The 7 Personal Finance Articles We Loved This Week

It’s Thursday, and you know what that means: time for another round of awesome personal finance articles hand-picked by ESI of Rockstar Finance!

When trying to get better with money, a lot of people deal with the same thing: shame. They look at their past money habits and are so ashamed by the mistakes they’ve made that they either punish themselves by never allowing for fun spending again, or they wallow in the idea that they’re simply bad with money and give up on trying to get better. I’ve certainly been there; I’ve had my fair share of “I’m terrible and I suck moments” that end up spiraling into putting way too much on my credit card, because what’s the point of even trying?

But I think one of the most important things everyone has to realize when it comes to money is that you don’t have to be defined by your past bad habits or inherent money skills. We can all get better. That’s why I loved this piece this week, all about creating a better money mindset for yourself. I love the writer’s idea of writing a new “money story” for yourself:

Now, I focus on the abundance in my life. My new money story is this: money is a tool. It’s a tool for freedom, for helping others, and it allows me to live life to the fullest.

Here’s my exact money story:

  1. Money is a tool to live life to the fullest. It allows me to live a life of freedom and to help others.
  2. I spend my money intentionally and only on things I love.
  3. Every day, I am taking steps to learn more about how to make my money work for me and create even more abundance in my life.

Even now, when I’m still faced with debt to pay and all the lemons are coming my way, this is my money story. I don’t ever waver from it. And you know what? I always have money to pay my bills. It’s always there. I make it happen. No stress. No mess. No worry.

Be sure to check out the rest of this week’s awesome posts below!

1. The Shockingly Scary Difference Between Healthy FIRE and Unhealthy FIRE – Minafi

“Being unhappy in a job can be a great motivator to help you save and drive towards change in your life. That can be a chance to other careers, change to save more and a chance to explore other things that could make you happy. It’s when the conversation never gets past ‘I just need to leave this job, then I’ll be happy’ that I get concerned.”

2. Why Everyone Should Have Their Own Business (and How to Guarantee Success) – Mad Fientist

“Maybe you don’t have a business and haven’t thought of starting one? I’m here to say that starting a business could be the best thing you do on your path to financial independence and it could be the thing that impacts your happiness most after early retirement.”

3. How To Create Mindful Money Mindsets When Life is Throwing You Lemons – The Classy Simple Life

“Let’s face it — when your money situation is less than stellar, it can leave you feeling drained. You’re stressed to the max and then you read somewhere that you need to cut back on everything including the fun to get your money house in order. Can I call BS on that? You don’t need to suffer. You are allowed to have fun. You need to take care of yourself.”

4. Lifeboat Drills – Retirement Field Guide

“When the markets are going up, everyone acts like they know what they are doing as if they are texting and driving.  We ignore the risks that we should inherently understand.”

5. 9 Convincing Reasons Why You Should Be Tracking Your Net Worth – Vital Dollar

“Tracking your net worth is easy, but few people take the time to actually do it. And even fewer people track net worth consistently. How you manage your money may not impact your salary at your job, but it will have a huge impact on your net worth.”

6. 5 Ways Life Changed After Paying Off Our Mortgage (and 3 Ways it Didn’t) – Rockstar Finance

“Paying off our mortgage has had some of the impacts that we expected, like more peace of mind, but it’s also had some consequences that we didn’t expect, like convincing us that we could afford to spend more on a home.”

7. How To Make Money Charging Electric Scooters – City For Millennials

“You can make money for charging the Lime-S Scooters at home. By becoming a ‘Lime-S Juicer,’ Lime Charger, or Lime-S Scooter charger, you can collect scooters, charge them overnight, and deliver them in the morning for extra cash.”

Image via Unsplash

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