Weekly Mixtape For April 18th, 2021

Week In Review Articles

The WSJ: U.S. Economy Ramps Up On Spending Surge, Hiring Gains

The WSJ: Stocks End Week With Fresh Records

The WSJ: J&J Privately Asked Rival Covid-19 Vaccine Makers To Probe Clotting Risks

The WSJ: Coinbase Fetches $85 Billion Valuation In Market Debut

Weekly Mixtape

Morgan Housel: A Few Short Stories “It’s easy to underestimate how social norms stall change, even when the change is an obvious improvement. One of the strongest forces in the world is the urge to keep doing things as you’ve always done them, because people don’t like to be told they’ve been doing things wrong. Change eventually comes, but agonizingly slower than you might assume.”

The Reformed Broker: Five Superpowers “It’s not enough to merely posses Restraint, Curiosity, Creativity, Patience and Courage – you must actively put these qualities to use, on a regular basis, in order for them to truly become your superpowers. If you do, you will someday look back at the transformative moments of your career and realize that these superpowers had been there all along, even before you knew that they were truly at your command.”

Brian Plain: The Superpower We All Possess But Often Ignore “The best answer is the one that aligns your money with what you and your family personally value. So take a moment to make sure you’re not letting your emotions alone guide your decision making. “

Clint Haynes: The Top 5 Benefits To Investing In Yourself “Opportunities abound when you take risks and dive into the unknown. You strengthen relationships with others when you have value to share and experiences to relate. When you use your abilities to help others as an expert, the system of improvement perpetuates itself, as you have new opportunities to learn through applying knowledge and getting feedback.”

The Irrelevant Investor: Have Bear Markets Changed Forever? “The other reason why bear market cycles might shorten is the speed at which information and markets travel these days. This is probably apples to oranges, but in a world where Dogecoin can do what it’s doing, why should it take hundreds of days for the stock market to discount the worst?I’m a fan of studying the past, but that doesn’t tell you what will happen in the future. The only thing history clearly reveals is that things are always changing.”

The Financial Bodyguard: Taking Your Foot Off The Brake “But for all its imperfections, imagine trying to plan without a cashflow?  It’s like trying to find your way to an unfamiliar destination with no map and no road signs”

A Wealth Of Common Sense: Overnight Millionaires “Most normal people slowly build wealth over the course of their lifetime by periodically saving over many years. This gives you time to adjust as income and wealth grow over time. People who come into fast money don’t have that same adjustment period so while it can be fun to dream about, not everyone can handle everything that comes w”

Incognito Money Scribe: The Best Finance Books Might Be Fiction This suggests that we tend to consider our future selves as another person. From a financial perspective, we mentally treat saving money for our future selves as if we were giving money to our boss or a Starbucks barista. No wonder we struggle with saving for retirement. Successfully balancing immediate desires with long-term financial goals that feel far out of reach — like retirement, funding higher education or purchasing a home — requires forward thinking and a deep sense of self-control.”

Thomas Kopelman: 12 Personal Numbers You Should Know “When thinking about your financial future and creating a financial plan, there are some numbers that you really need to know. What I have come to realize is that very few people (especially millennials) know the important financial numbers in their life.”

Thomas Kopelman: The Long Game–Alex Feinberg

All About Your Benjamins The Podcast: The Pursuit—Hindsight Is 2020: The Path To Onramp

All About Your Benjamins: I’m Team Onramp

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