Super-Charged Tip: Great Personal Finance Sites

Financial wisdom is one of the key characteristics of a super-charged life. However, we aren’t born knowing how to handle money. In addition, many of us didn’t grow up with particularly good role models for how to live modestly, invest regularly, and build wealth. Therefore, it is important that we take the time to educate ourselves. There are many good websites that offer sound financial advice, but there are also some that I wouldn’t go near. Here are a few cautions inspired by Dave Ramsey that I would offer:

1. If it sounds to good to be true, then it probably is. I’m sure you’ve heard this one before, but it is worth emphasizing. It is easy to get caught up in the hype, but always step back for a moment and ask yourself if what you are hearing or reading sounds to good to be true.
2. Never, never, never put your money into something you don’t understand. If you do not thoroughly understand an investment, then do not put your money into it. Take your time. If you just don’t get it, then it probably isn’t the right investment for you.
3. Seek professional advice. Always seek the advice of a competent, qualified professional to guide you with your finances. Interview these people and be sure they have a heart of a teacher. If they make you feel dumb or belittled in anyway, then move on to someone that will help you understand what you need to know.

Okay, now that we have the cautions out of the way, here are some sites that I think you will find very beneficial:

• Get Rich Slowly – Personal Finance that Makes Cents
• The Wisdom Journal – Life, Money, Business, and the Pursuit of Balance
• Frugal Dad – Making Frugal Cool Again
• The Simple Dollar – Financial Talk for the Rest of Us
• Wise Bread – Living Large on a Small Budget

I think you will find some great ideas on these sites. Please take a moment to visit them and let me know what you think by leaving your comments.