Author: Plutus Foundation

Hey Plutus family! Have you ever racked up medical bills and wonder how you were going to paid It? Have you ever wondered how someone can pay off $100k in medical debt? Well, we were wondering too and came across this great article on how Ana paid off $100k in medical debt.

Here’s what we wanted to share with you this week.

Creating a Safety Net for Your Life. [Physician on Fire] — “We all know that life is unpredictable. In fact, the only thing that’s certain is that things will be uncertain. Despite this, or perhaps because of it, I think the majority of people are risk-averse. We’re concerned about the future and its potential for unfortunate circumstances. If we weren’t, there would be no such thing as insurance–and there’s insurance for just about everything.” (Submitted by Tarsha.)

How Ana Paid Off $100k of Medical Debt. [Her First $100k] — “What I thought would be a quick visit to the emergency room to get a cast suddenly turned into a three-day hospital stay with around the clock care – a stay that would have to be paid out of pocket because I didn’t have health insurance.” (Submitted by J. Money.)

The Biggest Risk of All. [Money Flamingo] — “In the personal finance community we often talk about risks. The risk of running out of money in retirement; the risk of picking the wrong investment or getting the timing wrong; sequence of return risk; the risk of losing our job during the accumulation phase; leverage risk – you name it.” (Submitted by Tarsha.)

Wednesday is our favorite day of the week. Why? Because the Plutus team gets to showcase top money stories with you. So, prop your iPad up, sip on your coffee, and enjoy these great articles. See you next Wednesday!

Here’s what we wanted to share with you this week.

Cash Management in Early Retirment. [Accidentally Retired] — “Cash management in early retirement has turned out to be a rather stressful endeavor. When I first left negotiated my severance and left corporate America it was easy to know that I still had money coming in for awhile. But eventually all gravy train runs dry, and then I was left figuring out an action…” (Submitted by Tarsha.)

This Isn’t Your Grandparents’ Recession. [Surviving and Thriving] — “When the going gets tough, it’s tempting to invoke our grandparents and their tribulations during the Great Depression. I’m about to commit cultural heresy: A lot of their advice wouldn’t help us.” (Submitted by J. Money.)

7 Things I Don’t Regret Spending Money on as a Minimalist. [Rich What Matters] — “The deeper I’ve journeyed into minimalism, the more purposeful my purchasing behavior has become. What I spend money on now communicates what I value and supports my life.” (Submitted by J. Money.)

Happy Hump Day Plutus family!  Please take a moment out your busy week and enjoy these great articles we have for you this week. See you next week!

Here’s what we wanted to share with you this week.

10 Numbers That Will Change Your Investing Perspective. [Mantaro Money] — “0. Nought. Nothing. Nada. That is the amount of times the S&P 500 (the de-facto proxy for the global stock market) has provided a negative return over any 20 year period since 1926. To use another number to illustrate the point: 100%. The S&P 500 has provided a positive return over any 20 year period since 1926 100% of the time.” (Submitted by J. Money.)

Moving From Semi-Passive to Fully Passive Income. [Lazy Man and Money] — “I was getting ready to write my monthly passive income report and took a little look into our equity investments and real estate investments. I wanted to figure out whether selling our investment property and investing the money in the stock market was the right move. It’s the classic stocks vs. real estate question.” (Submitted by Tarsha.)

Time and Money: How Our Perception changes as We Age. [Retire Before Dad] — “Approaching retirement, we’re more willing to spend money to save time. Why mow the lawn when you could be playing golf or Bridge? And what good is all that wealth if we have no time to enjoy it? Time was valuable all along.” (Submitted by Tarsha.)

We are back Plutus family! Join us for happy hour on October 6th! Plutus Voices is coming back to New York City’s Upper East Side next week for happy hour, networking, and a great discussion.

Tickets are free, but the number of available tickets is low. A waitlist will be available for those who miss the first opportunities to RSVP. RSVP now at plutusvoices.com/nyc22

Here’s what we wanted to share with you this week.

How Will I Take Advantage of Today? [Becoming Minimalist] — “You and I are different, I’m sure, in countless ways: Our family, our upbringing, our location, our career, our passions, our hobbies, our goals. But there is one thing that all of us have in common: We woke up this morning. And we have been provided this day to make the most of it.”(Submitted by J. Money.)

How Does Buy Now Pay Later Work: The Worrying Reality. [Money-Side-Up] — “Buy Now Pay Later is offered as a method of payment by companies such as Klarna. In fact, some of the UK’s biggest brands are already using In-store to boost their business and enhance the shopping experience. This includes the likes of New Look, Halfords and H&M. It even bridges the gap between the virtual and physical world. With the flexibility of online shopping, now in your physical store.” (Submitted by Tarsha.)

What Does Success Look Like and How Does It Feel? [One Frugal Girl] — “What does success look like? When you hear the word success, what do you picture? Growing up, success meant luxury goods and over-the-top experiences. I grew up watching Lifestyles of the Rich and Famous, where the host, Robin Leach, explored the yachts, mansions, and luxury car collections of the world’s wealthiest people. Then signed off …” (Submitted by Tarsha.)

Good Morning Plutus family! Before you dive into these great articles, we want to invite all content creators, and your friends to join us for our free Content Creator Happy Hour in New York City on Thursday, October 6th at 6:30pm. If you like to attend, Please register here.

Here’s what we wanted to share with you this week.

The Millionaire Mindset: Javascript-ing Your Frontal Lobe. [InvestmentSoup.com] — “Anyone can acquire the Millionaire Mindset, even those not seeking a 7 figure net worth. You could have the millionaire mindset as a garbage collector, a waiter, or a CEO, it doesn’t matter, it’s simply ‘javascript-ing’ your mind.” (Submitted by J. Money.)

I Used My Emergency Fund, and I Liked It. [She Picks Up Pennies] — “The first mistake we make when we talk about emergency funds is talk about making money from them. I have no interest in making money on my emergency fund, and neither should you. I don’t view it as an asset. Instead, I look at it as a safety device. It’s a form of insurance. I want it to exist and hope to never need it.” (Submitted by J. Money.)

A Stronger Bond. [Humble Dollar] — “SERIES I SAVINGS bonds might be the best-performing investment in folks’ portfolios this year. With steep losses in both the stock and bond markets, I bond’s 9.62% current yield looks like a home run. But the playing field could be shifting.” (Submitted by Tarsha.)

We can not believe it’s Wednesday already. The Plutus team dug deep into our treasure box to bring you these awesome articles.

Here’s what we wanted to share with you this week.

Financial Bloodletting: Don’t Let This Happen to You. [Mantaro Money] — “Just as the parasite doesn’t want to kill their host, the active manager wants to keep their prey alive, whilst extracting the highest viable amount of capital… Do not allow yourself to be bled dry. Other, more humane, investment methods exist.” (Submitted by J. Money.)

Man’s Best Side Hustle? A Look at Making Money From Dogs With Rover. [Studenomics] — “A man’s best friend or a man’s best side hustle? If you love dogs and want to get more exercise in, you’re in luck because I’ve discovered a way to get paid for making new furry friends by using the dog walking app Rover. I’m going to show you how you can make money from .” (Submitted by Tarsha.)

Roth IRA For Kids: Why It Is An Excellent Strategy For Parents. [The Cents of Money] — “Guiding your kids on the path of saving for their future gives them a head start to financial independence. Creating a Roth IRA for kids provides more flexibility for your children before they reach adulthood than other options, as these funds can help pay for college, making a first home purchase, or retirement.” (Submitted by Tarsha.)

Hey friends, it’s me again, Tarsha from the Plutus Foundation. I am so excited to share this week’s articles with you. Enjoy!

Here’s what we wanted to share with you this week.

The Surprising Inspiration to Declutter I Found at the Museum. [No Sidebar] — “If I could live for 1000 years, what would I keep? When I am gone, what do I want archaeologists to learn about me from my stuff? What about you?”  (Submitted by J. Money.)

Do You Rent or Own Your Job? [Financial Panther] — “You can rent a job. Or you can own a job. It’s not easy to own a job. And there’s nothing necessarily wrong with renting a job either. But for me, owning a job is the way I’d rather do it. If I’m going to have to work, I’d rather work at a job I made for myself, even if it means I have to take all the risks.” (Submitted by J. Money.)

Slow FI and the evolution of Friendships. [Dinks on a Bus] — “I’ve noticed how my friendships have changed and evolved. Some friendships have ended, and that has been hard, but for the most part, my friendships have changed for the better since slowing down my journey to FI.” (Submitted by Tarsha.)

Happy Hump Day from the Plutus Team! Please take a quick break from your busy day and enjoy these curations we put together just for you.

Here’s what we wanted to share with you this week.

What is Risk Tolerance. [MitlinFinancial] — “Risk tolerance is a topic spoken about often in the media and financial ecosystem. When you hear this discussed it usually gives you the impression that determining your risk tolerance is something easy to do. In reality, determining one’s risk tolerance is more of an art than a science.”  (Submitted by Tarsha.)

Should I Keep Working in Order to GiveWell?. [Abandoned Cubicle] — “What if you are within a few years or less of hitting an elusive early retirement goal, only to stumble upon a question like this: If you could save hundreds or even thousands of lives, would you keep working?” (Submitted by J. Money.)

How My Coworker and I Advocated for 20% Raises (Sample Letter Included). [Goodbye Whine to 5] — “This story is important to me because it shows that advocating for better pay in your workplace can be successful, especially when there is a collective effort.” (Submitted by Tarsha.)

The Plutus team cannot believe its Wednesday already. We are so stoked to share this week’s curations with you.  Also, if you haven’t done it already, please check out the Plutus Foundation by clicking on this link. See you next week!

Here’s what we wanted to share with you this week.

A Relentless March Foward. [Banker on Fire] — “Ben likes to keep things simple. Thus, he only has a few simple rules when it comes to personal finance. He saves 25% of his after-tax pay and spends the rest on whatever his heart desires. Whenever he lands a raise, Ben saves 50% of the after-tax amount and uses the rest to reward himself even more. And… that’s it. Ben gets on with living his life, without spending too much cognitive energy on personal finance.”  (Submitted by J. Money.)

How to Stop spending Money (And Save Hundreds Each Month!). [HIs and Her Money] — “Not sure how to stop spending money, especially on things you don’t need or want? There are many ways to stop spending unnecessarily, but you should know a few things. Here are our top tips to help you stop spending money.” (Submitted by Tarsha.)

How to Plan Your Estate. [The Military Wallet] –. “Do you know what will happen to your property, belongings and debt when you die? What about your children? If you haven’t created an estate plan, now’s the time to start. Here’s how.” (Submitted by Tarsha.)

Is it Wednesday already? The Plutus team could not wait to share these awesome articles with you. Also, if you have a minute, please learn more about the Plutus Foundation. Enjoy!

Here’s what we wanted to share with you this week.

Can’t Take It with You. [Young Money] — “I’ll take you anywhere in the world for two weeks, name the spot.” The year was 2008, I was a few months shy of my eleventh birthday, and my grandma, Mama Ruth, had just offered me one hell of a proposition.”  (Submitted by J. Money.)

Sustainable Funds: How to Invest Without Killing the Planet. [Bravely Go] — “If you’re someone who care about clean water, fair pay, animal welfare, or worker’s rights, you’re probably interested in making your financial plan sustainable as well. You can use an ethical bank, shop local, and yes, invest in sustainable funds! But like…what’s the deal with them? How do they work? Are the secretly BS?” (Submitted by Tarsha.)

Top 5 Tips for School Shopping on a Budget. [The Frugal Expat] –. “It’s that time of year again. As August rolls around, parents, children, and teachers start thinking about school again. With school comes supplies and new clothes for the fall…Here are the five top tips for getting through this school shopping season without breaking the bank.”(Submitted by Tarsha.)