The Friday Feast ~ the 5th of August

Published August 5, 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: Cashville Skyline, Frugal Rules, Money Boss, L Bee and the Money Tree, The Resume Gap, Pretend To Be Poor, Broke Millenial, NZ Muse, Budget and the Beach and The Billfold.

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Welcome to another Friday! And woohoo, it’s finally August, which means summer is on its waning end of delivering brutal heat to the southwest and football season is right around the corner. That, and we are one month closer to December.

Now, onto the personal finance gems!

First, Cashville Skyline wrote about how to save for retirement without a 401k. Your options are plenty…if you know about them!

And elsewhere, Frugal Rules told us that more Americans own cats than stocks. Wait, what?

My favorite post of the week

My favorite post this week comes from J.D. Roth over at Money Boss who argues that today’s financial advice from so-called finance experts is flat asinine.

“This “rule” estimates how much money you’ll need by using your income as a starting point. The 70% ratio is commonly used, but plenty of places use 80% or 90%.”

Ludicrous, Roth said. “It’s like trying to guess how much fuel you’ll use on a trip to grandmother’s house based on the size of your vehicle’s gas tank!”

Roth argues that our retirement needs are a direct result of our spending, not income. “Forget the “70% of your income” bullshit when planning for retirement. Use 100% of your current expenses instead.”

More from the personal finance community

L Bee and the Money Tree teaches us how to talk about money with our loved ones.

Over at The Resume Gap, Matt answers a question that tickles many a curious mind: How much does Van Life cost?

Also, Pretend To Be Poor wrote about how to pursue happiness. Can it be pursued directly, or does happiness find us?

Lastly, Broke Millennial asks an interesting question: Are you your parent’s retirement plan?

Honorable mentions: NZ Muse postulates: Yes, you need both love AND moneyBudget and the Beach wonders how much they should spend to upgrade an apartment, and lastly, The Billfold says that how they spend their money is none of our business.

Photo of the week

Next weekend we are camping again out at the Gilbert Ray campground west of Tucson. We spent a weekend there a few months ago too where I captured this late evening shot of Charlie, Clifford and the surrounding desert wilderness.

Looking down the Baja California coast

Coming up in the week ahead on ThinkSaveRetire: On Monday, let’s talk about these deceptively generous vacation policies that some companies offer, and on Wednesday, I’m getting some thoughts down on digital paper about where we might travel during our first summer of retirement.

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

We track our net worth using Personal Capital



Comments

14 responses to “The Friday Feast ~ the 5th of August”

  1. Happy Friday Steve! Thanks for the round-up and so psyched JD is back and writing some great stuff! Your Composting toilet video was AWESOME and the hubby definitely gave it two-thumbs up. Checked out the Airstreamin’ site and vlogs too. Both of you are excellent in the videos (and your dog is cute as anything too!) Definitely followers now as we will be amateur campers next fall if all works out!

    • Steve says:

      Thanks for the kind words, Vicki. It’s truly fun to make videos…especially when you have dogs that make excellent subject matter! 🙂

  2. Thank you so much for sharing my post, Steve! I’m in great company here 🙂

  3. Matt Spillar says:

    Another great Friday Feast! Really enjoyed JD Roth’s article, he hammered home such a powerful message in that short post.Too often retirement projections are based on income instead of spending, and it’s crazy. Enjoy your weekend Steve!

  4. Arrgo says:

    I’m starting to wonder if I am visiting TSR for the articles or the great pictures? 😉

  5. Thank you for putting this list together. Haven’t considered the other options of saving for retirement without a 401k but that’s what I love about reaching early retirement, there’s more than one way to skin a cat!

  6. Great list, Steve! I really like how JD set those financial gurus straight on their retirement advice!

    And, I love the camping pic! Our camping post is coming up in a week, but our photos pale in comparison to yours. Gorgeous!

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