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Does the world of personal finance need more politics?

Note: I've added a short addendum to this piece in an attempt to clarify some things. This may or may not have helped.

Earlier this week at The Washington Post, Helaine Olen wrote that the world of personal finance needs more politics.

Olen specifically calls out FinCon, the financial media conference I attended last week. I love FinCon. She doesn't. She's disappointed that so many members of our community emphasize personal action and responsibility instead of directing our efforts toward changing the systemic and societal issues that make it difficult for some people to succeed.

She writes:

FinCon 2019 and the future of Get Rich Slowly

After twenty-four days on the road, I'm back home in Portland. It feels good.

In mid-August, Kim and I flew to Italy. For the first week, we visited Florence and Rome on our own. We rode trains, drank wine, toured museums, ate gelato, and explored ancient Roman ruins. We also got sunburned. And we sweated from dawn to dusk.

Next, we boarded a small (680 passenger) cruise ship for a ten-day tour of the eastern Mediterranean. We spent a day on Corfu, visited a Turkish resort town, and wandered the walled city core of Dubrovnik (where Game of Thrones' King's Landing was filmed). Mostly, though, we saw more of Italy.

After a final two nights in Venice, we flew from Italy to Washington, D.C. for FinCon, the annual conference about money and media.

The flywheel of wealth (and the importance of patience)

His name is Dave. A retired Naval officer, he’s written two novels and about to publish his third. His books (thrillers in the style of Dan Brown and John Grisham) have been well received and even won awards, yet he’s still a relative unknown in the competitive world of fiction.

Her name is Michal. She’s a residential and commercial painting contractor in central Ohio. She’s a natural artist, a trait she inherited from her father and passed on to her daughter. She’s truly gifted, yet has struggled to grow her young business.

His name is Rob. He wants to achieve financial freedom at a young age. Yet, fresh out of college, he has mountains of debt. He makes a good salary, but most of it goes to paying school loans and everyday expenses. He manages to save and invest $100 a month, but feels like he’s making little progress.

These are all true stories.

How to make money fast: Quick ways to earn money in 2019

Let’s face it. Most of us, at one point or another, have been faced with a financial emergency, or a plain, old-fashioned cash crunch. It’s definitely not a fun spot to be in. While there are steps we can take to avoid such situations (more on that later), that’s often the last thing on our minds when we need to come up with money — quick.

To assist, I’ve compiled the following list of money-making ideas. While some of the items included are more lucrative than others (you’ll never get rich taking surveys, for example), they all share a common theme: making money fast. Ready? Let’s dive in.

And before anyone mentions it, yes we're aware of the irony of publishing an article about making money fast at a website called Get Rich Slowly.

Six simple money habits that changed my life

Habits play such an important role in every aspect of your life. And those habits, good or bad, are reflected in your finances.

Some of our habits are small, almost insignificant. Over time, though, they have a large effect. There are little things that I've done over many years that have had outsized results. Individually, they don't move the needle. But they're like little course corrections on the cruise ship of life. A little change early on, repeated and compounded over many years, can have a significant impact.

When you add them together, they can help you achieve things you never thought possible.

The virtue of thrift

When I was a boy, we lived in the country. That is, we lived five miles from the nearest town (Canby) and 25 miles from the nearest city (Portland). We were surrounded by farmland. Life was quiet. Pastoral. Bucolic.

The road we lived on was especially quiet, with very little traffic. Even from a young age — five or six, I think — I was allowed to walk the quarter-mile to visit my grandparents. (My father's parents lived “next door” to us, but next door was across a large field.)

Visiting grandma and grandpa was fun. As quiet as life in the country was, life at their house was even quieter. There was a stillness in their place unlike anything I've experienced since. Their home seemed stuck in time.

Part of this stuckness stemmed from the things they owned.

The £200 Millionaire: An early retirement story from 1932

J.D.'s Introduction
While reading an obscure book about retiring early to a life at sea — Voyaging on a Small Income by Annie Hill (1993) — I discovered a short story from a man named Joseph Weston-Martyr.

First published in 1932, The £200 Millionaire reads like “Mr. Money Mustache at Sea”. It's fascinating. Because today I start a ten-day Mediterranean cruise, I thought it'd be fun to share this story at Get Rich Slowly.

This is a long story. It contains 8001 words, which is 32 printed pages. I've formatted it for web-based reading (I don't think you want to read a 500-word paragraph on your phone!), plus added images and hyperlinks. Please enjoy it as weekend reading!

How couples can create a shared plan for the future

J.D.'s Intro
Last December, I took a trip to Europe with my cousin Duane. Before I left, I received email from a GRS reader named Matthias. “If you come through Switzerland, let me know,” he said.

The stars aligned so that Matt was able to join us for several hours on a train across the Alps. He brought Swiss chocolate and a bottle of whisky. As we talked — and became pleasantly buzzed — he told me about how he and his wife tackle couple goals together via five-year plans for their future.

“I love this idea,” I told him. “Will you write about it for Get Rich Slowly?” He did. This is Matt's story about creating a shared vision as a couple. Enjoy!

In the spring of 2006, I'd been living and working in Taipei, Taiwan for two years and my contract was about to expire. Soon, I'd be returning home to Switzerland.

Which financial advice should you trust?

Commenting on a recent article, Carmine Red asked an excellent question:

How do you evaluate the financial advice you get from other sources? Specifically, how do you decide if some piece of advice is for you, or if you should discard some adjacent advice. Is there an amount of pick-and-choose?

GRS definitely doesn’t seem like a dogmatic 100% one-way-of-doing things site, so I’d love to hear about the critical thinking you employ, and that I’m sure we can all use a little of since we’re getting bombarded by financial “do this!” or “don’t do this” instructions from so many different dimensions.

The best investing apps for 2019

J.D.'s note: This article marks the GRS debut for my business partner, Tom Drake. Tom's primary role is managing the technical and business sides of things, but as a long-time Canadian money blogger, he'll contribute the occasional article here at GRS.

It has never been easier to invest.

In only a few years, the rapid advancement of mobile technology has placed the power to invest at our fingertips and ushered in a wave of fintech startups, armed with new and innovative solutions for investors. Names like Acorns and Stash are now competing head-to-head with traditional brands such as E-Trade, and TD Ameritrade. (Imagine E-Trade being considered a “traditional” brand!)