I can’t quite believe it, but another week is behind us, which thankfully has provided many top-notch personal finance articles! Want to increase your personal finance intelligence? Check out this past week’s Top 5 PF articles in no particular order:
The 9 Worst Money Mistakes to Make in Your 20s
– by Business Insider – I can’t believe how many 28 and 29 year-olds are still not saving a dime for their future retirement. I know 65 years old seems like an eternity away, but you’d think people would realize how important it is to save now vs. saving later. Heck, Jenna just wrote an article about it on Wednesday. The difference is huge! Start saving today, people!
43% of People in Relationships Have No Idea What Their Partner Earns
– by Yahoo! Finance – This one is just plain sad, but it shows you how many selfish people we have in this world. Not knowing your partner’s earnings means you’re not communicating about money, and therefore don’t have any shared plans for the future (in my opinion anyway). All you’re thinking about is yourself rather than the oneness you should have with your spouse. Am I wrong?
10 Pieces of Advice From a Self-Made Millionaire
– by Business Insider – To be honest, I think this advice is a little over the top and is meant for those that want to become ultra-millionaires, but it is all still very relevant. My favorite – “Don’t wait for your ship to come in. If you want to make a lot of money, build your own ship.”
8 Common Social Security Misconceptions
– by Retire by 40 – Since I assume that I will reap $0.00 from Social Security, I have pretty much ignored it completely. However, in the event that it lasts into my retirement, it would be good to know a little something about it so that I earn the maximum of my potential payout. No sense leaving money on the table. This article is a fantastic, quick refresher on what Social Security is all about.
Living With Less to Save Money? Or So Much More?
– by One Hundred Hangers – This article is about 1,500 words too long (again, that’s just my opinion), but it does bring up a fantastic point that I didn’t realize until I became a pseudo-minimalist. Forcing yourself to live with less stuff doesn’t only benefit you on the money front. Sure, you’ll save money by doing this, but you’ll learn a whole lot more about what it means to be happy. An abundance of stuff can only take you so far. Learning how to enjoy life to the fullest without it is truly ground-breaking.
Which article was your favorite and why?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.