Links for April 2017
Financial information that everyone, especially (but not only) young people, should know: http://www.youngadultmoney.com/2016/07/25/10-financial-basics-everyone-should-know/
Are you trying to substitute money for something else in your life? It won't work! Wisdom from Mindfully Spent: https://www.mindfullyspent.com/home/money-cant-fill-a-hole
Millennials: having trouble paying off your student loans? Sound the alarm! Treat your debt like the emergency it is; pay it off like your hair's on fire!
Speaking of Millennials, I'm a big fan of Roth IRAs, and so is this author and financial advisor: https://www.forbes.com/sites/timmaurer/2017/02/22/why-every-millennial-should-consider-funding-a-roth-ira/
Have a website? Are you sure it's protected? https://medium.freecodecamp.com/hackers-stole-my-website-and-i-pulled-off-a-30-000-sting-operation-to-get-it-back-143d43ee3742
Your 401(k) is probably underperforming: http://doesthatmakecents.com/your-401k-is-a-scam/
Wanna invest? A basic understanding of how the market works can help you achieve your goals faster: http://www.parcompounded.com/2017/02/12/stock-market-basics-understanding-how-to-invest/
-A compelling argument for simplicity: http://blog.independenceadvisors.com/simplicity-can-pay-
-And why you'll never hear about the benefits of simplicity from the financial industry:
Can you game the stock market with this simple trick? http://www.signalplot.com/index-front-running-what-happens-when-a-stock-is-added-to-an-index/
-Perhaps, but I wouldn't recommend it. This is a potentially profitable but very labor-intensive approach—and an unnecessarily risky strategy, to boot!
What is financial independence? Here's a good summary (or a reminder, if you already knew about it): https://cash-fasting.com/2017/03/10/what-does-it-mean-to-retire-early/
You may be better-off by changing jobs: http://www.zerodayfinance.com/strategically-change-jobs-to-save-more-faster
Don't let paralysis cost you money: https://www.nytimes.com/2015/07/12/upshot/investing-in-the-dark-the-biggest-cost-of-fear-is-paralysis.html?_r=1
Find another source of income! If it's good enough for Jay Leno, it's good enough for you too: http://www.cnbc.com/2017/03/16/jay-lenos-brilliant-money-saving-strategy-is-something-anyone-can-try.html
Can you negotiate a sabbatical from your job? It might not hurt to give it a well-thought-out try: http://b2b.meetplango.com/2009/09/circumstances-negotiating-a-sabbatical/
Yikes! Don't be like this guy: https://www.learnvest.com/2017/02/im-29-and-my-mom-and-dad-still-help-support-me/
-But some good advice here: https://www.learnvest.com/2015/05/5-things-every-new-grad-needs-
Not all index funds are low-cost: http://www.mymoneyblog.com/high-cost-index-funds-low-cost-active-funds.html Another reason to invest with Vanguard!
Advanced investing tips: https://medium.com/@bernardg/4-things-i-learned-at-hedge-funds-that-can-help-you-invest-better-2e89d114f78e#.dfl5uovqo
Retirement is your own business; nobody else's. Take care of it without expecting anybody--including the government--to bail you out. https://freethepeople.org/article/retirement-nobodys-business/
Advice to live by at the bottom of this piece: http://jlcollinsnh.com/2014/01/14/case-study-7-what-it-looks-like-when-everything-financial-goes-wrong/
Compound interest is like the Hulk. Make sure the Hulk is working for you rather than against you: http://www.ivigilante.com/taming-the-hulk/