Friday, May 25, 2007

Cat Food Tastes Bad

Someday I will be an old woman, maybe even an old crazy cat lady, but I'm really hoping that I'll not be living in a bus with 23 cats and sharing their cat food because I don't think it would taste nice. I'm aiming more for a cozy little home with 1 to 3 cats, food in their bowl but real food on the table, retired with just enough energy and money to travel a bit and generally just enjoy life without having to do the work thing. I doubt I'll be rich (although I am not opposed to it), but if I have all of the above, I'd call it perfect.

There is so much information about money floating around, and I only wish I'd paid attention to some of it right after college (better yet, even before college). I'm sure people told me to, but I didn't really listen because I had no intention of ever getting old. I've become convinced over the past few years that it really might happen, so I've been trying to start doing better, and I've found a lot of good advice in these books:

Young Fabulous & Broke by Suze Orman - Recommended by a friend and such a great place to start, whether you are actually all that broke or not. It's also really great that on suzeorman.com under the YF&B section readers still regularly post on the bulletin board kicking around the ideas in her book. I was cheap and borrowed the book from the library and got the code to be able to access the boards (update 7/17/07: or, if you just enter yf&b on the first access code page, complete the registration information with the access number blank and hit enter, Suze fills it in for you because she wants you to have the information). This book is on my wishlist, though, because it's worth owning, too. Suze has a Money Matters column on Yahoo, too.

The Automatic Millionaire by David Bach - Recommended by same friend who convinced me that even though the title sounded a little smarmy/get-rich-quick, it is definitely not that way at all but actually very common sense and useful. I borrowed this one from the library, too, but will probably buy it someday. David Bach also has an Automatic Millionaire column on Yahoo.

Tons of great articles and information on this site in general, but this is where I learned enough to finally open a Roth IRA quite awhile back as Suze had convinced me I needed to do but still needed just a little more info to launch (well, this, and the discussions on the YF&B boards on her website):
The Motley Fool - All About IRAs

I read some of these fairly regularly, some a little less often than that:

MyMoneyBlog - current favorite, has great reader comments and interaction, too. In particular, I'd already gotten past the fear hurdle of doing high yield online savings awhile back (it was a scary thought at first, definitely, but so far, so wonderful), but this post and some others on his blog were the reason I went ahead and opened some more this past week. 5.00% - 6.00% APY vs. 0.25% APY for money I was keeping in my "regular" savings account is pretty easy, actually. His site is chock full of info and is searchable and well-organized.

I Will Teach You to be Rich
- Another one with one of those kind of names but lots of good and practical stuff

Get Rich Slowly - I even like the name. Often some funny posts, too, like this one that gave me a chuckle.

These are some other columns on Yahoo Finance and updated at various set intervals:

Ben Stein / How Not to Ruin Your Life (on Yahoo) - best name of the bunch, and Ben Stein is just very awesome in general, from way back. Oh, and there's good info there most of the time, too.

Charles Wheelan / Naked Economist (on Yahoo) - more general information, but I check this out once in awhile

Robert Kiyosaki / Why the Rich Get Richer (on Yahoo) - usually an interesting read for some different perspectives

Laura Rowley / Money and Happiness (on Yahoo) - a little more of both is never a bad thing, and she makes some sense

Time to get back to work so I have some money with which to plan my way out of a cat food diet after a long still working work day at age 90.

PS - Nephews of mine, if you read this, be smart and start saving now, even just a little a month to start, even into just a savings account that pays more than the miserable bank down the street, and keep going until you have real jobs and really start investing on top of that. If I'm still around when you are old and saggy, you'll surely give old Auntie a kiss for this nagging because you will have already been retired and basking in the sun for years instead of working longer than needed. The magic of compounding interest is incredible.

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