I’m out of debt, now what? 35 resources for building wealth.

by Mike

Rather than my typical weekend roundup, I thought I’d do something a bit different this week.

For whatever reason, the majority of personal finance blogs cater primarily to the struggling-to-get-out-of-debt audience. Of course, there’s nothing wrong with that. It’s an important topic, and it benefits multitudes of people.

But what about everybody who’s already out of debt–or who never had any debt to begin with? Where should they (we) turn for quality financial information?

In an effort to answer that question, I’ve compiled a list of several of my all-time favorite wealth-building-related articles from around the personal finance blogosphere.

Arranged (roughly) in order from most basic to most advanced:

The Absolute Basics

  1. What are stocks?
  2. What are bonds?

Investment Accounts: IRAs and 401k’s

  1. IRAs: Roth and The Other Kind
  2. Should I invest in my Roth IRA or 401k?
  3. For self-employed taxpayers: SEP vs. SIMPLE vs. Keogh

Index funds win.

  1. Buy index funds, not stocks
  2. Active Funds vs. Index Funds: The results are in.

Buy & Hold, or Time the Market?

  1. Do not try to “wait until things clear up.”
  2. Don’t wait for things to return to normal. Normal may never return.

Asset Allocation

  1. Asset Allocation: A first look
  2. International diversification is a free lunch. Eat up!
  3. How to build your own ivy endowment portfolio using ETFs

College Funding

  1. What is a 529?
  2. Finding the best 529 plans.
  3. Why we send our kids to expensive colleges
  4. For Canadian Investors: RESP (Registered Education Savings Plan) reference

Insurance

  1. Why you should buy term life insurance
  2. How much life insurance do you need?
  3. Is it smart to buy disability insurance?
  4. Long-term care insurance

Behavioral Finance

  1. Investing mistakes explained visually
  2. Do not confuse correlation with causality.
  3. Hindsight bias and how it affects us.
  4. Recency bias (and how it applies to investors)

Financial Systems

  1. Personal finance is not about willpower. Make it automatic.
  2. Keeping a “snatchfile” of important financial documents
  3. Mapping your financial network

Retirement Planning

  1. How to determine your retirement needs in 3 easy steps.
  2. Hitting your peak: Investing guidelines for your 40’s and 50’s
  3. 3 ideas for additional retirement income

Estate Planning

  1. Creating a Will: It’s not as scary as you might think.
  2. How to stretch out your IRA for your beneficiaries
  3. Power of Attorney and Health Care Proxy: Get them in writing.

Keeping Everything in Perspective

  1. The secret about money
  2. Money can’t buy me love.

As always, thanks to everybody for reading. :)

P.S. If you find this collection of articles to be useful, please help spread the word.

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Like Cliffs Notes...for Investing

If you're looking for a brief, plain-English introduction to investing, I'd encourage you to pick up a copy of my book: Investing Made Simple: Investing in Index Funds Explained in 100 Pages or Less.

{ 6 comments… read them below or add one }

ABCs of Investing June 6, 2009 at 12:38 pm

Thanks for the links – looks like a great list of articles.

Mark Wolfinger June 6, 2009 at 1:58 pm

Under insurance, add “Insuring your stock market portfolio”

Obviously, I’d like my blog to be the corresponding link.

Best regards,
Mark

Rob Bennett June 6, 2009 at 4:33 pm

I liked the one called “Investing Mistakes Explained Visually.”

I believe that people take in information only after they have been exposed to it numerous times. Saying something many times doesn’t do any good after awhile because the mind ignores arguments which it has heard before. So I think that a visual “attack” can do a good job of working under the radar.

Rob

Jeff Rose June 6, 2009 at 5:38 pm

Thanks for the mentions! Good roundup. Also, appreciate the comments on Advisor Blogger. Much appreciated :)

Monevator June 7, 2009 at 9:26 am

What a list – you’re going to be doing us all out of blogging, this pretty much covers the lot. ;) Very pleased you felt my post worth including in such company…

Matt Jabs June 7, 2009 at 10:16 pm

I appreciate you covering this topic! Like you said, most PF bloggers write primarily on debt reduction topics, myself included!

I’m eagerly anticipating the day when I can write more on wealth growth and less on debt destruction (another year or so)!

Nice post, thanks for your hard work in putting it together.

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