Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why there’s always somebody richer than you out there.
Quote of the Day
“Be more patient” in investing is the “sleep 8 hours” of health. It sounds too simple to take seriously but will probably make a bigger difference than anything else you do.”
(Morgan Housel)
Podcasts
- Caitlin Cook talks with Joy Lere about the intersection of money and the mind. (podcasts.apple.com)
- Cameron Passmore and Benjamin Felix talk all about the 4% retirement withdrawal rule. (rationalreminder.libsyn.com)
- Michael and Ben talk listener questions on all things investing and personal finance. (theirrelevantinvestor.com)
Social media
- Why financial advice is thriving on platforms like YouTube. (wsj.com)
- Financial firms are upping their spending with TikTok influencers. (ft.com)
- Five of the worst pieces of investment advice on TikTok including 'The FIRE movement is for everyone.' (nerdwallet.com)
Housing
- Your home is not an investment. (jonluskin.com)
- How to invest money you are saving for a home down payment. (wsj.com)
- Paul Moore, "Direct real estate investing is not passive. It’s more like another part-time job." (physicianonfire.com)
- Things to consider before buying a second home. (rock-wealth.co.uk)
Goals
- The case for accumulating experiences earlier in life when you can still do them. (todaypurpose.com)
- Be careful what goals you pursue. (humbledollar.com)
- Money is time, not the other way around. (dariusforoux.com)
Planning
- Four planning lessons from the Japanese art of kintsugi including 'That which is broken can be mended.' (forbes.com)
- Every financial plan is full of assumptions, both implicit and explicit. (indeedably.com)
- Why you can't optimize everything: stuff happens. (humbledollar.com)
Retirement
- What its like to own the best income annuity in the world. (humbledollar.com)
- Why you should take a trial run at retirement. (morningstar.com)
Personal finance
- There are a lot of situations in life where money simply doesn't matter. (tonyisola.com)
- How to overcome the status quo in your finances. (wsj.com)
- How to put your advanced child care tax credits to work. (genyplanning.com)
- Some books you should add to your personal finance library including "The New Retirement Savings Time Bomb" by Ed Slott. (humbledollar.com)
- Credit cards are a tool. (jlcollinsnh.com)
