A Radical Idea: Crowdsource Your Finances

05.15.08 | Money Management | 1 Comment | by junger

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Can the wisdom of the crowds decide how to manage you finances better than you can? I'd love to find out.

Imagine a person who left all of their financial decisions up to "the crowd." From budgeting to investing to spending, their entire financial situation was determined by others.

A number of social finance sites, like Wesabe, have popped up. But they're more about comparing your spending to other people.

What would happen? Could the crowd successfully manage someone's finances?

This would be something really compelling to follow — whether it's a blog or a podcast or whatever. And it's my gift to you — absolutely free to use.

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