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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 some of the issues money brings into our lives.
As Jim Dahle, of White Coat Investor fame, has written, there are indeed many roads to Dublin.
We all have a destination in mind, be it retiring on a beach, traveling the world, spending more time with loved ones, etc.
Which road we choose to get there is ultimately up to us.
The Frugal Samurai, a blogger from down under, doesn’t beat around the bush and directly asks us, “Which 4 Main Paths Of Life Are You On-Consistent, Hard, Avant-Garde, or FIRE?”
It’s the stuff that makes the world go around.
Unfortunately we have to trade one precious commodity to receive another, in this case our limited resource of time.
It is a delicate balancing act indeed and if you aren’t successful at it you will find yourself with a pile of money and little time to enjoy it or conversely plenty of time with no money at all.
Ryan Inman, of Financial Residency gets a detailed discussion in, “How To Balance Your Time Versus Money To Lead A Richer Life.”
The intricate relationship between time and money has been told throughout the ages (or at least in the internet era of personal finance blogs).
You trade time for money.
Unfortunately that relationship is one way (unless you believe the sci-fi movie In Time will one day come to fruition).
J.D. Roth of Get Rich Slowly fame gives us a wonderful analysis of how we can make whatever time we have remaining the best it could be in, “The Relationship Between Time, Money, and Happiness.”
Everyone dreams of a windfall.
Whether it be a lottery win, striking oil/gold, or inventing the next great thing.
But be careful of what you wish for.
If all your co-workers except you took part in a lottery pool and won, would you be happy for them?
It would come as no surprise that there will likely be a change in the dynamics of the relationship.
Corporate Monkey CPA shares with us a real life story of how a windfall can create a division on a grand scale can be found in, “Money Greed, & Blood (in that particular order): A Peruvian Potato Field War).”
The starter mindset.
What do I mean by that?
It is buying something with the intention that it is only a temporary fix/bridge to bigger and better things.
It can certainly represent your first steps onto that hedonic treadmill, with starter homes, starter cars, and for some the most expensive of them all, starter wives/husbands.
Save. Spend. Splurge., cautions you to think twice before making these type decisions in, “Is What You Want Really What You Actually Want?”
Hope you enjoyed the reading material.
Have a great rest of the week.
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Thank you so much. Appreciate the shout out!
Of course. It was a great article. Keep up the good work 🙂