Welcome to Worth Your Time Weekly – May 3, 2018
Each Thursday, I do a quick post with 3-5 links I come across (or were emailed to me by you!) that I think are worth your time. This has been my first week traveling while trying to maintain the blog posting schedule and I’m pretty darn proud that I’ve posted all 3 links that have been due while I’ve been out!
Don’t forget to check out my 5 reasons you may or may not be ready to focus on a side hustle and my primer on how to start evaluating Real Estate.
Here come the on-the-road-and-making-time Links!
1. How to manage your career to make more money.
Keeping with the theme of whether you should be focusing on a “side gig” or if you’d be better off focusing on your primary career; Mr. ESI money has a great article on how to manage your career to earn more. This one is worth a read if you are still relatively new in your chosen career path. Work hard, be likeable, and continue to improve your skills…
2. Pay off low interest debt or invest – the eternal question?
This question gets asked far more frequently that one might think. Mr. BigLawInvestor does a very good job answering the question, in my opinion. Definitely read this if you have ever asked yourself this question or hadn’t thought about it until now. The best tactic might be his first on the list. Flip the question around… would you take a loan for the rate in question and invest it? Yes, or no?
3. Mr. Clements’ synopsis of the classic Four Pillars of Investing
This is Mr. Clements’ post summarizing some of the main topics from Dr. Bill Bernstein’s classic Four Pillars of Investing. The themes are also similar to Dr. Bernstein’s If You Can ebook – if you’ve read that. I recommend reading everything by Mr. Clements and Dr. Bernstein, but remember:
“Save diligently, diversify broadly, buy index funds, think long-term—and pay careful attention to risk.” – Dr. Bernstein
4. Are you happy? from Retirein1500
I’ve thought about this idea too, but Mr. 1500 wrote it better that I likely could. I like how Mr. 1500 questions where Happiness comes from. It isn’t merely not working or doing something you enjoy. You don’t magically become happy because you are retired. Life is far too short to continue in a job you dislike or to spend your time doing things you’d rather not. Having your financial ducks in a row allows you the option to stop doing things you don’t want to do. A bit philosophical, but worth a read for sure.