Interesting Stuff on the Web Volume 27

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 !!

 

 

Warren Buffett and Ray Dalio agree on what to do when the stock market tanksBut for the average person, shifts in the market, even ones as dramatic as the ones we’ve seen this year, shouldn’t be cause for panic. During times of volatility, seasoned investors Warren Buffett and Ray Dalio agree that it’s best to stay calm and stick to the basics.”

 

fatFIRE vs leanFIRE/ Smelling freedom “The FIRE community is made up of strong people with clear views regarding what they consider the “right” way to FIRE. LeanFIRE is by far the favourite approach, based on reducing expenses to the bare minimum and living a frugal life. There is, however, a much smaller tribe that advocates for a different way of doing things.”

net worth means nothing if you don’t have cash flow/Gen Y MoneyAlthough everyone in the personal finance blogosphere is obsessed with their net worth, in fact, they have a Rock Star Directory displaying the net worth tracker of personal finance bloggers.”

The Geography Of Debt In America/ Accidental FIRE  “A while back I did a guest post on Millennial Money Man about the Geography of Student Loan Debt in America. Well this post is about the geography of overall debt in America.”

 

 

 

Don’t wait for retirement to enjoy life !!

Comments

  1. Steve, Thanks for the links. I enjoyed GYMs article. I call her concept asset rich and cash poor.

    On a side note, you should write your FIRE hero’s journey. Check out RB40s post from yesterday as well as mine if you haven’t already.

    Being a business owner and all around good dude, I’m sure you have a great story to tell. Getting linked on RB40s site and part of the “chain letter” would be nice recognition for your blog. Aside from that, I think it’s just a fun thing to be a part of.

    One thing that sets us slightly older bloggers apart from the masses is we have actually made the journey.

    Caroline, Are you out there? I’d like to hear your story too!

    Tom

    • Interesting Tom ! I have been super busy (springs here!) I must have missed them. I will go check out yours and Joe post now. Chain letters are fun so I will see how much time I have this weekend. Thanks

    • Anytime, a fantastic article and liked the colour map.
      I have written a few post on the massive amounts of debt we are holding and it is shocking. But close to 70% of the population are in debt collection in some states? that’s Crazy! Thanks for putting the information together.

  2. Hi Steve, I also like GYM’s post about cash flow. That’s something people do need to pay attention to, especially retirees.

    I also like the advice of Warren Buffett and Ray Dalio. It makes great sense at this time when the market is so volatile. Focusing on the long terms, instead of the daily ups and downs.

    Thanks a lot for sharing the articles.

  3. Awe thanks Steve and thanks guys for liking my post! I’m still working on that cash flow haha.

    Yeah, I would love to read your story! To me, I feel that business owners don’t feel as much need for FIRE because they are happy with their business? Maybe that’s an assumption, would love to hear your thoughts.

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