Weekly Roundup – Momentum’s Finest On Saturdays VOL 15 [MAY 26]
Happy Saturday Momentum Makers! And Happy Memorial Day Weekend to all of my American friends.
We’ve hit Volume 15 of Momentum’s Finest…where has the time gone?! That means I’ve probably shared 150-165 blog posts and 110-125 podcast episodes in total across these Weekly Roundups.
This week there is 12 blog posts and 8 podcast episodes to fill your weekend reading and listening needs.
MY POSTS THIS WEEK
- 21 Tips To Save Money This Summer And Still Make The Most Of It: If you’re looking to save money this summer, check out these 21 tips to help you save and still make this summer a great one. Summer doesn’t need to be a strain on our finances.
- Momentum Series Interview: Erik at The Mastermind Within – Money, Mind & Education: Erik runs a blog and podcast focused on providing you the tools to be more successful in personal finance, self-improvement and entrepreneurship. This is a great conversation about Erik’s backstory and goals for the road ahead.
JOIN THE MOMENTUM’S FINEST TRIBE
If you enjoy these Momentum’s Finest Roundups and the content I publish on Making Momentum, I’d love if you signed up to my mailing list.
You’ll get access to monthly giveaways, any of the freebies I produce (or have already produced) and just the 1 email a week on Saturday mornings with the Roundup! No spam. No BS.
PERSONAL FINANCE BLOG POSTS
Cut The Crap – There Are Not A MILLION Ways To Pay Down Debt from Apathy Ends
In this post Apathy Ends gets real and shares the stark reality about getting out of debt. There is no quick fix, no golden parachutes to bail you out. You need money and the right mindset. In particular you need to put more money towards your debt and the principal owing, again and again. As a consumer debt recoveree and student loan balance attacker, I can wholeheartedly agree. Until I put the full court press on the principal of my debt with my bonuses, income spikes, side hustle earnings…it seemed like an endless battle.
12 Disadvantages Of Being Self Employed As A Freelancer from Notorious Debt
That sweet freelancing self employed lifestyle. Coffee shops, laptops by the waterfront, matinee movies in an empty theatre…wait. It’s not all rosy and Lindsay from Notorious Debt gives us the lowdown on a dozen disadvantages of being self employed. From health insurance to taxes or the potential difficulties of buying a home, you need to understand all the details of being a full-time freelancer before diving in head first. With proper research and preparation you can set yourself up for success if that’s the lifestyle you want. But as this post from Notorious Debt outlines, you need to know exactly what you’re getting into.
30+ Money Bloggers Share Their Best Book For Beginner Investors from Stock Street
Robbie at Stock Street polled 30 different personal finance bloggers on which book they’d recommend to beginning investors. The roundup included your’s truly and my book suggestion was Millionaire Teacher by Andrew Hallam. An amazing book about building wealth and achieving it through smart investing. This post from Robbie features a wide-range of books that can deliver insight to anyone looking to build their investing knowledge.
Amdahl’s Law: Cut The Right Expenses from Countdown To Tranquility
The BusyMom at Countdown To Tranquility applies the basis of Amdahl’s Law to personal finance. What’s Amdahl’s Law? The speedup you get from making something faster depends on what part of the time that is used. In a personal finance application from the BusyMom that means, the savings you get by cutting an expense depends on how big a part that particular expenditure has in your entire expense. It’s a great read about cutting out the right expenses in your life, not just applying a blanket statement of “save more”.
Is The Joy of Financial Freedom Fleeting? from Winning Personal Finance
Hedonic Adaptation is the idea that as you become accustomed to any changes in your life, the net result diminishes and they don’t have a material effect on your long-term satisfaction. You want something badly, you attain it, that becomes natural and normal, and the excitement or happiness deters. Jason from Winning Personal Finance questions whether financial freedom and security has the same impact. Don’t jump to any conclusions, as Jason states life is good. Dive into this thoughtful read over on WPF.
The 24 Rules Of Success According To A Wall Street Legend from Mustard Seed Money
Rob from Mustard Seed Money introduces us to Richard Jenrette. If you were unfamiliar with him (like I was), he co-founded the investment bank Donaldson, Lufkin & Jenrette in 1959, before it got acquired by Credit Suisse for $11.5 billion. A successful Wall Street-er who had a great career and recently passed away in April 2018. He left a note on his desk titled “What I Learned (How to Succeed) (and Have a Long and Happy Life)”, including 24 rules on getting ahead with your finances and life. Head over to Rob’s post to checkout those 24 rules.
SIDE HUSTLE & REAL ESTATE BLOG POSTS
Get Rich With Rentals – This Guy Reached Financial Independence In Two Years from Think Save Retire
I’ll be the first to admit it. My knowledge on real estate investing is limited. The prospecting, management, upkeep, taxes, profits, etc. I’ve been lurking the BiggerPockets forum lately and searching out articles to better build up that knowledge. So it was good timing that on Think Save Retire Steve had a guest post by G. Brian Davis (co-founder of SparkRental.com) that profiled a real estate investor, Evan Roberts. It follows the story of Evan’s investment journey that started in 2016 and has scaled to financial freedom. It’s an awesome read and only motivated me to keep learning more on the topic.
April 2018 Side Hustle Report – $1,206.74 from The Financial Panther
I am a big fan of The Financial Panther’s monthly Side Hustle Reports. They provide tangible evidence of hustle and a groundwork of actionable advice for those looking to earn some extra cash. April earned The Panther over $1,200 through his side hustling efforts. From dog walking to airbnb and a handful of other gigs, you can’t help but get inspired! I used to walk dogs with Rover. It was a great way to get outside, stay active, spend some time with (mostly) awesome dogs and earn some cash. I’m planning to get back on the train now that summer is here.
LIFESTYLE, PRODUCTIVITY & WELLNESS BLOG POSTS
Do You Have A Resilience Fund? from Accidental FIRE
Having an emergency fund is one of the core principles we all hear about in personal finance. How about a resilience fund? Accidental FIRE penned this post on a resilience fund. Or a mental fund consisting of knowledge, wisdom, and strength acquired through failure, struggle, and hardship. It’s a great read about building resilience through intentional or unintentional moments of struggle and growth in your life. After reading the post you’ll identify some of those pivotal moments in your own life. Or perhaps opportunities to intentionally build that resiliency.
13 Steps to Get Started With Brain Dumping from Hustle To Startup
Chenell at Hustle To Startup delivered the goods with this post on brain dumping. A technique I used to take advantage of in my 9-5 career but need to do a better job doing for Making Momentum. What is a brain dump? The transfer of a large quantity of information from one person to another or to a storage and retrieval medium. For my application it was a Google Doc. Chenell lays out the benefits, advice and a system that can help you let your ideas just flow freely. Tons of great takeaways for me personally and I will be putting these to use!
Time Budgeting – How Much Is Your Time Worth? from The Wealth Hound
If time is money, then the decisions we make regarding how we spend our time are financial decisions. Time management and prioritization are skills I am continually looking to improve. Time is such a finite resource in our lives, we often need to make the choice of time vs. money. This will take me “X” and it’s worth “Y”, whether that be a negative or positive valuation. In this post, The Wealth Hound gets into the concept of a time budget and applying it in your own decision making process.
TRAVEL BLOG POSTS
A Weekend in Montreal from Three Year Experiment
My girlfriend and I are big fans of Montreal! In terms of food, culture and entertainment, it’s a great getaway. From Mile End to Old Montreal, it’s a beautiful city to stroll through and take in the sights, sounds, food and drinks. Laurie at Three Year Experiment recently visited the city with her family. Her post details their trip, lodging, food and sightseeing. If you’ve ever considered visiting, this post will inspire you to do so. C’est magnifique!
PERSONAL FINANCE PODCAST EPISODES
Planned Spontaneity from Choose FI
This was my favourite podcast episode of the week. And it came at a perfect time with summer just around the corner. Mrs. Adventure Rich joined the Choose FI duo to chat financial independence and their financial journey. But more specifically they discuss the role of spontaneity and adventure in her and her husband’s life. It’s a great episode and will get you inspired to pack your “go-bag” and head off on your own adventure!
How One Parent Helped Her Son Earn $700,000 in College Scholarships from Marriage, Kids And Money
That headline is not a typo. $700,000 in college scholarships! Andy invited Pam Andrews to join him on the Marriage, Kids And Money podcast to chat family, scholarships, education, community work and financial literacy for children. Pam is a Scholarship Strategist and shares some amazing insights in this episode on how we can set our own kids up for financial success.
How Losing 265 Pounds Spurred Job & Investing Success from BiggerPockets Money Show
Another headline that is not a typo. Tony lost 265 pounds and this week he joined Scott & Mindy on the BiggerPockets Money Show to discuss the financial success that followed! Quite the story of turning struggle to a life you love. From losing the weight, getting out of debt, beginning the journey of real estate investing and finding your dream job, it’s an inspiring episode.
I’m Moving Without a Job, Starting Grad School, & Just Got a Big Promotion from Millennial Money
In this episode of Millennial Money, Shannah fields questions from three different listeners looking for some support on financial situations in their lives. The discussion covers moving across country without a job lined up, moving across the country to enroll in a Masters program and getting a big promotion at work. Lots of interesting points to consider one each topic and it had me pondering my own thoughts of what I’d do if I was moving to a new city or potentially going back to school.
BUSINESS & BLOGGING PODCAST EPISODES
4 Stupid Easy SEO Basics for Bloggers from Do You Even Blog
Mike Pearson from Stupid Easy SEO sat down in the guest chair with Pete on the Do You Even Blog podcast. The topic? SEO…good guess based on the headline and Mike’s website’s name. The episode is chalked full of advice for any blogger looking to get a better grasp on the subject. As per usual, Pete also compiled a great set of takeaway notes in the blog post associated to this episode. Give the show a listen and head back to the post for even further insight from DYEB on some basic strategies beginners to SEO can implement.
LIFESTYLE, PRODUCTIVITY & WELLNESS PODCAST EPISODES
Rich Roll: On Reckoning and Reinvention from Good Life Project
Ultra-endurance athlete and the author of Finding Ultra, Rich Roll joined the Good Life Project to discuss his journey and specific moments of reinvention, reckoning and celebrating the successes. Per usual with Rich Roll (he has a great podcast of his own) it’s a thoughtful, engaging and passionate episode.
My Healthiest Travel Routine Yet from Optimal Health Daily
Another blogcast from Optimal Health Daily and this time it’s Leo Babauta of Zen Habits post from 2013 being narrated. The focus of this episode and the original blog post is about a healthy travel routine. Too often we can overindulge when on vacation and it can leave us feeling crappy during or after. Sigh, that’s me. Leo and his wife experimented with their diets on a vacation to see the results on their health. The net result was a big win health wise and Leo shares some other thoughts on the challenges.
TRAVEL PODCAST EPISODES
Long Term Travel Lifestyle from Zero To Travel
With summer almost here I like to dial up the number of travel podcasts I am listening to. It gets my travel bug going and excited for the adventures ahead. On this episode of Zero To Travel, Jackie from The Budget Minded Traveler is the guest. The episode includes discussion on long-term travel, nomading, solo travel, tips and tricks, plus a ton more. A great listen when you’re out for a hike or walk this weekend.
PERSONAL FINANCE RESOURCE STARTER KIT
Have you checked out the free Personal Finance Resource Starter Kit? Included are some of the essential tools and content to help you take control of your money and life.
- 15 Book Recommendations
- 15 Podcasts To Add To Your Playlist
- 35 Blogs That Are Must Read Writers
- 15 Pieces Of Cornerstone Personal Finance Content
- 29 Personal Finance & Money Saving Apps or Services
Click the image to head to the landing page for more details. If you subscribe to my emailing list and give consent to receive email communications from me (said in my GDPR voice), I will send the Resource Kit your way as a benefit.
THAT’S A WRAP…
Have an awesome weekend!