We’re getting into Roman Numeral territory of the Link-O-Rama, so you know things are getting real around here.
Every month, I’ll share my favorite reads from around the web. These articles will be perfect for fellow millennials seeking financial independence. Most will revolve around investing, saving money, and early retirement, however, I do reserve the right to occasionally throw in a completely random but entertaining read.
Three things to know about desire
If you’re not reading Raptitude.com, you’re doing it wrong. My favorite article of the month was David’s deep look into that pesky feeling of desire.
We all feel it. It’s an emotion powerful enough to be the engine of society, and yet nobody talks about how to manage it. In this awesome piece, David presents three strategies for mastering our most powerful emotion.
A stock market history lesson from a wise investor
That would be Mr. JL Collins, one of the internet’s original personal finance bloggers. Here, Mr. Collins boards the time machine and discusses the future returns of the stock market. But to really throw us a curveball, he does this by looking backwards over his 40 year investing career.
Creative Side Hustle of the Month
I’ve said it before and I’ll say it again: money is everywhere. It’s our job to find creative ways to earn it.
Here’s an interview with a MillennialBoss.com reader who secretly earns $7,000 a month writing steamy romance ebooks. Supposedly Christian Grey became a millionaire from Grey Enterprises… or was it those ebook royalties?
How about making $12,200 in one month from flipping stuff at flea markets?
If writing erotica isn’t quite your style, maybe you’d rather make 5 figures a month reselling flea market junk? In another example of money being everywhere, Rob from Flea Market Flipper breaks down all the items he bought and sold to make $12,000 in just one month.
Four rules to follow to get wealthy
PhysicianOnFire turned me onto this oldie but goodie from The White Coat Investor, where Dr. Dahle shares the four simple rules he used to build wealth. The best part? It doesn’t take a doctor to implement any of them.
This guy managed 38 years without ever having a job
Greg Shahade writes up this fascinating blog post showing how he’s never held a “real” job and turned out just fine.
I’ve talked before how those of us working 9-5 jobs tend to surround ourselves with other people working 9-5 jobs, which incorrectly leads us to assume everyone must be working 9-5 jobs. Stories like this are a fascinating peek behind the curtain of those who take a very different approach to life.
I don’t entirely agree with his somewhat of a slacker attitude, and I think the guy sells himself short a little bit (he’s a world famous International Chess Master, which is sort of like a professional baseball player claiming nobody has to work for a living…) but his message is still sound. Especially the parts about how little you need to retire, which I’ve recently harped on as well.
Lessons about money from the original Money Wizard… Harry Potter
Today is J.K. Rowling’s birthday, and to celebrate, The Huffington Post put together a Money Wizard approved birthday party article for her: 13 Things Harry Potter Can Teach You About Money.
That’s a wrap for July. See you in a day or two for my monthly Net Worth Update.