Highlighting just some of the great personal finance blog posts of this past week.
What’s Your Magic Number? The (literally) million-dollar question from @leanlifecoach (guest post by @finengr) It’s always good to have goals. For your retirement, you are going to need to make some assumptions, just make sure you realize that things aren’t going to happen the way you planned.
Great Financial Advice From The In-Flight Safety Handbook from @enemyofdebt This is a great lesson that too many people forget about. You can’t help someone else if you can’t first help yourself.
What is Wrong With Chasing Bank Rates from @mjtm I’m stealing Financial Engineer‘s quote from the comments: “Chasing rates is almost like the equivalent to a risk-adverse day trader. You spend a lot of time for little return, and you get caught with your pants down and miss that big opportunity.” I couldn’t have said it better myself.
Why it’s Important to Buy during Doom & Gloom News from @Matt_SF Rule #1 of investing: buy low and sell high. Need I say more?
Cash is king, or cash is trash? from @Monevator I’m just not a fan of excess cash doing nothing for you.
Rich Friends, Poor Friends, Can You Be Their BFF? from @plantingdollars This is a good though-provoking. I’m a believer that you are the average of your five closest friends. Doesn’t mean you can’t change friends.
Make sure to check out my appearances this week:
- Yakezie Challenge Carnival from @cjbowker
- The Katana: Revisiting Our New Year’s Resolutions from @financialsamura
- Weekend “Yakezie” Round-Up from 20sMoney
Related posts:
