Here is the weekly roundup of the best articles of the week for January 4, 2019.
If you'd like to get this and all new posts sent directly to your inbox, complete the form in the sidebar.
A lot of what I read that doesn't make it to the this weekly best content I post on social media.
Be sure to follow me there with the buttons to the right.
Since I'm just now getting back into the swing of things, this week's edition will include three, rather than the usual four posts.
HAPPY NEW YEAR!
Best Articles of the Week for January 4, 2019
Peerless Money Mentor
If you're a regular reader of Money with a Purpose, you will recognize my friend and fellow blogger, Jerry from Peerless Money Mentor. Jerry recently participated in my interview series. I encourage you to read that post – How to Survive Growing Up Poor in Urban American.
The post I chose from Jerry talks about his journey as a new blogger. It's something I wrote about as well when I summarized my first year of blogging. Jerry's perspective is unique. As an African American blogger, he represents less than 1% of personal finance bloggers. He's been featured three times in the last year on Rockstar Finance.
One of his articles made it to the pages of Business Insider. Jerry talks about the good and the bad of being recognized nationally. As every blogger learns, people can be downright hateful.
Like all of Jerry's posts, it's transparent and honest.
A Year on the Journey From Broke to Financially Woke “It's been a little over a year since I wrote my post From Broke Phi Broke to Financially Woke. Let's jog down memory lane and see what I have learned along the way so far.” -Peerless Money Mentor A Walk Along the River…
My next selection comes from Bernz JP over at Moneylogue.com. Anyone who has been on social media for any time at all knows it's a place where people can say whatever comes to their mind anonymously. Some must feel like the anonymity gives them the right to say whatever they want to or about people. I've seen some pretty nasty things on Twitter. Some people make this a habit. They are known as trolls. They seem to scan the internet and social media looking for a place to pick a fight or give their unedited opinion on something someone has said or done.
Bernz JP offers an alternative and much more positive way to use social media – to end world hunger. Sounds preposterous, right? Maybe not. Social media created the Arab Spring several years ago. You remember that, right? Protesters across the Middle East in response to oppressive regimes and the extreme poverty in many of them.
Bernz JP proposes using social media to create a similar movement (peaceful, not armed) to spread the word about world hunger and to begin an effort to eliminate it. It's a very thoughtful post with ways for those interested in doing something good with their social media to get involved. He cites a survey which says that 62% of people get their news from Facebook, Twitter, and Instagram.
Besides the Arab Spring, there are many other ways social media has brought about change (#metoo, and many others). I love it when bloggers use their platforms to change things for the better. Never underestimate the power of social media to do so.
About 795 million people all over the world or one-ninth of the world's population do not have enough food to eat. Closer home, in the U.S., about 41.2 million Americans including 12.9 million children go hungry. While these are bleak statistics, they raise some tough questions. Is global hunger inevitable?
The Upwardly Mobile Life
I had honestly never heard of Upwardly Mobile Life before seeing one of their posts featured in Campfire Finance. The authors introduce themselves as Mr. and Mrs. Up, following the trend of many bloggers who choose to remain anonymous.
The FIRE movement has been in the media a lot since Suze Orman came out so strongly against them in a podcast last fall. I've talked about the FIRE movement in some previous posts. I love the concepts of FIRE but have my issues with some of their bloggers. I won't hash that out here.
Mr. Up, the author of the article, reintroduces the Gentry class. From Wikipedia – “Gentry (from Old French genterie, from gentil, “high-born, noble”) are “well-born, genteel and well-bred people” of high social class, especially in the past.”
Mr. Up makes the case that the FIRE movement is out to recreate their version of the Gentry Class, those who don't make enough or have the titles to be called Aristocrats but can, nonetheless, achieve financial independence enough to live off their passive income, investments, and other side hustles.
It's a post that is sure to be controversial and ruffle some feathers in the sometimes overly sensitive FIRE community. That comment will likely add fuel to the FIRS (pun intended).
I'm going to say something very controversial; The FIRE movement is really just people aspiring to revive the Gentry Class with themselves as members of that class. In fact, to me, that's not only okay, that's totally normal and unsurprising.
My post this week
My post this week is a guest post that offers an introductory guide on cryptocurrency. We'll be back to our regular publishing schedule next week.
Today I'm happy to share a guest post from Alexander, who runs the blog DaytradingZ. He wrote a very insightful post on Blockchain technology. Reading this post prompted me to ask Alexander to write something for my readers. How cryptocurrency works is the result. The site is meant to educate anyone interested in day trading stocks.
Have a great weekend!