Weekly Roundup – Momentum’s Finest On Saturdays VOL 12 [MAY 5]
We made it to another weekend. And Spring weather is finally in the air.
I hope yours is off to a great start. Whether you’re kicking back with the family, off adventuring in the spring weather or side hustling some extra money. This marks Volume 12 of the Momentum’s Finest weekly feature and we’ve got 14 blog posts and 9 podcast episodes to share.
MY POSTS THIS WEEK
- A 3 Month Backpacking Trip At Age 19 Anchored My Financial Future: In the end my European backpacking trip cost me $35,000 – $56,000 depending how much of my future education and lifestyle decisions I want to account to this decision and the compounding costs. However, I wouldn’t change this for the world and this trip was the adventure of a lifetime with so many benefits.
- Momentum Series: MikedUp Blog – Family Business, Finances & Fitness: This week’s feature in the Momentum Series is Mike from MikedUp Blog. This was a great interview! Mike is a former NCAA football player and now calls himself a forensic scientist, CEO of the family business, father, husband, fitness practitioner and much more. Lots of advice, stories and in-depth info from Mike!
MAY GIVEAWAY – DUAL BOOK PRIZE PACK
The May Giveaway for Momentum’s Finest Newsletter Subscribers is a two book prize pack including The Simple Path To Wealth by JL Collins and Smarter Faster Better by Charles Duhigg. Knowledge is power and these are two great books for those looking to better understand the path to financial freedom and improve their productivity.
Just click the image below to head to the contest entry page. Be sure to share your lucky URL with other people to gain more entries and increase your chances of winning!
Well let’s get rolling into the 14 blog posts and 9 podcast episodes in this week’s Roundup.
PERSONAL FINANCE BLOG POSTS
Here’s to Strong Women: The End of the Damsel in Financial Distress from She Picks Up Pennies
What a post! I can’t really do this justice with a short quip in this Weekly Roundup. I am lucky enough to come from a family with a powerful, confident Mom that was the bigger earner in the household as she navigated up the leadership ladder. As well as a sister hellbent on success (which she has achieved) that has always spoken out on the inequalities of society. However, as Penny, from She Picks Up Pennies, so clearly and shockingly points out…this is not the case at the ‘top’ of the financial community or life in general. Read the post, re-read it again and then consider your own life, career and the interactions you’ve seen or had…she’s right, isn’t she? And that’s not okay.
6.5 Big Money Decisions You MUST Get Right to Get Rich from Wallet Hacks
Jim at Wallet Hacks penned this great read highlighting 7 (well 6.5 in his words) different focus areas to master on your financial journey. These are the big ticket items that will often dictate the majority of your money wins or losses. From career and investments to kids and relationships, Jim shares his advice, links to other resources and statistics on each topic. I often sweat the small things and lose sight of the bigger picture items that can really make the most long-term impact. This post helped me re-evaluate my own situation.
How to Invest Money: A Newbies Guide to All Types of Investments from Listen Money Matters
Investing can be daunting for prospective investors, so many choices and no clue where to start. Glenn Carter from the Listen Money Matters crew pulled together this guide to hopefully appease some of those concerns from newbie investors. The investment topics discussed include the stock market, retirement, real estate, business and debt. A helpful guide for anyone at the start of their financial journey and something I wish I had when I was 20!
One Reason Women Make Less Money? They’re Afraid of Being Raped and Killed from Bitches Get Riches
A powerful article with some shocking and not for the faint of heart examples. Taken from Bitches Get Riches: “The gender wage gap is a many-tentacled hentai monster. What is its primary driver? Is it choice of career? Education? Lack of mentors and sponsors? Familial commitments? The high cost of childcare? Lopsided domestic duties? Ingrained sexist attitudes in the culture? Unconscious bias during the hiring process? Biological differences in the brain? Research demonstrates that it’s almost certainly a gnarly combination of all of the above. But there’s another element that doesn’t get much attention, and that’s fear of rape and sexual assault.”
7 Behaviors of the Wealthy (and How I Try to Copy Them) from Passive Income MD
What are the habits, tendencies and mindsets of the wealthy (or financially independent)? Passive Income MD shared 7 takeaways from the observations he’s made that we too can look to mirror or best fit into our own lives. An easy to digest, but value laden post. What habits do you think you can a better job of? Goal setting is an area I am continually looking to improve and setting SMART goals are all facets of my life is an actionable item for me.
BUSINESS & BLOGGING BLOG POSTS
Natalie Bacon is a former attorney and financial planner that has since left the corporate working world for full-time online entrepreneurship. Natalie shares how she came to make that decision when comparing the two options of managing vs. making money. Lots of advice, personal anecdotes and insight for those who might be making this decision in their own life to consider. A very enjoyable read!
Why I Bought A Business After Retiring: The Rockstar Finance Acquisition from ESI Money on Financial Samurai
You’re retired…and you bought a business? Hmm. John from ESI Money purchased Rockstar Finance despite being “retired”. Well in his world, and many others, retired doesn’t mean quitting work and pursuing leisure for the rest of your life. Retirement means the freedom to do what you want. So in this guest post on Financial Samurai, John shares the 7 reasons as to why he bought a business (Rockstar Finance). I am far from retirement but this post provides great insight into the many benefits of starting (or purchasing) an online business. Posts like this keep me motivated and inspired.
Blogger Interview: PT Money from Rockstar Finance
The founder behind FinCon and PTMoney, Philip Taylor, is the subject of this Blogger Interview with Rockstar Finance. I was an avid listener of PT’s Mastery of Money podcast (new episodes have halted since Dec. 2017) and continue to be an avid reader of the PTMoney blog. This interview sheds light on PT’s backstory, blogging strategies, future goals, engagement tactics, content creation, monetization and a ton more. I always love getting into the mind and learning from one of the best, so kudos to PT and Rockstar for this!
LIFESTYLE, PRODUCTIVITY & WELLNESS BLOG POSTS
Your Complete Guide to Location Independence for Families from The Three Year Experiment
Ever had the dream of living anywhere you and your family wants to? Or how about long-form travel with the family? Laurie at The Three Year Experiment has you covered with this amazing post on location independence. Grab your coffee (or a drink) and dig into this great, engaging read. Laurie shares insights and the resources your family might need to consider in order to make this a reality: defining geoarbitrage, considering what it might look like, working abroad, healthcare, education for your kids and so much more.
Lessons From Investing: How I am Living a Compounding Life from Prairie FIRE Canada
One of the greatest wonders of the world (according to Einstein) is the power of compounding interest. Well how can you apply this principle to other areas of your life? Mr. Prairie FIRE Canada covers this in his manifesto dubbed “A Positive Compounding Life”. Build momentum and compounding positivity with education, culture, health, relationships, community and every facet of your life. Hats off Mr. Prairie, what a post!
4 Creative Ways I’m Living A Less Wasteful Life from The Financial Diet
So much waste everywhere I look throughout my daily life. The streets, the waterfront, the stores…even my own apartment. Tis, from Tis But A Moment, wrote this post on The Financial Diet on how she found the Zero Waste Movement and efforts she’s making in her own life to become less wasteful. I need to do better and will do better on making my own positive impact on waste reduction. One step I will be doing thanks to this post is point #2.
IQ vs EQ in Today’s Workplace from Defined Sight
What’s more beneficial in today’s working world: knowing more stuff or better understanding emotions and behaviors? Mr. Defined Sight considers this question in his IQ vs EQ post. I think obviously a healthy quota of both is essential but in reality EQ seems to outweigh. Of course you need a level of competence and knowledge on your career or industry but the people skills and relationship management seems to be bigger determinants on the corporate success ladder. At least in my workplace and industry. What do your experiences tell you? What’re your thoughts on IQ and EQ?
TRAVEL BLOG POSTS
18 Ways to Save Money on Your Road Trip This Summer from Life And My Finances
Summer is coming! And that means road trips, adventures, outdoor expeditions, travel, camping and some good ol’ R&R. Kimberley from Life And My Finances pulled together a list featuring 18 ways you can save money to make the most of your summer vacation(s). What road trips do you have lined up this summer? How are you saving or getting the most bang for your buck?
If you’ve ever had thoughts of being a digital nomad or pushing your standard vacations to a more long-term travel lifestyle, earning some money while abroad is essential. This post by Jeremy at Travel Freak showcases 47 different work abroad programs that could give you the spark to do so. The list covers a wide range of opportunities and potential programs in teaching, farming, wildlife, summer work camps and so forth. These jobs won’t be of interest or feasible for everyone but for those looking to long-term travel…this might open that door.
PERSONAL FINANCE PODCAST EPISODES
Fail Forward | Journey To Launch from Choose FI
Another gem of a podcast episode out of Choose FI! This week’s guest was Jamila from Journey To Launch, who shares her backstory, financial journey, wins and losses and decision to pursue FI. It’s a powerful episode that spans the whole financial cross-section: college, career, real estate, investing, savings rate, family, tax optimization and side hustling. One of the best episodes in recent memory!
One of the biggest benefits of being in the PF/FI/blogging communities is the ability to connect (directly or indirectly) with people from other walks of life. I love hearing the viewpoints, experiences and advice from a diverse collection of people. I’m not an Olympian, nor will I ever be, but the FIRE Drill Podcast welcomed 4x Track & Field Olympian Lauryn Williams of Worth Winning onto the podcast this week. Being an Olympic athlete isn’t what it might seem on the surface, there are man pros but also many cons. The pursuit of athletic excellence for your country creates financial stresses and shortfalls for many of those practitioners. Lauryn shares her story and how she now helps other millennials, young professionals and athletes with their own money management.
Accessing Retirement Funds Before Age 59½ from BiggerPockets Money
The man, the myth, the legend…the Mad Fientist! Brandon joins Scott and Mindy on the BiggerPockets Money to chat about topics he is a Jedi Master (it’s May 4th as I type this): tax optimization and retirement funds. While I may not be close to needing to consider pulling funds from my own retirement accounts, I find many benefits in listening to discussions like these. It teaches the mindset of always be questioning, always be optimizing, always be thinking ahead and always be making the right decisions. So much value to implant in my mind now and be as best prepared when that retirement day does come.
SIDE HUSTLE PODCAST EPISODES
How to Start a $1000/Month Freelance Writing Business in 60 Minutes a Day from Side Hustle Show
Joining Nick on The Side Hustle Show this week is James Johnson of Freelance Writers School. James is a full-time freelance writer and shares a ton of insights here for those looking to do the same. James covers a dozen different topics all rooted in giving you advice based on personal experiences navigating the freelance writing marketplace. The discussion also touches on writer’s block, productivity and tools that are relevant to bloggers. If you’re a blogger, you’ve got a portfolio of work that can help you land additional income generating writing opportunities. Something to consider!
How to Create a $1,000 a Month Side Hustle from The Mastermind Within
Back to back weeks for The Mastermind Within in the Roundup…and with good reason! This week Erik chats with Maggie from Northern Expenditure. First off, Maggie lives in beautiful Alaska so that’s +1. Second of all she and her family are on the financial independence journey and expediting that process through the side hustle of Amazon Merch. Personable, relatable and good-hearted, this was another worthy listen and it got me exploring Amazon Merch articles and ideas. Plus doodling my own shirt ideas (I won’t be sharing those). The power of diversified income streams can’t be overstated!
BUSINESS & BLOGGING PODCAST EPISODES
An Updated Pinterest Traffic Strategy for 2018 from Do You Even Blog
Pinterest, Pinterest, Pinterest…the often discussed and debated traffic goldmine of the blogging world. Hopping on Do You Even Blog to chat Pinterest and blogging in general with Pete is Chelsea from Mama Fish Saves. Pete and Chelsea get into the weeds here on what’s driving success for her blog. From group boards to more group boards and A/B testing images, the discussion opens the door on many strategies for success. One key action item for me is creating a more thorough Pinterest Tracker (check Pete’s takeaway notes for more detail). Here’s to hoping I can get some momentum on Pinterest over the rest of 2018!
LIFESTYLE, PRODUCTIVITY & WELLNESS PODCAST EPISODES
The Necessity of Community from Pour Not Poor
“Happiness only real when shared” is forever ingrained in my mind thanks to the movie Into The Wild. If you’ve seen the movie or read the book, you will know why that statement was a heartbreaking but monumental breakthrough for the central character (and real person) that the movie and book are based on. In this episode of Pour Not Poor, Joel and Matt discuss the benefits and necessity of community – both digital and more importantly IRL. As someone who has been isolated from family and friends at time, I can attest to this.
You Are a Badass at Making Money from James Altucher
Sitting in with James Altucher on his podcast is the author Jen Sincero. This was a great conversation that touched on money, will power, decision making, taking risks, believing in yourself…to name a few. Very motivating and empowering! Hearing from someone like Jen who was fed up with the status quo and broke free through her own hard work and willingness to make “being rich” a reality.
TRAVEL PODCAST EPISODES
Top 10 Cheap Travel Tips to Feed Your Wanderlust on a Budget from His and Her FI
The warmth of summer is just around the corner…after a long Ontario winter, I am ready. The His and Her FI duo published this podcast episode just as the weather finally shifted here. Good timing! Charles and Bethany get into discussions around budget travelling, the benefits of travel, travel hacking and a bunch more relevant topics for those ideating on their own summer adventures.
- Spills Spot featured my Stupid Money Mistakes I’ve Made post on his Spills Spotlight roundup. Matt has a great blog, make sure to check it out and connect with him!
- I wanted to send a big thanks to the 4 bloggers from the first 4 Momentum Series interviews. Head on over to their blogs or checkout their interview:
THAT’S A WRAP…
Another Weekly Roundup comes to a close.
So I hope all of you, my fellow Momentum Makers, have an awesome weekend!