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:
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:
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!
