Personal finance is a hot topic today and almost everyone is writing about it, but where are all the quality articles that will actually teach us something? Lucky for you, I found five solid articles from this past week that I think you’ll love. Sit back, sip on that coffee, and enjoy the learnings!
The Most Important Habit of an Extremely Early Retiree
– by Business Insider – I am a big fan of Mr. Money Mustache. He retired at age 30 and provides simple, effective advice to others that wish to follow in his footsteps. The most important habit of extremely early retirement isn’t shocking, but ignoring this habit will leave you broke forever. This is a quick read that could just change your life.
In Debt and Divorced to Debt Free in Just One Year
– by His and Her Money – Okay, so this isn’t technically a read – it’s a podcast interview of yours truly. Tai and Talaat dug into my life and pulled out some of my discoveries and realizations from the last few years. This interview really turned out well, and I think you’ll enjoy the listen.
How I Save 75% of My After Tax Income Each Month
– by The College Investor – In a typical month, I save 75% (or more) of my income as well. Many people that hear this would just stare at me blankly and say, “Why?” I think this article sums it up pretty nicely. It’s not because we just love to have a lot of cash in the bank – it’s more of a long-term plan of freedom. Check out this article and let me know what you think.
The Best Ways to Invest $5,000
– by U.S. News Money – Most PF articles that land on popular pages like Yahoo! Finance or CNN Money are often missing the important base methods of becoming wealthy (like getting out of debt, saving an emergency fund, etc.), but this one actually surprised me a little bit. Whether you’re thinking about a short term or long term investment, this one covers all the bases.
The 10 Habits of Financially Successful People
– by Get Rich Slowly – The article was written about a year ago, but it was recently re-highlighted by Business Insider, and after reading it I couldn’t help but highlight it here as well. My favorite habits of the 10 are:
- Successful people ignore the opinions of others
- Successful people have direction
- Successful people believe they’re responsible for their future
- Successful people grow and change over time
These are absolutely essential if you want to be successful in life, and I’m happy to note that many of my readers have these habits as well. Won’t it be great to exchange stories twenty years from now, talking about the days when we were just getting started and how far we’ve come since then? I’m not wishing my life away here, but it’s going to be a riot to reminisce about the adventures of the past don’t you think?
Which article was your favorite? Did you like the podcast?
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.