Friday Reading: Why Do We Work?

By Harry Sit

How (and Why) to Assess Your Economic Risk Tolerance by Mike Piper at Oblivious Investor

Job security and budget flexibility are among a number of questions Mike listed that can help you asset your economic risk tolerance. I went through the worksheet by CFP Dylan Ross. I got 60% stocks, 40% bonds. That’s what I have!

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Statisticians Make the Worst Clients by Dirk Cotton at Retirement Researcher Blog

This is hilarious! I laughed so hard when I read it. I’m not going to spoil it. I hope you enjoy it too.

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Can I Retire? by Roger Wohlner at The Chicago Financial Planner

Financial planner Roger Wohlner  shares how he approaches this most frequently asked question: "Can I retire?" I think the answer is always yes. It doesn’t take a lot of money to live a minimalist lifestyle. Millions of retirees don’t have a lot of savings and they still retired. It gets more complicated only when someone wants more.

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Why do we work? by Leigh at Leigh’s Financial Journey

Good question. Is it for money? For fulfillment? For socialization? I propose this simple test (for those working for an employer):

If the employer cuts your pay in half, do you still show up?

That’ll answer the question.

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Build a Bigger Nestegg Through "Investment Creep" by Michael at Financial Ramblings

Bumping up savings/investment percentage at each raise. Good idea. I would suggest forming a good habit and shooting for the max from the get-go. Then you will never miss that part of the salary. My wife and I contributed the maximum allowed to our 401k and IRA since our first full-time jobs.

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Permanent Portfolio Book Accolades from William J. Bernstein and Other Respected Bogleheads by Craig Rowland at Crawling Road

Two amateur investors wrote a book about Harry Browne’s Permanent Portfolio. It won praises from respected author William Bernstein.

Congratulations! I will have to read it.

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Harvest Your Losses and Pay Down Your Mortgage with Two New Services from Wealthfront and MortgageNudge by Matthew Amster-Burton at MintLife

Like Matthew, I’m very interested in some of the innovative services offered by start-up companies. They may not have staying power for one reason or another but the products sure beat the boring incumbents. Early adopters often benefit because the start-ups don’t have to run a profit when they go after growth.

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Save Money on Your Flu Shot This Winter by Harry Campbell at Your Personal Finance Pro

My employer gave us a voucher to get free flu shots at a pharmacy. I didn’t know a High Deductible Health Plan (HDHP) covers flu shots as preventive care. It makes sense it would.

Blog Carnivals

Yakezie Carnival October 13 2012 hosted by Karl at Cult of Money included my post about a basic checking account paying more than a high yield savings account.

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Posted on October 19, 2012 under News. Keywords: , , , , , .

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Comments

2 Comments on Friday Reading: Why Do We Work?

  1. Roger @ The Chicago Financial Planner on October 19, 2012
     

    Thanks for including my post among all of these other great posts.

  2. Harry @ PF Pro on October 19, 2012
     

    Thanks for including my post TFB. I work so that I can semi-retire to something I enjoy more asap :) Even though I don’t mind my current desk job that much haha

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