Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why slow and steady progress is hard to appreciate.
Quote of the Day
"Wealth is based around how others around us are doing. How things are framed matter for how we see the world around us."
(Kyla Scanlon)
Chart of the Day
Insights from the Charles Schwab Modern Wealth Survey (2023) including whether people value time or money more.
Podcasts
- Peter Lazaroff debunks conventional wisdom with Ashby Daniels. (peterlazaroff.com)
- Morgan Housel on the importance of keeping low expectations. (open.spotify.com)
- Christine Benz and Jeff Ptak talk with Talmon Smith about the coming wealth transfer. (morningstar.com)
Retirement
- Retirement has some distinct phases. (rationalwalk.com)
- Seven risks we all face in retirement. (whitecoatinvestor.com)
- Retirement is not a permanent end state. Things are going to continue changing. (humbledollar.com)
Work
- SVB and First Republic are prime examples of the danger of owning too much company stock. (wsj.com)
- 12 moves that high W2 income employees can take. (thomaskopelman.com)
- How much should you contribute to your 401(k)? (flowfp.com)
Spending
- The best purchases provide us both material and experiential happiness. (klementoninvesting.substack.com)
- Why the wanting is more enticing than the owning, the case of a Porsche Taycan. (radreads.co)
- It may be time to do a subscription audit. (moneytalks101.substack.com)
Wealth
- How much money does it take to feel wealthy? It depends... (awealthofcommonsense.com)
- Inheriting vast wealth can be a burden, or some cases a blessing. (thedigitalparty.com)
Personal finance
- Six reasons to simplify your investments including 'Easier tax filing.' (humbledollar.com)
- It's easy to get distracted by things that don't matter for your finances. (bestinterest.blog)
- The number of financial scams targeting the elderly is only going up. (humbledollar.com)
- Stop letting headlines stress you out. (tonyisola.com)
- Why we all need regular doses of Vitamin O, i.e. optimism. (abnormalreturns.com)
- How to connect with your future self. (forbes.com)
