Each week, I publish a list of the best articles I’ve come across. These are generally related to personal finance, investing, family, happiness or just leaving the world better than we found it.
In a way, this is a tale of what not to do (as a parent). It’s also a tale of how even if you have a tough childhood, you can still grow up and persevere to be responsible and productive. The choice is yours! (Oh, it’s also written very well and I think should be turned into a screenplay for a movie or a Netflix series!)
The whole clusterf*ck set into motion a deep-set sense of personal responsibility. I learned that I needed to take control of my own life, live up to my own standards, and then reap the rewards of my own hard work, while accepting the consequences of any misdeed that I committed on my own.
This is a great article – and don’t get misled by the title – it’s more than just another “I paid off a ton of debt” story. While those are great and a lot of hard work too, this is an awesome example of Rob hustling his way through house hacking, potentially precarious job offers and more. He didn’t wake up one day and realized he should pay down his debt – he chose to take as little of it as he could and then got rid of it as soon as possible.
We have friends that have told us their wives would stay at home too if they did not have mortgages. After hearing that, my wife always thanks me for the sacrifices that I made along the way, and in turn I thank my mom for encouraging me to do it.
A lot of David’s writing gives me food for thought. You’ll definitely see a lot of his posts referenced here over the next few years. This one reminded me that those of us into personal finance, Bogleheads and MMM sometimes forget that we live in a pseudo-bubble. We’re smart and know how to manage our finances, but there are millions out there who don’t. Not because they’re not smart but because they
haven’t been taught didn’t have a thirst to learn, or feel that wealthy = possessions.
Through a series of internet ads and opt-in tests, the organizers were able to filter out the skeptics and pessimists, and anybody with any marketing knowledge, in order to assemble a roomful of people who were particularly vulnerable to their tactics.
This is truly a masterpiece, with or without the rum. And you should read it – millennial or not. It also mentions motorcycles. Need I say more?
And, um, the situation is grim. When you see what Millennials live on you start understanding why they’re piling up consumer debt at record rates. They’re not just blowing it all on avocado toast…it’s the rent and the gasoline and the navy blue suit and every other ante you have to throw in if you want to play the game at all.
That’s all for this week folks! If you came across any great articles, feel free to leave a link to them in the comments below!