Best of the Web:
Hosted by Carol of Downsize Your 2080
Hi! I’m Carol from Downsize Your 2080. Simply put, my blog is designed to encourage people to work part-time. Sometimes, especially in a two-income household with kids, that full-time work week, which can easily exceed 40 hours per week, is too much. A part-time, or downsized, career can help in the quest for work-life balance.
I am in my early 50s, have been married for almost 30 years, and have three kids (two in the their 20s and one not yet a teenager). My husband and I approach our finances as a team. His career was taking off when I realized while on my first maternity leave that I didn’t want to work full-time anymore, and I haven’t done so since the mid-1990s.
For you, the desire to work fewer hours might be for a completely different reason. Will you share your story with me at [email protected]? Also, I’m on Twitter as @UpsizeYourJoy.
Now on to this week’s Best of the Web. Thank you, Michael,for the honor of selecting three posts for your site. It was fun to have an excuse to do even more reading than I usually do in a week.
Three posts you should read this weekend
I understand some of the criticism about certain types of financial advisors, but I have no plans to write about a post about it. Like many bloggers, my website has a disclaimer that clearly states I am not a financial professional. If a blogger criticizes advisors yet gives advice with a big disclaimer attached, what’s a person who is not at all interested in do-it-yourself financial management supposed to do? Or even someone who is interested but simply wants help optimizing their assets? There are plenty of situations when a financial advisor could or should be consulted (Hello 2008?). I really enjoyed Fred’s article on the topic.
Jillian’s title caught my attention and I clicked on the link immediately. I don’t know what her pastor said, but I do love a good sermon that can hold my attention for the duration, even if it’s not aligned with my own thinking. In my opinion, faith and FIRE are totally compatible. I think my purpose on earth is closer to the mission of my blog (which earns pennies) than the mission of my current for-real-pay job (which earns dollars). Maybe I will switch to passion income. I especially liked Jillian’s section about FIRE misconception #3. Check it out and see what you think!
I recommend this article because The Rich Fool does an excellent job advocating for adding charitable giving to your budget. It’s interesting how committing to give more can be freeing and help lessen the focus on purely accumulating more, more, and more.
An article from Downsize Your 2080 that you might enjoy
When the Dream is Entrepreneurship, Not Early Retirement.
Five Things that Helped My Husband Achieve His Goal.
One of my favorite posts on my own website is the article about my husband quitting his safe and secure, well-paid job to start a company from scratch. He did this at the age of 50. He dropped to zero salary when we had two kids in college. Why? Because it was something he had dreamed about doing for YEARS and he didn’t want to live with the regret of “I wish I would have…….” In the article, I share what helped him launch and how we beefed up our cash reserves before he took the plunge. The company is growing and employs about 24 people now. And, yes, he has a salary again.
What dream have you been considering for years?
I keep a small notebook in my car to track every gas purchase. I record the date, odometer reading, gallons of gasoline purchased, and the cost. I also add a note if I’m out-of-town, as that would indicate a trip with more highway miles than city miles. I also record all service calls for oil changes, tune ups, etc.
My dad taught me to do this for the purpose of calculating and monitoring my car’s actual fuel economy. A significant drop in the miles per gallon (mpg) might be indicating there’s something wrong under the hood.
I don’t regularly calculate the mpg so that column on the paper often sits empty, thus defeating its intended purpose, but I haven’t stopped recording each purchase. It’s a habit that literally paid off for me….at least once. One of my tires failed and, without the receipt handy, I was able to prove the tires were still in warranty and get some money back. #GasBookToTheRescue.
Michael, thank you again for the opportunity! It’s been fun!
Thank you, Carol, for sharing your posts! I hope everyone enjoys this week’s curation.
Recommended Reading of the Best of the Web: