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Math doesn’t always fix the problem.

Today is Tuesday, money nerds, and we have more top money stories for you.

What capitalism is and how it affects people. [Teen Vogue — yes, really] — “The reason many millennials haven’t been investing in mutual funds or building up their own financial nest eggs isn’t because they’re too broke, or that they lack personal responsibility — it’s because they think our current economic system, capitalism, will cease to exist by the time they are in their 60s.” This is an interesting, well-sourced piece (even if you don’t agree with it).

Is it harder to retire early with kids? [Retire by 40] — “Is early retirement out of reach if you have kids? As all parents know – children are not cheap. The USDA projected parents will spend $233,610 to raise a child from birth to age 17. That’s a lot of money! Early retirement is already difficult to achieve. Once you add child raising expense, it’s pretty much impossible especially if you have more than one child.” Or is it?

D.I.Y. private equity is luring small investors. [The New York Times, so possible paywall] — “Amateur investors are setting up high-risk, high-return deals on their own, but the key to success varies…These amateur investor groups are another iteration of investment clubs that have popped up around the country for decades. Most of those clubs have sought to channel the collective wisdom of their members to do something that professional investors struggle to do full time.” [via Apex reader Michael Laurence]

Math doesn’t always fix the problem. [Dave Ramsey on YouTube] — I love this video. It demonstrates why Dave Ramsey is great at what he does. “How much of this decision is emotional?” Ramsey asks. “Zero,” the caller says. “If you had a $300,000 in cash sitting on your kitchen table, would you buy this house again?” “Probably not.” BOOM! Personal finance is personal. Money management is about more than math.

Found something you think your fellow nerds might like? You should send it in! Help spread the top money stories on the web here at Apex Money.

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