My four goals (the humble dollar); good article on someone approaching retirement, and the goals they have for their money as they “ease into” retirement.
How Rich people go broke (A Wealth of common sense); How do folks like Robert DeNiro lose all their money? What are the mistakes rich people make that cause them to lose it?
The Most Vulnerable Cities (The Irrelevant Investor); The difference between having businesses that need employees on site vs. work that can be done remotely. Also, the variety of businesses vs. “one trick pony” cities.
Slow down … FIRE is not a race (Budgets are Sexy); Goes over the concept of “Coast FIRE” where you reach a point that you don’t have to continue to contribute to your retirement accounts, and eventually you will ge there. So do work you enjoy that just pays the current bills.
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.
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.
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!
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.
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.
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.
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).
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