It's time for the weekly roundup of the best articles of the week for October 20, 2018.
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Check out these great bloggers and this week's articles.
Money Life Wax
Josh and Lauren, his wife, the authors of the blog Money Life Wax, are in many ways the typical Millennial bloggers. I don't' mean that disparagingly at all. Josh, like so many Millennials, came out of college with mounds of student loan debt. In their case, it was close to $300,000. Can you imagine having a $300,000 debt coming right out of college? I can't.
Josh started as a teacher. Lauren added most of her debt when she decided to change majors and get a doctorate in physical therapy. She did all of this over an eight-year period. You can read the full story of their debt struggles here. They paid all of the debt off in short order. Ok. So that's the background. Now on to the selected post.
The title, Parents: Please Let Your Kids Fail, really caught my attention. It intrigued me, even more, when I learned that Josh and Lauren have no children. Hmm. How can they advise parents? I don't want to steal the thunder from the article. Let me say this. They speak out of their own experience being raised by parents who taught them the value of failing; who instilled a work ethic and understanding of the benefits without trying to control the outcomes by manipulating how things went.
When you read the article, please have an open mind and ignore the fact that the writer is a guy who isn't a parent. It isn't preachy. It isn't condescending. It's rational and well presented.
I agree with most of what I read.
Parents, it is time our kids learn that failing is ok. Not every interaction needs to be micromanaged. Learn to let your kids fail, their adult self will be
Mike is the owner of the blog Budget Kitty. He describes himself as a “hardcore family guy” who likes “nothing more than crashing at home with my wife and kids.”
Like many bloggers, Mike shares the lessons he's learned over the years from his mistakes. As I've said many times, the most significant lessons we often learn are those we've learned the hard way, out of costly mistakes. Mike shares many of those lessons on Budget Kitty.
The post I selected is titled The Real Cost of Owning a Home. I like this post because I wrote one about home ownership myself. Mine was more a concept post. Mike's is a detailed list of all the costs, seen and unseen, of owning a home. As a New Jersey resident, one of the highest and often ignored costs are property taxes. New Jersey has some of the highest in the country.
Though he starts with property taxes, you'll also find a list of many of the other costs (insurance, maintenance, utilities, association fees, etc.) that come with the pursuit of the American Dream.
I found the article a good reminder to look at all that's involved with buying a house before moving forward.
When people think about the cost of owning a home, they tend to forget about or underestimate many expenses home owners have to deal with.
Budgets are Sexy
J. Money runs one of the most popular blogs on the internet at Budgets are Sexy. I've featured him on several occasions, including my list of the ten most influential bloggers. J gets tons of comments on all of his articles. He responds to every one of them. It's impressive.
The post I loved this week is titled It's Not About the Money; It's About the Lifestyle. He highlights an email he received from another long-time blogger and friend of his, Cait Flanders. Cait left a successful and stressful career in a startup firm while blogging and freelancing on the side to spend more time doing the things she loved with the people she cared about the most.
She started something called Adventure Tuesdays. Every week she set out to enjoy something new with friends she wanted to spend time with. In her email (which you can read in the post), she says she's done approximately 156 Adventure Tuesdays. She talks about how important it is to pay attention to how you want to be spending your time.
She contrasts the difference between consuming and creating. Americans are a consumption based society. She challenges us to think about our creative side and how much time we spend there vs. consuming.
J. adds his comments and perspective. It's a thought-provoking post that caused me to pause and think.
I don't know if you caught it, but in our last net worth update I slipped in something pretty nonchalantly that really should have been more chalant 😉 We'll see if we reach before the downturn, but either way it really doesn't matter as it's not the *amount* that counts, but the *lifestyle* it gives you.
Your Money Geek
Michael Dinich is another blogger I've recognized in my Top Ten List. He blogs over at Your Money Geek. He is a prolific writer and carved a niche in the entertainment industry with his interview series of actors, producers, and directors in geeky movies. Yes, he describes himself as one covering geek culture.
Today's post, is, quite literally, today's post. Michael published the article on November 1, 2018, which is the date I'm writing this roundup. The title is Hacking the Affordable Care Act. It's timely as we enter the annual enrollment period for health care, employer-sponsored and otherwise.
Michael isn't afraid to wade into the difficult topics. The Affordable Care Act (ACA) is one of those topics. Like it or not. Supportive or opposed, the ACA is, for now, a part of the fabric of health care in America. Michael offers a nonbiased, accurate review that will be helpful to anyone considering or participating in the ACA.
For many, it's their only health care option. Even if it isn't on your radar, You will find this post helpful in understanding the facts of how ACA operates today. It's hard to find a nonbiased, objective view of the ACA in media. Most of the coverage is from lovers or haters of it. Their coverage often portrays their particular view. It's refreshing to see someone tackle the facts and offer help to anyone who needs it.
looking for affordable health insurance? The ACA has changed everything we know about reducing health insurance costs.
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