Weekly Digest of Money Management Links (Ending May 2, 2010)

The top 5 stories, blog posts and articles that would be a useful read in helping you manage your finances are as under:

1. Deepak Shenoy’s “The Recession of Trust” is an illuminating read on how your trust for the financial pundits or institutions around you, hoping that things will turn out well, may be misplaced.

2. Ramit Sethi on the 5 groups responsible for our financial illiteracy. His answer: Do you need to be the Iron Chef to cook a grilled-cheese sandwich? No, and once you make your first meal, it’ll be easier to cook the next most complicated thing. The single most important factor to getting rich is getting started, not being the smartest person in the room.”

3. Seth Godin on how consumer debt is not your friend. You might also be interested in Dave Ramsey’s post on the truth about debt

4. Viral Dholakia has a post on Trak.in on the Indian Stock Market going from 18K to 17K.

5. Rohit Chauhan has a post on an arbitrage opportunity for HSBS InvestDirect

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