Jun 4, 2020

Recovering from Your Financial Mistakes: Launch Personal Finance - Issue #23

Revue

Launch Personal Finance

June 4 · Issue #23 · View online

Personal Finance & Financial Independence
3(ish) Articles, Curated Daily

Regardless of how good your are with money now, you’ve probably made some mistakes with money in the past. You’re almost certain to make more in the future as well.

Personally, my biggest mistake is not being aggressive enough with retirement savings early in my career. I made the usual excuses, not enough income, too much rent, plenty of time to save later. It cost me thousands (and thousands) of dollars.

Thankfully, I’ve gotten better over the years and am much better positioned now. We do not have to let our mistakes define us, but we do have to learn from them. Today’s first article takes a look at learning and recovering from our mistakes:

How To Learn And Recover From Your Financial Mistakes

www.moneylogue.com – Share

No matter how hard we try, we will make mistakes. It is an impossible task not to make financial mistakes but learning from it will make us a better person.

Alexander Hamilton has gotten a lot of attention over the last few years (I spent hours in a virtual waiting room for tickets when Hamilton came to DC). But, when it comes to personal finance, Ben Franklin still gets all the press. Of course, the 1st Treasury Secretary knows a thing or two about money:

10 Lessons About Money From Alexander Hamilton

thefinancetwins.com – Share

His life wasn’t always sunny. But he left some awesome lessons when it comes to making money. Here are 10 money lessons from Alexander Hamilton.

Rental properties are often promoted as great vehicles for financial independence. What does it actually take to get a loan for one though?

Getting a loan for my investment property — EAT Money

eat.money – Share

Getting a loan for an investment property has a been a learning experience for me. This post lays out the process and what to expect.

Finally, since we skipped publication yesterday, here’s a bonus article for today:

21 Simple Secrets To Read More Like A Millionaire - Method to Your Money

methodtoyourmoney.com – Share

Author Thomas Corley details in his book Rich Habits that the average self-made millionaire has the habit of reading for self-improvement every day, leading to them reading 2 books A MONTH!

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