Interesting Stuff on the Web

Interesting stuff on the web is what I have read through out the week. I read a lot of articles and there is always a few that I feel is worth you reading. Often I have a different opinion than the articles I post on Interesting Stuff On The Web but they are all well written pieces. Here are the links. Enjoy !!

The 26 best places to travel in 2018/Mic Network “Whether you have a few days of vacation or several months, there are hundreds of destinations to consider in 2018. But which ones are worth your while?”

Gross Domestic Problems/John Mauldin Fictitious Wall Street villain Gordon Gekko famously declared, “Greed is good.” I think actual Wall Street titans would mostly disagree. They would change one word. Instead of “greed,” they would say, “Growth is good.” That is Wall Street’s real mantra. Growth is the magic elixir we all need.”

How to Face the Dark Sides of FIRE/Financially Alert “FIRE (Financial Independence, Retiring Early) is a worthy goal to target. There are a huge number of positives with this modern movement, but FIRE is a double-edged sword.”

How Much Investment Risk To Take In Retirement/ Financial Samurai “In early retirement, I concluded that I needed to take the least amount of risk necessary to maximize my chances of never having to go back to work full-time again.”

 

Comments

  1. Hi Steve, The Financially Alert article is a good one. Thanks for the link. I like his point on cash flow versus net worth. I used to be obsessed with building my net worth, but over time I switched to thinking more about cash flow. It is a balance since they can be closely linked. But cash flow from investments can be more stable than net worth that is subject to market volatility. Tom

    • Hi Tom, the older I get the more I focus on cash flow over net worth. The closer you are to retirement the more you need the cash flow.

  2. Thanks for sharing these links.

    How to face the dark sides of FIRE stood out to me. What he says in that post is so true. There were a lot of points he mentioned that crossed my mind many many times.
    His post just reinforces my prior thoughts.

    I definitely think it’s important to separate net worth from cash flow… just being able to access that stable cash for daily spending is so important!

    So yes, I really believe that it’s important to plan and see if cash flow will be sufficient before cutting the cord.

    Not to mention, as much as people drive me nuts, I would probably miss some of my coworkers and the “working” lifestyle if I pulled the plug too soon. People always think the grass is greener on the other side. I also find that people only want things that they don’t have.

  3. Thank you for the travel link as always!! I love it.

    Malta and Zibabwe for Victoria Falls looks amazing.

    I have been to Uganda to see the gorillas and go gorilla family tracking. It was with my two girlfriends. We were in the forest and had 3 young fellas with machetes and guns with us, probably not the BEST idea but we made it out alive. It took about 3 hours of hacking thick jungle to find the family. We got to hang out with gorillas (including a baby gorilla) for a few hours. The baby gorilla actually thumped his chest like the movies!

    It was amazing and one of the best experiences of my life (minus the downpour of torrential rain afterwards which soaked my passport).

    • Great memories GYM, that sounds like an excellent experience. Africa (safari ) is on my bucket list. Uganda sounds good too. You must be use to torrential rain if you are getting the same rain in vancouver as we are in Victoria.

    • Excellent, I always like to save a few articles on my phone for when I have some extra time for reading.

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