Aloha, Apexians. It’s Harlan on behalf of the Plutus Foundation team. We’re super excited to be here on Apex Money, sharing some of our favorite finds from far-flung financial friends every Wednesday, beginning today! Thanks for your patience with us as we work out the Kinks.
Here’s what we wanted to share with you this week.
But I Don’t Want to Be Frugal. [Clipping Chains] — “If you are new to this game, I recommend you find the bottom. See what it feels like to cut back to bare bones, because you’ll know how lean you can get when necessary. But then find a life you enjoy, and make the financial frame fit the picture. Get a coffee, but not every day. Enjoy the occasional meal out, but learn to cook your own food too. Find joy in simplicity.” Balance, you really got me. (Submitted by J. Money.)
Income Streams – Why Is It So Important To Have More Than One Today? [Wall St. Nerd] — “Every beginning is difficult. Nevertheless, you should just do it. Start with your skills – turn them into money! For example, work part-time as a freelancer and build a second leg to stand on.” Take one sunny afternoon, or several, to diversify your income. (Submitted by Tarsha.)
Wait… Did I Just Lose All My Money Investing in the Stock Market? [Bitches Get Riches] — “But despite your goals, the value of any stock you own can fluctuate up and down over months and years. To a large degree… that doesn’t matter at all. What matters is the price at which you sell a stock compared to the price at which you bought it.” I’ve been watching my portfolio tank all day and all of the night. I’m moving some of my cash alternatives into equities right now. That’s all I can do (other than building new income streams and adopting a more frugal lifestyle; see above). (Submitted by Harlan.)