Weekend Roundup for May 19, 2008

No Debt Plan is a blog about living a debt-free life. If you're new here, you may want to subscribe to my RSS feed (e-mail subscription also available). Learn more about me, or some of my most popular posts. Thanks for visiting!

Living Almost Large has a stockpile of non-perishables. Do you stockpile?
Girls Just Wanna Have Funds talks about gender equality.
Get Rich or Die Trying put up a post about his wedding (which was Saturday). They targeted to only use $2,000 for the wedding (not including engagement ring, but including wedding bands). That is very, very impressive. Unfortunately GRODT seems to be down right now — I can’t access the site — and if he is on his honeymoon it will be quite a bit before he and his new wife come back.
Our Fourpence Worth goes over the many uses for vinegar. This should come in use for us… we tried apple cider vinegar on our hands to get the puppy to stop biting us and she thought it was a new delicious treat to lick off of us!

Get Rich Slowly talks about the Crissy the Coupon Queen… who spend $10/week on groceries for a family of five. Absolutey nuts!
7 Million in 7 Years thinks paying off your house early is a dumb move. I’m not 100% sure I agree, but I can see the point.
The Carnival of Personal Finance is up at Money and Values. My post, Money’s Only 7 Investments You Need is Wrong, was included.
The Carnival of Debt Reduction is up at Prime Time Money.

Consider sharing this post with others:

JB

Thanks for the mention Kevin! My site must’ve been down just for a minute.

May 20th, 2008
AJC @ 7million7years

Thanks for the mention; to clarify, it’s a binary decision:

1. Want to wait 20 years and try and retire on $1,000,000 savings (worth about $15k in today’s dollars, indexed for further inflation after you retire)? Then I agree with you.

2. Want to retire sooner/richer? Then you have no choice but to do what I suggest.

Of course, there is a third option: win the lottery or die young

May 21st, 2008
AJC @ 7million7years

I should clarify 1.

$1 Mill. in 20 years generates a “safe withdrawal rate” of $30k p.a. which is only ‘worth’ $15k p.a. in today’s dollars (e.g. all else being equal, gas will be $7 a gallon; bread $5 - $10 a loaf, etc.).

3% - 4% inflation means that that value of your money roughly halves every 20 years (21 years @ 3% … 18 years @ 4%).

May 22nd, 2008