Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why its okay to ask for help when it comes to money and other things in life.
Quote of the Day
"Once money is dematerialized, using it doesn’t feel like spending."
(Jason Zweig)
Investing
- Anyone investing for the long term should hope for declines. (awealthofcommonsense.com)
- Transaction costs are now a backseat issue for investors. (morningstar.com)
- How people use target-date funds in practice. (cnbc.com)
Retirement
- A dollar when you are 60 is different than a dollar when you are 80. (tonyisola.com)
- Elder financial abuse is more common than you think. (humbledollar.com)
- Why 'grey divorce' is a double-whammy when it comes to finances. (danielsolin.com)
- The pros and cons of retiring overseas. (moneymaven.io)
Frugality
- Frugality is not a means unto itself. (ensofinance.blog)
- Stop obsessing over every penny - it's not worth it. (thomaskopelman.com)
Books
- Ramit Sethi’s "I Will Teach You To Be Rich" gets you most of the way there. (impersonalfinances.com)
- Some investing books for a teenager including "The Psychology of Money" by Morgan Housel. (moontowermeta.com)
Personal finance
- How the pandemic has affected the FIRE movement. (nytimes.com)
- Your salary matters, but so does your savings rate. (ofdollarsanddata.com)
- Could you live on half your income? (financialsuccessmd.com)
- The case for setting up a 'what if' savings account. (bloomberg.com)
- Six ways to use the new child tax credits. (thomaskopelman.com)
- Darius Foroux, "Life is not about the things you get to experience, it’s something you experience regardless of what you do. That means every experience is worth it. Whether it’s something you desired or not." (dariusforoux.com)
