Welcome to the round-up!

Below are the posts we read, found interesting and loved this week for a variety of reasons. They are inspiring and thought-provoking and we’d like to share them with you.

 

USA Today Money

How much do you need to fund retirement? More than you think

From the article:

“Don’t shoot the researchers.

Yes, a new study indicates that those saving for retirement will need to increase dramatically the percent they save for retirement if they want to fund their desired standard of living in retirement.”

This is one of the most informative and by far the most shared article this week on retirement. What’s concerning? The article discusses working until you’re 70 as a reasonable option among the other usual concerns of longevity. Also is discusses how much extra high-earners will have to save should they wish to continue their current standard of living in retirement. Is this realistic? We think downsizing and culling the largest expenses is the safer way to continue.

 

Retire By 40

Why I Prefer DIY Retirement Planning

This post is a comparison of the blogger’s advice (Joe Udo) and that of a financial advisor’s advice. It’s comprehensive! Joe Udo prefers his own advice over the financial advisor’s.  Is this an example what to do or what NOT to do for you? Joe Udo is saavy, no doubt. Are you? Most people can’t replicate this or get anywhere close. DIY works if you have this level of understanding. If you can thoughtfully critique a pro, go for it. If not, get professional advice. Great article!

 

Financial Samurai

Are Americans Really So Financially Unprepared?

From the article:

“According to an American Psychological Association survey, 72% of Americans say they’ve felt stressed about money at some point in the last month with as many as 50% so stressed out they admitted to not being able to sleep. Is that you? Hope not, because this is Financial Samurai! If so, please read every single post on my site before spending your next buck.”

“I also found a 2015 Federal Reserve survey monitoring the economic well-being of U.S. households. The survey reports that 46% of adults claim they either could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money.”

Something for thought from the Financial Samurai:

“Are people getting wealthier reading personal finance sites? Or do wealthier people have a higher proclivity for reading personal finance sites? I’m sure there’s a mixture of both. But one thing I do know is that any of you who’ve been taking my advice since 2009 should have seen your net worth more than triple since!”

What do you get from reading financial blogs?

 

Financial Mentor

Ten Percent Rule To Build Wealth

From the article:

“It takes 80%-90% of your energy just to break even – to maintain status-quo. The last 10%-20% is where you build wealth.

That’s why so few people succeed financially: they stop moving forward after getting 80%-90% of the way there. The last 10% is what you need to make forward progress.”

Great article on doing the small things that over time add up!

 

Career Pivot

Repurpose Your Career Podcast

Excellent podcast interviewing Taylor Pearson author of The End Of Jobs. One of our recommended reads.

 

Shout out to Kurt Fischer at My Money Counselor for featuring our article this week! Can’t Seem To Save?

From the article:

“You know you should save, you want to save, you’re committed to saving, but still you’re not saving, at least as much as you’d like. Feel familiar? Today’s guest post from Ian Bond is all about getting you over the savings hump. Enjoy! – Kurt
When you’ve spent a career handing out financial advice, it’s easy to spot the spending habits that keep people from saving. It’s that yearly vacation, an online shopping addiction, expensive football tickets, or some other culprit. I recently saw a tweet from Dave Ramsey blaming car payments as the #1 dopey expenditure.
I agree that all these things definitely add up to keep you in debt, but I bet you none of them are the #1 reason you can’t seem to save.”

 

Have a fantastic week!

Ian Bond

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