Sunday AAR (10JUN2018)
The Sunday After Action Review is a collection of the best articles that we’ve read this week.
Know of a good article or blog that we should read? Please let us know in the comments.
- “The idea of caring that someone is making money faster [than you are] is one of the deadly sins. Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on the trolley? ” – not a link, but a great quote from Charlie Munger that I ran across this week.
- Human Condition – an excellent article from the always good Jonathan Clements. I love point #4: Join the Capitalists. Buy stocks and get rich along with the entrepreneurs.
- Stocks – Part XXXII: Optimism – This is a new (to me) blog. The article is a good read for pessimists and optimists alike. The author has written a very positively reviewed book with a forward by one of our favorite bloggers Mister Money Mustache. The book and blog are now on my list.
- Millennials and retirement: How bad is it? – The premise is that despite the demographic challenges ahead millennials can have a good retirement if they just work a few more years. Interesting article and well worth the read, but consider the alternative. The whole point of this blog is that after 20 years of reasonable saving you can retire from the military and not work again. Most civilians don’t have this option. Those that do generally make well above average salaries and save like crazy. We recently had a guest post that said “[people] shouldn’t leave the military for the money.” Good advice.
- Is inflation heating up? Not really. – This article makes two great points about inflation, interest rates, and growth. First, higher isn’t the same as high and second, don’t confuse the cycle with the trend.
- Planning For a Move this PCS Season? You Need This Budgeting Checklist! – Tips and a system for tracking and controlling spending while relocating.
- What former NFL star Terrell Owens learned from blowing through $80 million – Not just another story about a football player blowing through all of this loot. There’s some good advice here and examples of athletes doing it right. They recommend “Rich Dad Poor Dad” I’m more of a fan of “The Millionaire Next Door“, which I recently reread. Read them both.