Money Roundup: The '91 Mazda Edition

by Michael on Sep 22, 2012 · 1 comment

Before jumping into this week’s links, I wanted to point out a cool story about Redskins rookie RB Alfred Morris. After playing for Florida Atlantic in college (and going 1-11 in his final year), he was a lowly 6th round pick in the 2012 NFL draft.

Despite these meager beginnings, he was named an opening day starter and was tied for the NFC lead in rushing touchdowns going into this week. And yet he still drives his ’91 Mazda 626 to work each day. The Blue Book value on this vehicle is less than $1200 — and that’s assuming it’s in perfect condition.

According to Morris, the car helps keep him grounded and helps remind him of where he came from and how hard it was to get where he is today. While I’m sure he’ll upgrade at some point, this is a fairly impressive show of financial discipline.

Sadly, I wasn’t paying close enough attention and missed the chance to pick him up as a free agent in my fantasy football league. Oh well, there’s always next year…

And now, the links:

  • My Trip to a Storage Wars Auction – This is an interesting story about Lazy Man’s experience bidding on self-storage units that were being auctioned off (due to non-payment) in their area.
  • How to Save Money by Keeping Good Records – Another good story, this one about how FMF saved a bunch of cash by keeping good service records and getting his car fixed out of warranty for a previously mis-diagnosed problem.
  • Is Rebalancing Market Timing? – Mike Piper delivers a nice piece about why rebalancing is important, and why it’s not market timing (in the classic sense of the term). Word to the wise: rebalance when things get out of whack.
  • Citi Price Rewind – I had no idea that Citi had rolled out a price protection service. Unfortunately, you have to manually enter your purchases so it’s kind of a pain in the butt to use. Still, a nice option — especially for large purchases.
  • What Makes Something An (Alternative) Asset Class, Anyway? – Michael Kitces talks about the difficulties associated with identifying uncorrelated asset classes with which to diversify your investment portfolio.

Have a great weekend!

1 Mike Piper September 22, 2012 at 4:47 pm

Hi Michael. Thanks for including my article in the roundup. I enjoyed Michael Kitces’ post as well. I only recently started reading his blog, but I find him to be quite insightful.

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