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Showing posts from 2016

Money Screw Ups: And the Frugal Living Lessons that Will Save You - 1

2015 was quite a money ride.  Some of the progress toward financial freedom made following my own frugal living tips (outlined in this post " Can I make it on $3k per month?"   got tossed overboard.      Cushion the Body Blow with Frugal Living   I can recover because my frugal living ways helped me saved.  That and the personal finance software addiction and fascination with minimalism and aggressive downsizing .  But my pride and confidence hit the surf and it felt like I slammed into concrete.   Worse, it may have derailed complete financial freedom by a year or more.   And some of it I could have avoided by listening to those much wiser than myself.      Surfing Lessons From the Sages 1.  Retirement really is a psychological journey and you might want to prepare for that. The first time I retired was about 15 months ago.   As the retirement sages on www.earlyretirement.org  said might happen,  I experienced a sudden depression. 

What's Enough Money to Be Happy?

Some say that $50,000 per year and a paid up mortgage is the prime point of greatest happiness.  Other writers like Wes Moss, host of Money Matters and author of the book "You Can Retire Sooner Than You Think," imply that you need around $65 - $75,000 per year to retire -- which is when you can be happiest. Most of us seem to believe that more money means more happiness.   But according to the research described by the University of Texas & Indian Business School professor teaching the online Coursera course " A Lifetime of Happiness and Fulfillment ,"  it just ain't so.    Dr. Raghunathan and his visiting lecturers including such leading thinkers as    Dan Ariely (author of Predictably Irrational), Ed Diener (“Dr. Happiness”), and Mihaly Csikszentmihalyi (author of Flow), m oney is just a medium that people believe will lead them to happiness.  And our perceptions about that path are often wrong.    But wait!  That's new age nonsense,

We've Got to Start Talking About Money

You May Be More Financially Secure than This Successful Author, Script Writer -  Who Can Never, Ever, Stop Working This Atlantic Magazine stor y , the Secret Shame of Many Middle Americans, outlines the story of a prosperous looking author and script writer, who can't find $400 to cover an emergency and will have to work the rest of his life to cover his debts.   It's also about the shame and realities embedded in our US middle class money mess.  As the author pointed out --   50% of Americans, can never stop working.      Neal Gabler isn't homeless, or a casino gambler or a criminal.  His life looks like a dream come true.   Gabler has written and published books.  Gabler has been paid to critique movies on television. He is a great Dad with successful children.  A great husband.  He is so well-known in his industry that he was paid to write a movie script.  His reality-money-show reveals a different backstory, though.   Because he made a series of unders