Hello, and welcome to this weeks review. This is a truly enjoyable article to write each week because I think it’s important to follow as many personal finance blogs as possible in order to make informed decisions about your finances. Though personal finance bloggers are further down the road financially then others this doesn’t mean that you should follow every word they say, instead you should listen to many advisers, take in all the information and then make the best personal decision for you.
So here I discuss the top 5 articles from the week that I will take something away from, that I will implement in my life. What you find in these articles might not apply at all to you or your situation, or it may apply more so than in mine. It’s my hope that you decide the best course of action for you and then live the future life that makes you happy.
So without further ado, in no particular order here are my top five picks from this week.
1.Beware The 99 Percent on Millennial Money Man
Many of us like to blame others for our problems. And truthfully sometimes our problems are caused by others. That being said, are they done by the 1%?
We like to look at the uber rich and think that it’s their fault that we can’t get ahead, that they are the ones holding us back. Though they probably don’t care about us as much as we would like, it is not their fault that we aren’t where we want to be in life.
For most of us the person who is most responsible for our current position in life is the one looking us in the mirror. Yes some other people do sometimes cause us problems. Like one who runs into our car and has no insurance. But odds are that person is in the 99% with us and not a part of the 1% who do have insurance.
I think this is the first time ever that I’m grabbing an article from somewhere like this site. I love this site and the material on it but I love the homey feel of a site run by an individual.
That being said this article really can help you plug some wholes in your financial life. It talks about some things that we all go through with expenses but we just accept as bills we have to pay.
3.How We Save 50% Of Our Income on Disease Called Debt
The gold standard of personal finance is to save a minimum of 10% of your income. And most of us want to retire early so we strive to save significantly more than that. What we all want to do (and some succeed) is to save at least 50% of our income.
That is exactly what this article is about. It’s not just a “look at me” article it gives actionable advice and tips of what you can do to save more of the money that you work hard to get. Much of it follows the same formula I’m using to get out of debt.
4.How Mental Contrasting Works on Freedom Thirty Five
Setting goals is something that I really feel is important. Whether it’s getting out of debt, or investing to retire early, or even just saving for a vacation, you have to set a goal to do so.
Following whats in this article will help you to not only set a goal but give you the exact steps to fulfill that goal.
5.How Often Do You Change Careers? on Retire by 40
I remember when someone I worked with was let go, everyone was so shocked and some said something along the lines of “she worked here for 3 years and they just got rid of her like that”. At the time I also had been working there for 3 years and didn’t think anything of that amount of time.
Later I discovered that most people (especially in retail) don’t work there that long. Even in other industries the average is only 4.6 years which is crazy to me. I’ve worked for the same company now for 9 years and am in my 10th, the fact that most work significantly less than that is amazing to me. Though I’m sure some will find it amazing that I have worked so long for one company.
Bottom line this is a great article to read.
In Case You Missed These
And from My own site this week we have
Not a thing…. busy week
I had this week off from my 9 to 5, and had every intention of working a lot on the blog, as well as driving a lot for Lyft. Neither of those things really happened.
First, my writing felt not good enough to publish this week. I wrote two articles but after reading them both through I decided that, though the topic is important and one I will be writing about at some point, I just wasn’t writing it the way I wanted. So this coming week (which will be a normal week for me) I will be trying to play catch up and get more posts out this week in order to make up. I’m also going to strive for great posts not just a post for the sake of posting so if it isn’t “future me” good, I won’t do it.
The reason that I didn’t drive as much was that, on top of having things to do this week (the whole reason for taking it off) I also wanted to spend some time with the wife. Though I didn’t make as much money as I know I could have I feel I used my time wisely and accomplished things I want rather than just work all the time.
How was your week? Did you accomplish all your goals? Any blog posts that I missed that you think would be good to read? Let me know in the comments.
Image courtesy of Stuart Miles at FreeDigitalPhotos.net