Good Sunday morning everyone! I didn’t publish a Camp FIRE post last week so today I’m doubling the number a posts that I’m sharing with you from four to eight! I’ve got some good ones for you so let’s toss some gasoline on this flame and get the Camp FIRE burning!
Table of Contents
- The Best Personal Finance Articles of the Week
The Best Personal Finance Articles of the Week
four eight posts I’ve recently read that have stood out to me for one reason or another. I hope you get as much from reading these posts as I did. Feel free to add to the discussion in the comments section. And because this is a “round-up” post – PLEASE do leave a link back to one of your own recent posts, or to an article that you’ve enjoyed so that the rest of us can check it out!
All work and no play makes Jack a dull boy.
For those of us actively pursuing Financial Independence and Early Retirement it’s so easy to get caught up in reaching your goals and looking for new ways to save and earn, that you can forget WHY you’re actually doing all of this in the first place. Apathy Ends posted Life Is Too Short For Crappy Beer and reminds all of us to remember the journey! Check out this post and while you’re there be sure to wish him (and his wife) congratulations – they are about t-minus 7 days from having their first baby!
Where in the world is Steve?
You know that you want to retire early. You know how much money you need to reach financial independence. You’ve got a plan to make all of this happen. But do you know what you’re going to do with all of your time once you’re retired? What exactly are you going to do when you’re no longer have a 9 to 5? Steve from Steveonomics.com knows where he’s going – literally. Check out his Early Retirement Adventures post and see if it inspires you to figure out not only what you’ll be retiring from, but also what you’ll be retiring to.
Digging for gold.
Do you have a small fortune just lying around in your drawers? Vicki from Make Smarter Decisions did! She and her husband are currently downsizing in preparation for their full time retirement (about 97 days from today if my math is correct). Part of that downsizing naturally led to some de-cluttering – and it also led to some gold! Check out her post, There’s Gold In Them…Drawers! and see how she turned her old, forgotten jewelry into a significant amount of cash. She’s also got some great tips in her post if you’re interested in doing the same thing.
You can teach an old dog new tricks.
As a guy that got a late start on his own retirement savings, this post titled It’s Never Too Late To Start Saving For Retirement really hit home for me. The story about how Fritz from The Retirement Manifesto stumbled onto this post is just as good as the post itself! If you feel as if you’ve screwed up with our money or that you don’t have enough saved to retire, or that you’re too old to start saving then check out this post, find the motivation to keep grinding, and go nail your goals!
“You think you’re better than me?”
A popular strategy in the early retirement world is to significantly reduce your expenses by downsizing your home and/or moving to a lower cost of living area. But have your really thought this through? Are you willing to go a lower-income area – do you know what goes along with that? Mr. Groovy has a very interesting post called I’m Not A Man Of the People, I’m A Snob. It’s not what you think – but it will make you think so do yourself a favor and take 5 minutes to give it a read (especially if downsizing to a lower cost of living area is part of your plan). Good stuff, as usual, from Freedom is Groovy.
Stop looking for motivation and start building habits.
One of the hardest things about reaching early retirement is the waiting game. Figuring how how to reach FIRE is easy – the difficulty kicks in when you feel like progress isn’t happening fast enough. Miss Mazuma has a great post about using this time to create new habits that will help you live your life more intentionally. Creating new habits can help you better manage your finances, or can improve your health, or change what you do for entertainment – all of which can significantly lower your expenses. Read Shift Your Perspective And Create New Habits and see if can think of a new habit that you can develop to help you on your journey.
Heads they win, tails you lose.
Laurie from TheFrugalFarmer.net has in interesting question to ask you: Who Benefits From My Debt? Have you ever thought about debt in that way? I haven’t, but it’s an interesting angle. Debt really is an anchor that weights you down and holds you back. So why do we keep taking on more and more of the crap? In the case of financial debt, your pain is somebody else’s gain. Follow the money to see who wins when you lose. Figure that out then do all you can to avoid those people, products, and services moving forward.
Me too, Cody. Me too.
Have you ever thought about how loooooong a typical working career lasts? It’s about 45 years (from 20-65). The more you start thinking about what’s really going on here the more you start to realize what a terrible deal this is for you. You spend the best years of your life away from your family and friends and instead you spend that time with coworkers, and micro-managers, and terrible commutes, and all of other things that go along with your 9 to 5. Then when you finally hit retirement age, your health starts to fail and you begin to slow down. Cody from DollarHabits.com says that Working Until Retirement Scares Him To Death – and it should scare you too. This link is an intro to a guest post that he did for ThinkSaveRetire.com.
There you have it. Eight killer posts instead of the typical four. I hope you find one that inspires or motivates you to keep grinding to reach your goals. Did you have your own favorite post of the week? If you’ve recently posted something that you’re proud of, please leave a link to it in the comment section so that we can all come check it out!
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