Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at ways to ‘diversify your life.’
Quote of the Day
"The only way to build wealth is to have a gap between your ego and your income."
(Morgan Housel)
Investing
- What's your 'Investment Pyramid' look like? (mebfaber.com)
- By saving and investing you are buying future income. (humbledollar.com)
- How to build a safe income floor in advance of retirement. (obliviousinvestor.com)
Wealth
- How not to blow $650 million a la Johnny Depp. (ritholtz.com)
- Getting rich and staying rich are two very different things. (awealthofcommonsense.com)
- Wealth is what you don't see. (ferventfinance.com)
Wisdom
- A bunch of investment types answer: “What’s the one thing about money you wish someone told you when you were younger?” (allaboutyourbenjamins.com)
- "Power is the ability to control your own life." (theescapeartist.me)
- Why it pays to be grateful. (rock-wealth.co.uk)
FIRE
- FIRE is a philosophy as much as it is about personal finance. (work.qz.com)
- Ten downsides of retiring early. (amp-businessinsider-com.cdn.ampproject.org)
Retirement
- How do expenses change in retirement? (morningstar.com)
- Steve Chen talks with Robert Merton about what matters with retirement savings. (simplecast.com)
- The 4% spending rule is a 'rule of thumb' not a commandment. (rivershedge.blogspot.com)
- What happens when couples can't decide how much to spend in retirement? (barrons.com)
Personal finance
- Many participants have no idea what they will do with their 401(k) money. (investmentnews.com)
- How your living situation affects the taxation of your Social Security benefits. (humbledollar.com)
- What state should your finances be in before having a child? (financialsamurai.com)
- Carrying a credit card balance doesn't help your credit score. (bloomberg.com)
- Don't hold your breath for simpler income tax forms in 2018. (aaii.com)
- 7 financial tips for recent college grads. (independenceadvisors.com)
