Wednesday, February 1, 2023
HomeRetirementBetter of the Net 8/15/2022

Better of the Net 8/15/2022

Earlier than diving into the picks, I wish to take a second to thank all the readers who left such considerate and respectful feedback the previous two weeks. I usually strive to answer each touch upon the weblog.

The quantity and depth of the feedback these previous couple of weeks has merely been overwhelming. So I wish to acknowledge you all for taking the time to learn and share your tales, experiences, and knowledge. I’m lucky to have you ever as readers.

I begin the picks with knowledge from a number of of my favourite monetary writers. We’ll study how we spend our cash and our time after our monetary wants have been met, and contemplate if monetary independence might be misplaced.

I shut with a number of audio gems to hearken to as you squeeze in these finish of summer season highway journeys. Take pleasure in!

Choices From a Few of My Favorites

We’ll open with a chunk about wealth from Morgan Housel that’s each well timed and timeless, Wealth vs. Getting Wealthier.

Christine Benz says There’s Extra to Investing Than Simply Threat and Return.

I’ve learn Jonathan Clements work for years, however by no means knew a lot concerning the man behind the phrases. He will get private, sharing the highs and lows of his private and monetary journey in Now and Then. It’s fascinating, and makes me respect him much more than I already had. Kudos!

How Are You Spending Your Cash?

Spending cash in retirement is a problem for many people.

Maddie Burton writes What Do You Spend Cash On? Classes From Our Shoppers About Spending That Brings True Pleasure. She affords nice ideas that can assist you spend extra deliberately.

Fritz Gilbert examines How Actual Folks Handle Their Cash In Retirement. One of many key findings is that many individuals usually underspend in retirement.

Being afraid to spend down belongings in retirement is a typical problem. That doesn’t imply we should always simply spend wildly both. Mike Piper reminds us of The Third Motive To Use a Conservative Spending Charge in Retirement.

And How About Your Time?

Many individuals get caught within the all or none dichotomy of monetary independence and particularly retirement.

The Cash Flamingo makes use of a unbelievable analogy to elucidate why this mind-set is The FIRE Neighborhood’s Biggest Flaw.

Jillian Johnsrud suggests utilizing your monetary independence as a possibility to rethink The Roads Not Taken.

Audio Gems

Wade Pfau is one in every of, if not the, preeminent retirement researcher. Nevertheless, as a tutorial, his writing is usually dense and tough to digest. Christine Benz and Jeff Ptak did a unbelievable job having him clarify a variety of necessary retirement points in a concise and relevant method when they interviewed Pfau on Morningstar Longview Podcast.

Rick Ferri interviewed Rob Berger on the Bogleheads on Investing Podcast. Readers who discovered this weblog by way of Darrow’s fashionable calculator evaluations will seemingly take pleasure in listening to Berger’s breakdown of the perfect calculators and monetary instruments out there at the moment. However, the portion of the interview I discovered most attention-grabbing was listening to 2 thriving and productive guys acknowledge early indicators of slowing down with age and focus on how they plan to handle their funds into previous age.

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[Chris Mamula used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design at Can I Retire Yet? Chris has been featured on MarketWatch, Morningstar, U.S. News & World Report, and Business Insider. He is also the primary author of the book Choose FI: Your Blueprint to Financial Independence. You can reach him at]

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