Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at financial bumps in the road.
Quote of the Day
"Wise spending can help underwrite a meaningful life. The stock phrase that “money can’t buy happiness” is often an excuse to avoid the preparation of the right mindset and the right financial plan."
(Brian Portnoy)
Tenets
- Some financial advice that applies to everyone, including doctors. (whitecoatinvestor.com)
- Four finance laws that kids can understand. (humbledollar.com)
Comparisons
- Inappropriate social comparisons can damage you psychologically and financially. (petetheplanner.com)
- The difference between mean and median net worth in the US is striking. (financialsamurai.com)
Homes
- Recent tax law changes make owning a home more expensive. (humbledollar.com)
- The buy vs. rent decision is ultimately a personal one. (radreads.co)
Giving
- On the psychological benefit of giving money away. (realsmartica.com)
- Be kind. Things can change in a New York minute. (rpseawright.wordpress.com)
Personal finance
- Doing the little things is important for your finances, but big picture stuff really moves the needle. (awealthofcommonsense.com)
- Fee-laden investment products do more harm than good. (tonyisola.com)
- If we are lucky to get old, there is a good chance that your ability to manage your finances will decline. (rpseawright.wordpress.com)
- A primer on QCDs or qualified charitable distributions. (wsj.com)
- Jonathan Clements' "From Here to Financial Happiness: Enrich Your Life in Just 77 Days" is brilliant. (obliviousinvestor.com)
