Want to read the absolute best personal finance posts from last week (well, besides what I already have on my site of course ;))? Look no further than this post. I have personally read through dozens of personal finance posts this past week and hand selected the top 5 articles for your enjoyment. Take a look at the list below and let me know which one you liked best!
Converting Net Worth Into Cash Flow
– by FI Fighter – This is really the key for anyone that’s trying to retire. If you don’t feel to comfortable with drawing your account down every single month that you’re in retirement, then this article is a must read for you. By investing your funds appropriately, you can turn that lump sum into a consistent cash flow each month, and your assets will never decrease.
– by Frugaling.org – This is spot on. Before you even start thinking about increasing your income, first consider decreasing your spending. If you can come to the realization that you can get by with less stuff and fewer expenses, then the increase in income can make a MUCH larger impact. I have seen that first hand with myself. By living on less for just a year, I can now invest in real estate with cash.
The Cheapest Degrees That Will Earn You $70,000 a Year
– by CNN Money – If you aren’t a big fan of school (it’s not for everyone), take a look at jobs that you’ll enjoy that pay well and only require an associates’ degree! This article mentions four solid options.
Warren Buffett’s Secret to Investing
– by Business Insider – I recently spoke to my father-in-law about different investments, he didn’t say “I own some stock of XYZ”, he said “I own XYZ”, and he had that exactly right. The secret isn’t to time the market or even to buy at the right ratios. It’s to study the company as if you were becoming a 50% partner in the business.
The Cost of Succumbing to Fear
– by Business Insider – This title intrigued me. There are plenty of people that sold off the majority of their shares this past week because they were afraid the market would continue to dive. But, the overall price of stocks actually rose again. So what about these people that sold? By becoming too involved in the market, how much have they lost compared to the rest of us that are investing for the long-term? Take a look at the charts to find out.
Hope you enjoyed the articles, and have a fantastic week!
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.