Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to avoid lifestyle creep.
Quote of the Day
"Some people can create alpha in real estate, equities, etc. but I think much of the strong returns we have been seeing lately is in no small part due to dumb luck."
(Barry Ritholtz)
Chart of the Day

Demand for mortgage refinancing has fallen as rates have risen.
Investing
- Four things everyone needs to know about markets including 'Inflation plays a bigger role than you think.' (awealthofcommonsense.com)
- Why financial advertising often focuses on fear or greed, i.e. performance. (humbledollar.com)
- The top female investing blogs of 2021. (invezz.com)
- No investor is perfectly passive. (humbledollar.com)
Retirement
- On the need for flexibility: there is no one-size-fits-all approach that works for retirement withdrawals. (morningstar.com)
- Chapter 1 from "Your Complete Guide to a Successful and Secure Retirement" by Kevin Grogan and Larry Swedroe. (evidenceinvestor.com)
Personal finance
- There is a big difference between getting rich and staying rich. (blairbellecurve.com)
- Your average tax rate is not the same as your marginal rate. (obliviousinvestor.com)
- How reducing your spending footprint opens up a range of other opportunities. (rivershedge.blogspot.com)
- Some big lessons learned in one's 30's including 'Changing peoples’ behaviour is really really hard.' (realreturns.blog)
- Twelve truths including 'None of us is average.' (humbledollar.com)
- Three steps to help ease financial anxiety. (incognitomoneyscribe.com)