How great was it to enjoy Kathryn’s curating last month and have Karen’s top reads to look forward to next month? I’ll answer for all of us: very. I hope every single one of you is finding a (safe) way to enjoy the summer. Hopefully on, in, or beside the water, with a book in your hand and a drink within easy reaching distance. And since you’re staying two metres away from everyone else, and prefer reading to shouted conversations (just me?) here’s a selection of interesting, informative, or inspirational reads:
- Encouragement from Jacquette Timmons to find good trouble to get into, inspired by Representative John Lewis
- A realization that the FIRE movement is about so much more than that last bit about “Retire Early” from Christine Benz
- Exhortation from Peter Bregman to let yourself feel your feelings when grief strikes
If these three great reads aren’t quite enough for you, check out:
- Megan Bartelt’s article on staying invested in your employer’s shares
- A comprehensive guide to financial aid for Canadian postsecondary students by Cameron Yee
- A beautiful meditation on what budgeting isn’t from our friend, Chris Enns.
Still reading? How about:
- Cracking open policy expert John Stapleton’s rundown of the CERB clawback and what an equitable treatment for low income, elderly, and disabled Canadians should look like
- A family anecdote about spilled milk that Tiffany Aliche turns into a great way to avoid overthinking mistakes and heading directly to solutions instead
- Fascinating research that shows how our beliefs about stress influence its impact on our health
- A thorough checklist to roadtest your incapacity plan – before you need it!.
From Christine Benz
“I’ve concluded that the “retire early” part of FIRE is a bit of a distraction from the really important part of the movement: the value of mindfully allocating our precious time and money in a way that aligns with our values, life goals, and joys. From that standpoint, even those of us who don’t plan to retire early can learn something from FIRE, and young investors with their whole lives ahead of them can learn even more.”
Read the full article here.
From Peter Bregman
“Feel the sadness, the loss, the change. Sink into the discomfort of not moving forward, not getting things done. In a strange way, not progressing may be its own form of productivity. Something fruitful is happening, we’re just not controlling it.”
Read the full article here.
You can read this month’s entire list below, and browse through past lists here.
“So, if you want to stay concentrated in your company stock, it’s not necessarily a bad idea. You in fact kind of have to do that to have a chance of a big windfall. But you also have to understand that this (very) probably won’t happen, and you’re more likely to have less money in the end than you would have had you sold the stock and invested in the “low-cost, broadly diversified portfolio” that we financial planners are always nattering on about.”
“If you’re overwhelmed by the thought of student debt, this student financial aid guide can help you understand your options, how the programs work, and how to apply and qualify for them, too. Remember, you have nothing to lose from applying!”
“Budgeting is about doing money on purpose.”
“No surprise here. If you have more RGI housing, more social assistance recipients and more low-income seniors, you also have the greatest number of clawbacks and people therefore have less money to spend in their local communities. Double whammy!”
“Become a paper towel person.”
“those who had the highest levels of stress were 43 percent more likely to die only if they also believed that stress was bad for their health. In contrast, those who experienced high stress but didn’t view it as harmful were the least likely to die.”
“Not having a plan or having one which is inadequate can be a costly and contentious matter and can lead to family discord.”
- October’s Top Reads - October 14, 2020
- Financial Intimacy by Jacquette Timmons: A Book Review - October 6, 2020
- Our Money Stories by Eugenié George: A Book Review - August 13, 2020