I fully embraced my vacation mode. I am home with family and lazied out. So here are some blog posts I read recently that I think you will find interesting. I will be back on January 3rd with the regular upload schedule.
Thank you all for all the support in 2023. I look forward to the awesomeness in 2024.
Ben Carlson, 8 Things I Think I Think. I just loved his take on Americans and Large SUVs. I believe cars are one of the biggest reasons most people are in debt in the US.
Nick Maggiulli on Liquid Net Worth? And Why It is Important. This post put into words why I hate net worth and believe it is a useless personal finance number. But Nick also cautions on the dangers of ignoring net worth.
A keen warning from Nick in the Post Doing The Thing vs Selling the Thing. As a new Bull Market begins, it's time to turn up your Bull Shit detector cause all kinds of grifters and fraudsters will be looking for ways to get in your pocket.
Kyla Scanlon on How Social Media Shapes Economic Perception. Its a bit of longer post but Kyla does a masterful job of explaining why we feel the way we feel about the economy.
For those in a relationship, I loved these two articles from The Joint Account by Douglas and Heather Boneparth.
Cleaning Out the junkyard: A great framework on how to think about the gifts you give your children.
Hobbies: A good way to think through how and if a certain hobby that costs the family money should or should not be supported. I especially loved the simple matrix Doug created.
Morgan Housel on The Full Reset. The best way to make the most change is to not be burdened with an old way. In other words, completely destroying or killing something might be the only way to make REAL progress.
Morgan Housel on Frugal vs Independent. YES, another Morgan Housel recommendation. Morgan discourses a man who died at 82 with no car or furniture but was a multimillionaire. He asks the question if the man was Frugal or Independent? I love the way he answers the question.
Jack Raines, Americans aren't poor, They're Pre-Rich. I loved what Jack does in this piece. He puts things in amazing perspective of why we are the way we are in the US. Our unabashed optimism leads to some great things but also comes at a cost.