Weekend Reading: 7 Beliefs About Money
This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend Reading
Whether you find it to be a taboo topic or not, the concept of money is incredibly complex. Here, author Rubin Miller highlights his duality as a financial professional and a regular person grappling with everyday money decisions.
READ THE ARTICLEThroughout his experiences, he’s accumulated seven personal money matras. Five include:
📌 Appreciate untouched investments: Embrace the concept of compounding and portfolio design.
📌 Find enjoyment without spending: Learn to have fun without constantly buying things, as relying solely on spending leads to a never-ending cycle of consumption.
📌 Understand your investment outcomes: Even if you're not an expert, it's essential to grasp what drives your investment results to make informed decisions.
📌 Establish an ASWI (Ain’t Stinking Worth It) number: Determine a threshold for purchases that you won't spend time thinking about to avoid unnecessary stress.
📌 Show yourself grace: Don't dwell on past financial mistakes; instead, focus on improving your situation and embracing financial planning for a less stressful life.
Your money is best leveraged in ways that are purposeful and meaningful to you. There’s a delicate balance between financial responsibility and valuing time as an irreplaceable resource, but once you find it, fulfillment can flourish.