I want to live a life with very few worries. I want to wake up each morning, think about what I’d like to accomplish, and then tackle that thing head on without concern of anything else. Money is a concern of many, and it impacts almost every decision people make: where they eat, what clothes they wear, what they drive, and even what friends they hang out with. Life devoid of money is likely not the solution to this problem, but a self-earned passive income may be.
I’m working to earn more today so that I can worry less about income tomorrow. For this reason, I still continually seek out the personal finance wisdom of others each and every week. I read, learn, and ponder, and then I share my findings with you, my loyal readers. Enjoy last week’s best in personal finance:
How Rich Was Warren Buffett at Your Age?
– by Go Banking Rates -Warren Buffett is one of my favorite people from which to seek personal finance advice. He started his life with nothing and has grown his net worth to over $60 billion. And, while he is one of the wealthiest men in the world, he still lives on less than $100,000 a year and is actually quite happy doing it. Take a walk down memory lane with this article and see how you match up to the master.
– by Business Insider – This past week, I’ve been reading “Think and Grow Rich,” by Napoleon Hill. Some of the concepts in this book are strange (even to me), but they are proven effective by countless rich individuals. This list of ’21 ways rich people think differently’ stem directly from this book. Have a read and let me know what you think. Are your thoughts the same as the rich?
Top 10 Personal Finance Myths
– by Listen Money Matters – There are so many money myths out there. Some are complete crap, while others make sense initially but can later be proven incorrect with a little thought. This study of money myths is excellent and is a must read for everyone.
The Craigslist Method: You Can Build Big Things in Your Spare Time
– by Riskology.co – Are you an entrepreneur at heart? Would you like to start a side business that becomes your full-time business? Before you do anything, read this post. It could very well confirm your idea and earn you millions of dollars in life. Or, it might just tell you to go back to the drawing board because you have no business starting that side venture. Check it out.
Do You Have a Financially Fit Marriage?
– by Retire by 40 – Since I am about 3 weeks into my marriage, this title definitely caught my eye. While we are in the process of combining our accounts and figuring out where our assets lie, talking about our financial future can still be a bit daunting. This post is a good one if you’re floundering a bit in your financial talk with your spouse. To have a strong marriage, you’ll definitely need strength in your finances.
Which post did you like the best, and what did you learn?
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.