It’s that time of the week again! Sundays are perfect for leisurely catching up on all of the good reading you’ve been too busy to read that last week. Here’s my roundup of my favorites over the past week.
MyMoneyCounselor – Forget About Retirement
Kurt believes that the traditional meaning of “retirement” is obsolete, and I agree. Many will not longer simply “put their head down” and plow away while looking toward the golden light of retirement. You no longer have to physically work for 40 years until your body gives out and hope you can enjoy five years of the good life. I think financial independence is a much better goal. There’s no age for which financial independence can be achieved, and it certainly doesn’t mean that you stop working and become a vegetable.
Thirty Six Months – Life Should be Equal Parts Responsibility and Fun
Marissa over the Thirty Six Months published an article that is on the same page as Kurt I think. It’s easy to get stuck focusing on working hard to earn money to buy a house or pay off debt. Marissa questions whether we should be punishing ourselves so much now in order to obtain that golden retirement. My answer is: no. As with anything in life, there needs to be balance. And I’ll be the first to admit I’m not good at finding this balance. I work too hard and don’t play enough.
The Empowered Dollar – The Simplest First Step to Raising a Millionaire Child
Stephanie discusses financial literacy in children, and how to best accomplish it. Once you instill the foundation of personal finance within your child, they will take small steps that build their confidence and save them money. It all begins with having those money discussions with your kids. Too many kids grow up having bad psychological associations with money and finances because their parents always seemed to argue over money.
Frugal Portland – I’m not spending money ever again!
Frugal Portland has decided to never spend money again. Or, at least never think of spending money as spending money. Each time she spends a dollar it needs to be an investment in something. For example, buying groceries is an investment in health. Even if it doesn’t change spending habits, it will at least change your attitude because you’re swapping a negative word for a positive one.
There’s always a lot of good content out there, and sometimes it’s difficult to sort through the “noise” to find the good stuff. I probably read about twenty articles a week and am now posting the best ones each Sunday. Hopefully you enjoy some of these also.