Weekly roundup of recommended personal finance articles from around the web. If this is your first bear market, there’s no need to panic (Bloomberg). For newer investors, this year’s market performance may be a bit jarring. Here’s some helpful perspective. The gift of mac & cheese (Compass). I love this story. I think you will, […]
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Profitable Ideas: Money Strategies for Tough Times, What Retirees Would Tell Their Younger Selves, and More
Weekly roundup of recommended personal finance articles from around the web. 4 things you can do to make sound financial decisions in financially lean times (Christian Stewardship Network). Things aren’t exactly great in the economy right now. Here are some ways to cope. 10 steps you can take to keep advertisers from dictating your life […]
The Life-Changing ‘Magic’ of Simplifying
What does it say about our culture that one of the best-selling books in recent years is about decluttering and organizing? “The Life-Changing Magic of Tidying Up” has sold millions of copies and led to the Netflix reality series, “Sparking Joy.” The book’s author, 30-something Marie Kondo, has been branded the Millennial Martha Stewart. Fans […]
Profitable Ideas: Why We Spend, Minimalist Principles for Raising Money-Wise Kids, and More
Weekly roundup of recommended personal finance articles from around the web. The financial risks of the stories we love (Root of All). Great article that gets at the motivations for so many of our financial decisions. This might look like a long read, but it’ll be worth your time. 8 minimalist principles for our kids […]
Breaking the Cycle of Financing Vehicles
Our home may be our castle, but for many people, their car is an extension of themselves. According to a study cited by Juliet Schor in her book, The Overspent American, nearly half of all car owners see their car as a reflection of who they are. The belief that we are what we drive, […]
Profitable Ideas: Helping Our Kids “Catch” Contentment, Inflation is Coming for Our Tax Bills, and More
Weekly roundup of recommended personal finance articles from around the web. Six practical ways to model contentment for your kids today (Becoming Minimalist). Great ideas for helping our kids “catch” contentment from us. Teenagers should be working this summer (Daily Citizen). Getting our young people working will benefit them in countless good ways. And this […]
Profitable Ideas: Whether Fortune Favors the Brave, Leaving Money to the Kids, and More
Weekly roundup of recommended personal finance articles from around the web. Here’s how much money you would have lost if you bought crypto during Matt Damon’s “fortune favors the brave” commercial (MarketWatch). Beware celebs pitching investment ideas. See also, Coinbase loses half its value in a week as crypto slumps (USA TODAY). How to teach […]
Fuzzy Math: What Constitutes a ‘Deal’?
Imagine you’re in a store thinking about buying a calculator that normally sells for $15 when a salesperson informs you the company’s other store, located 20 minutes away, has the same calculator available with a $5 discount. Would you make the drive? Now imagine the same situation with one exception: the calculator you’re considering normally […]
Profitable Ideas: Defining “Rich,” Fail-Proofing Your Budget, and More
Weekly roundup of recommended personal finance articles from around the web. Are you rich? How the wealthy are defined (US News). How would you answer that question? Retailers use psychology to influence your buying decisions, here’s how (World Economic Forum). What percentage of your typical grocery run do you think consists of impulse buys? 5 […]
It’s Amazing What You Can Get If You’re Willing to Ask
There are two general ways that we all spend money. There’s the stuff we buy infrequently, like cars and TVs. And then there’s the stuff we pay for every month, like the water bill and the cable bill. I have a passionate dislike of monthly bills and I try to avoid or minimize them as […]