of a computer. Here are a few to try.

Mr FD @ Financial Debauchery writes Poor Customer Service Skills = Why I Hate Blockbuster - If you think that poor customer service skills aren’t likely to drive a patron to absolutely despise a store and every location it has, then think again.

Matt Becker @ Mom and Dad Money writes The Mythical $12,000 Baby - The reports out there say it costs $12,000 in the first year of raising a child. When making your own decisions, it's important to remember that that number is just an average. It doesn't reflect your personal situation or your ability to make different choices. Let's look at some of the ways you can be different.

Christopher @ This That and The MBA writes Opening a Savings Account For a Child - Selecting the right type of savings account though can be easier said than done. Not only is convenience important when it comes to personal banking but the terms and conditions of bank accounts these days are things that must also be taken into consideration.

John S @ Frugal Rules writes Investing in Stocks: Are You a Trader or Investor? - There are various strategies investors can implement in the stock market yet many do not stop to think which is best for them. This lack of preparation can significantly undermine their investing efforts and hinder their attempts to grow wealth.

Prairie Eco Thrifter @ Prairie Eco Thrifter writes So You've Maxed Out Your Emergency Fund - Now What? - Once you’ve reached your goal and have a nice, healthy emergency fund in your bank, what do you do next? Spend all of your extra cash frivolously? Keep contributing to your emergency fund as if you don’t have a limit? Here are some suggestions on what your savings focuses can be after you’ve met your goal.

Pauline @ Make Money Your Way writes Make money with your garden - Here are a few ways you can make money with your garden, by selling your plants, produce or canned goods.

Bryan @ writes 150 Famous Quotes By Famous People - Whether we are trying to improve our lives personally or professionally, we all sometimes need famous inspirational quotes to help us power through the challenge in life. Whether it is life, death, success, failure or money, famous quotes by famous people can provide insight into how to better our lives. Here is a list of the 150 best famous quotes that will inspire and motivate you to achieve.

Mr.CBB @ Canadian Budget Binder writes Budgeting Tips For Low Income Families - A budget does not discriminate so no matter what your income is you can use a budget to account for your personal finances.

Jon @ Novel Investor writes Best Mutual Fund Screener Online - The best mutual fund screener will help you filter through the tens of thousands of mutual and index funds so you can build a solid portfolio.

And there you have it!  Great posts from the week of 8/12-8/18.  Until next time!



  1. Wow, this is a great list of articles, I can't wait to start reading them! Thanks for mentioning my $25 giveaway. I really appreciate the support!

  2. Thanks for sharing that story. It's true that so many people want to learn more before they even understand what they have taken in. They fail to see the cup is already full.