5 great articles, Podcasts and Videos that made me smarter this month

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Credits: James Tarbotton

As a Personal Finance blogger, I love the diversity of view-points and topics that are around us and some of the content is really great. It helps me understand some of the big trends and make better decisions on my own journey to Financial Independence.

I’ve selected for you 5 great articles & Several podcasts + Videos that made me smarter this month.

It’s never enough

Many of the folks on a path to Financial Independence will eventually end up in the 1% of wealth per household in the US, which is pretty impressive. By many standards, they will eventually be considered rich or even high net worth individuals.

But they are also pretty frugal.

I recently came across a couple of extremely rich & un-frugal lifestyles that were both impressive and puzzling :

Who the heck buys this kind of stuff? Conclusion : be happy with the money you have, because there’s no limit to how much can be spent!

August’s also been a good month with some great posts here on the blog. If you’ve missed this month’s articles, you can catch up with the list below.

Now grab a cup of coffee and read on my selection of the 5 most informative articles (and podcast and videos) of August!

Apart from the thousands of folks who have read our blog since we started it in April this year, we’ve really not told a soul about our early retirement plans.

Not that you guys don’t count, but it’s a heck of a lot easier to share secret plans anonymously with the entire world, than in person with family and friends. The online FIRE community is a wonderful validation of our dreams and aspirations, but outside of that remains real life and ‘regular’ people.  Family and friends who have most likely never considered the possibility of living life without working until 65 years old.

So what’s it like to start telling people? Read More…

When it comes to money, we all are motivated by different factors. Those motivating factors can also change over time based upon our formative life experiences.

However, for as long as I can remember, my motivation to achieve financial success has always been about one primary factor:

LegacyRead More…

Every day there’s another article about how all of our retirements are doomed. Public pension promises in the U.S. vastly exceed their ability to pay. We now need nearly $400,000 at age 65 just to cover health care costs. And retirement itself increases your risk of depression by 40%.

For many of us, it’s starting to feel like the light at the end of the tunnel of life has been blocked by a triple-bolted steel door. Who’s to blame for this mess?

The Germans. Read More…

I hate debt. Owing money feels terrible and dirty. I’ve been there.

Coming out of college, I had $60,000 in loans and it was suffocating. I can clearly remember the day I made the final payment, 15 years later. I still have the letter from Sallie Mae congratulating me on paying off my loans. Good riddance.

At the same time, I willingly have mortgage debt. My current home set me back $176,000, and I had the money to pay cash. I briefly considered it but instead took out a mortgage. I kept the money invested, mostly in an S&P 500 index fund. Let’s take a look at how the experiment is coming along. Read More…

 

An American investment banker was taking a much-needed vacation in a small coastal Mexican village when a small boat with just one fisherman docked. The boat had several large, fresh fish in it.

The American investment banker was impressed by the quality of the fish and asked the Mexican fisherman how long it took to catch them.

The fisherman replied, “Only a little while.”

The banker then asked why he didn’t stay out longer and catch more fish?

The fisherman replied he had enough to support his family’s immediate needs.

The banker then asked, “But what do you do with the rest of your time?” Read more…

So many sub-prime car loans are being issued, it has recently reached a 10-year high. If the phrase “a boom in sub-prime loans” is making your eye twitch with flashbacks to the mortgage crisis, just wait we will get there…

7Podcasts Selection

 

There is so much great content available online and offline, if you have read / watched / listened to some great content this month, please share in the comments below!

-Nick

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12 COMMENTS

  1. Nick,

    Thank you so much for the mention and including our article in this illustrious company. Appreciated!

    The MF podcasts are so good and jammed with little nuggets of information that I find myself listening to them more than once.

    And that sarcastic dry humor from Oliver is right in the Mr. PIE wheelhouse, being British also.

    Been listening to some of the Meb Faber podcasts. He is a quant, and some of his material is a bit technical. A lot of practical stuff mixed in as well though.

    Enjoy the weekend.

    Mr. PIE

    • You’re welcome Mr PIE and thanks for the suggestion of the Meb Faber podcasts. I’m currently reading the 2nd book from him and love it so far, so I should check out his podcast too (I might write a post on this).
      Mad Fientist does really great interviews, I always look forward to the new episodes. It’s always refreshing.
      The British humor is great and Oliver has done amazing work on seemingly boring but important subject, he’s replaced Stephen Colbert on my favorite Youtube shows.
      Enjoy the 3-day week-end!

    • Hi Josh – I’m so sorry, thanks for pointing that out! I’ve fixed it now.
      It was very inspiring to hear about the humble beginnings of BiggerPockets before becoming the #1 reference for real-estate investing. A great story of entrepreneurship. Thanks for bringing real-estate investing to the internet, out of these shady weekend bootcamps!

  2. Ah I’m such an avid reader of Business Insider (I browse for 30 minutes in my app before I go to bed) and I saw the headline and thought “oh, another story about a millionaire recommending something” and then I saw the author and I was like “I know who that is!” Bloggers are so well connected 🙂 I loved FS’s post as well, finding your motivation and never forgetting can help you keep going.

    • Same here! I initially saw the article on Yahoo Finance and noticed, in small print, the name of the author. This is amazing how much more exposure he got with this article, with 1.3M views in a couple days on Business Insider. Another great article from Mr 1500!

    • That’s why it makes me cringe when I hear “I just don’t make enough money” when people have just bought a new car, a new TV or whatever. The ultra rich can make billions and still have the same problem when trying to buy a new jet or a new mansion. The problem is often not amount of money we make, but how we spend it.

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