Author: Plutus Foundation

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.)

 

Hey Family, it’s your girl, Tarsha from the Plutus Foundation. If you are in the Portland area, please check out our event for Plutus Voices.

Plutus Voices will be in Portland on Today, August 17, 2022, at 6:30 pm. Our Plutus Voices events offer a chance to learn and network surrounding important topics in the personal finance space. Tickets are free but extremely limited. RSVP now and see more details at plutusvoices.com.

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

The Biggest Mistake People Make When They Find Out About Fire. [Alan Donegan] — “Why do humans have this self-destructive tendency to make everything binary? I either spend everything I have, go into debt but I am happy, or I spend nothing and miserably work towards FI? Sacrificing happiness for financial independence is stupid. You are sacrificing years of your life to get to a magic number that won’t make you happy either.” (Submitted by J. Money.)

How to Take a Life-Changing Mini-Retirement. [Money Flamingo] — “Have you considered taking a mini-retirement? Whether you feel burnt out and need some time away from your full-time career, want to travel, start a business, or refocus and plan out your future – a mini-retirement or sabbatical might be an ideal break for you.” (Submitted by Harlan.)

Learn How to Beat Inflation and Make Sure Your Retirement is Safe. [Eat Sleep Breathe FI] — “How do you even begin to prepare for a recession in a way that actually makes a difference, rather than just shooting in the dark? We gathered insight from some of our favorite, most trusted financial creators.” (Submitted by Tarsha.)

Happy Wednesday family, it’s Tarsha from the Plutus Foundation. We were going back and forth in deciding which stories we wanted to share with you this week. It was tough, but worth the fight. Enjoy!

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

The Price of Security. [J L Collins] — “Security is mostly a superstition. It does not exist in nature, nor do the children of men as a whole experience it. Avoiding danger is no safer in the long run than outright exposure. Life is either a daring adventure, or nothing.” – Helen Keller (Submitted by J. Money.)

Making Plans to Make Your Pensions Profitable After Retirment. [Enemy of Debt] — “Are you looking forward to the day of your retirement? Some people cannot wait for retirement, while others are still apprehensive for various reasons. Retirement means differently to people, but there is one thing you should do. You should review your pension regularly to ensure it is on track to give you the income you want.” (Submitted by Tarsha.)

How to Prepare for a Recession Like a Financial Expert. [Her First $100K] — “How do you even begin to prepare for a recession in a way that actually makes a difference, rather than just shooting in the dark? We gathered insight from some of our favorite, most trusted financial creators.”(Submitted by Harlan.)

Hey there, it’s Tarsha from the Plutus Foundation. The team and I dug deep into our vault and pulled these amazing articles for you read and enjoy.

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

How to Create More Freedom with a Portfolio Career. [ Money Flamingo] — “Designing a portfolio career is really not much different from creating an investment portfolio. It’s a way to combine different jobs, self-employment, volunteer and freelance roles. This approach offers more control over your time, freedom to explore new options and the ability to create your perfect work-life blend.” (Submitted by J. Money.)

Reader Case Study: Can I retire at 60 and Pay for My Kids’ College? [ Frugalwoods] — “Jenny and her husband Will live in the Upper Midwest… the couple always planned for him to retire at 60 and to pay for their kids’ college educations. However, now that the date is nearing, Jenny’s not sure this is actually feasible.” (Submitted by J. Harlan.)

Embrace The Underdog Within to Win: Who You Are Is Good Enough. [Financial Samurai] — “Are you an underdog looking to succeed in this brutally competitive world? Do people ignore you, discredit you, think you’re dirt, or even hate you for just being you? Well, welcome aboard!” (Submitted by Tarsha.)

Inflation: Last Week Tonight with John Oliver (HBO). [Last Week Tonight] — “John Oliver discusses what causes inflation, what we’ve done about the current round of it, and, of course, makes the smartest investment of all time.” (Submitted by Harlan.)

Most of us want financial freedom but are not sure where and how to start. We searched high and low for these articles to kick start your success to financial freedom.

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

How Much Money Should I Save Every Month? [Go From Broke] — “Most of us know we should be saving more money, but for a lot of us, that’s easier said than done. Whether you’re looking to buy a house, save for retirement, or just have some extra cash on hand in case of an emergency, you need to be proactive about your savings.” (Submitted by Tarsha.)

Selling and Surviving. [Best Interest] — “If you’re young enough to invest your money and pull a Rip Van Winkle, go ahead into 100% stocks. Some people are fine with a multi-decade hibernation of avoiding their account statements. But most people don’t live in that world.” (Submitted by J. Money.)

When Are Roth Accounts Better then Tax Deferred? [Can I Retire Yet?] — “In reality, there is no one size fits all advice that works for everyone. So, it is worthwhile to explore circumstances when Roth options are superior to tax-deferred retirement accounts to round out previous articles on this blog that emphasize the value of tax-deferral.” (Submitted by Harlan.)