No Debt Plan

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PFBloggers:

• The Social Marginal tells us to Plan for the Worst and Hope for the Best. This is a great concept.
• Master Your Card looks into how secure credit card signatures are. Some very interesting findings.
• Girls Just Wanna Have Funds discusses the ups and downs of a recession.
• Living Almost Large asks if men or women cost more. I’m going to be smart and not offer my opinion here.

Elsewhere:

• All Financial Matters is giving away a copy of Charlie Munger’s Almanac. Charlie Munger is a close business partner of Warren Buffet. The giveaway ends tomorrow!
• Also at AFM, a report that 60% of all NBA players go bankrupt within 5 years of retirement. It’s hard to tell if this is true, but if so that’s just pathetic and sad. If anyone has any connections, I would honestly love to be a financial adviser to professional sports players. “Here, you can spend this $2 million this year. That’s it.”
• The Carnival of Personal Finance is hosted by Gather Little by Little.
• Moolanomy asks if credit card arbitrage is worth it. I have been tempted several different times to give this a try, but I just can’t make myself do it…
• Cash Money Life reminds us that money is for spending.
• JD at Get Rich Slowly tells us he is learning to love having an emergency fund. It’s definitely a change of mentality.