Friday Night Links: Olympic Medals Edition

by Krantcents · 18 comments

Post image for Friday Night Links:  Olympic Medals Edition

How much are 2012 Olympic medals?  There seems to be variety of numbers, here are a representation of what they cost:  a bronze medal costs roughly $10, silver costs $275 and gold costs $494.  Winning a gold medal takes years of effort and sacrifice. The value of an Olympic medal can be priceless!  Are there any future Olympians out there?

In some ways it is like having the right major in college or graduating from a top university.  Winning a gold medal is little like winning the lottery or landing your dream job.  Of course everything depends on the sport, winning a gold medal in archery is not the same as swimming.  Swimming is not basketball!  If you are really good at your sport and win a lot of gold medals, you are elevated beyond your particular sport.  Some of the super stars like a Michael Phelps receives sponsorships that far exceed the limits of his sport.

The one medal that probably has the highest value is winning the decathlon.  The winner is known as the greatest athlete because he competed in ten (10) events and won.  Winning a gold medal in the right sport can mean millions of dollars.  I think a lot depends on the individual and how he/she can turn it into the millions the medal may promise.  It is up to you to make your own success.  I can also identify the best or my favorite articles of the week.  This makes a good segue to today’s picks for Friday Night Links.

The following articles caught my attention:

Barbara Friedberg Personal Finance  - Las Vegas Vacation Tips

From Shopping To Saving - I Don’t Even Have a Backpack

The Money Principle  - Cuts in public spending is not going to affect front line services!

The free financial advisor - Americans Are Worried About Retirement. Really?

Afford Anything  - How Would Your Life Change If You Had Millions?

The selection of blogs is up to the committee of one established by krantcents as a representative of the Academy of Frugal Journalistic Writers. That committee can be influenced by meaningful comments, signing up for my RSS feeds, backlinks, links, trackbacks, Facebook Likes, Twitter, Re-tweets, Digg, StumbleUpon, delicio, Yahoo Buzz, Google Bookmarks and other social media. If you plan on creating a single purpose political action committee (PAC) to buy advertising on my blog to solely influence the committee, please go ahead! Please understand it will not influence the results.

I read more than five hundred (500) articles a week and I highlight just five (5) in my Friday Night Links.  The 2012 Summer Olympics start today!  Thanks for reading Friday Night Links Olympic Medals Edition.

Photo by:  stratic


Carnival of Fin. Camaraderie at Modest Money
Wealth Artisan’s FinCarn at Wealth Artison
Totally Money Carnival at Money Challenge
Y & T’s Weekend Ramblings at Young and Thrifty
Yakezie Carnival at Passive Income to Retire
Carnival of Retirement at Master the Art of Saving
Carnival of Financial Planning at The Skilled Investor

Thanks for reading Friday Night Links Olympic Medals Edition.





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maria@moneyprinciple July 27, 2012 at 12:41 am

Thank you, thank you, thank you for including my post – my week just became even better.

Krantcents July 27, 2012 at 7:26 am

You’re welcome, I liked how you discussed some of the consequences of the bad economy.

Miss T @ Prairie Eco-Thrifter July 27, 2012 at 7:40 am

I am so excited for the Olympics. I just hope I can still manage to get some sleep and not stay up too late watching events. I was just bagged when the winter Olympics were going on.

Krantcents July 27, 2012 at 7:50 am

Me too! One of my heroes is Jim Thorpe who won the Decathlon and Pentathlon in the 1912 Olympics. The medals were taken away and later returned after his death, but he was remarkable. It is good that the Olympics only occur every 4 years.

Lance@MoneyLife&More July 27, 2012 at 9:29 am

Oh no! I’ve already read all of those articles this week! They were all good ones though :) I will definitely be watching some of the Olympics but I tend to like the winter games better. No curling in the summer games!

Krantcents July 27, 2012 at 10:01 am

There is no accounting for taste! :) I like both Olympics, but I probably like the summer games better. A few years ago, I visited the location of the first Olympics in Greece. Just imagining the historical significance of thousands of years is a little overwhelming.

AverageJoe July 27, 2012 at 12:29 pm

Hey! I made the Friday Night Links! No speech prepared, so here goes: I’d like to thank all the little people, my parents, my grandparents, my best friend Troy, my cat Cooper…..

This is my favorite time every four years. We’re getting up at 5 AM tomorrow to watch the road cycling after staying up late to see the parade of nations.

I like your analogy about getting your own “gold medal.” When I do something well in business my team has heard me say, “I stuck the landing on that one.”

Krantcents July 27, 2012 at 12:45 pm

I always find it interesting how sports metaphors get into our conversation. Now the same sports metaphors are more oriented to the Olympics. For me, there is something about the Olympics that gets me to watch and I particularly the “back” story that the commentators like to include.

Kris @ Everyday Tips July 28, 2012 at 11:39 am

Wow, that is a lot of articles you read every week, I am very impressed!

I cannot imagine what it would be like to win a gold medal. We know someone that went to the trials in swimming. She didn’t make it, but how exciting she even got that far!

Krantcents July 28, 2012 at 11:50 am

Thanks t the internet, I think I read more now than I ever did. The Olympics is the ultimate athletic test on the world stage. I think all of us are tested on a much smaller scale. I think I could only compete in some thing like trap shooting and probably not in the Olympics!

Paula @ Afford Anything July 30, 2012 at 9:45 am

I’m in! Wahoo! Thanks :-)

An Olympic medal may not be worth much physically, but it’s worth a ton in terms of speaking engagements, book deals, coaching jobs, advertising deals, etc …

Krantcents July 30, 2012 at 12:21 pm

Absolutely! I the right sport the payoff can be huge.

Ornella @ Moneylicious August 2, 2012 at 7:27 am

And they have to pay taxes on their winnings.

Krantcents August 2, 2012 at 7:30 am

They may need a tax attorney! The future earnings will dwarf the money paid now in most cases.

Jen @ Master the Art of Saving August 2, 2012 at 8:04 pm

I was just reading a post somewhere about the winners having to pay taxes on the medals they win. I just never thought about that before.

Thanks for the links to check out. :-)

Krantcents August 3, 2012 at 6:52 am

I heard that too. Time for the CPA/tax attorney to solve that.

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