Smart SpendingSmart Spending

Famed Yankee catcher's advice is worth heeding.

By Karen Datko Sep 29, 2009 4:01PM

This post comes from partner blog The Dough Roller.


The simple truths in life are the most profound. Take Warren Buffett, for example. He can summarize all the investing advice anybody would ever need in a single sentence: "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." And in case you haven't noticed, Wall Street is fearful right now.


Buffett isn't the only smart guy around. It turns out that famed Yankee catcher Lawrence Peter "Yogi" Berra is pretty smart, too. Let's see what seven secrets he can teach us about money and investing.

 

One key to success: Maintain your sense of humor.

By Karen Datko Sep 29, 2009 3:48PM

The ugly economy came home to roost on Kyle's head in the form of a pink slip, so we read with great interest his post at Amateur Asset Allocator called "11 things to do immediately when you get laid off."


Our favorites on that list? Take a vacation, and find a girlfriend/boyfriend. Until now you probably haven't had time for either one.

This post is tongue-in-cheek and fun (bonus tip for the unemployed: Maintain a sense of humor) and it contains lots of wisdom. We'll also review the steps Kyle really took once he was let go from his software company job.

 

Our favorite: Hunting feral hogs.

By Karen Datko Sep 29, 2009 3:23PM

Here's an idea for additional income that never occurred to us: You can make $20 or more an hour by stringing tennis rackets. In fact, Scott at The Passive Dad tells you how to take a crash course.


We all know about selling stuff on eBay and having yard sales. But what about some alternative sources of income that everyone else hasn't thought of, like renting out your driveway as a parking space. Here are a few more.

 

It takes preparation -- not 'think and it will happen' nonsense.

By Karen Datko Sep 29, 2009 3:11PM

This post comes from Trent Hamm at partner blog The Simple Dollar.


Yep, you read that right. Luck.


To me, luck occurs when a positive and fairly unexpected event happens in your life, whether it be financial or otherwise. Thus, improving your luck means increasing the chances of such positive events happening -- and also increasing the chances that you'll be able to take advantage of them.

In other words, there's nothing supernatural about it. No hoping, no holding four-leaf clovers in your pocket, no rabbit's foot or lucky coin. No "think and it will happen" secret nonsense. Just preparation -- nothing more, nothing less.

 

Blogger holding contest for the best response.

By Karen Datko Sep 29, 2009 3:04PM

"DebtKid," feeling buyer's remorse about his 1 a.m. purchase of a Nintendo DS Lite that has since been gathering dust, is holding a contest for the stupidest purchase ever. He's gotten quite a response from readers and other bloggers. The winner will get his DS Lite.


There's also the $5,000 piano "purchased in hopes that one day Mini Me would become Mini Mozart," and Beauty, a hugely expensive bichon frisé that bites and leaves little presents on the floor "to show you she can." Oops, we almost forgot to mention that krninco bought a $200 car seat for the little dog.

 

Changing your driving habits can make a big difference.

By Karen Datko Sep 29, 2009 1:57PM

This post comes from partner blog The Dough Roller.


With gas prices nearing $4 a gallon, saving money on gas is more important than ever. Fortunately, there are a lot of relatively simple and inexpensive things you can do to save money on gas.


What follows is a list of 25 ways to reduce what you pay at the pump.

 

Expert names the 10 strongest professions.

By Karen Datko Sep 29, 2009 1:33PM

This post comes from J.D. Roth at partner blog Get Rich Slowly.


In "The Little Book of Bull Moves in Bear Markets" (which I recently reviewed), author Peter Schiff provides a list of the best jobs to beat the economic collapse he predicts is just around the corner. "I foresee the following as the 10 strongest professions and industries over the coming decade and beyond," he writes.

 

Accounts can be canceled without advance notice.

By Karen Datko Sep 29, 2009 1:17PM

A Wall Street Journal story discloses what may be a surprising fact: Credit card companies can cancel your card without giving you advance notice.


The story relates how a lawyer tried to use her American Express card to pay for a spa treatment and was surprised to learn that her card was no good. The same thing happened to a man who wanted to pay for a sushi meal with his HSBC Cash or Fly Platinum MasterCard. (Both said they have very good credit.)


Many people have encountered similar denials as credit card companies -- facing rising delinquencies and new federal regulations -- "reassess risk" and cancel accounts, the story said.

We have to wonder: Has this happened to you? Is it embarrassing, or do you calmly reach in your purse or wallet for a backup? Shouldn't the card companies be required to give you warning?

 

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

ABOUT SMART SPENDING

Smart Spending brings you the best money-saving tips from MSN Money and the rest of the Web. Join the conversation on Facebook and follow us on Twitter.

VIDEO ON MSN MONEY

TOOLS

More