Profitable Ideas: This Might Get You Audited, Building Wealth the Boring Way, and More

Weekly roundup of some of the best personal finance articles from around the web.

22 IRS audit red flags (Kiplinger). It’s always struck me as odd that people who give especially generously are more likely to be audited.

Rationality in investing (Retirement Field Guide). Taking a long-term perspective will be better for your portfolio, and your sanity!

It’s okay to build wealth slowly (A Wealth of Common Sense). You’ve probably seen the headlines about people who quickly became millionaires by investing heavily in Tesla or Bitcoin. A boring path is more likely to succeed. 

Here’s why car thefts are soaring (hint: check your cup holder) (NY Times). How today’s tech is making it easier to lose your ride.

Don’t toss it, fix it! Europe is guaranteeing citizens the right to repair (Reasons to be Cheerful). Planned obsolescence has created a “Buy, throw away, and buy again” culture. Here’s a solution being tried overseas.

The average credit score in America is… (Clark Howard). That three-digit number is your financial reputation. Do you know yours?

Only 39% of Americans can afford a $1,000 emergency expense (CNN). If the pandemic hasn’t claimed your job, you’re likely spending less on things like travel and entertainment. It’s a good opportunity to build a solid emergency fund.

Eat the frog: how predecisions can help you stress less & accomplish more (Becoming Minimalist). Good ideas that apply to our careers and so much more.

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