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Profitable Ideas: A Grandmother’s Rich Legacy, The 1% Rule for Rental Real Estate, and More

Weekly roundup of recommended personal finance articles from around the web.

Can’t take it with you (Young Money). I love this story about a grandmother who did much of her “givin’ while she was livin’” and was all the richer for it.

5 things to teach your kids about money and happiness (Kiplinger). Kids can learn important lessons about money at an earlier age than we sometimes assume. See also, 5 things my parents taught me about money (Art Rainer via MoneyWise).

Lessons from a no-spend month (This Evergreen Home). It was good for this couple’s finances, but that wasn’t the most important benefit.

Should you invest in a rental home? Here’s Clark’s 1% rule. (Clark Howard). A helpful guideline for all who seek to own investment property one day. See also, Before you buy a fixer upper house, read this (realtor.com).

How minimalism saved our family of seven from financial ruin (Becoming Minimalist). At a certain point, all the stuff we own can start to own us.

Want a new car? Ownership costs are way up, so plan to spend about $900 a month on it (USA TODAY). This is why it makes the most economic sense to keep cars a long time—at least 15 years beyond their model year is a good target.

Life is not a game (Get Rich Slowly). All of the relationships and pursuits that really matter in life are “way too important to be trivialized by turning them into a game.”

5 reasons Christians should be known for sacrificial generosity (Art Rainer). Seen from these perspectives, living generously becomes a natural expression of our faith.

To weigh in on any of the above, just leave a comment below. And if you haven’t done so already, sign up for a free subscription to this blog.

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