Profitable Ideas: How to Avoid Raising a Spoiled Kid, Traveling Light (Through Life), and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently.

Four ways to avoid raising spoiled monsters (Reuters). How a little tough love can pay dividends.

Does your kid need an IRA? (Wise Bread). The author of this one seems somewhat suspect, but the advice is solid.

What if you sold 10 percent of Apple in 1976, like co-founder Ronald Wayne did? (Washington Post). Lessons from the sad saga of Apple’s third co-founder.

Some online bargains may only look like one (NY Times). Learning to be wary of that “largely fictitious concept” known as “list price,” and why it pays to comparison shop.

At Purdue, student aid based on future earnings could revolutionize college debt (Washington Post). Some call it a form of indentured servitude. Others call it creative financing. What’s your take?

When your dream school accepts you (but only online) (Fast Company). Online education was supposed to be a game-changer. So far, it’s a mixed bag.

The secret shame of middle-class Americans (The Atlantic). This article is getting lots of play on social media. There’s a lot to think about here, but what stands out to me is the need to honestly assess whether our use of money (and the image we project as a result) is in synch with the truth of our financial situation. It’s a lot less stressful—and less expensive—to keep the two in synch.

Having a pilgrim mentality about money and possessions (Eternal Perspective Ministries). Living out the biblical call to travel light.

To ask questions or give feedback about any of the above articles, meet me in the comments section.


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