Welcome to the 11th Link-O-Rama, my recurring series featuring my favorite articles from around the web.
Every week, I share my favorite articles on investing, saving money, and early retirement from around the web. Oh, and like always, I reserve the right to throw in a completely random but entertaining piece!
1. Putting the zero tax strategy into action
A few weeks ago, I wrote about how a smart saver could theoretically earn $101,200 per year and pay no taxes.
It turns out, I’m not full of it, because here’s another blogger explaining the same strategy. Mr. Go Green Dollar’s post dives into more detail behind the math of the strategy. He explains all the nitty gritty behind the tax laws, and ends with a realistic example showing exactly how a couple could earn $74,000 a year and pay no taxes.
2. Whatever you do, don’t invest like this baseball player!
The New York Mets are infamous for still paying Bobby Bonilla $1 million a year through 2035, despite the fact Bonilla retired in 2001!
In this quick read, Mustard Seed Money shares a fascinating breakdown of just how that happened, and why it’s not nearly as bad of a deal as it sounds. Loved this one.
3. 13 Frugal Habits that Will Save You Money
If there’s one thing that’s becoming painfully obvious the older I get, it’s the incredible power of habits. They’re a silent driving force behind our day to day actions, and crazier, we do most of them without even thinking. So, why not take advantage of this fact, and start implementing positive habits?
The Savvy Couple has your back, as they share a neat list of 13 frugal habits that will save you money.
4. It turns out, McDonald’s Monopoly was rigged all along
Remember that old McDonald’s Monopoly game that swept the nation and had us all searching high and low for Park Place and Boardwalk? Yeah, it turns out, the whole thing was rigged by an ex-cop on the inside. This is the crazy story revealing how the whole scam went down, and involves the FBI, the Italian Mob, and an unsuspecting fast food chain.
This is a long read but an amazing one. See how these guys heisted $24 million right underneath the fast food giant’s nose.
Next you’re going to tell me Ronald McDonald was actually an evil clown…
5. A comprehensive guide for getting out of debt
A lot of “get out of debt” posts are vague and hazy, and leaves the reader feeling overwhelmed with choices. This debt guide from DollarSprout.com is one of the best I’ve seen, because it breaks down the whole process into approachable steps. Definitely a must read if you’re struggling with debt.
6. Richard Branson and his frugal houseboat
I find it amazing how many billionaires are rooted in frugality. Which makes sense after all, since a foundation of saving is the building blocks for investing, taking risks, and pursuing dreams. Does this mean I’m gonna become a billionaire too?
7. What if everybody invested in index funds?
Here’s a great technical read. Retire In Progress takes a deep dive into the repercussions of everybody investing in index funds. You’ll still have to pry my index funds from my cold dead hands, but these thought experiments are interesting to contemplate nonetheless.
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