Weekly Mixtape For April 25th, 2021

Week In Review Articles

The WSJ: U.S. Unemployment Claims Hit New Covid-19 Pandemic Low

The WSJ: U.S. Existing-Home Prices Climb on Tight Supply

The WSJ: Biden Focuses on Capital-Gains Taxes as He Seeks Money for Social Programs

The WSJ: Robinhood, Three Friends And The Fortune That Got Away



Weekly Mixtape

Morgan Housel: The Spectrum of Optimism and Pessimism “In the middle we have what I call reasonable optimists: those who acknowledge that history is a constant chain of problems and disappointments and setbacks, but who remain optimistic because they know setbacks don’t prevent eventual progress. They sound like hypocrites and flip-floppers, but often they’re just looking further ahead than other people.”

A Wealth Of Common Sense: How Much is Your Time Worth? “Whatever it is you enjoy doing, the goal should be to do more of it and cut back on everything else when possible.”

Incognito Money Scribe: The Relationship Between Money And Happiness “Another thing to consider is how our work and earnings relate to happiness. It turns out our attitude that other things in life are more important than money is also reflected in the workplace.”

Anna N’Jie-Konte: What’s The Point Of A Financial Advisor Anyway? “As an advisor for high-earning and entrepreneurial women of color, my value comes from a few things– removing that stress from your life, serving as a sounding board for your ideas, educating you on the way the rich folks do things, or identifying your blind spots because you’re not used to thinking about money or projecting long-term about money in a multi-decade, legacy focused way. “

Michael Baker: Growing Money Into Generational Wealth (Part 1) “I’m not talking about money worship here. I’m talking about craftsmanship. Money is a tool. We need to embrace this truth and do our part to help our kids learn, even if this means they learn from our mistakes.”

Christopher Clepp: Fighting Ourselves, How To Avoid Bias In Our Investment Decisions A cognitive bias is a flaw in your reasoning that leads you to misinterpret information from the world around you and to come to an inaccurate conclusion. Because you are flooded with information from millions of sources throughout the day, your brain develops ranking systems to decide which information deserves your attention and which information is important enough to store in memory.”

Humble Dollar: Hanging Tough “Finally, as I argued last year, I don’t see any alternative to owning stocks. After factoring in taxes and inflation, cash investments and most bonds are priced to lose money.”

A Wealth Of Common Sense: The Two Most Underappreciated Forces Driving Markets Today “But there is a strong case to be made that millennials will be forced buyers of high-priced items their entire lives. We paid a higher price for college. We’re paying higher prices for housing. And we’re probably going to be paying higher prices for stocks.”

Oak Capital Advisors: Financial Planning Basics For Entrepreneurs Part 1: Cash Flow Planning “he combination of these factors explains why financial planning is often more complex for entrepreneurs. The good news is you can still make smart financial decisions for your business, yourself and your family—even during times of uncertainty.”

Thomas Kopelman: 4 Steps To Giving Every Dollar A Purpose “Remember, the goal of money is to fund the life you want, not control it.”

All About Your Benjamins: The Pursuit–Fear Is Not Real

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