While I desperately want to start with something uplifting, I’ll admit I’m not having a particularly good financial week; my wallet was stolen on Tuesday. A tote bag holding my wallet and several other things (though, thankfully, not my laptop) was lifted from right next to my feet. So I had the not-so-great pleasure of welcoming that sinking feeling that comes with having no money, no ID, no way to access money, and no way to access an ID. It’s a terrible, vulnerable feeling that I haven’t been able to shake. The bad (but fortunate) news is that this has happened before — my wallet was stolen a couple of years ago in NYC — so I knew the drill in terms of acting fast and canceling my cards, etc.
I lost exactly zero cash, because there was no cash in my wallet, which is one of the only times when the whole I’m Terrible At Carrying Cash thing actually pays off. The bag itself was from a thrift store and cost me about $12, and the wallet was inexpensive, too. I’ve never owned an expensive wallet, just like I’ve never owned sunglasses that cost more than $10, so that was the far-off silver lining of an otherwise very shitty situation. One of the other casualties was my glasses, which I need to drive, but seeing as I also lost my license, I won’t really be able to drive for a few days once I get back to L.A. anyway. I really want to be able to tell you all what I learned (a life lesson or a financial lesson) from this experience, but honestly, it’s still too fresh right now, and my replacement cards haven’t shown up yet, so I don’t feel quite back on my feet enough to draw inspiration from this yet. Hopefully by the time I write this post next week, things will be more put together, so please stay tuned for the life and money insight that I hope to be sharing seven days from now.
Until then, I hope you all enjoy our seven personal finance articles we love this week, which were rounded up by our friends at Rockstar Finance. I was totally enthralled by the things entrepreneurship doesn’t care about; I’m a sucker for long lists. And just while sifting through these quotes, I have to say #3 made me very curious as to what the wealth tripod is. As always, I look forward to hearing your reactions to what entrepreneurship doesn’t discriminate against, wealth tripods, and the other topics covered below.
1. Why I Dedicate 1 Day a Month to My Finances — My Mixed Up Money
“One day a month (always the last or first day), I spend time reviewing my finances. I write out (yes, by hand, in my cave from the ice-ages) every single dollar that I spent. I choose my categories based on my spending, and I total everything up. It looks very sexy…”
2. 66 Things That Entrepreneurship Doesn’t Care About — Self Employed Movement
“Entrepreneurship doesn’t discriminate. We’re all on a level playing field. We all get the same 24 hours a day.”
3. The Ultimate Guide to Becoming a Millionaire — Bigger Pockets
“I don’t talk about my net worth very often, but I crossed the $1,000,000 net worth level about the same time I turned 30 years old. I didn’t start out with a rich family. I never went to an Ivy League school. I didn’t win the lottery. I simply (and correctly) used The Wealth Tripod.”
4. Becoming Minimalist — Becoming Minimalist
“Our excessive possessions are not making us happy. Even worse, they are taking us away from the things that do. Once we let go of the things that don’t matter, we are free to pursue all the things that really do matter.”
5. The 8 Principles of Lifehacking — The Escape Artist
“There are two speeds at which I make decisions. Really fast and really slow. The trick is knowing which bucket to put each individual decision into.”
6. “Retirement is Hard” – My Doctorate Thesis — The Retirement Manifesto
“‘Retirement Is Hard’ is the working title to a Doctorate thesis I’m currently working on. It’s a non-traditional doctorate program. First, it’s an online program. Next, it’s entirely self-led, difficult at times, but very rewarding…I’ve been working on the Doctorate for 13 months.”
7. Summer #PFbookchat — Dream Beyond Debt
“Here are the [personal finance books] we’ll be reading this summer.”
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