Over the last few years I’ve got to work with and finally meet Muhammad Saleem. He’s a seasoned veteran in the social networking scene and he was nice enough to give me a heads up on his latest project which launched this morning. Tip’d is “A community for financial news, ideas and tips” and works very much like Digg.com where users can vote up (tip it) or vote down (topple) stories the same way you can digg and bury stories at Digg.com. Unlike Digg, Tip’d is focused on stories related to finances, which I’ve recently become obsesses with personally. With all the turmoil in the economy I can’t help be keep my eyes glued to what’s happening and how it is going to effect me, my family and my work.

Digg clones typically don’t do all that great but over the last year or so I’ve seen some notable exceptions like Sphinn. I think Tip’d is going to be one of those sites that breaks away from the shadow of being just another social bookmarking site and be truly useful to the niche it serves. Compelling content, highly topical and expertly managed, Tip’d is poised to do well.