Hello, Friday, and hello, friends. I’m back with last installment of Apex Money before we head into the weekend. Are you ready? Let’s get to it.
How people learn to become resilient. [The New Yorker] — “Resilience doesn’t have to be an empty or vague concept. In fact, decades of research have revealed a lot about how it works. This research shows that resilience is, ultimately, a set of skills that can be taught.” I really like this article.
Terrible financial advice is going viral on TikTok. [Vox] — “What’s happening on TikTok is hardly a new phenomenon. Day trading has been around since the 1970s, and scams have been around forever. People tend to evangelize risky investments during a bull market, when it’s far easier to make money because the stock market is going up overall. During these times — and we’re in one now — it’s also far easier to position oneself as a financial genius, when really, everyone else is making money, too.”
Retirement myths of the social media era. [Incognito Money Scribe] — “In the era of social media, everything is treated like a fable or fairytale. Life has become one long P.R. campaign. People tend to project the image of a life far better than the one we authentically experience. For retirement or financial independence (pick your term), a lot of attention is focused on the tip of the iceberg – the ideal lifestyle – rather than the unsentimental parts that actually make up most of one’s life.”
Today’s video is one I didn’t think would be as interesting as it turned out to be. It’s a half-hour behind-the-scenes view of a pro cyclist developing and refining a new trick. I have zero interest in this sort of thing. Or so I thought. In reality, the process is fascinating. You might like it too. Take a look.
And that’s all I have for you this week. As always, thanks for joining us. We’ll be back on Monday with more of the best from the world of personal finance.