Author: Plutus Foundation

Happy Wednesday Plutus Family! Enjoy!!!

Check out what we have for you this week.

Numbers on a Screen. [The Belle Curve] — “Dealing with money is less tangible today than at any time in the history of money. Paychecks are directly deposited into bank accounts. Bills are paid automatically online. Debit and credit cards can be used everywhere (even in NYC cabs), and we are quickly adopting the use of Apple Pay, Venmo, and Zelle for a variety of transactions…. It sometimes feels like money is nothing more than numbers on a screen.” (Submitted by J. Money.)

#92. “I Hate Work! I Just Want to Retire!” [The Sytch] — “It’s completely understandable why this is the case. Working 8+ hour days in work you do not value can leave you mentally and physically exhausted.” (Submitted by Tarsha.)

Ranked: Things vs. Experiences vs. Things That Keep Creating Good Experiences. [My Money Blog] — “The benefit of material goods is that they don’t go away after the experience ends (food is eaten, cruise ends, etc). The best material goods are those that keep generating new positive experiences and memories.” (Submitted by J. Money.)

Hey Plutus Fam! Can you really learn about financial independence from Netflix? Well, check out this article and let us know. Enjoy!

Check out what we have for you this week.

The Real Cost of What We Buy. [Becoming Minimalist] — “If you want to become more intentional with your spending, here’s a truth that is helpful to keep in mind: Whenever we buy something, we’re deciding that it’s worth more than anything else we could have used that money for. You see, we only get to spend our money once.” (Submitted by J. Money.)

Make A Choice And Then Let Go. [Dinks on a Bus] — “When I was considering leaving my last job, I agonized over the decision. First, I told myself I’d only leave if the right job came along. And although it took me a little while, I did end up finding another job I’d consider leaving for. But even then, once I found it, I felt paralyzed. I worried I’d make a mistake by leaving. In my typical fashion, I made a pros and cons list. Even though I felt really good about the pros and cons list, that I’d thought of everything, it still didn’t seem to help me actually make a decision. So, I agonized some more.” (Submitted by Tarsha.)

What Netflix’s Beef Taught Me About Financial Independence. [Millennial Revolution] — “Have you ever been so angry you wanted to burn someone’s house down? If so, you’ll relate to the Netflix series “Beef”… I thought this was going to be mindless entertainment like the Tiger King feud between Carole Baskin and Joe Exotic, but it ended up being a deep, social commentary about life and unexpectedly made me think of how it relates to FIRE.” (Submitted by J. Money.)

Happy Wednesday Plutus Family!!  Grab your coffee and enjoy these great articles from the Plutus team!

Check out what we have for you this week.

Investing for 100-year-olds. [Monevator] — “If young people realize they might live past 100 and be in good shape to 90 or 95, it might make more sense to mix education, work and child-rearing across more years of life instead of devoting the first two decades exclusively to education, the next three or four decades to career and parenting, and the last four solely to leisure.” (Submitted by J. Money.)

Capitalism and the Environment: Are They Good or Bad for Each Other? [The Impact Investor] — “The impact of capitalism on the environment is not a new concern. It can be changed back to the foundation of capitalism in various ways. The fundamental function of capitalism is the competitive exchange of products or services to create a profit.” (Submitted by Tarsha.)

The Changing Landscape Of High-Yield Savings Accounts. [Financial Panther] — “If you have money in a savings account that’s still paying nothing, you absolutely need to move it. With rates where they are now, it’s an insult that some big banks are still paying nothing for their savings accounts.” (Submitted by J. Money.)

We hope we did not keep you waiting too long. Enjoy these great articles Plutus family!

Check out what we have for you this week.

From Dawn till Dusk: A Lifetime Condensed Into 24 Hours. [Mantaro Money] — “What would your life look like if it was condensed down to 24 hours? Would you be happy with how you’d spent your day so far? Do the plans you have for the rest of your day fill you with excitement or dread? Do you have any plans at all?” (Submitted by J. Money.)

ABLE Age Adjustment Act. [Saving for College] — “ABLE accounts have been around since 2014, but in late 2022 they got a facelift via the ABLE Age Adjustment Act, which passed as a part of SECURE 2.0. This new law ups the maximum age of onset of disability from 26 to 46, nearly doubling the eligible user base.” (Submitted by Tarsha.)

Plowman’s Lunch. [Humble Dollar] — “The conditions that made gardens practical and thrifty have faded. Nevertheless, each spring in my backyard, I drag the plow of the past habits of long-dead loved ones back and forth.” (Submitted by J. Money.)

Wednesday could not come fast enough. The Plutus Team searched high and low and found these great articles for you. ENJOY!!!

Check out what we have for you this week.

The Best Low-Cost Vacation Hack Available. [Financial Success M.D] — “I have owned, traded, and vacationed using my timeshare for more than 30 years and love it. I own a single week of timeshare in New Orleans and have yet to stay in the unit I own. My happy experience is contrary to what is found on social media. There is a reason for that. Most complainers never learned how to buy and use a timeshare correctly, so they don’t actually know how great and inexpensive owning and using one can be. For the right people, timeshare hacking will save a fortune in travel expense.” (Submitted by Tarsha.)

Money Where Art Thou? [Happily Disengaged] — “Each morning when I wake up to go to work to earn money, I tell myself how lucky I am to have a job. To have a nice warm bed to get up from. A family I get the privilege to support. Even if I’m tired of going to work to make money, doesn’t mean I’m tired of receiving money and putting it to work for me. Because in the end, if I’m doing it right, my money will someday end up working for me, instead of me working for it.” (Submitted by J. Money.)

Career Advice for Kids. [Bluetree Savings] — “I’m not a careers expert but I heard a great little story which I shared with my daughters and it led to an interesting discussion about mindset when thinking about careers. I hope you share this with your kids and see what reaction you get.” (Submitted by Tarsha.)

Hey Plutus Family, if you love mastering games, check out this great article from The Sytch.

Check out what we have for you this week.

#54. Master the Game: 5 Habits from Highly Successful Investors. [The Sytch] — “The number one habit that successful investors have is consistency. They have a plan put into place and consistently make decisions that align with their strategy.” (Submitted by Tarsha.)

The Liabilities of Success. [Of Dollars and Data] — “It’s easy to idolize the accomplishments of those who are more successful than you, but it’s hard to understand the price they paid for that success. This is why you have to think deeply about what liabilities you are willing to take on prior to embarking on a new project.” (Submitted by J. Money.)

We Paid Off $17k Of Debt In 2022! [Goodbye Whine to 5] — “We wanted to pay off all our non-consumer debt, and we didn’t quite make it but we came VERY close. We had to dream big for that goal and I am so glad we set our sights high. I want to go into the nitty gritty of the debt numbers, how we did it and what’s next for us!” (Submitted by Tarsha.)

Happy Hump Day Plutus Friends!!! Enjoy these great articles.

Check out what we have for you this week.

Be Someone Whose Life Is So Interesting, No One Can Stitch Together Your Timeline. [Simple and Straightforward] — “Simple living gives you options. Having the opportunity to live a full, interesting life is probably the biggest and most important option of them all. I want to finish my life with more to show for it than a big house and lots of stuff. I want to finish life with people wondering how the hell did she fit all that into 80+ years?” (Submitted by J. Money.)

Is Money Stress Killing You? Tips to Help You Stay Motivated. [Harris Cash Coach] — “You might feel like giving up on managing your money for many reasons. It can be a lot of work and frustrating when you don’t see results right away. Finding ways to stay motivated and on track with your financial goals is important. Staying motivated can help you reduce money stress, build wealth, and achieve your financial goals.” (Submitted by Tarsha.)

What are the risks of index investing? [Wallet Hacks] — “Index funds offer a very compelling sales pitch: instant investment in the stock market (whatever the fund represents), exceptionally low fees (often less than 0.05%), low maintenance. But are there risks to index funds? Are there any reasons why we shouldn’t be using index funds? Today, I want to play a little Devil’s Advocate and point out some of the potential risks of index investing.” (Submitted by J. Money.)

Happy Wednesday Plutus Family! Take your pen and paper. It’s time to take notes!

Check out what we have for you this week.

Get Rich…Holistically. [The Escape Artist] — “There are four pillars to achieving financial freedom: earn more, spend less, invest the difference wisely, and know how much is enough. If we want to build wealth AND be happy, we must master each of these 4 pillars.” (Submitted by J. Money.)

ABLE Age Adjustment Act. [Saving For College] — “ABLE accounts have been around since 2014, but in late 2022 they got a facelift via the ABLE Age Adjustment Act, which passed as a part of SECURE 2.0. This new law ups the maximum age of onset of disability from 26 to 46, nearly doubling the eligible user base.” (Submitted by Tarsha.)

Wisdom from the Woods: Walden by Henry David Thoreau. [A Trip of a Lifestyle] — “Most of us could work 50% less and still live very rich lives (especially from a historical perspective). In spite of this, the majority of middle-class Americans spend the remainder on smartphone upgrades, TV subscriptions, take-out food, five-figure cars, and oversized houses. And when each paycheck is expended, they show back up at work to do it all over again.” (Submitted by J. Money.)

We are back Plutus Family. Please enjoy these great articles!

Check out what we have for you this week.

Kids & Money- Empowering the Next Generation. [MitlinFinancial] — “We cannot rely on schools to educate our children, so we need to take this responsibility into our homes and educate our children. Those families that have a solid understanding of financial literacy can take that on themselves and those that do not, need to lean on someone or a professional that does. We have helped many of the families we serve to educate the next generation on creating and maintaining good financial habits.” (Submitted by Tarsha.)

Don’t Sleep, There Are Snakes. [Poor.Choices.] — “The Pirahã are lean in appearance, fiercely independent and wary of outsiders and outsiders’ ways of life. They are also very reciprocative, incredibly joyful, and quite peaceful. And as this is a website devoted to words about money, they represent the best lesson in personal finance; wanting less is having more.” (Submitted by J. Money.)

How to File Your Own Tax Return Like A Pro (and get ₪₪₪ back!).  [Fionist Dream] — “Have you ever filed an Israeli tax return? If you are a salaried employee in Israel, you are probably grateful for the fact that you don’t HAVE to. Your employer takes care of it for you. But can you? Should you?” (Submitted by Tarsha.)

Happy Wednesday Plutus Family! We are so excited to share this week’s content with you. Please enjoy!

Check out what we have for you this week.

19 Business Ideas Free for the Taking! [Side Hustle Nation] — “Today, we’re doing another round of business idea giveaways with serial entrepreneur Steve Chou. Steve built not one but two 7-figure businesses — and started both as side hustles.” (Submitted by J. Money.)

Lightyear Could Just Be the Best App for Investing. [Money Side Up] — “This isn’t like a trading app either, so you don’t have to worry about jargon! Instead, this is one of the best apps for buying ETFs. These are exchange traded funds – which means you can buy into hundreds or thousands of stocks in just a few easy clicks. This means it’s not overwhelming like other investing apps.” (Submitted by Tarsha.)

From Skeptic to “Ah hah!”: A Review of The Show ‘How to Get Rich’ with Ramit Sethi.  [Financial Mechanic] — “A rich life might bring to mind limos, lavish parties, and jumping off yachts, but that’s not necessarily your rich life. Owning a house might be what you consider something a ‘successful adult’ does, but what is someone else’s rich life might not match your vision. Each person has to go a little deeper than other peoples’ expectations of a Rich Life.” (Submitted by J. Money.)