Carnival of Personal Finance – Thinking about Labor


Thoughts on labor - carnival of personal finance

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Carnival of Personal Finance and I have decided to publish this week’s edition on a Wednesday as an exception, because Monday was Labor Day! Hope everyone had a fantastic long weekend, and we apologize for anybody who were waiting on this week’s edition forever on Monday or Tuesday.

As Monday was Labor Day, I wanted to spend this week’s edition Thinking About Labor. Labor is probably the main source of income for the majority of readers, and trying to manage income well is why we blog about personal finance after all.

Coincidentally, there were a lot of great submissions talking about labor. Let’s get started with some Editor’s Picks.




Karin Hernandez from Money Hacker discusses the “Buy American” campaign. The hottest debate around labor for a while now has been on the lack thereof. The “Buy American” campaign basically asks all Americans to buy American products to generate more jobs in the United States. Will this work? Should we participate in this campaign?


Robert Britton, a reader on Boomer & Echo, writes a guest post on how he was able to retire wealthy. He retired on August 23, 2013 – congratulations!


FI Pilgrim at FI Journey writes about how moving to a smaller house can be a financially and emotionally rewarding experience. It’s interesting that each of his purchasing decisions sounds logical to me. I would probably have made the same decision each time, so that makes me value this advice even more.


Love this advice from Investor Junkie. Remember that growing money is a long term journey, so make sure you enjoy the money while you do it! It is probably a tip that everyone knows, but sometimes we are all focused on investing and saving money that it may slip our minds. Have fun spending, don’t burn out, and prepare to be in it for the long haul. You should have fun earning it too.






Should you stay or should you find better opportunities? While a lot of people talk about factors to consider at the moment of making a career move, this post by Miss T. does something different – watch out for pros and cons of being a “lifer” at your job… should you stay at your current job for 15 + years?


4 hour workdays seems to be gaining some popularity these days. For people like me working 16 hour workdays, this sounds way to good to be true. Is this possible? Harry has managed to do this by working full-time on his online gig as a freelancer. If working as a freelancer meant that you can set your own schedule and work 4 hour workdays, would you do it? Do you view work as an extension of life or just a means to an end?


TTMK from Tie the Money Knot discusses how people are unaware of the consequences of the actions they take when they decide to be a stay-at-home parent. The longer you are outside the workforce, the harder it is to get in. In this post, labor is like a license to be included in a culture of..well.. labor. Read more at The Career Impact of Becoming a Stay at Home Parent.


Interesting post by Daniel on MakeMoneyMakeCents – can having more sex help you make more money? Whether this is a coincidental correlation or a causation one way or the other, I will leave that judgment to you.


Daisy from When Life Gives You Lemons, Add Vodka. presents I Doubled My Income (Using Side Hustles), and says, “Daisy loves side hustles, and during this past month, despite being on vacation for at least half of it, she doubled her income and then some. ”


Vanessa spends only $1100/month… INCLUDING rent. Living in Chicago, this sounds like an impossibility to me. She also points out that she loves earning her small salary for doing what she loves rather than earning a high salary doing what she would hate. She definitely has an apprach to labor. Find out how she does it on


Emily from Evolving Personal Finance writes about her not-so-pleasant experience of receiving an email titled “Pay Decrease.” Turns out that her “nature” of labor has changed, even though nothing she does for her job has changed one bit.






Great retirement advice from Lenny at Best Money Saving Blog. Don’t start collecting your social security checks until you reach your full retirement age.


Bob at Dwindling Debt talks about things to consider when you are thinking of working another year before retiring. Can you get out of the “work one more year syndrome”?


Roger Wohlner from The Chicago Financial Planner presents Is a Variable Annuity Right for You?, and says, “What type of person is a variable annuity a good product for? Let’s analyze this question.”


Michael Kitces from Nerd’s Eye View presents Do Today’s Guaranteed Living Benefit Annuity Riders Really Offer Enough To Be Worthwhile?, and says, “Using variable annuities with guaranteed retirement income riders have been increasingly popular in recent years. Yet as the guarantees become more expense, returns get lower, and the contracts become more limited in their investment options, do today’s guarantees really offer enough to be worthwhile?”







Michal from Humble Investors discusses what it means for you to be an ‘investor’ vs. a ‘saver.’ I really like this quote he cited: “There is a one-word difference between an investor and a saver – fear.”


Barbara from Barbara Friedberg Personal Finance brings up a new idea on how to invest. Basically you calculate your future living expense, and set that aside in a safe investment.. she also recommends what she considers a safe investment.


Jason Hull from Hull Financial Planning writes about an interesting concept – does put you in a disadvantage using the ‘anchoring effect’?


Not sure if this is at all applicable now with the Syria crisis..but useful neverthless. Read stock advice from Divident Growth Stocks, focusing specifically on high yield energy stocks.


Pauline from Make Money Your Way shares simple rules you can use to find the rental property that will be a great investment.


Jon from Novel Investor explains what a Closed End Fund is, and when it should be used as an investing option. Would this be your next thing to try out?







Harry Campbell from Your PF Pro presents Citi vs Chase Checking Comparison – Who Wins?, and says, “This is the third and final article in my series comparing Citi and Chase Checking accounts. To recap: since I have my mortgage with Citi, I was able to sign up for their mid-level Citibank Account Package and avoid fees. With Chase, I signed up for their lowest level Chase Total Checking and maintained a $1,500 balance to avoid fees. Since I use Ally as my primary banking source, I’m really only looking at Citi and Chase as a secondary banking option for whatever emergencies might come up.”


Mrs PoP at Planting our Pennies talks about the charitable donation encouragement at work and what to do when this becomes a stress.


Jon from DebtRoundUp shares his story of having been in a large pile of debt and how he paid all of it off.


Evan from My Journey to Millions links the biological instincts of men and women and connects it to why credit scores matter more for women when they are looking for a romantic partner.


Hustler on Hustler Money Blog presents Save Money at Starbucks: Free Drinks, Discounts, Coupons, and Gift Certificates. I love starbucks. Let me add one more tip here – buy a reusable cup from Starbucks for $1, and they will give you 10 cents off of every drink you buy with that cup.


John from CardHub discusses if the personal finance advice from researchers are making an actual impact on people’s habits. Find out what the academics are saying on this topic.


Booking a flight with the miles you earned is not as hassle-full as you think. Listen to tips from Eric at NarrowBridge Finance here.


Although this topic has been talked over many times,  Matt at Budget Snob still had some new tips for me. Find how you can save with making changes to your home.



With that, here’s the end to this week’s edition of Carnival of Personal Finance. What’s your take on labor?


photo credit: DonkeyHotey via photopin cc


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