This Weeks Best Financial Blog Posts
Hello fellow money nerds and readers of YMG!
First of all, huge thanks to Michael for letting me borrow his digital space. I am a huge fan of his work, especially his success series. As a young kid growing up, my mom would always have the SyFy channel playing. Because of this, I fell in love with science fiction. I get excited when I see a science fiction writer interviewed here (keep ‘em coming, Michael!).
Before I continue on my science fiction tangent, let me introduce myself. My name is Jerry, and I am a money nerd who blogs over at Peerless Money Mentor.
I live in Baton Rouge, La, which is an hour west of my favorite city in the world, New Orleans. When I am not reading science fiction, biographies or personal finance books, I am usually there letting the good times roll (laissez le bon temps rouler). The culture and food there is second to none!
My main job is working at a public library. There you can find me helping patrons find books to read or assisting them with computer problems. Since I am a bibliophile, this is the perfect job for me. However, it doesn’t command a very high salary, unless you are working in the business office.
Because of this, I started my blog a year ago, hoping to leverage my writing talents and master digital marketing. The main focus of it is to inspire readers of it to go from broke to financially woke, so they can take the peerless steps necessary to build wealth and grow their legacies.
3 Posts I’m Digging This Week
As an avid reader of personal finance blogs, I find that eighty percent of the content is uninspired and unoriginal, or both. That’s why I am happy to share three posts I that are thought-provoking, unique, and Rockstar worthy. I understand that this is a bold claim, so I’ll let you, the reader, be the judge.
Is Financial Independence Selfish? from DiverseFI
Doc G. writes thought-provoking content on a daily basis, and this post is no exception. Have you ever wondered whether your pursuit of financial independence is selfish? I have pondered this question on several occasions.
After all, to create a blog, one must be a little self-involved, right? In this article, he questions whether prioritizing saving and investing makes us selfish. But then he goes on to say that, although our pursuit of FI can be selfish, it does not have to be.
We focus heavily on saving and investing, especially at the beginning of our journeys, so that we can get out of debt to build wealth. This, in my opinion, allows us to help others if we want to. What do you think?
Help! I’m on FIRE! Dealing with my FIRE Addiction from Money Stir
Chris from Money Stir is one of my favorite new bloggers. In this post, he argues that some of us need to be a little less obsessed with FIRE, or we will suffer some serious consequences.
What are some of the potential consequences? We can lose friends, our loved ones may grow to despise us, or we can lose our sanity.
Suffice it to say, an obsession with FIRE, just like anything else can be unhealthy. So, what’s more, important than FIRE in Chris’ opinion? Here are six things he names:
- Freedom to do what we want with our time
- Our friendships
- Marriage and kids
- Doing things that make us happy
- Enjoying life
Do you agree with all six of the items on his list?
4 Busted Myths About Women and Money from Financial Mechanic
The last post I am digging this week is a post that destroys four myths about women and money. As a man, I find myself sometimes entertaining these foolish myths myself.
This article serves as a powerful, well-researched reminder, that women are just as capable, if not more so, of handling money responsibly, as men are.
They can handle investing, save less than they earn, and plan for retirement effectively. On top of that, they deserved to be compensated fairly!
Peerless Money Post You Might Dig
This is the post that got me my first Rockstar Finance feature. I’ll forever remember the day when J. Money emailed me with the subject, “You’re Famous Today!” In it I tell my story of how I escaped Broke Phi Broke. A not so secret fraternity and/or sorority whose chant is, “We ain’t got it. Broke, Broke, Phi Broke! We ain’t got it. Broke, Broke, Phi Broke!”
The story begins with me sharing some of my huge financial mistakes. Some of them were:
- Co-signing a car loan for my ex-fiancee
- Racking up ten thousand dollars in credit card debt
- Purchasing a car that was almost equal to my yearly salary (25k at the time)
To escape, I had to refinance my credit card debt by taking out a couple of personal loans, pick up a few side hustles, and move in with some of my siblings. Now, instead of belonging to Broke Phi Broke, I consider myself a member of the FI community.
A community that teaches you how to save, invest, and grow your income. I have no intentions of returning to that broken place any time soon.
I have this weird obsession with smart light bulbs specifically and smart home automation in general. About a year and a half ago, I purchased a Philips Hue smart bulb kit, and I remember being super excited.
After installing it, I left a pretty lengthy Amazon review and shared the news with my friends. My friends thought I was weird for being so excited about light bulbs (they think I am eccentric in general). But I thought it was super cool.
A few weeks ago, I got a chance to beta test some smart bulb lights from a different company, and that was the highlight of my week.
If I were to reach FI tomorrow, the first thing on my agenda would be to create my dream smart home :-).
Thanks again for allowing me to borrow your digital space, Michael!