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Do You Live in a Healthy City?
Money magazine recently listed the healthiest places to live. The top 10:
10. St. Augustine, FL
9. San Rafael, CA
8. Provo, UT
7. Cheyenne, WY
6. Nashua, NH
5. Quincy, MA
4. Woodbury, MN
3. Greenwich, CT
2. Koolaupoko, HI
1. Highlands Ranch, CO
Here's a quote specific to #1:
With the lowest adult obesity rate in the country, Colorado residents are the healthiest in the country.
When we moved to Colorado, we noticed people were outside all the time running, biking, climbing mountains, walking trails, whatever.
Would You Ever Retire on a Cruise Ship?
Here's a piece on how you can retire on a cruise ship for $1 million or less. That in and of itself is an interesting thought and we'll discuss it in a minute.
And before you say it's totally unreasonable to do so, the post claims that retiring on a cruise line is cheaper than assisted living.
Some highlights:
No One Cares More About Your Money than You Do
Consider this a public service announcement.
I recently ran into a piece that asks who you can trust for financial advice. They never get around to answering the question so I will: you can trust yourself.
After that, everyone else, in some form or fashion, no matter how nice/knowledgeable/friendly they are, can't be completely trusted.
And by "completely trusted" I mean you can't simply hand your financial life over to someone and let them manage it for you. YOU must at least learn the basics of personal finance so you know how to oversee the fundamentals of your own finances. Otherwise you're a sitting duck for people looking to make your money their money.
You Can Build a Fortune on a Small Income
I've shared a host of bad news over the past couple months (mostly related to how little Americans know about managing their money), so it's time for some good news.
Here's a piece from Yahoo that tells how a librarian left $4 million to his university. Some details:
You wouldn't know it from his lifestyle, but Morin — who graduated from the University of New Hampshire before working in the school's library for nearly 50 years — was a multimillionaire. In fact, very few people did know, until he died in March 2015 at age 77 and bequeathed his entire $4 million fortune to his alma mater.
Star Money Articles for the Week of October 24
Welcome to this week's edition of Star Money Articles.
Budgets are Sexy lists 19 ways to be better today than yesterday.
Money Boss covers the stories we tell ourselves.
ESI Money asks how much you should spend on a house.
Centisibly Rich tells the story of a reader who has been debt free for 20 years.
Mr Fire Station gives an update on early retirement six months in.
The Value of Education
Fox Business shares some data that highlights the value of education. The highlights:
Based on the assumption of a 40-year work history (from age 25 to 64) and using 2011 dollars for its example, the Census Bureau finds that full-time workers' lifetime earnings capacity soars as their education level rises. Non-high school graduates with a ninth through 12th grade education level and high school graduates in its example bring home $936,000 and $1.1 million in earnings over their lifetimes. Individuals with at least some college experience netted an average of $1.6 million, while those with an associate's degree brought home $1.8 million over their lifetime.
First Year of Retirement Surprises
US news lists five first year retirement surprises as follows:
- It might be stressful.
- It's not a permanent vacation.
- Your relationship with your spouse will change.
- You may need to re-negotiate your division of household responsibilities.
- Your relationship with money will change.
Well, I'm only a few months into retirement but I thought I'd comment on these based on my experience so far:
Become Wealthy by Reading
Here's a great piece that lists some statistics about how reading impacts your finances.
The highlights:
- Individuals who read for self-education earned 21% more, as adults, than those who did not.
- Individuals who developed the habit of reading to learn earned more income, had more assets and had better finances by age 38 then their peers.
- 86% of the rich loved reading vs. 26% of the poor.
- 63% of the rich listened to audio books during their commute to work vs. 5% of the poor.
- 85% of the rich read two or more self-improvement books every month vs. 15% of the poor.
- 88% of the rich read 30 minutes or more each day vs. 2% of the poor.
A few thoughts on this:
Free Taco Bueno
In case you have a Taco Bueno in your area, I just found this free deal they are running:
We're headed there this weekend.
Enjoy!
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