Given the nature of what’s going on in the U.S., in Greece, and within the economy in general, there were so many amazing personal finance articles this past week. Based on the dozens of articles that I read through, here are the top 5 PF articles from the web last week:
1) Best and Worst States to Retire Rich
– by Go Banking Rates – If you are accumulating wealth, then you might also want to start thinking about where you’d like to live and enjoy yourself to best hold onto that money. Lucky for me, of the 50 states in the U.S., Michigan ranks number eight! It’s actually the cheapest state in the Top 10 due to the low cost of living and the cheap insurance premiums, so BOOM, I’m already living where I should retire. That was easy! 😉
2) Retired on $30,000 a Year and Loving It
– by Next Avenue – Billy and Akaisha Kaderli retired in 1991 when they were 38 years old, and they are still retired today. Living on just $30,000 a year, they are able to enjoy life, travel, and stay retired! It’s really a simple story that almost everyone should be able to figure out themselves (but few actually do). The lifestyle is simple and not for everyone, but it’s one that definitely works. Check it out!
3) How to Be Rich Like Me
– by PJRVS.com – This article explains perfectly what it’s like to be an entrepreneur. People know that you’re making money outside of Corporate America and automatically assume you’re rich! Well, this isn’t exactly how it works. Before you quit your day job to strike it rich in an industry all your own, be sure to take a look at this article to understand the realistic earnings behind the entrepreneuristic lifestyle.
– by Stacking Benjamins – Joe was a runner in college, but then got caught up in the grind like many of us…and added 50 lbs to his physique. Rather than blame his demanding job for his fat butt, Joe decided to do something about it and was determined to run at least 1 mile every single day for 1,000 days. His story is inspiring and translates quite well into the personal finance world. You’ll enjoy this read, I guarantee it.
5) There’s a ‘New Normal’ in America’s Job Market and it Isn’t Pretty
– by Business Insider – The job market appears to be getting stronger and stronger these days (unemployment is down to 5.3%), but is it really? Are there other factors at play that are falsely bringing this number down? Yes, in fact, there are. Two of them to be specific – college students staying in school longer (because of the soft job market) and older individuals retiring early (again, due to difficulty finding work). Read more about this story at Business Insider.
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.