This week Len Penzo talked about fruit juice, unemployment, and asked that his readers Guess Which Stock Market Index Is Up 212% This Year. I wouldn’t have guessed right. Did you?
At Financial Finesse I learned The 3 Most Important Words in Financial Planning. “Margin of Safety.” You see, we tend to miss on forecasts every day, overestimating returns, underestimating expenses, etc, so that over the long run these errors are cumulative and we may miss our target by a great number. Understanding these errors helps to manage that margin of safety.
Jackie at Money Crush talked about how to Slay the Green-Eyed Financial Monster. It’s easy for us to envy our neighbor for their cars, vacations, houses, etc. It’s a slippery slope and when you feel that way, it’s time to slay the monster.
Saving Too Much For Retirement? Is It Really Possible? At Generation X Finance, Jeremy asks and answers this interesting question. It’s not just possible, it actually happens, and Jeremy will explain the warning signs.
And last, at How I Save Money, The Importance Of Having A Buffer. This isn’t an emergency fund, but the normal extra you should keep in checking just in case payday comes a day or two last due to weekends or holidays. A great way to avoid the bounced checks.
On a somber note – President Obama will address the nation Tuesday and ask congress for support to strike Syria for its use of chemical weapons. Can we turn our backs while innocent people are being slaughtered? Can we afford to police the world? Why isn’t the rest of the Mid-East showing outrage for what Syria is doing?
Thanks for mentioning our blog post. All of these are very helpful resources and we appreciate you spreading them around to help people better manage their finances!
My Pleasure! An interesting article, one that made me stop and think.
Very nice article. Thanks for sharing your ideas with us.