Take 5: A Roundup of Reads From Around the Web

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1. Do You Think Like a Rich Person?

[Financial Highway] “While it’s tempting to believe that all rich people are lucky, or know the right people, there might actually be some differences in the way that rich people think, especially compared to how you might think.”

I’m not sure I buy into the idea that all rich people share similar thought patterns. I’ve certainly met a few who are as dumb as a post. Nonetheless, this article makes some good points. For example, the rich are more likely to take action than count on luck and are more likely to use other people’s money than their own. Check it out to compare your thoughts with those of the one-percenters.

2. It Pays to Be Happy: 3 Ways to Be More Optimistic

[Frugal Model] “After doing a post on the characteristics of successful people, I became super interested in the idea of optimism fueling success, as opposed to the other way around. Obviously, being optimistic results in a happier life, but how does it directly relate to business success, and how do you encourage and sustain this way of thinking?”

I like to think of myself as optimistic, but I’m always ready to become even more so. This post suggests we try to catch ourselves when we start thinking negatively, convert negative thoughts into positive ones, visualize success and be grateful. It’s good advice. Give it a read.

3. 10 Tips for Dealing With Car Salesmen to Make Sure You Don’t Get Hosed

[Gen X Finance] “Even though you may not be dealing with Slick Willy when you purchase your next vehicle, it is important to remember that they are still in sales and it is their job to sell you something.”

This article has some great tips for dealing with any salesperson. They include things like not providing more information about yourself than you have to, going with a friend, and my personal favorite, “He who speaks first loses.”

4. Why Saving Money Is Easier Than Losing Weight

[Living on the Cheap] “Losing weight is hard, and most people fail. Anyone who has tried to eat less and exercise more has dealt with such Catch-22s as water weight, muscle build and metabolic changes. The relationship between calories in and calories out isn’t as easy as it looks on paper. Let’s face it: If losing weight were easy, Weight Watchers would be out of business. But saving money is a little different.”

For decades I’ve been comparing food to money, using phrases like “saving money doesn’t have to feel like going on a dollar diet.” The author of this article makes the point that extra money is easier to gain than extra weight is to lose. She offers several reasons why. One example: There are a lot of personal variables contributing to your weight, from metabolism to genetics. Money, on the other hand, is comparatively straightforward.

Points taken. Read the story for more.

5. How to Sell Your Old Stuff on Facebook

[Wise Bread] “I’ve recently taken to Facebook to get rid of unwanted items and even pick up a few things that would have been cumbersome to buy through those other online channels. Here is how you can use the popular social networking tool to earn cash and clear your home of unwanted clutter!”

Confession time: While we have a very active Facebook page, I’m rarely on my personal page. In fact, almost never. So much of Facebook is a mystery. You can sell stuff there? News to me.

As it happens, there are local and statewide Facebook groups formed specifically for buying and selling. This article tells you how to find one and what to do from there. Who knew?

What do you like?

We’re always on the hunt for talented personal finance writers and interesting sites. If you’ve got a favorite, let us know below or on our Facebook page! You can also talk to us about anything you’d like simply by hitting “reply” to your daily email update. (Not subscribed? Fix that right now!)

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Comments & discussion

We welcome your opinions, but let’s keep it civil. Like many businesses, we reserve the right to refuse service to anyone. In our case, that means those who communicate by name-calling, racism, using words designed to hurt others or generally acting like an uninformed bully. Also, comments that include links to email addresses or commercial websites typically aren't posted. This isn't a place to advertise your business.

  • M Jackson

    Is it worth it to get a car detailed before revealing it as a trade in? Or is just a basic wash, polish and vacuum enough? Like to hear from people who did one or the other

    • Y2KJillian

      Make sure to get all your personal effects OUT! Also find any owners’ manuals and have in the cleaned-out glove box. I wouldn’t try to sell a dirty, messy car, so a clean-out and wash-up sounds great…but a full detailing? Good Q. Here’s a thought latest from “science…” try a little spritz of real lemon juice in the air after a thorough vacuuming and wipe-down.

  • Y2KJillian

    Andrew Tobias’ book, The Only Investment Guide You’ll Ever Need, is a bible to me and has been for decades. My husband right now is going to take early retirement, funded by the advice in that book. Our Stacy Johnson here is a lot like Mr. Tobias, with good advice in a number of directions. Do I think like a rich person? Yes, I do, in my own small way. I learned a lot from my dad, who left a 2.25 million estate, small cheese by really rich standards, but not bad for a boy from an impoverished single-mother household! Also, I grew up thinking he was very, very stingy! My son thinks I’m stingy, too, and so be it! Viva la frugality!