Weekly Roundup – Momentum’s Finest On Saturdays VOL 21 [July 7]
Happy Saturday Momentum Makers!
Hopefully everyone had a great Canada Day and 4th of July with their family and friends! Summer is flying by and we’ve already hit Volume 21 of the Momentum’s Finest Weekly Roundup.
This week features 16 blog posts (including mine) and 9 podcast episodes.
MY POSTS THIS WEEK
- Personal Finance Monthly Status Check – 13 Things I Do At Month’s End: Take control of your money by making finances a priority. This personal finance monthly status check list includes 13 things I do every month with money.
- 30 Small Wins Challenge Update – Passes, Fails & Stories After 12 Weeks: After 12 weeks we’re checking on the passes, fails and stories in this 30 small wins challenge update. Want to make some momentum with your money and life?
- Momentum Series Interview: The Retirement Spot – Finances, Family & Retirement: This Momemtum Series Interview is with Mark from The Retirement Spot. A retired Accountant with over $4M net worth here to share his financial journey.
GUEST POSTS & FEATURES
- He Walks To Work Every Day For 4 Years And I’m Curious: Mike from MikedUp Blog was curious about my walk to work after reading my Walking To Work For 4 Years Straight post. So he drafted some fun and engaging questions and we discussed the route, reasons and other details around the walk to work I’ve now made close to 1,000 times.
- Independence Day (1996 Film): Financial and Life Lessons: Michael Dinich pulled together a post featuring financial and life lessons from the enjoyable Will Smith blockbuster, Independence Day. Included in the post is a quick section I provided on punching debt in the face (like Will Smith did to the alien in the movie).
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PERSONAL FINANCE BLOG POSTS
Inspiring Money Stories: You Can Start Late and Still Retire Early from Women Who Money
This was a great interview on Women Who Money featuring Mrs. Groovy, one half of the awesome blogging duo at Freedom Is Groovy. The groovy duo started their path to financial freedom later in life but were still able to retire early. The Q&A with Mrs. Groovy shines light on her financial journey, money mindset and provides a ton of actionable advice and lessons we can get inspired by.
5 Ways Waking Up Earlier Helps You Save (And Make) More Money from Personal Finance For Beginners
As a fellow early riser, it was fun to see Aaron from Personal Finance For Beginners publish his thoughts on the benefits of waking up early. His post connects many of the same highlights benefits I noted in my Waking Up At 5AM post but deep dives into the other financial, productivity and general wellness boosts he’s looking to achieve. Waking up early definitely isn’t for everyone but if it fits your lifestyle, it can open numerous opportunities to make momentum.
Reduce the Budget Busters from Montana Money Adventures
The big 3 expenses, housing, transportation and food, are the focus of this guest post by Gary of DebtFreeClimb on Jillian’s site Montana Money Adventures. Taking control of your finances generally starts with mastering these 3 elements of your budget. The insight and advice shared by Gary here will most certainly set you on the path of better managing those expenses. I’m continually trying to master the 3rd element of the big 3: food.
Is Your Job Total B.S.? from Accidental FIRE
No! Wait… is it?! Am I actually adding value to the world? This article from Accidental FIRE considers points raised by David Graeber’s book and article on Bloomberg. Personally, I can understand the sentiment that Graeber is raising, more so to the bureaucracy and layers of admin in some sectors, but it takes many different straws to stir this thing called life. Ideally your career provides the dual benefit of driving value and enjoyment for you while also creating value for the world as a whole.
The Correct Order for Investing Your Money from Mr. Money Wizard
This post from Mr. Money Wizard hit my inbox through the Rockstar Daily Digest Newsletter and it’s packed full of advice that I wish was more of a constant through the school system, families or broader media to set people up for financial success. Young adults, or anyone, looking to take control of their money and start their investing journey can often be overwhelmed with the options and uncertainty. This post lays out a framework to base decisions around in a logical sequence.
The Trials And Tribulations Of Managing Money As A Single Parent from Mad Money Monster
Lisa from Mad Money Monster crafted this post around her experiences as a single parent. She touches on managing money as a single parent, where any extra money went, the financial wins and missteps and what she’d do over if she could. Not everyone’s financial road runs the same path and there is no two roads the same. It’s a really insightful read.
Practical Investing Advice: The Pareto Principle from The Physician Philosopher
The Physician Philosopher is honing in on the 20% side of the Pareto Principle that matters in finance. For those not sure what the Principle is…the idea is that 20% of the work will get you 80% of the results. Even cooler, he’s writing a book based on the Pareto Principle in relation to investing. The goal we should all strive for is finding the 20% of investing that will produce 80% of your overall results. This post gives some great advice on how we can all start doing that.
10 Habits The Wealthy Use That Will Put You 90% Ahead Of Everyone Else from Rockstar Finance
This post from Chris at The Accent was re-published on Rockstar Finance to help spread the word about 10 habits the wealthy use and you can too. What factors set the wealthy apart in terms of financial success in comparison to most people? Run through the list and see what habits you might already hold or what might be feasible to adapt in your life.
SIDE HUSTLE BLOG POSTS
Katie at Chain of Wealth shares a case study that highlights the passive income she was able to generate through the ‘laundry method’ of monetizing the things you’re already doing in your life. This strategy helped Katie earned $497 in two weeks, pay off debt, have peace of mind all by monetizing things through activities she already does or has via Uber, Airbnb and dog walking.
LIFESTYLE, PRODUCTIVITY & WELLNESS BLOG POSTS
I can’t even begin to imagine how I’d feel if a hurricane uprooted my entire life and the living conditions, health and financial situation of everyone around me. In this post from Annie at Wisebread, the impact of Hurricane Maria on Puerto Rico becomes very apparent. Losing regular income, reduced transportation, no power or water…what lessons could be learned from experiencing this? Check out the post from Annie.
Road Trip To Yellowstone And The Canadian Rockies from Smile & Conquer
As someone who has visited and loved the Rockies (multiple times) and Yellowstone, I had to share this recent road trip post from Smile & Conquer. Jaw dropping beauty from the nature around you, wildlife, fresh air…these are magical places. If you’ve never been to the Canadian Rockies or Yellowstone, I can’t recommend visiting enough. This road trip review from Sarah will help you see why!
PERSONAL FINANCE PODCAST EPISODES
Managing Freelance and Variable Income with Jessica Moorhouse from FIRE Drill Podcast
Another podcast collaboration between two of my favourite podcasts as Jessica Moorhouse from the Mo’ Money Podcast hops into the guest seat on the FIRE Drill Podcast. Jessica is a freelancer earning a living off her own entrepreneurial endeavors (for a number of years). She shares insights on managing variable income and the financial systems behind being a freelancer. Plus reinvesting in yourself (or business) and a ton more.
Flashback Episodes from The Stacking Benjamins Show
This week in the basement The Stacking Benjamins Show were bringing back some of their classic episodes from the podcast archives. I loved the 3 selections they made to re-introduce to the airwaves:
- Taking The Entrepreneurship Plunge Without Drowning with Steve Cho (SB RWD 80)
- Successfully Start Your Rental Real Estate Empire with Brandon Turner (SB RWD 79)
- Rocking Your Debt Cleanse with Nick Clements, Mandi Woofruff and Tiffany the Budgetnista (SB RWD 78)
Help Your Family With Their Money Questions (Without Freaking them Out) from Marriage, Kids And Money
Andy from the Marriage, Kids And Money podcast fields a call from a listener to set the stage for this great discussion around helping your family members (or other friends and colleagues) with money problems. The outcome? Developing 3 ways to help you do just that. Listen to the podcast and check the show notes to find out how Andy dealt with the listener question.
7 Costly Things You’re Doing Way Too Much from The Financial Diet (YouTube)
The team at The Financial Diet run a great YouTube channel dedicated to personal finance, managing your money and making the most of your life. I encourage you to check out their library of videos! This week they released a video on the 7 costling things you’re doing way too much. These are everyday habits that might sneak up on you to compound into a major time and money suck.
SIDE HUSTLE PODCAST EPISODES
Types Of Side Hustles from Laptop Empires
Bobby from Millennial Money Man and his business partner Mike Yonda (the other half of there highly regarded and successful Facebook Side Hustle course) have officially launched their latest project – Laptop Empires. Based on this episode (and the other launch episodes before), this is definitely going to be a must-listen show for me moving forward. In this episode focused on side hustles, they chat about different options available, playing the long game vs. short gains, scaling your hustles and just about everything in between regarding making money on the side.
LIFESTYLE, PRODUCTIVITY & WELLNESS PODCAST EPISODES
Lessons from Richard Branson, Tony Robbins, Ray Dalio, and Other Icons from The Tim Ferriss Show
This compilation style of podcast episode from Tim Ferriss generally produces some of my favourite Ferriss content. Quick-hitting takeaways with world renowned business people, entrepreneurs, content creators and so on. This episode features Ray Dalio (author of one of my favourite books I’ve read this year Principles), Richard Branson and other thought leaders. Head out for a walk this weekend and just listen in to these great conversations!
TRAVEL PODCAST EPISODES
How to Get Even MORE from Your Travel Rewards Credit Card from BiggerPockets Money Show
As a fan of travel rewards and credit card churning, when I saw this episode pop up in the BiggerPockets Money Show I was eagerly hitting the play. The travel hacking connoisseur Lee from Bald Thoughts joined Mindy and Scott to give his expert tips of earning more rewards. So much value here and tons of tips to make the most of your points if you’re looking to stretch those rewards as best possible. As a Canadian it isn’t all tactically applicable but the mindset and strategies are.
BOOK I’M READING RIGHT NOW (OR ABOUT TO OPEN)
Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou
This just arrived yesterday so I’m excited to crack this open down by the lake this afternoon. I’ve heard nothing but amazing things about Bad Blood and the reviews on Amazon ring true to that.
So what’s it about? A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley.
THAT’S A WRAP…
Another volume of the Momentum’s Finest Weekly Roundup comes to a close.
Have a great weekend with your family and friends!