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How people learn to become resilient.

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.

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