Sunday AAR (13MAY2018)
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.
- Why I Won’t Compromise on These Self-Care Expenses – Accumulating wealth is what this blog is all about. It’s not an end unto itself though. You’ve got to spend it sometime, but when you do spend it on what matters. Spend it making your life and the lives of those you love better. That’s what this article is all about.
- Paving your path to financial security in retirement – After you set goals for how to spend it, you need to align your resources with your goals. This is from one of our favorites – the Vanguard blog.
- Money Match-Up: 15-Year Mortgage Versus 30-Year Mortgage – From the title I was expecting a comparison of the two durations with a couple of pros and cons ultimately recommending the 15-year mortgage. That’s not what this is. Two authors wrote this. One advocates for the short duration mortgage while the other takes the side of the longer duration. Both make great points and the ultimate decision depends on individual circumstances. Be sure to read the comments on this one.
- The best way to spend less? Cut back on the big stuff! – I love stories of people getting rich on modest salaries. That’s what this entire blog is about. With the modest salary and solid benefits of the military anyone who stays in until retirement can be financially secure. This article features John, a retired shop teacher and millionaire. This line is great: “You can’t outearn dumb spending.” The two biggest expenses are transportation and housing. Buy a Used Car and live in a modest house.
- Anything but Average – “Between 1926 and 2016, just 4% of all stocks accounted for all of the net gains in the U.S. market.” I’ve never seen that statistic. I know that it is important to diversify, but I had no idea that stock performance is that skewed. So buy index funds, but if you know of a sure thing buy a little of that too.
- Why Cars Are Cheaper Than You Think – And then the first line of the article is “In December, the sticker price on the average U.S. automobile hit $38,616…” That’s nuts! Here’s a disclaimer – DO NOT READ THIS ARTICLE FOR FINANCIAL ADVICE. I just thought it was an interesting take on why the price of cars varies so much from one trim level to the next.