Week In Review Articles
Reduce your desires, especially material ones, and your happiness will have more room to breathe.
— Chris Williamson (@ChrisWillx) June 4, 2021
Morgan Housel: How to Do Long Term “Long term is harder than most people imagine, which is why it’s more lucrative than many people assume.”
A Wealth Of Common Sense: If You’re Still Worried, You Aren’t Wealthy “What constitutes a rich life really depends on your relationship with money and what matters most to you in life. There are many ways to become wealthy that don’t involve money. Being content with what you have is a sure sign you’re living a rich life.”
The Reformed Broker: Your Father’s Stock Market Is Never Coming Back “Here’s the actuarial math: If Jerry makes it to 65, he has a one in four shot of making it to 95. That could mean a retirement spanning three decades. Interest rates on Treasuries are not going to get him there. The one thing we know about the post-pandemic period is that its primary attraction is skyrocketing costs for everything. Lumber, labor, Chevy Silverados, single-family homes, microchips—you name it, the price is up. The only thing getting cheaper is money. The purchasing power of Jerry’s dollars will decline by 3% this year, statistically. In reality, it’ll be much worse. To offset this, the stock market is still one of the only games in town. “
The Irrelevant Investor: No More Bear Markets “I just can’t get behind the idea that the risk of a long bear market is off the table. If the only risk is that stocks fall and recover in a matter of months, then buy the dip is literally the only thing that investors need to know.”
Brian Plain: What Is Your Magic Number? “Let’s start by appreciating that our ability – or lack thereof – to enjoy the journey between our numbers is what really matters. We already have all that we really need right now and no amount of money will change the fact that life is hard and happiness is something we experience but not a permanent state of being.”
Anna N’Jie-Konte: Why Making More Money Isn’t The Answer “This is not to say that making more money won’t help you achieve and even accelerate your financial goals. However, if you find yourself constantly saying “If I get that raise, then I’ll be able to save for retirement or my kids’ education” or “there just isn’t enough money to save for retirement” then you are likely suffering from a missing perspective and could use a re-focus.”
Khe Hy: How To Overcome Shiny New Toy Syndrome “Whether you’re looking to scale your business, make a career pivot or be a damn good parent – an iPad won’t help. But when you layer in the reflection, identify your blockers, and actually change your behavior – THEN your tools will take you to the next level.”
Thomas Kopelman: What You Need To Know Before You Invest In Anything “I also want to note that chasing investment returns as a millennial is not where your energy is best spent. Your energy is best spent continually investing, increasing your income, increasing your investment percentage, investing in the right accounts based on taxes, etc.”
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.