Links for March 2017
F-you money: good for employees, bad for employers: http://jalopnik.com/google-paid-fuck-you-money-at-self-driving-car-projec-1792306694 You'd be wise to get some f-you money yourself.
Is a penny saved a penny earned? No: https://www.financialfixation.com/single-post/2017/01/11/A-Penny-Saved-is-Not-a-Penny-Earned
How to raise your kids to become financially independent: http://www.inc.com/marla-tabaka/want-your-kids-to-become-financially-secure-adults-parents-of-todays-wealthy-did.html
-Schools are failing in their primary goal of preparing kids for the real world, because
they are ignoring the most important educational topic of all: money! http://
-But what should we expect when the government can't rein in its own spending?
-Speaking of which: one tragic but real result of massive student debt is suicide:
Here's how a 28-year-old who retired is investing: http://www.forbes.com/sites/mayakachroolevine/2016/12/27/how-a-28-year-old-who-retired-with-a-2-million-net-worth-is-investing-in-2017/3/#3dac25e655b7
Jack Bogle is the founder of Vanguard Group and a major popularizer (though probably not the originator) of the 'set and forget' idea of investing in index funds. His advice is absolutely worth considering: http://www.marketwatch.com/story/jack-bogles-secrets-to-becoming-a-winning-investor-2016-12-20
-A gem of a quote from this piece:
Another Bogle gem: "Don't try to find the needle in the haystack. Just buy the haystack."
What's the one word that makes it easier to budget and to say no to yourself? http://www.mslizmoneymatters.com/?p=4540
Working at a 9-5 job 5 days a week for 40 years makes little sense! Here's why: http://escapingtofreedom.com/9-5/
But should you really pursue your passion as a career? http://www.getrichquickish.net/2016/07/work-to-earn-save-your-passion-for-your-hobby.html
Going to buy a car? Read this first: http://www.dollardiligence.com/2017/01/30/5-tips-buying-used-car/
I'm not sure what a "monthly nut" is, but this is how you can trick yourself into building wealth: http://www.businessinsider.com/millionaire-wealth-building-strategy-2017-2
Want to know how you can use index-fund investing to get great long-term performance with minimal fees? Check out the popular SPDR S&P 500 ETF, abbreviated $SPY, with an incredibly low fee of .09%, or the ever-popular Vanguard Total Stock Market Index Fund, with an even lower fee of .04%! Remember that fees drain your wealth, and that Vanguard is working in your best interest.
Invest early. Nuff said. http://www.moneyinthe20s.com/best-financial-advice-every-year-age-22/
-Along those same lines: you can get started, with no brokerage fees, for only $50!
-50/ However, I don't recommend trying to pick stocks, so this might not be the best
approach unless you're really only working with peanuts.
-If you're gonna try to pick stocks, though, this seems like a pretty solid list for starters:
An interesting take on "the rich get richer and the poor get poorer:" http://www.littlebrotherlifecoach.com/2016/11/11/the-rich-plan-better-the-poor-dont-learn/
Interesting data about the saving habits of people in various areas of the United States: https://www.financialfixation.com/single-post/2017/02/09/Average-401k-Balances-by-Age-and-State
Harness the power of compound interest to work in YOUR favor: https://www.financialfixation.com/single-post/2017/01/14/DRIP-Your-Way-to-Wealth
Students and young professionals--are you writing professional e-mails? Check out this advice: http://thecollegecapitalist.com/how-to-write-professional-emails/
Can you still retire early if you have a low income? Well, that depends on what constitutes "early:" http://www.littlebrotherlifecoach.com/2017/02/13/earlyish-retirement-59/
Can't ditch the coffee habit? Here are some solid alternatives to Starbucks: http://www.spendingtosave.com/2017/02/20/save-on-coffee/ But seriously, though, you're probably better off not being addicted to caffeine anyway...