Saturday Linkage

May 30, 2020

  1. Its Memorial Day (5am Joel); Honor and remember those who gave their lives for your freedom.  
  2. What its like not having to work on Monday (Clipping Chains); What its like to finally achieve FIRE.
  3. Master Delayed Gratification to achieve FI (Accidental Fire); How  the folks who have mastered delayed gratification are on their way; it’s the first step towards achieving financial independence.
  4. Are we facing a retirement crisis? (Retirement Manifesto); He goes through the dismal numbers of so many folks who have not saved or prepared for retirement. I’d also lump in the fact that the government pension systems in so many states is in dismal shape due to decades of underfunding.
  5. No one ever got rich by being frugal (Retire by 40); Another article that states individuals need to focus not just on being frugal, but on increasing their income, via raises, side hustles, etc. Can’t argue with it.
  6. For Long term investors, stocks are the only option (evidence investor); Similar to my early posting, the article notes that “bonds pay nothing” and “cash is trash.” Only stocks may assist you with the potential of inflation.
  7. How to negotiate a mini-retirement (millennial money); Some things don’t fit into a 2-week vacation. How to go about negotiating an extended time off of work
  8. Three retirement needs you must satisfy (ESI Money); Talks about the three “needs” that jobs inadvertently fill that we need for retirement – structure, purpose, sense of community.
  9. Here comes inflation or deflation (full time finance); Discussion on the potential and resulting situations based on inflation or deflation in the economy.
  10. What to do when the novelty of frugality wears off (The simple dollar); Something in line with the FIRE burnout article I wrote about previously. People should not be so frugal that they forget to live their lives as they pursue FI.

Saturday Linkage

  1. The Amazing tax benefits of early retirement (Can I retire yet); Goes through the tax implications of the last few years leading up to retirement, and how its possible to pay very limited taxes in retirement – even early retirement!
  2. Make Do & use what you have (the three year experiment); Interesting article about using the items you already have and fixing them instead of always buying something new.
  3. Why liquid net worth is so important for your finances (of dollars and data); The majority of net worth for most Americans is tied up in their homes – but you can’t eat your homes. You need to have a significant portion of your net worth is assets you can spend, especially as you move towards retirement.
  4. Low bond returns are nothing new (a wealth of common sense); Article details that bond returns, measured against inflation, were not very good from 1940-1979. The current bond returns appear to be historical.
  5. Revenge of the Latte Factor (Monevator); Arguments against “false –frugality” of David Bach’s Latte Factor
  6. Could the Coronavirus led to larger homes and office spaces (Housingwire.com); My take is that all this working from home will lead to smaller office spaces, more hoteling, etc.
  7. Getting my wife on board with the FIRE lifestyle (Budgets are sexy); The eternal issue of one part of a relationship “taking the red pill,” and then having to convince the other to go along.
  8. What is most important – Earning more, spending less, or investing? (Life outside the Maze); Interesting run down of the numbers
  9. Buying into a Bear Market (Retirment Manifesto); Goes through his strategy of buying over the last several months as the market dropped – and its result.

Saturday Linkage

Sorry its a day late. Was a little busy yesterday and didn’t get it posted.

  • Retiring in times of extremely low interest rates (Can I retire yet); Goes through the historical usage of bonds as retirement assets, and how the current low interest environment is changing the “perceived wisdom” in this regard.
  • Goals vs Systems (Scott Adams Says): The inventor of Dilbert discusses how goal setting is the wrong way to improve – you should create systems in your life that are self-perpetuating (i.e.  instead of “lose weight” set up a system to go to the gym every day).
  • Autumn Spring Cleaning & Lockdown changes (Just Baggage Enough): Things to do while on “lock down” and discussions of how their state is handling the “opening up.
  • The case against value investing (The irrelevant investor): Good argument on why value stocks have not delivered over the last 15 years – not really since the dot.com bubble burst.
  • Potential Problems with Starting a Business in a Crisis (full Time finance); Discussion on some of the reasons you may not want to start a new business during this Corona Virus.  t we do instead (Costa Rica Fire): They don’t budget in advance of spending, but they do track expenses – and adjust as it goes. They are also enthusiastic savers.
  • Is the rise of Indexing bad for corporate governance (Evidence investor); The article lays out how passive investing has been accused of passive corporate governance, letting top 500 company’s directors get away with stuff – but the evidence does not bear this accusation out 

Saturday Linkage

I’ve been doing a lot of reading (like so many others) during the Corona Virus lockdown, and I’ve decided to start a regular Saturday post in which I share the articles and posts from the previous week that interested me. Enjoy!