This is where I will talk about all the great Blogs, Videos, and Podcasts that are out there. I will pick a few of my favorite articles and podcasts that inspired me this week.
Articles
What if Everyone Became Frugal?
“If there is less stuff that needs to be produced, then people don’t have to work as many hours to create it. That’s perfect, because many people will be dropping out of the workforce much earlier as they finish earning the money they need to get going on their early retirement. The shortage of available work will be balanced by the reduced number of people willing to do that work.”
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HOW OWNING INDIVIDUAL STOCKS CAN DESTROY YOUR PORTFOLIO
“Our shell-shocked investor surveys the wreckage on his portfolio. Beginning with a $100,000 investment, by investing 10% in an individual stock and that stock going to $0 has somehow left him with a portfolio only worth $47,161, or a -53% drop! How did a stock pick only worth 10% of our starting portfolio result in more than half of his money going poof?”
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Set Your Life On FIRE, and Maybe Somebody Else’s
“After some discussion, I decided a good way to spread the word in a non-obtrusive way would be to create a document that could be posted at your desk at work. (I understand this isn’t feasible for everybody. Keep reading) It’d be designed to serve as personal motivation, but it could also be used to stimulate conversation. After all, if you put up this flyer right next to a picture of your family, chances are somebody is going to ask about it eventually. That’s a great way to introduce the concept of FIRE without being the annoying coworker.”
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YouTube
Grit: the power of passion and perseverance
by Angela Lee Duckworth
“Leaving a high-flying job in consulting, Angela Lee Duckworth took a job teaching math to seventh graders in a New York public school. She quickly realized that IQ wasn’t the only thing separating the successful students from those who struggled. Here, she explains her theory of “grit” as a predictor of success.”