Weekend Reading – Tolerance for BS, financial independence in your 40s,the keys to longevity and more #moneystuff
Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the week that was…across the personal finance and investing blogosphere.
I got around to posting a few articles this week:
You can absolutely invest in green energy projects AND earn income too. Learn more about CoPower Green Bonds and see if that investing choice might be right for you.
Enjoy your weekend plans including this reading material. I also wish you good luck on any final holiday shopping activities – the Christmas break is really only two weeks away!
The restaurant and food industry is booming of late – why? Largely because many millennials don’t want to cook nor do they know how to cook.
Here’s the recipe for how to gain financial independence in your 40s:
- Get a good paying job
- Sustain the good paying job
- Save at least half your income from said good paying job
- Keep saving and investing until your retirement nest egg is 25 times your annual expenses (which might take 10-15 years at that 50% savings rate)
- Make sure you invest in low-cost, passive,index funds
- Quit the aforementioned good paying job
- Withdraw only 4% of your portfolio, per year, forever.
If only it was that easy…???
Here are the keys to longevity (according to a Japanese doctor that studied longevity)– don’t retire before age 65. Why? Because after this age, most retirees fail to have goals and drive – that will keep you both young and alive. Other tips for a long life:
- Don’t worry (too much) about eating well or getting enough sleep, ensure you have some fun
- Don’t be overweight
- Don’t blindly follow any physician’s advice – think for yourself.
Financial Samurai wrote about the tolerance you have, or no longer have, when you have fulfilled your money goals. “When the financial incentives go away, you’re left focusing on what truly matters: family, friends, purpose.”
Here are some bear market truths according to Steadyhand. Agreed – everyone thinks they are an economist.
Ah yes…I’m behind schedule….I will absolutely get to an update on this post – about some record dividend income – so stay tuned!
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