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Wednesday Wordsmiths: 2017-02-01

To help you mentally escape your commuter hell, here is the week’s collection of great reads from around the web.
Escape to your happy place with Wednesday Wordsmiths
A soul-destroying commute can suck the joy out of life.

Sardined on an overcrowded commuter train, gridlocked on the road to nowhere, or riding the bus while attempting to ignore that crazy old lady talking to her groceries… you are as far as can be from your “happy place”.

To help you mentally escape your commuter hell, here is this week’s collection of great reads from around the web.

How to Teach Your Kids All the Money Lessons They Won’t Learn in School

Brad Lohnes outlines an interesting framework for educating children about where money comes from and how it can be wisely used.

The All-Cash Plan – How to Get Free & Clear Rental Properties

Chad Carson outlines a conservative approach to utilising real estate investments to build wealth and generate sustainable passive income. It uses a similar approach to the one I outlined in my popular Debt Recycling post, but will be a bit slower achieving the desired goals because it does not involve utilising leverage.

The Weighing Machine

Mr Tako outlines the approaches and personality traits required for successful value investing.

When Do You Finally Feel Rich?

Sam Dogen asks the question at what point do you actually feel rich on the journey towards Financial Independence. Some of the comments at the bottom of the post are fascinating, demonstrating just how differently common terms like "rich" can be interpreted.

What Was Your Money Epiphany?

Derek Olsen asks the audience to describe the moment when they started paying attention to their finances. What was the trigger, and what did they do about it?

Generation Rent

The author of the Sex Health Money Death blog discusses the downsizing decision that faces many retirees seeking to release accumulated equity trapped in the family home in order to sustain their retirement. He weighs up adopting a renter mentality and a follow the sun lifestyle, versus providing his children with an advance on their inheritance at a point in their lives when the money would actually make a meaningful difference. Tough decision that one.

What If You Live To 100?

Fritz pens a thoughtful post examining the risks associated with retirees outliving their retirement funds. This is a realistic problem potentially facing many early retirees. His finishing thought of "be nice to your kids, because you might end up living with them" is sage wisdom indeed!

So what?

If you've finished all those and you still haven't reached the end of your commute then you really need to rethink your priorities! In case you missed it, here is one final recommendation for this week: What financial advice do you wish your parents had given you?


The Retirement Manifesto said...

Hey Dad! Thanks so much for including me in your Wed Words, a real honor!!

Slow Dad said...

My pleasure Fritz. Keep writing those informative articles.

Chad Carson said...

Good company to be in! Thanks for including my article as well, Slow dad. I love what you have going here with the blog.

Slow Dad said...

Thanks for the kind words Chad.

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