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Profitable Ideas: Winning the Comparison Game, What’s Missing From Your Net Worth Statement, and More

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

The danger in comparing your financial progress to others (and what to do instead) (The Simple Dollar). No one is immune from the comparison game, but if you know how to play it right, some comparisons can be healthy.

Scare testing your risk tolerance on Halloween (My Money Blog). The scary holiday is over, but it’s still a good time to consider whether you are adequately prepared for a frightening change of direction in the stock market—I’m not saying it’s imminent, I’m just saying bull markets don’t last forever.

Why Americans have stopped eating leftovers (Wonkblog – a Washington Post blog). Food is most people’s third largest expense (behind housing and transportation). If you’re throwing away uneaten food, you’re throwing away money.

Tapping retirement funds in emergency may cause other problems (NY Times). Retirement accounts are fairly easy to raid, but that doesn’t mean it’s a good idea.

Secret price history data: A tool for making holiday and big ticket purchases (The Money Habit). Knowing when a product tends to go on sale can help you time your purchase.

‘I could live simpler’: Floods and fires make Americans rethink their love affair with stuff (Washington Post). Some powerful lessons from people who had to make fast decisions about what to take with them.

Building wealth: Human capital vs. financial capital (Financial Independence Hub). Human capital doesn’t usually show up on a net worth statement, and yet it’s one of your most valuable assets.

3 common retirement regrets you can avoid (Wise Bread). Listening to those who’ve gone before you can yield the best lessons.

What are your thoughts on any of the above? Let me know by leaving a comment below.

Interested in more ideas and encouragement for using money well? If you haven’t done so already, why not sign up for a free subscription to this blog?

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