“Around the Web” posts are all about sharing articles that I’ve read during the last couple of weeks which I found interesting enough to share with you. Although I try to keep these articles topical, I don’t necessarily limit myself to posts about investing and frugal living. It’s all about whatever strikes my fancy — so it’s possible some of these might seem out of place. Just bear with me and enjoy!
I found this article on Digg the other week – it’s not strictly about financial independence, but I thought it was an interesting piece about one elderly woman’s decision to live in the moment instead of worrying about the future. I’m not saying that you should forego treatment if you’re sick, obviously, but there’s something about just living your life instead of wasting it away by worrying about the future all of the time. At the very core, isn’t that what being FI is about? Freeing yourself from worrying about the future?
Although the short piece barely touches upon the topic, the fact that Norma chose a life on the road (instead of living in a longterm care facility) really struck a chord with me. Living on the road honestly sounds so freeing. So if a 90 year old senior can do it, surely I can manage it right?
I’m not sure I really understand the Early Retirement Extreme website — it appears to be recycling old articles from the past, but I’m not sure. If that’s the case, my apologies if you’ve read this one already. Regardless, I’m posting this article here because I really related to the author’s desire to live a meaningful life by means of economic freedom. Unlike me, however, he got to retire at 35 (I wish!) but his rationale for wanting economic freedom is eerily similar to my own — if only I had his foresight to start earlier, I might have accomplished FI as soon as him.
There are some great anecdotes and tips in this post, taken from both his successes and failures while trying to achieve FI. I think where this article diverges from your typical FI blog post (and why it’s so interesting) is that he stresses the importance of building a business and owning real estate to generate income. The market, in his view, is a place to “park” wealth — and a place to generate it. I think this makes a lot of sense and it’s not something you hear a lot in the FI blogosphere, where stocks and portfolios are usually placed front and centre. It put things in a different perspective for me.
I’m not sure if I should be amazed or horrified. Again, not strictly a financial independence link, but it got me thinking about the future of our economy and where our society is headed. I thought robots and the kind of automation shown here were a few decades away – but after watching this video, I’m no longer certain that’s the case.
So what’s going to happen to our economy when human labour becomes worthless? Will huge swaths of our population become permanently unemployed? Will robots overtake skilled workers as well? These are important questions given that most early retirement plans in the “FI world” depend on portfolios that pay dividends/increase in value. How will companies generate value in the future when a large part of the population has no money because they can’t find jobs? This is already happening, but it’s only going to get worse. The future will be interesting and full of new challenges, that’s for sure.
As a side note, check out this spoof of the above mentioned video. Hilarious.
Everyone knows Mr. Money Moustache… I’ve been reading his blog on and off for a while now and it’s definitely one of the better ones out there. That’s why I thought this article was interesting, since it offered a great behind the scenes look at the man behind the legend and his vast online empire of Moustachians. I’ll leave it at that, since the article sort of speaks for itself.
Obligatory Cute Cat Video
Is all of the volatility in the market stressing you out? Bummed out ’cause your portfolio lost half of it’s original value? What better way to cure the stock-market blues than cute kitten videos? Here’s a compilation I found on Youtube – just be warned, the adorableness might kill you.
Hope you enjoyed these articles/videos as much as I did. If you have your own interesting articles that you’d like to share, feel free to post them in the comments below.
As always, thanks for reading!