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Things to Never Keep in Your Wallet

Here's a post from Bankrate that lists things you should never keep in your wallet

They include:

1. Social Security Card
2. Birth Certificate or passport
3. Extra credit cards
4. PINs and passwords
5. Checks

Uh, I'm not sure who carries these things around with them anyway -- certainly not #1, #2, and #4.

Here's what I currently carry in my wallet:

How Much Notice Should You Give Your Employer?

Here's a piece from Kiplinger where a reader shares the story of a co-worker who left without much notice. The piece then gets to the heart of the issue: how much notice should be given to an employer when an employee resigns?

A summary of their answer:

[The worker who left] owed all of you (probably not legally, but ethically) at least two weeks’ notice, and ideally more. In most cases, a new employer will understand, and even respect, a new hire’s desire to do right by her current colleagues. And a more thoughtful resignation might have improved her odds of getting a good reference from your boss if she ever needed one.

Here's my take on this one:

Star Money Articles for Week of August 29

Welcome to this week's edition of Star Money Articles.

We'll begin with the never-ending debate: which is better, earning more or spending less? I'll let you decide.

Here's a debt-killing story I love on how a couple paid off their $320k mortgage in six years! Pretty awesome, right???!!!

Next is a GREAT guide on how to set financial goals. It's awesome to see a young couple this mature and focused on improving their finances in a systematic way. We all can learn something from them.

How the Wealthy Got Rich

Here's a post listing the five habits of the wealthy that helped them get rich. Their list includes:

1. They take risks.
2. They invest in themselves.
3. They associate with those they want to emulate.
4. They have a dedicated morning ritual.
5. They review their goals consistently.

My thoughts on each of these:

1. I'm not a big risk taker. In fact, I'd say I'm risk adverse/very conservative. That said, the few times I have taken what I consider to be a decent risk, it's paid off. Most notably, my rental properties are now the biggest source of my early retirement funds.

Living Expenses Drop Dramatically During Retirement

I think we all know that costs generally go down during retirement, but a couple sources recently challenged me that they go down a lot more than expected.

The first was Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century where it mentions several costs that should drop dramatically once you stop working.

These include:

Star Money Articles for Week of August 22

Welcome to this week's edition of Star Money Articles.

Let's begin with a list of the six best portfolio management software tools for investors. My favorite is #4 -- Quicken. I've been using it for 20 years now and have TONS of data I can slice and dice concerning our finances.

Would you like to earn some extra money? If so 137 Ways to Earn Your First Side Hustle Dollar is for you! Surely there's something in this piece that can help anyone earn a bit more money.

How Much Time Do You Spend Managing Your Finances?

Mixed Up Money spends one day a month managing her finances where she batches all of her financials tasks into a day at either the first or the end of the month.

I don't do the one day thing, but I can see the benefit of batching all the tasks at once. But to spend an entire day working on money stuff would be a bummer (especially since it would probably kill a Saturday) so I prefer to spread my tasks out. To that end, here's what I do:

New Site Rocking

Hey, all. I hope this message finds you all doing well!

Just wanted to post again that my new site is up and running.

If you want an email sent to you with my new site listed, you have two options:

  • You can send me an email asking for the details
  • You can leave a comment below like "please send me the URL to your new site". Include your email address in the email box when you leave your comment. I will get both the message and the email address, but no one else will be able to see the email address (no one wants their email to be public, right?)

And if you're wondering why you need to do that instead of me just posting it here, you can read this

Have a GREAT day!

The Vast Majority of Americans Will Struggle Financially All Their Lives

The book The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) features an interesting money-related comment.

Here's what it said:

According to the Social Security Administration, if you take any 100 people at the start of their working careers and follow them for the next 40 years until they reach retirement age, here's what you'll find:

Star Money Articles for Week of August 15

Welcome to this week's edition of Star Money Articles. I have lots of good stuff for you!

Here's a post with lots of promise: How to Retire By 55 (or Sooner) on a Salary of $50,000 or Less. To do this, you still need to focus on the basics. One advantage you have is that if you make $50k and are able to save enough to retire at 55, your post retirement expenses are probably in the $30k range or less. Relatively easy to save enough to cover that.