Welcome to my first Money Rundown on the blog!
I’ve been sharing these weekly curated lists privately with my subscribers, but I think I can help more people if I share them as weekly posts on the blog.
My goal is to help as many of you as I can take control of your lives by providing quality content that helps you improve your finances.
The posts will be collections of articles and other content I’ve enjoyed over the week and think you’ll find beneficial. I love reading new content, so please feel free to share anything interesting you come across with me via email or on Twitter.
Shout out to Scott from Making Momentum and PoF from Physician on FIRE for inspiring me to try this!
Now on to the Money Rundown for this week.
Great content from the interwebs
The Road to Burnout Helped Me Find My Purpose (The Physician Philosopher)
TPP hit the nail on the head with this post. It really hit home, and after I read it, I immediately sent it to Mr. TMG and friends who are residents or recent graduates.
I especially like this quote: “In an attempt to improve our happiness, we buy the house, cars, and private school educations that are befitting of a doctor. Unfortunately, these things do not provide happiness—and often act more like water placed on a grease fire.”
Woo! That applies to many of us in life, not just doctors. We often use retail therapy to cover up our pain or unhappiness. SO good.
Exactly How I Saved 72% of My Middle Class Income (Bravely)
I’m highly impressed with Kara’s ability to save so much. She’s definitely about her business when it comes to saving. People who make twice as much as she makes typically don’t save at nearly the same rate!
She admits that her lifestyle isn’t for everyone, but this post still gives plenty of tips that you can implement in your own life to increase your savings rate. Try the things you like and leave the rest.
How I Cut College Tuition Costs by 50%! (Brad Rosley)
Wondering how you’re going to pay the astronomical costs of higher education? Brad has a genius tip to help you cut college costs in half.
If only I had known this when I was in school. Could have saved tens of thousands of dollars. Sheesh…
Success Is Not Measured By Income (Dr. Cory S. Fawcett)
Although Cory writes about doctors, this post could have easily been about lawyers, or any other professionals who delay their full earning potential while training. Once they finally begin making money, the inclination is to spend it all because they “deserve” it after sacrificing for so long.
Having a high income means nothing if you spend it all. It’s not how much you make that makes you wealthy but how much you keep.
How to Be Frugal Without Depriving Yourself (Fly to FI)
For many people, the word “frugality” immediately brings to mind a life of deprivation. They write off frugal living because they assume it requires a high level of sacrifice that they can’t commit to.
In this post, Cody explains how he practices frugality while still living a full life, complete with extensive travel. He has saved thousands of dollars with his tips.
The Personal Side of Finance (Ms. Fiology)
In this introspective piece, Deanna highlights the importance of following our own paths in our financial journeys and how truly personal our journeys are.
Most others wouldn’t take the action she did because of the potential that others would judge. I commend her for living her truth and being the person she is called to be in Christ.
The latest from Their Money Goals
You know I’m a big fan of the debt snowball method, but I’m an equal opportunity debt slayer.
For you math nerds out there who are concerned about the interest paid in the debt snowball method, check out my latest post here:
How to Pay Off Debt Using the Debt Avalanche Method
Quote of the week
“Action may not always bring happiness; but there is no happiness without action.” — Benjamin Disraeli
That’s it for this week. What did you think of these posts? Anything interesting you came across this week that I should read?
If you liked this post, don’t forget to (1) share it with everyone you know and (2) connect with me on Pinterest and Twitter. See you there!
Hi, I’m Rho! I’m a wife, mom, and Biglaw associate who believes that true wealth is having control of your time. I help busy lawyers like you take back control of your time by teaching you how to achieve lifestyle freedom through mindset shifts and financial independence. Read a little more about me here.
