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Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.
This offering of Grand Rounds looks at articles from around the web that deal with changing your attitude about money.
We all work very hard for our money.
Money is therefore just a representation of our time.
So why do we sometimes treat money so carelessly and waste it?
Time is our most valuable commodity and when we trade it for something else it better be worth it.
The Frugal Physician gives you some advice on making every dollar count in, “Stop Throwing Your Money Away.”
You can’t teach an old dog new tricks.
Fortunately most of us still are able to change our ways, especially when it comes to finance.
I started my financial journey in my 40s and though it was hard at first, it became easier as I developed good financial habits.
White Coat Investor shares some tips on how you too can turn things financial around in, “7 Daily Habits to Become a Financial Superhero.”
I truly feel that Geoarbitrage played an important component in my financial journey.
I certainly do not feel like I would be in the position I am in today if I lived in a very high cost of living area (HCOL).
But what about those folks living in expensive coastal cities?
Should they kiss FIRE goodbye?
Well The Female Money Professional says FIRE is still possible and shares advice in, “Frugal Living Tips To Save Money When You Have A HCOL.”
There are several financial strategies that are out there to build wealth.
You can take the offensive side and concentrate on ways to increase income/money coming in.
Or you can the defensive side and concentrate on minimizing expense and prevent excess money going out.
Debt-Free Doctor analyses both approaches in, “Living Below Your Means vs Expanding Your Means- How To Get Rich.”
One of the hardest things when you first become interested in investing is to actually go ahead and start doing it.
Faced with so many choices it is easy to feel overwhelmed and not take any action at all, a phenomenon knows as Analysis Paralysis.
While some analysis is beneficial when you are deciding where to put your hard earn dollars, over-analysis is not.
Passive Income MD explains in, “How Analysis Paralysis Can Cost You- in More Ways Than One.”
Hope you enjoyed the reading material.
Have a great rest of the week.
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Even a steadfast DIY’er can sometimes gain benefit from the occasional professional input.
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