Welcome to the second edition of the Rich Money Habits Carnival!

In this edition we will highlight the top 5 frugality and success articles out of the tons of money stories we’ve received during the month of February.  May these articles inspire you to live a wealthy and successful life.  Enjoy!

Rich Money Habits Top 5 Picks

• Steve C presents Why Being Frugal Can Only Take You So Far On Your Path To Wealth posted at MyWifeQuitHerJob.com. RMH – A great read on the age-old dilemma of going too cheap.  Steve argues that raising your income by working on your business gives back way bigger returns than the measly saved income you gain from cutting back  expenses.
• Faizal Nisar presents Secret of Success: YOU | Be Truly Happy posted at Be Truly Happy, saying, “Creating money begins in the mind. Once you learn that success is a mindset, you can become rich in any industry.” RMH – Inspiring article on taking responsibility for your own success.  The question at the end says it all, “will you take responsibility for your success, or blame others for your failure.”
• KCLau presents Focus: Achieving Goals posted at KCLau’s Money Tips, saying, “A guest post by Sayeed, a senior manager in a large MNC in Penang on how he achieved his financial goals.” RMH – Interesting article on why we should keep on dreaming.  Sayeed offers 5 tips on how to focus on your dream and achieve it.  My personal favorite – “get 15 minutes a day to read a book, best before going to bed. Develop the habit from there…”
• FIRE Getters presents A Simple Budget That Works? posted at FIRE Finance. RMH – Very helpful tips on how to make your budget “actually” work.  The article aptly describes the problem of budgeting as being “too complex and rigid” while real life demands “flexibility and simplicity.”
• Wenchypoo presents Ending Bureaucracy posted at Wisdom From Wenchypoo’s Mental Wastebasket. RMH – Great article explaining what bureaucracy means.  While reading the article, I couldn’t help but compare it to how big companies “bureaucracies” disguised these things as “processes”…in reality, all these “processes” do is delay you from doing what you really need to do in the first place.

Other interesting articles in this edition

Money Stories

• tristin presents This Is Me ? I Will Become a Millionaire posted at tristinaugustus.com.
• Nathan Bishop presents 100 Best Companies To Work For 2010 posted at The Debt Hawk, saying, “100 Best Companies To Work For 2010″
• MyMaria presents Debt Snowball: Making Progress posted at Frugal Homesteading Blog, saying, “We’ve paid off more than 75% of our debt since we started doing the debt snowball. Here’s how.”
• Credit Shout presents Credit Cards From A College Students Perspective posted at CreditShout.

Business

• Frank Goley presents Why a Business Plan is so Important to your Business Success posted at Business Success Strategies, saying, “The business success strategies blog is written by small business success expert, Frank Goley, the chief business consultant for ABC Business Consulting. Frank has more than twenty years experience helping companies start, grow, turn around and succeed.”
• Eadwine Walter presents Why Are College Students Dropping Their Business Majors? We Give You the Stats. posted at Online University Data, saying, “Ironically, while the economy is in the tank, statistics reveal that the percentage of college freshmen who plan to major in business is at its lowest level since the mid-1970s.”
• Martin Russell presents My Biggest Mistake Starting Off posted at Martin Russell.
• Glory Scott presents Maruti Suzuki to roll out Sports Car ‘Kizashi’ in India posted at Breaking News Online, saying, “Maruti Suzuki India is all set to roll out its sports luxury car, ‘Kizashi’ in the Indian market. The car is expected to be priced at Rs 10 lakh – 13 lakh. It will give a tough competitions to brands like Toyota, Honda, Hyundai, Skoda and Volkswagen.”
• John Paul Aguiar presents Why You Need To Be A Affiliate Marketer Today posted at Money Dummy Blog.

Personal Finance

• Lazy Man and Money presents Seven Things You Must Do to Prepare for An Emergency posted at Lazy Man and Money.
• Roshawn Watson presents Americans Have Loss Financial Hope posted at Watson Inc, saying, “A recent study highlights how Americans have loss hope for getting rich”
• Kathleen Gaga presents One of the most effective ways to energetically attract money posted at Daily Awareness, saying, “You must expect nothing in return. Not from where you give your money nor from any other source. Simply give because you want to give.”
• CreditCardAssist presents Card Issuers Step Up for Haitian Relief Efforts posted at Credit Card Assist, saying, “Credit card issuers have stepped in to assist with Haitian relief efforts by waiving interchange fees on relief donations and donating money to international relief organizations.”
• youngandthrifty presents youngandthrifty joins the ?Million Dollar Club? posted at youngandthrifty, saying, “Youngandthrifty takes the plunge and joins Budgetsaresexy’s Million Dollar Club- whereby members pledge to have rich money habits in order to reach a net worth of a cool million.”
• JJF presents IRS Imputed Interest Rules | IRS Tax Advice posted at The Personal Finance Blog.
• Patrick @ Military Money presents Which Types of Insurance Do You Really Need? posted at Military Finance Network, saying, “This article covers some of the basic types of insurance needed by most people, young and old.”
• ABC presents Income Tax Brackets And Marginal Tax Rates for 2010 posted at ABCs of Investing, saying, “Complete list of income tax brackets and marginal tax rates for 2010.”
• Four Pillars presents Complete Tax Return Myself Or Should I Hire An Accountant? posted at Quest For Four Pillars, saying, “Should you complete your own tax return or hire an accountant?”
• PT presents How to Cook a Better Steak for Less posted at Prime Time Money.
• FMF presents What Your Boss Wants You to Do posted at Free Money Finance, saying, “Your career is your #1 financial asset. This post tells how to make the most of it by delivering the results your boss wants delivered.”
• Colin Robertson presents Making More than the Minimum Payment on Your Credit Card posted at The Truth About Credit Cards.com, saying, “When the new credit card rules go into effect on February 22 (Credit Card Bill of Rights), perhaps one of the most exciting changes will be the way payments are allocated.”
• Joel Ohman presents CARD Act | Credit CARD Reform Act of 2009 | Credit Card Accountability Responsibility & Disclosure Act posted at Credit Card Chaser, saying, “A 5,000 word guide to the Credit Card Accountability, Responsibility, & Disclosure Act of 2009 (CARD).”
• Weddings Affordable presents Wedding Help From Friends and Family posted at Affordable Wedding Planning, saying, “A great way to save money on your wedding is to enlist help from your friends and family.”
• Cathy Stucker presents Finding Money posted at Cathy Stucker, saying, “Know that cool feeling of reaching into your pocket and finding a $20 bill you forgot about? Multiply that feeling by 10′s or 100′s with the tips in this post.”

Investing

• BeaBu presents Are You a Bear or a Bull? Or a BeaBu? | BeaBu posted at BeaBu.com, saying, “Investors, short sellers, and the others – why you should trade on both sides. BeaBu.com is a blog about risk taking, macro trading, and alternative investments.”
• MoneyNing presents Avoid These Five Investment Mistakes posted at Money Ning, saying, “Don’t make the same mistakes I did and avoid the pitfalls with these simple but important points.”
• Abdulrasool Sumar presents How to Retire as a Millionaire with your 401k Plan and 7 Strategies to Achieve Growth of your 401k Plan posted at 401k, saying, “Learn the story of Knute Iwaszko who saved $1 million in his 401k plan with a $60,000 annual salary and paying the costs to raise 5 kids. You do not have to be a Goldman sachs CEO or a whiz kid on Wall Street making millions!”
• Gracie Turner presents The Heaviest Price Tags In Higher Education posted at Online Colleges.net.
• Jasmine Hall presents 100 Best RSS Feeds for Your Financial Literacy posted at Accounting Degree.com.
• Hoven Keith presents Ultimate Guide To Biotech ETFs posted at ETFdb, saying, “ETF investors looking to gain exposure to the biotech sector have a number of options to consider–five to be exact. While there are some similarities between these funds, there are also some significant differences that result in unique risk and return profiles and diverging returns. In this article, we profile each of the ETF options, highlighting the pros and cons of each.”
• Honeypurple presents 100 Important Personal Finance Posts for Women posted at Accounting Degree.com.
• Debt Hawk presents Best Mutual Funds 2010 posted at Best Mutual Funds Now, saying, “The Best Mutual Funds 2010 will be determined at the end of the year. What needs to be evaluated is which ones have the best prospects of having the greatest returns and which one will be consistent.”
• The Investor presents Rebalance your portfolio for your benefit, not the tax man’s posted at Monevator.com, saying, “Rebalancing your portfolio between stocks, bonds and other assets can boost your returns and reduce risk over the years – but don’t reduce the benefits by increasing your tax bill.”
• The Smarter Wallet presents Peer To Peer Lending Sites: Lending Club vs Prosper vs Kiva posted at The Smarter Wallet.
• Steve Patterson presents FastSwings – Blogs – Netflix (NFLX) Continues to Move Higher posted at FastSwings, saying, “If analyst nudge their expectations higher again, the stock should move accordingly. Look for this increase as a chance to buy or look for a slight sell off for your chance to trade the stock long.”
• Patty Pedersen presents Seven Ways to Invest in Auto and Auto Part Stocks posted at AlphaProfit MoneyMatters – Investing Blog, saying, “Auto stocks are a favorite of the momentum crowd. Assets in Fidelity Select Automotive have swelled 20 times from a year ago. This article presents five prudent auto plays including Autoliv and Penske Auto.”

Other

• nissim ziv presents Career Goals: Examples of Career Goals and Objectives posted at Job Interview Guide, saying, “Every now and then we come across people who are unhappy with their jobs. The reasons of their unhappiness may vary – they do not like their work schedule, or they do not like a particular colleague in their office, or even that they do not like their boss. However, these vague reasons actually serve as a cover for the underlying reasons of all dissatisfaction with jobs – the employee is unaware of or has not given thought to his or her career goals and objectives”
• Peak Personal Finance presents Advantage of Having a Tax Professional Do Your Taxes posted at Peak Personal Finance, saying, “It can really pay to hire a professional.”
• Joe Johnson presents How to Be Fashionable on a Budget posted at Fashion Merchandising, saying, “About saving money and resisting impulse purchases when buying clothes.”
• Silicon Valley Blogger presents Balance Transfer Credit Card Tips, Facts and Traps posted at The Digerati Life, saying, “Find out how balance transfer credit cards can help you out.”
• Four Pillars presents How Many Years Should You Keep Tax Paperwork posted at Quest For Four Pillars, saying, “If you have just filed your taxes – then keep your paperwork for a while.”
• Deposit Accounts presents How to Build a CD Ladder (Infographic) posted at Deposit Accounts.
• Rugbygirl Crosby presents Top 50 Sports Business Blogs posted at Sports Management Degree.
• MatthewPaulson presents Tips to Repair Bad Credit posted at Fine-Tuned Finances.
• Billeater presents Foreclosure – Should You Walk Away From Your Home posted at Billeater.

That concludes this edition. Submit your blog article to the next edition of Rich Money Habits Carnival using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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