What I'm Reading This Weekend (December 7-9) V2
I had so much fun skimming through my favorite bloggers and curators that I thought I would provide a bonus edition of "what I'm reading..."
Here's what caught my attention this week:
State of Financial Education
- Bureau of Consumer Financial Protection (the agency formerly know as the CFPB) releases their Annual Report on Financial Literacy
- Looking for ways to beat procrastination (I've given up!), then you might find this excerpt from Atomic Habits helpful
- Thought provoking article about why people tend to fall for scams from the Economist. Short answer: It's not only greed, there are other psychological factors at play too.
- Say it ain't so, scooters are replacing bikes according to this FT article (sub required). Could it just be a fad?
- Don't tell this to folks in Palo Alto...start-ups aren't cool anymore according to the Atlantic which provides the reasons that millennials are not starting businesses at the same rate as previous generations.
- Looking for books to read or give as gifts for the holiday? Here's a list from NPR.
- Over 100 million Americans (51% of households) now have PRIME accounts and those who don't are using a friend's account. Why? According to SLATE, it's quite simple: Amazon saves them time and money.
- Good reminder about the importance of understanding the incentives behind a financial adviser recommending a product. WSJ reports that Merrill Lynch was pushing clients to take on more debt (and were compensated for it).
- This All About Your Benjamins podcast provides the counter-narrative to the spendthrift athlete; Amobi Okugo is an MLS player and a frugal athlete
This is what is known as a bad day in the market (S&P 500 market map courtesy of FinViz); a good day to own utilities!
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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