The Best from Rockstar Finance for December 30, 2018

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Today’s Features

What I Would Tell My 25-year Old Self About Life

I took another stab at this question. About 10 years ago, I went through life as a mid-20s dude working in information technology and earning good money. I know how I was like back then. If someone told me to save more money, I would have told them to shove it. Here’s how I’d respond to that question…like, honestly.

Interest Your Earn Is Weightier Than Interest You Save

So many [people] are quick to tell you to make more than minimal payments. They want to help you get out of debt faster, so you can avoid the dismal feelings associated with that heavy burden. But this may not be the best advice for you to follow if you really want to end up with more than merely paying your debt off. The reason for this is because paying off your debt, while it sounds really nice and comfy, doesn’t provide you with anything else.

We Went to a Steak Dinner Annuity Pitch. The Salesman Wasn’t Pleased

I had long wanted to attend one of these steak dinners, and if you are in or near retirement, or sort the mail of people who are, you might be curious about them as well. Such dinners have been a cause for concern.

Will More Money Make Me Happier?

A bigger house, faster car, and expensive designer clothes are unlikely to make you happier. And any happiness that you derive from expenses on new things quickly subsides. There is nothing wrong with buying these things once you are meeting your financial goals, but it is important to recognize that they are unlikely to make you truly happier.

Crazy Ways Wealthy People Stay Rich

One woman I interviewed for the book used to work in wealth management for high net worth individuals, whose assets exceeded $25 million, so she witnessed all sorts of crazy ways the wealthy protected their money. One way was buying art, very expensive art. Except it wasn’t buying art as a way just to diversify an investment portfolio. Oh no. These wealthy people were buying art and moving it to different countries or even warehouses known as free ports.

Rockstar Guest Curator

Camilo and Francisco run The Finance Twins , where they’re on a mission to simplify personal finance and make important financial information more accessible. Raised in poverty, the twins overcame adversity to reach the highest levels of academic success. With degrees from top academic institutions including an M.B.A. from Harvard and an M.D. from the Mayo Clinic, the twins have seen the disparity in financial knowledge between social classes. They’re working to close that gap.

You may have noticed that Rockstar Finance looks a bit different lately. For details on the exciting changes, check out Feature Changes at Rockstar Finance.

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