Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to think more clearly about big spending decisions.
Quote of the Day
"I’ve met plenty of smart, financially successful people who went on to do stupid things with their money. I too am guilty of this, though thankfully in a less significant way."
(Jason Butler)
2020
- 2020 is getting people to be more willing to 'live for today.' (monevator.com)
- It's possible to save too much money. Especially if you miss out on life's small pleasures. (tonyisola.com)
Wealth
- Feeling wealthy is as much a mindset as financial condition. (indeedably.com)
- Wealth effects are always relative. (morningstar.com)
- On the power of knowing when you have enough. (nytimes.com)
Books
- The best investing books for every stage of investor. (ofdollarsanddata.com)
- Why Morgan Housel's new book "The Psychology of Money" is only partly about money. (rationalwalk.com)
- A review of "Money Hacks" by Lisa Rowan and "The Psychology of Money" by Morgan Housel. (nytimes.com)
Housing
- A house is lot of things, an investment it is not. (theirrelevantinvestor.com)
- Why you can't expect housing prices to outpace wage growth over time. (klementoninvesting.substack.com)
- Getting fire insurance in California is only going to get more expensive. (thesimpledollar.com)
- How does rent-to-own home buying work? (thebasispoint.com)
Retirement
- No matter how you slice the sustainable portfolio withdrawal rate in retirement is lower than it used to be. (morningstar.com)
- Things to consider if offered an early retirement package. (wsj.com)
- The pandemic has disrupted the well laid plans of retirees. (nytimes.com)
Miles
- Just because you aren't flying this year, doesn't mean you should ignore your miles. (msn.com)
- Most consumers would be better off with cash back vs. travel rewards credit cards. (nytimes.com)
Personal finance
- Once you automate your savings, what should you focus on next? (humbledollar.com)
- Despite outward appearances we can't tell anything about other people's money situation. (evidenceinvestor.com)
- How to talk to adult children about a potential inheritance. (gatewaywealthstl.com)
- Eliminating 401(k) middlemen would make for better outcomes for American savers. (msn.com)
