Second Look Sundays – Oct 22 2017
OCTOBER 22, 2017 AUTHOR: SHAUN
This week I recap the importance of staying grounded, why money doesn’t buy happiness, and the importance of paying off student debt!
Welcome to this week’s edition of “Second Look Sundays” – a recap of my favorite money-related posts of the week. It’s a chance for me to lay-low for a day, and highlight some other fantastic folks!
Whether new, or just new to me, these posts caught my eye, and I wanted to share them with everyone.
Check back weekly to see what’s on deck!
Read Time: 2-3 mins
Summary & Why I like it: In this post, Bob reflects on why he works so hard to achieve financial independence. This stood out to me because too often it’s easy to lose sight of “the why.” Why we’re in our field of work. Why we work so hard to get ahead. Or dare I say why we’re even blogging in the first place? In the busyness of everyday life, we can get distracted. Staying grounded and remembering our “whys” helps to keep us focused and motivated to see our plans through to the fullest!
“My key reason for achieving financial independence has always been so I can work because I choose to, not because I have to.”
“Life is more than making tons of money, living in McMansion, dressing in expensive brand name clothes, wearing Rolex watches, driving Ferrari’s, or going on fancy exclusive vacations. Life is about finding what makes you truly happy and content.”
By: The Money Wizard
Read Time: 4-5 mins
Summary & Why I like it: In this post “Sean” (his online pen name) takes a look at comments made from Dan Bilzerian, an Instagram sensation and someone GQ Magazine describes as “a kind of Bruce Wayne-meets-Hugh Hefner for the social-media age.” Sean reflects on stories that describe the limitations of money – namely its ability to buy stuff and not happiness. Sure, we’ve heard this story before, but I like how this post explains why this happens. Sean describes it as “hedonic adaptation,” the idea that our level of happiness is relative to our past experiences. He also walks us through several examples of how this happens in everyday life.
“Money is entirely relative. Trying to reach an ever-increasing amount of it is an exercise in futility. When people ask why rich people aren’t as happy, I think it’s because they’ve upped the bar so far that only the best things satisfy them.”
“That’s not to say that stuff can’t make you happy, at least for a little bit. The lottery winners really were happy… for a couple months. The rush of buying a new gadget is real. The trouble is, it’s entirely fleeting, and it can spiral out of control in a hurry.”
“When we rob from our future to fund temporary happiness today, we’re only digging ourselves a hole.”
Read Time: 4-5 mins
Summary & Why I like it: In a world where many people don’t think of the consequences of racking up student debt, this post is a breath of fresh air. This guest post on Your Money Your Freedom by Joe highlights why you should pay down debt, and how to be efficient at it. He has some creative ideas, so I encourage you to check it out!
“If you are one of the 45 million Americans paying off student debt, my recommendation is to explore your options instead of just assuming you will be stuck paying your loans for 10+ years.”
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