Take 5: A Roundup of Reads From Around the Web

A look at five interesting personal finance posts from other bloggers around the Web. This week: safeguarding your career move, the election and taxes, making your hobby profitable, investment strategies, and avoiding the stress of meal planning.

Better Investing

1. Safeguarding Your Career Switch

[Get Rich Slowly] Kristin Wong details her risky career move and explains which steps she took to minimize the financial risks. In addition to conventional tips like having a backup plan and being open-minded, she also found a way to earn cash while she “avoided burnout.”

2. Barack Obama, Mitt Romney, and Taxes

[Bargaineering] Miranda Marquit outlines the tax plans of President Obama and Romney. Read on for the specifics before you head to the polls. Just remember that these plans would have to get through Congress to be effective.

3. How to Turn a Hobby Into a Business

[GenXFinance] There’s a lot of risk that goes into starting your own business, but doing something that you’re passionate about can have benefits far beyond monetary value. Of course, making this endeavor profitable would be nice too. Read on for some tips – from handling taxes to promoting your services – that can help make your dream not just a reality, but an income booster.

4. Passive Investing Vs. Active Investing

[The Digerati Life] Todd Smith weighs the pros and cons of passive and active investing – which has been a common debate on Wall Street and in academia for years. He goes on to say that more often than not, a passive investment style remains the better option. Check out his article to hear his case.

5. Avoid Dinner Stress: Pay Someone to Plan Your Meals

[Wise Bread] Wish you could hand your family’s meal planning duties off to someone else? You may just be in luck. Aaron Crowe digs into a website that offers meal planning (for a price), and says the benefits have been well worth it. The site informs him of which ingredients to buy each week, how to avoid buying more food than he needs, and offers easy recipes. He goes as far as saying it’s been a “godsend.”

Stacy Johnson

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