And here are the lineups ….
The Power of Incrementalism (Passive Income NZ)
“Everyone has the impression that it is impossible to save for retirement. And this is true if you start at age 50. But if you start in your twenties and every year contribute a small amount and invest those savings into an index fund with low fees. Or any other investment vehicle you choose. And you keep year in and year out.”
A little by little accumulates…. Not just stuff, but money as well. The concept is not hard to get. But the execution part just get a bit tricky…
Dear Savers, What about today? (Financial Orchid)
“All too often we say to ourselves, just one more year, one more promotion. After we hit the first million, we want that second million, then we want to try for a third. We miss the experience of accumulating that 1st million and want to replicate it over and over again. At what point, do you tell yourself enough is enough and you tell yourself, I’ll be ok. I can scale back now. The quest for more wealth is infinite, but time on earth is not.”
How much is enough? A million? 2 million? A lot of people provide that “magic figure” for retirement but are unclear how they got to it. It always helps to have a bit of clarity and help set things straight.
10 Things That Will Absolutely Kill Your Net Worth (Life and My Finances)
“Instant gratification can really cost you… Instead of $2,000,000, if you spent your money today and starting investing just 10 years from now, you’d only have….”
Some great tips, although most of which we already know. But then again, good to have a look at the list again and exercise some prudence!
The Frugal Improvement: 15 Money-Saving Tactics I Ended Up Liking Better, Regardless of Dollars and Cents (The Simple Dollar)
“Frugal improvement is my term for any tactic I use that was originally implemented to save money but wound up being a noticeable improvement for non-money reasons.”
After getting rid of the things to kill your net worth, it will be good to turn to look at things which will help us save money. Frugal improvements are great because they not only help you to save money, but you do not feel discounted by the end product as well. Here are some tips from Trent.
Crazy rich Asia risks running into trouble (Nikkei Asian Review)
“Countries with high inequality tend to grow more slowly, in part because their middle classes consume less. They also show less stable development, often because they fail to introduce kinds of structural reforms that support long-term growth.”
Income inequality is becoming a hot issue button almost everywhere in the world these days, Asia included. The issues that myriads these problems varies across countries, but challenges remains the same. The rise and fall of the middle class is perhaps one of the most intrinsic areas that would most directly affect economic growth, whether through consumption or employment. Asia, with its riches, is not spared.
And here’s a quote to round it up…
