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Author: Plutus Foundation

10 Harsh Money Lessons That You Never Learned in School.

Hey Plutus Family! Wednesday could not come fast enough. We are so excited to share this week’s content with you. Please enjoy!

Check out what we have for you this week.

13+ Beginner Investing Tips (for Success & Peace of Mind). [The Money Principle] — “Here, I’ll share the principles for successful investing and peace of mind that every beginner investor must know. These investing tips are not technical but specific enough to entice you to act.” (Submitted by Tarsha.)

The Road Trip – What Almost Everyone Gets Wrong on the Journey to FI. [Money Flamingo] — “If you want to solve the FI equation for enjoyment and success (that is about more than just numbers), you need to consider different “ingredients”. You also need to question some of the basic assumptions we make about Financial Independence.” (Submitted by J. Money.)

10 Harsh Money Lessons That You Never Learned in School. [Studenomics] — ” I’ve seen a variation of this message on social media over the years. Personal finance is one of those topics that we have to figure out on our own as we go through life, and it can be highly frustrating. This is why I wanted to look at what you likely weren’t taught about money as a high school or college student that you should know.” (Submitted by Tarsha.)

Did Judas Iscariot Make the Worst Deal in History?

Good morning, Plutus Family! We are so happy to share these great articles with you on hump Wednesday.  Enjoy!

Check out what we have for you this week.

Did Judas Iscariot Make the Worst Deal in History? [Young Money] — “My man literally sold the Son of God for an Uber from JFK to Manhattan during rush hour traffic. So yeah, Judas’s deal was pretty bad. But at least he didn’t spend $300,000,000 on two Papa John’s pizzas.” (Submitted by J. Money.)

Digital Envelope Budgeting System: Why I Love It.  [Social Work to Wealth] — “Budgeting is the formal process of organizing your income and your expenses. With a budget, you are creating a spending plan for your money.” (Submitted by Tarsha.)

Saved by Compounding.  [Humble Dollar] — “If I made a list of all the dumb things investors do, I likely committed them all. I chased performance, sold stocks in a bear market, invested in things I didn’t understand—you get the picture. Yet, despite the numerous setbacks I suffered before I matured as an investor, I was able to retire comfortably. How was that possible?”​​ (Submitted by J. Money.)

The Joy and Agony of Using Your Emergency Fund

Hey Plutus family!  I have a love-hate relationship with having an emergency fund. I love the fact I can save money, but then the thought of using it; hurts me to the core. How do you feel about having an emergency fund? Do you have a love/hate relationship with having an emergency fund? Let us know!

Check out what we have for you this week.

Less Cars, More Money: My Visit to the City of the Future. [Mr. Money Mustache] — “If I could have one single wish in the world, this is what I would wish for. It’s a change so massive that it would make every person on the planet better off and fix most of our problems in one grand sweep. And it’s probably not what you’d expect.” (Submitted by J. Money.)

The Joy and Agony of Using Your Emergency Fund.  [NZ Muse] — “It was our second to last night on holiday. Slumbering in a cute Airbnb in Napier. Literally the last thing I expected was a call from the local cops at 4am notifying me the car had been stolen (from right outside!) for a joyride, recovered, and the perp in custody.” (Submitted by Tarsha.)

Give More, Pay Less. [Tony Isola] — “Making money doesn’t create success; what you do with it does. The Go-Giver sold millions of copies based on the application of this premise. The book answered the eternal money question – How do we delineate true wealth? Your true wealth is determined by how much more you give in value than you take in payment.”​​ (Submitted by J. Money.)

April Fools’.

The month of April can be a little tricky, especially April 1st. Don’t be anyone’s fool and check out this great article on April Fools’.  See you next week Plutus Family!

Check out what we have for you this week.

April Fools’. [Jon Luskin, CFP] — “In investing, saving taxes is probably the single most important thing you can do. It’s OK to put your hard-earned money into a high-fee, poor-performing fund, as long as it saves you a tiny bit on taxes.” (Submitted by Tarsha.)

Don’t Let Your Financial Life Become More Water Than Oil.  [Poor Choices] — “Try not to put too much stock into what other people are doing with their money or life… you never know the full story. By spending some time thinking about what you truly value in life and then tracking your finances to ensure your spending is in line with those values, you won’t be tempted to cover up a bunch of water with a little bit of oil.” (Submitted by J. Money.)

The Wealthy Over-Thinker. [The Wealthy Letters] — “I thought I had it all figured out. But when I started working as a dentist in 2017, I knew almost immediately it wasn’t for me. I realised I had a lot to learn – and unlearn. That’s what I’ve been doing ever since.”(Submitted by Tarsha.)


How to Stop Being Broke: Change Your Money Mindset.

The Plutus team could not wait to share this week’s curation with you. We hope you enjoy it!

Check out what we have for you this week.

How to Stop Being Broke: Change Your Money Mindset. [Tucan Dream] — “Are you tired of living paycheck to paycheck, and having nothing to show for it? You have a good-paying job but still, it’s a financial squeeze to get through the month and make ends meet. You want to stop being broke but don’t know where to start. More than likely. it’s your money mindset that’s keeping you broke. Before you can change your money mindset you need to know what exactly it is.” (Submitted by Tarsha.)

All Together Now. [Collab Fund] — “Controlling your behavior amid uncertainty can be hard enough. Controlling your reactions to other people’s behavior is way harder. Fear is more contagious than any virus and can instantly push people to react in ways that would have seemed unthinkable a moment prior.” (Submitted by J. Money.)

2 Ways to Calculate Net Worth. [Crying In finance] — “Simply put, net worth is what you have minus what you owe. It’s a way to measure your financial standing, what you’re “worth” financially, how much money you have to your name, or however you want to state it. But the details of how to calculate net worth are nuanced and sometimes confusing.” (Submitted by Tarsha.)

The Levers That Money Can’t Pull.

Happy Spring Plutus Family! Check out what we have for you this week.

The 17 Income Streams I’m Working on Right Now. [Side Hustle Nation] — “What can your side hustle make free? That’s what The Side Hustle Snowball framework tries to answer. The idea behind this framework is to slowly erase or eliminate monthly expenses — starting with your smallest expenses and working your way up — with new income streams.” (Submitted by J. Money.)

How the Glorification of Struggle Is Both a Symptom and Cause of Financial Trauma. [Rakim Sabree] — “Somehow the devaluing of credibility, experience, and expertise of others is easier when we know that they had help. We hear the stories of those who received a loan, an inheritance, or were put in a position to be successful via education or some role at a company.” (Submitted by Tarsha.)

The Levers That Money Can’t Pull.  [More to That] — “If we can zoom out of any individual lever and take a holistic view of what makes us who we are, then we’ll see that money is just one character in the theater of life. That it can influence the direction of many things we care about, but not the things we care about most. That it’s a significant character in this story, but just a character, nonetheless. Because in the end, seeing that distinction makes all the difference.” (Submitted by J. Money.)

How To Live Below Your Means: Mastering the Art of Financial Discipline.

Happy Wednesday Plutus Family! Check out what we have for you this week.

Remembering Mom’s Money Lessons. [Margin Matter$] — “As I reflect on the life I had with my mother, here are some of the things that I remember the most regarding how she shaped my money mindset.” (Submitted by J. Money.)

Financial Seasons Yields Strategy: How the Pain Helps You to Pivot. [The Brands and Bands] — “I spent about 3-4 years living in overdraft. I moved to Texas & was still only getting paid $15/hr with a masters while I was obtaining hours. This week I just went shopping for myself for the first time in 4-5 years. Not just buying one outfit for an occasion— I went shopping.” (Submitted by Tarsha.)

How To Live Below Your Means: Mastering the Art of Financial Discipline. [A Dime Saved] — “Living below your means means spending less money than you earn. In other words, it means maintaining the financial discipline to keep your expenses under control. This way of living can help you in achieving financial freedom and stability.” (Submitted by Tarsha.)

Stop Using Finance as Your Coping Mechanism.

Hey Plutus family, it’s that time again. Check out what we have for you this week!

The Important, and Unimportant. [J L Collins] — “Important: becoming financially independent. In doing so you have bought your freedom. Freedom to spend your life and time as you wish without the need to trade your labor for money. Unimportant: whether you choose to retire from your job or keep working once you are FI. Being FI doesn’t require you to quit a job you enjoy. It just means you get to choose.” (Submitted by J. Money.)

Myth Busting Women’s Banking for Women’s History Month. [Femme Frugality] —”I keep seeing articles and some allusions on big financial sites that say something along the lines of, “It was illegal for women to have bank accounts in their own name before the 1960s.” (Submitted by Tarsha.)

Stop Using Finance as Your Coping Mechanism. [We Want Guac] — “Money is no substitute for relationships or achieving your goals. Money can certainly give you a nice roof over your head, food, clothes, experiences. It can even set you free from working for the rest of your life, if you so wish. It just won’t replace your need for a deep connection with others, nor will it truly fill the void with the less tangible qualities of life.” (Submitted by J. Money.)

Cheat On Your Bank-It’s Not Your Girlfriend

No one likes to be cheated on but is it ok to cheat on your bank.

Check out what we have for you this week Plutus Family!

Cheat On Your Bank-It’s Not Your Girlfriend. [Bitches Get Riches] — “When it comes to banks, I am a proud philanderer. Practically a libertine! A player! I keep money here, I keep money there… it all depends on what’s most useful and effective for both my long- and short-term money goals. Here’s where I keep my money and why.” (Submitted by J. Money.)

Episode 24: Grants for Autistic Family members with Sheletta Brundridge. [Mom Autism Money] —”You can use this money to fund therapy and healthcare needs, on top of everyday needs like weighted blankets, trampolines, fences, and home security systems. We’ll talk about how to find grants, how to write a successful application essay, and how to avoid scams as you conduct your search.” (Submitted by Tarsha.)

Trust Where You Are. [Millennial Money]— “Remember, this is not a race. This is about building a life you love on your own terms and in your own way. There is no set path. Only your path. All progress is progress.” (Submitted by J. Money.)

Getting Rich vs Staying Rich

Now a days, people try to come up with ways to become rich. They may have an invention that took off, or maybe won the lottery. They tried everything to get rich and succeeded. Do they have what it takes to stay rich?

Check out what we have for you this week Plutus Family!

Everyone Says I Need a Roth IRA. Do I really? [Women Who Money] — “What could be more attractive than being able to salt away thousands of dollars each year, have that money grow over decades free of tax, and then withdraw both what you contributed and what you earned in dividends with no tax liability at all?”  (Submitted by Tarsha.)

Do you Have a Treasure Map? [Wallet Hacks] —”The Treasure Map is the qualitative explanation of our financial setup. It is a Word document that explains the purpose of each account, the point of contact, and how each of the pieces fit together. Our treasure map starts with our financial map – which is a drawing of how our accounts are interconnected. Together, they give you a complete picture of our finances.” (Submitted by J. Money.)

Getting Rich vs Staying Rich. [Fi Physician]— “Once you are rich, you aim human capital towards staying rich. While you should keep some concentration going (do what you love or what you are good at), it is also time to take some cards off the table. You’ve got to stay rich, too.” (Submitted by Tarsha.)