Far out, money nerds! It’s Friday! The weekend is here and it’s time to celebrate with a handful of top money stories from around the web.
Everything is temporary. Nearly everything is reversible. [CityFrugal] — “Nearly all our financial decisions are like this. If you take a job and you don’t like it, you can find a new one. If you buy an apartment and get moved for work three years later, you can sell it. If you don’t like a city, you can move back to your old one or try another…Nothing we do is permanent.”
“Why I don’t use the FIRE acronym to describe financial freedom.” [Monevator] — “Yoking the concept of financial independence together with retiring early is not ideal. I just don’t see them as uniquely wedded at the hip. Also, I suspect it causes confusion about goals, and even cultivates outrage from those dreaded ‘retirement police’ who get angry if a FIRE-ee earns a few bob on the side.”
Is the U.S. on its way to becoming a cash-less society? [Harvard Business Review] — “Taken together, these data do signal that a ‘less cash’ society is emerging and that an entirely cashless society is unlikely any time soon–especially when 70% of Americans still report using cash on a weekly basis. But 50%, 60%, or 70% cashless is certainly conceivable.”
Robo-advisors are still hot. Here’s how their portfolios are performing. [Barron’s] — “Robo assets continue to rise, to at least $440 billion at last count, according to Backend’s analysis. The increase has been driven by new services, including access to live advisors, sustainable-investing products, and higher-yielding cash accounts.”
To finish off our Friday edition of Apex Money, here’s a four-minute video about master blacksmith Yasuhiro Hirakawa. He makes a variety of knives and other tools, including $35,000 scissors. $35,000?!?!? Yep. Take a look.
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