7 Must Read Financial Advice Websites


My RSS reader is packed. Packed with all sorts of websites. Politics, math, humor, webcomics, you name it. And if you haven’t noticed the trend — you should have after my list of 31 powerful financial advising quotes and the one on financial advisor rates — it’s also packed with financial advice websites.

Each day, I scour the web for finance news and I synthesize it here — so you don’t have to go to the trouble. I’m always on the lookout for the newest piece of financial wisdom that will make both my life and your life easier.

Which is why this site, Top Financial Advisor, is #1 on my list of must read financial advice websites. But given that I write most of the stuff here, I’m seriously biased.

So here are seven of my other favorites.

Mr. Money Mustache

financial-advice-websites-mr-money-mustache

Of all the financial advice websites, my current favorite has to be Mr. Money Mustache. First of all, the author, whose real name is Pete, goes by the wacky pseudonym (you guessed it) Mr. Money Mustache. Only on the internet, right?

Mr. Money Mustache is selling the dream of financial freedom. How can people like you and me get there? According to Mustachianism — what Mustache has dubbed his finance philosophy — by spending way less, and investing everything that we don’t spend.

Mustache argues that frugal people aren’t the strange ones. Everyone else is weird: wasting money on extravagant, unfulfilling, middle-class lifestyles, when they could be saving all that money, and then retire at the ripe age of 30 (like Mustache did.)

For an introduction, see his “Getting Started” page.

Marginal Revolution

Picture of Tyler Cowen, one of the authors of Marginal Revolution.

Picture of Tyler Cowen, one of the authors of Marginal Revolution.

If you want to bone up on your economics knowledge, you can’t go wrong with Marginal Revolution. And when it comes to financial advice and financial advice websites, a solid economic grounding is invaluable. Marginal Revolution is one of the most popular economics blogs out there, and for good reason.

Run by Tyler Cowen and Alex Tabarrok, both economists associated with George Mason University, the site is packed with information and updated several times per day. Ever wonder what the economic theory of price controls has to say about LeBron James? On Marginal Revolution, two world-class economists will tell you.

The blog’s title is itself a play on a piece of economic jargon: marginal, which means “on the margin” or “the next one.” Instead of a typical, radical revolution, a marginal one would be changing the world via small steps. Not so much revolution as slow evolution.

Easily my favorite econ blog.

Planet Money

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I have an addiction. Don’t worry. It’s not a drug addiction. It’s a podcast addiction.

A two or three hour drive can be torture. With a good podcast, it feels like 15 minutes.

Seriously.  You become engrossed in the content of a story, end up learning a ton and, before you know it, you’ve arrived.

And this doesn’t only apply to those peculiar types, like me, who can’t satisfy their mad hunger for forcefully packing knowledge into their head, stuffing it in their like a suitcase that just won’t quite close. No, podcasts are great for everyone. Especially for people looking for financial advice and financial advice websites. I’ve managed to get my whole family hooked on them.

When it comes to financial advice, financial advice websites, and podcasts, the men and women at Planet Money are great. I could spend paragraphs raving about the stuff I’ve learned from them. Maybe I will in the future.

For instance, want to know more about the 2008 housing crisis? One of the best pieces of exposition on the subject is the Toxie series. Or maybe you’d like to know how a shirt is made. They raised almost 600,000 dollars (more than 10x their goal) to bring you that story, too. Traveling as far as Indonesia and Bangladesh. (But not South Africa. If you want a taste of that, try my post on how much financial advisors earn in South Africa.)

Check it out. You won’t be disappointed.

Wise Bread

WisebreadBut maybe heady economic news and discussions about monetary policy are not for you. Maybe you just want to save some more money. Maybe you just want down-to-Earth financial advice websites. No problem. In that case, check out Wise Bread.

The site’s tagline is, “Living large on a small budget,” and the site covers all sorts of different money saving means: Want to attend a wedding for cheap? Wise bread has you covered. Hate budgeting? More tips there. Hell, the site even has articles on exercise, of all things.

Oblivious Investor

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New to investing? Or maybe you know the ropes, but you’re looking to brush up on the finer points. Either way, it doesn’t matter. I’ve got just the site for you. If you want the intersection between financial advice websites and investing info, two words: Oblivious Investor.

The blog is written by Mike Piper, a CPA, who also has a few books available on the whole investing thing.

I love his series on “Investing 101,” especially the post on index funds. Check it out.

Get Rich Slowly

get-rich-slowlyLike a lot of financial advice websites, Get Rich Slowly has a theme that looks like it was teleported from 2002, but that doesn’t mean that the site isn’t full of valuable information. If you’re just looking for non-flashy advice, Get Rich Slowly is the site for you.

J.D. Roth started the website in 2006, and it’s been growing ever since — in both content and readership.

This site is great if you’re looking for financial advice websites that don’t over promise. The site’s raison d’etre is to be the antithesis of get rich quick schemes. No surprise there: A site called get rich slowly that’s about, you know, getting rich slowly.

The Simple Dollar

the-simple-dollarThe Simple Dollar almost doesn’t need an introduction. Almost. The site itself has more than a million visitors per month — that’s more than twice the population of Miami, making it one of the most popular financial advice websites around.

Trent Hamm started the site in 2006, after going through his own financial crisis — this means that it’s a great resource for people who are (temporarily!) in less-than-stellar money situation. Plus, Hamm writes with the sort of panache that says, “I’ve been there, I’ve beat it, and so can you.”

The site’s mission is to be “a personal finance platform you can use to make better financial decisions and grow your bank account.” A message and mission that I can get behind.

A final note on financial advising websites

So those are my 7 must-read financial advising websites. Check them out. If you like ’em, subscribe to them via email or RSS and, hey, after a while, maybe your RSS reader will end up as packed as mine.

theory of price controls
Alex Tabarrok
Alex Tabarrok
Alex Tabarrok
Alex Tabarrok

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