Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why home renovations are not necessarily a great investment.
Quote of the Day
"The concept of work takes on a new meaning when you don’t need the paycheck, but nonetheless, most people thrive with a sense of purpose."
(Blair duQuesnay)
Chart of the Day

Mortgage rates are off their highs but still up a lot. (chart via Mortgage Daily News)
Podcasts
- Steve Chen talks with Sam Dogen author of "Buy This, Not That: How To Spend Your Way To Wealth And Freedom." (newretirement.com)
- Christine Benz and Jeff Ptak talk with Jordan Grumet author of "Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life." (morningstar.com)
- Noah Kagan talks money moves with Ramit Sethi author of "I Will Teach You To Be Rich." (okdork.com)
- Michael and Ben answer reader questions including the best investment accounts for your kids. (theirrelevantinvestor.com)
- Rick Ferri talks with Rob Berger about the best online money tools. (bogleheads.podbean.com)
Books
- An excerpt from "Buy This, Not That: How to Spend Your Way to Wealth and Freedom" by Sam Dogen. (getrichslowly.org)
- An excerpt from "Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life" by Jordan Grumet. (getrichslowly.org)
Retirement
- Spending shocks are real in retirement. (obliviousinvestor.com)
- Why you don't likely need a budget in retirement. (humbledollar.com)
- Four things to understand about income annuities. (marketwatch.com)
IRAs
- How to compare Roth and traditional IRAs. (caniretireyet.com)
- Why single-income couples should take advantage of spousal IRAs. (wealthmanagement.com)
Investing
- The case for Series I savings bonds. (wsj.com)
- Investors make mistakes when they play the wrong game. (yourbrainonstocks.com)
- Real estate has an emotional component that other investments don't. (nytimes.com)
- Why doctors are bad investors including 'no formal training.' (whitecoatinvestor.com)
- Teacher retirement investing options are still really bad. (bestinterest.blog)
Personal finance
- Don't let a recession mess with your happiness. (msn.com)
- What would you do differently if you were rich? (dariusforoux.com)
- How some wealthy families avoid the trappings of wealth. (humbledollar.com)
- When financial independence fades relative to health. (humbledollar.com)
- What we want from money changes over time. (bankeronfire.com)
- On the importance of prioritizing savings. (gofrombroke.com)
- Time is your most valuable asset. (awealthofcommonsense.com)