Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why your financial ‘origin story’ matters.
Quote of the Day
"You probably won’t spend all of your money, but you will spend all of your time."
(Nick Maggiulli)
Podcasts
- Michael and Ben talk about how to think about some of those first, big financial life decisions in your life. (theirrelevantinvestor.com)
- Meb Faber talks with Adam Moelis, co-founder and CEO of Yotta Savings, about how to help Americans save more. (awealthofcommonsense.com)
Spending
- How to spend your money to maximize your happiness including "Spend on others." (popsci.com)
- Lifestyle inflation is real especially for new entrants to the workforce. (humbledollar.com)
- Where you live subconsciously affects how you spend. (businessinsider.com)
Investing
- Bad market timing matters a lot less if you do this one thing. (awealthofcommonsense.com)
- Another good entry in the 'How I invest my money' literature. (finunciate.com)
- The vast majority of people have no interest in the mechanics of investing. (tonyisola.com)
- All new financial tools can be abused, including fractional shares. (wsj.com)
Retirement savings
- The CARES Act opened up the option of getting at retirement accounts but relatively few Americans have done it. (nytimes.com)
- State-administered automatic retirement savings programs are easy for small business owners to navigate. (nytimes.com)
- If you are a gig worker you need to approach retirement planning from a different angle. (morningstar.com)
Lists
- 20 of the most important personal finance laws to live by including: "Automate everything." (fortune.com)
- Nine ways to stop wasting time including "Search less." (humbledollar.com)
- Four financial truths for Millennials including "Make a financial plan early." (mullooly.net)
Personal finance
- 2020 is not a typical year-end: some money things to keep in mind. (ritholtz.com)
- Don't let comparisons to others knock you off your own financial goals. (msn.com)
- Four lessons on paying for college including not all loans are created equal. (humbledollar.com)
- What California homeowners need to know about the impact of Prop 19. (benningfieldadvisors.com)
- Don't buy a second house for anything other than the experiences. (humbledollar.com)
