Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how grandparenting affects your health.
Quote of the Day
"We constantly plan and worry about things that never happen. Wouldn’t it make sense to spend more time preparing for a 100% probability event?"
(Tony Isola)
Building wealth
- Nick Maggiulli, "There are no secrets when it comes to building wealth. If there were, then we would all be rich already." (ofdollarsanddata.com)
- Rubin Miller, "Nothing about being a great investor requires imagination." (fortunesandfrictions.com)
- Ben Carlson, "You’re never going to get caught up in a Ponzi Scheme investing in a total stock market index fund." (awealthofcommonsense.com)
Investing
- Four things to revisit during a bear market. (compoundadvisors.com)
- What you need to know about target date funds. (thomaskopelman.com)
- The only upside of the crypto crash is tax losses. (wsj.com)
Sudden changes
- How sudden wealth, think winning the lottery, changes us. (theatlantic.com)
- How to deal with a sudden loss of wealth. (impersonalfinances.com)
Spending
- Four steps to overcome an overspending problem. (morningstar.com)
- Housing and transportation drive your spending. (awealthofcommonsense.com)
Personal finance
- A lot of personal finance debates come down to differing preferences. (humbledollar.com)
- People respond to money stories, not charts and graphs. (humbledollar.com)
- Why human capital trumps financial capital. (moontower.substack.com)
- Beware zero-premium Medicare Advantage plans. (apnews.com)
- Higher inflation and falling home prices are making divorce proceedings more difficult. (wsj.com)
- It's hard to disentangle money and friendship. (monevator.com)
- The upside of being an active parent. (caseysnotes.com)
