Happy Financial Wellness Month!

Happy Financial Wellness Month!

As Financial Wellness Month winds to a close, this is a good time to reflect on your goals - for the new year, and for the rest of your life.

Purdue University provides some helpful money management resources here: https://www.purdue.edu/dfa/students/moneymanagement/.

The Consumer Financial Protection Bureau provides a brief survey to help you assess where you stand: https://www.consumerfinance.gov/consumer-tools/financial-well-being/

Here's to a healthy and successful 2023!

Links for Jan 2023

Links for Jan 2023

Enjoy this food for thought during the depths of winter! (At least, winter in the Northern Hemisphere. To readers in the Southern Hemisphere, such as Australia, New Zealand, and South Africa - we're all jealous of you, enjoying the nice summer weather!)

Without further ado:

These should induce rage among young people, and should probably induce rage among older people on behalf of younger people. But unless that rage gets converted into productive action, I'm not sure how much good it'll do.

• https://www.supermoney.com/average-millennial-income/
• https://www.businessinsider.com/income-increase-young-adults-less-than-housing-tuition-costs-2019-9

Great reminders from Darius Foroux:

• https://dariusforoux.com/money-fallacy/
• https://dariusforoux.com/money-principles/

A couple worthwhile lessons from the book The Millionaire Mind, written by Thomas J. Stanley, author of the bestselling The Millionaire Next Door: https://limpression.org/the-millionaire-mind/

Since crypto and FTX is in the news, I'll include these from CNBC:

• https://www.cnbc.com/2022/12/13/live-updates-ftx-collapse-house-lawmakers-hold-hearing-following-arrest-of-founder-sam-bankman-fried.html
• https://www.cnbc.com/2022/11/15/cryptocom-customers-worry-it-could-follow-ftx-ceo-reassures-them.html

And I'll issue a reminder of my Bitcoin analysis from 2018, which still holds today: https://froogalstoodent.blogspot.com/2018/01/should-you-invest-in-bitcoin.html

Stumbled across this interesting piece on Wikipedia. Speaks to how interconnected the world is, as well as providing yet another lesson in the dynamics of stock market bubbles: https://en.wikipedia.org/wiki/2015%E2%80%932016_Chinese_stock_market_turbulence

An essay by Michael Crichton, published in 1993! https://www.wired.com/1993/04/mediasaurus/

'Our kids say our small house is embarrassing.' Spoken like people that didn't have to pay for anything: https://www.marketwatch.com/story/our-kids-say-our-small-house-is-embarrassing-my-husband-and-i-earn-160k-have-1-million-in-retirement-savings-cook-at-home-and-drive-an-old-honda-are-we-missing-out-11673356853

• Sounds like these kids need to read The Millionaire Next Door, so they can learn how wealthy people REALLY behave!