The Friday Feast ~ the 24th of June

Published June 24, 2016   Posted in Friday Feast

The personal finance community is filled with so many talented writers and inspiring families in search of something better out of life than the traditional society-approved plan of buying lots of stuff and retiring in your 60s if you’re lucky.

Here is a look at the best of this week’s personal finance blogs.

In this episode of Friday Feast: The Simple Dollar, Kristin Wong, Yes and Yes, Millennial Money Man, Money Smart Guides, Debt Roundup, Deals Plus, Wallet Hacks, It Pays Dividends and Reddit.

reading

Happy Friday! And phew, it’s been stupid hot here in the desert southwest. How does 116 degrees sound? Now, try living in an Airstream trailer while enduring those brutal temperatures!

But nah, things are still rockin’ and rollin’ around here, especially when you have a weekly mishmash of personal finance material to read and enjoy from the comfort of your air-conditioned office!

First, The Simple Dollar gives us the straight dope about how money actually works in our society. For example, did you know that having a big tax return actually costs you money?

And elsewhere, Kristin Wong wrote on Life Hacker that financial literacy alone won’t fix your money problems. After all, “if it were as easy as learning some basic math and rules, we’d all be awesome at money.”

My favorite post of the week

My favorite post this week comes from Yes and Yes who wrote this week about how to achieve that often-illusive work-life balance.

“If we’re going to live unbalanced lives, let’s make sure they’re unbalanced on purpose,” arguing that understanding why our lives are the way they are is a key step in achieving balance.

“The more money we spend on non-awesome stuff > the more we have to work > the more unbalanced our lives get > the crankier we are > the more likely we are to self-medicate with $15 Target sweaters we don’t actually want.”

More from the personal finance community

Over at Millennial Money Man, bobby talks about the real reason why they live debt free. “I enjoy spending time with people who are older than me, because it’s like a glimpse into my own future.”

Money Smart Guides wrote about the money lies that we tell ourselves. Like, “I got approved for a mortgage, so I can afford it” and “I still have plenty of time to save”. Right?

Also, Kayla at Debt Roundup reminds us to stop chasing the Jonses because, well, they suck!

Lastly, check out my guest post over at Deals Plus about five things to do after getting a raise at work.

Honorable mentions: Wallet Hacks talks about the most important number in investingIt Pays Dividends wisely recommends that we focus on what we can control, and lastly, check out this Reddit thread about whether or not Tim Ferris’ book “The 4-Hour Work Week” is B.S. or not.

Photo of the week

Here is a shot I got a couple of years ago of an abandoned shack-looking thing outside of Jerome, AZ (we were on our way to beautiful Sedona!).

Clutter within a structure outside of Jerome, AZ

Coming up in the week ahead on ThinkSaveRetire: On Monday I’m discussing seven “truths” that turned out to be myths in my 20s, and on Wednesday, I’m talking about the five super-duper easy habits that early retirees practice every damn day.

Thanks for reading, and cheers to another financially productive week ahead!

We track our net worth using Personal Capital



Comments

16 responses to “The Friday Feast ~ the 24th of June”

  1. Thanks for the round up Steve! And we thought it was going to be hot here this weekend at 90! 116 and being in an Airstream – whoa! Happy Weekend!

    • Steve says:

      Hehe, 90 is still warm, but yeah, 116 was pretty brutal. Luckily it was a dry heat, which does make a huge difference. Standing in the shade seemed to cool things off 15 degrees. In the sun, though…phew!

  2. I need to check out the Life Hacker post. Thanks for sharing and stay cool this weekend!

  3. I always thought a certain self-help guru was BS, and I get convinced to think that way every day. I do like his podcasts though where he interviews all sorts of people.

    • Steve says:

      Me too, Fervent, but I do think that there are some gems to be had…but sometimes you really gotta look for them. I find Ferris to be entertaining, too.

  4. As usual, thanks for the awesome list of weekend reading!

  5. EL says:

    Any cool antique stuff in that shack you found? People accumulate stuff and just leave it abandoned, it doesn’t make sense to me. Well thanks for sharing the links Ill hit up a few.

    • Steve says:

      To be perfectly honest, I didn’t look too hard. We were on our way to Sedona and didn’t want to spend much time milling around. Wonder if it’s still there…

  6. ARBM says:

    That photos is awesome!

  7. More great posts to read, thanks for sharing them all! As someone in their 20s I’m looking forward to Wednesday’s article as well!

  8. Nate says:

    Some really interesting posts on this list, thanks for sharing Steve! Looking forward to Monday’s post.

    Just my humble opinion, but the “The 4HWW BS or The Real Deal?” Reddit thread isn’t constructive – at least not the top few comments. There’s no evidence that the most upvoted commenter actually critically evaluated the ideas on their merits – its just wholesale dismissal and misses a ton of important nuance.

    I do feel like Tim makes some of the ideas in the 4HWW seem easier to implement than they actually are, and some of the book felt self-promotional to me.

    On the other hand, I personally know dozens of people who have successfully implemented ideas like batching, the pareto principle, mini-retirements, “muse” businesses (though no one ever calls them that), delegating & outsourcing to VAs, renegotiating work arrangements, geo-arbitrage, a/b testing w/ paid traffic etc. I’ve implemented a lot of these myself – none of them are a magic bullets of course, but they definitely work!

    Maybe it’s easier to just dismiss the whole book as BS than to actually test and evaluate the ideas on their merits, but imho that’s a lot like dismissing the idea of early retirement in your 30s/40s because it sounds unrealistic.

    • Steve says:

      Thanks for reading the Feast, Nate. I generally like Tim Ferris’ books, in fact. His writing style resonates with me, and I agree on your point about nuance. There is much to learn from his books if one is able to look through the glamorization.

      I suppose it’s easier to criticize.

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