Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at what you should know about donor-advised funds.
Quote of the Day
"You should do whatever makes you happy. If living a frugal life that allows you to end the 9-5 grind twenty years early, then by all means do it. But be careful, because the hardest problem in finance is too complicated for simple rules of thumb."
(Michael Batnick)
$1 million
- The math behind retiring (early) on $1 million is shaky. (fattailedandhappy.com)
- A million dollars in retirement ain't what it used to be. (blairbellecurve.com)
Relationships
- Income inequality can put a strain on friendships. (ferventfinance.com)
- Three couples on how they manage their money lives. (fastcompany.com)
Happiness
- Having children is not a guaranteed boost to happiness. (humbledollar.com)
- Why the rich are still unhappy: social comparisons. (theatlantic.com)
Philanthropy
- Why philanthropy should be a family affair. (humbledollar.com)
- Love this idea of buying personal medical debt at cents on the dollar in order to extinguish the debt. (nytimes.com)
Saving and spending
- Building wealth requires: savings first, investing second. (getrichslowly.org)
- How to stay on track with your savings goals. (monevator.com)
Personal finance
- 10 bad places to get investment ideas. (physicianonfire.com)
- We are all at risk of decision fatigue. (advisorportfolios.com)
- Success in retirement requires flexible spending. (fattailedandhappy.com)
- How to get the most out of a health savings account. (nytimes.com)
- If you hear the words 'conservation easement' run the other direction unless you want a visit from the IRS. (whitecoatinvestor.com)
- Do you really need a storage unit? (indystar.com)
- In praise of finding an (older) money mentor. (thecut.com)
