Fox Business asks if it's possible to retire in your 30s or 40s. They answer it in two ways: 1) you shouldn't really even try and 2) it's very difficult.
But they do have some thoughts that I like including these:
"I'm all about retiring early if you can afford it, though I like to think of early retirement as financial independence or financial freedom," says Cathy Derus, financial planner and founder of Chicago-based Brightwater Financial. She likes the definition that comes from fee-only financial planner Matt Becker of Mom and Dad Money. "He says financial independence is the freedom to make decisions based on what makes you happy instead of what makes you money."
Welcome to this week's edition of Star Money Articles.
ESI Money has some great gifts for the holidays.
Money Boss asks what is the best way for couples to manage money.
Physician on FIRE tells the best way to donate $100k.
Centsibly Rich has alternatives to eating out.
Think Save Retire has a solar powered Airstream.
The Ways to Wealth lists the top 100 posts of 2016.
LinkedIn lists the top five signs you should leave your job as follows:
1) You Hate Going to Work
2) You Don't Respect Your Boss or They Don't Respect You
3) You Find Yourself Searching for Jobs Constantly
4) You are Envious When Others Leave
5) You Experience Issues Away from Work
Ha! I've had all of these signs appear throughout my career. Sometimes much worse than others.
My take on these:
1. I have only had a few jobs where I really liked going to work and that was only for periods of time -- not my entire stay at a place. That said, I've only had a few times when I really HATED the job as well.
Here's a follow up to my post on becoming wealthy by reading.
A reader sent me this study which says reading can actually help you live longer! The highlights:
In other words, reading books helps you live longer (by almost two years). It does so by stimulating our minds.
Here's an interesting post on the benefits of journaling. The part I want to highlight is as follows:
One effective way researchers have found to reinforce learning is through reflective writing. It turns out that regular journaling can be used to train our attention and strengthen neural pathways. As neurologist and teacher Judy Willis explains:
The practice of writing can enhance the brain’s intake, processing, retaining, and retrieving of information… it promotes the brain’s attentive focus…boosts long-term memory, illuminates patterns, gives the brain time for reflection, and when well-guided, is a source of conceptual development and stimulus of the brain’s highest cognition.
Welcome to this week's edition of Star Money Articles.
ESI Money offers some great gift ideas for the holidays.
Bankrate lists the highest earning dead celebrities as follows:
Mashable tells the story of a frugal star, Daniel Radcliffe of Harry Potter fame.
It starts with a guess of how much he's worth (somewhere around £60 million) and then transitions to the fact that he doesn't spend any of it.
The highlights:
"I don't really do anything with my money," Radcliffe told the Belfast Telegraph.
"I'm very grateful for it, because having money basically means you don't have to worry about it, which is a very lovely freedom to have."
"It also gives me immense freedom, career-wise."
From the sounds of it, Radcliffe is essentially keeping his money as a buffer-zone in order to give himself as much creative freedom as possible when it comes to choosing acting projects.
A few comments here:
Here's an interesting article from the NY Times titled How to Pinch Pennies in the Right Places. But to me the piece is more about allocating time properly to tasks that have the biggest payoff.
The article highlights how people often are lured into spending time and effort to get a big percentage off a purchase but may then ignore a better opportunity with a lower perceived "deal" that's actually much more valuable.
Some thoughts that highlight the points:
Welcome to this week's edition of Star Money Articles.
ESI Money lists his worst money mistakes.
The Retirement Manifesto shares the best money advice ever received.
Our Financial Path says shopping makes you happy.
Coach Carson suggests we all slow down.
Finally, my book of the week is Team of Rivals: The Political Genius of Abraham Lincoln Haven't read it yet but I'm dying to!!!
Have a GREAT weekend!!!
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