Weekly Roundup – Momentums Finest On Saturdays VOL 35 [Oct 13]

Happy Saturday Momentum Makers!

Hope you had a great weekend and all is well this weekend. Canadian Thanksgiving was a hit on Sunday/Monday and Fall weather officially arrived in Toronto last night.

Did the little “dip” in the market shake you or are you holding strong with your investment strategy? I hope the ladder. These little drops help test how strong your risk tolerance really is for when the real tough winds blow in.

Anyways let’s get into this…Volume 35 of Momentums Finest includes 13 blog posts (including mine) and 6 podcast episodes.

MY POSTS THIS WEEK

• Five Great Articles On Money And Life From The Last Month: This is a special feature along Rockstar Finance to highlight five great articles on money and life from the last month from content creators in the personal finance blogging community.

• Momentum Series Interview – The Rich Miser – Living It Up For Less: This Momentum Series interview is with Lily and Miguel from the personal finance blog The Rich Miser. We discuss their financial journey, living it up for less, accessing luxury at a discount, blogging and more.

• 10+ Things To Do In Toronto This Winter Under $100: Toronto is a city packed with culture, sports, food, art, outdoor experiences and so much more. During the Holidays that is as evident as ever and best of all, you don’t have to break the bank. Whether you’re a local or visiting, there are plenty of things to do in Toronto this winter under $100.

OCTOBER GIVEAWAY – $25 UDEMY COURSE

Want to receive all Making Momentum’s content to help take control of your money and life? Plus you’ll be eligible for our Monthly Giveaways to Momentum’s Finest subscribers.

This month we’re prizing away a $25 Udemy Gift for one lucky winner to select a course(s) of their choice from the Udemy catalog of 55,000+ online courses.

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PERSONAL FINANCE BLOG POSTS

Tax Loss Harvesting with Vanguard: A Step by Step Guide from Physician on FIRE

Are you considering tax loss harvesting in your taxable accounts due to the recent market dip? The Physician on FIRE has you covered with this extensive rundown on the process to do so. Plus he covers the potential concerns, how to avoid a wash sale and all the necessary details to ensure you understand the proper steps and benefits. Super helpful for any Americans using Vanguard.

Why Is Bashing Advisors So Popular with FIRE Bloggers? from Money With A Purpose

If you’re part of the personal finance and FIRE blogging community, you’d know financial advisors in general get some tough commentary. Casting a shadow of darkness over ALL advisors is unjust and not fair or doing any good. Fred from Money With A Purpose penned this great article that I recommend you read to get a deeper understanding from an advisor’s perspective.

7 Secrets To Becoming A Millionaire – At Any Age from Barbara Friedberg Personal Finance

Who wants to be a millionaire? Well, hopefully everyone can achieve that ahead of retirement. Barbara Friedberg shares 7 secrets to helping you best make that goal a reality in this post. These steps include automation, diversification and many more of the fundamental mindsets and strategies to take control of your investment journey and personal finances.

Emotions Have No Place In Your Investment Strategy from Accidental FIRE

This is another timely article as the markets dip this week. The mainstream media and money shows on TV chatter in hysteria. While the blogging community reminds readers to remain calm and stick to their plan. As Accidental FIRE explains, emotions have no place in your investment strategy.

If I Win £1m Tomorrow…I Would from Ms. ZiYou

ONE MILLION POUNDS! What would you do if you won a large sum of money? I used to daydream about this with a friend of mine in our early teens. Funny how different my perspective is now. No more Aston Martin sports cars, multiple houses or lavish bar tabs on a beach. That’s the old, young me. The present me falls more in line with what you’re seeing in this post from Ms. ZiYou. She runs through her thought process and allocations of a £1m windfall, including some extensive donations and volunteering. How would you spend it?

The Ultimate Guide To Public Service Loan Forgiveness from The College Investor

Have you heard the term PSL or public service loan forgiveness thrown around in regards to student loans? This guide from The College Investor delivers all the details you need to know. From who’s eligible, how it works, the 120 payment system, tax implications and everything else, Robert uncovers it all.

BUSINESS & BLOGGING BLOG POSTS

Band Of Bloggers: JD Roth from Method To Your Money

One of the OG’s and first ballot Hall of Famers from the personal finance blogging community is JD Roth from Get Rich Slowly. Amazing content, passionate, helpful, great storyteller, etc. Matt from Method To Your Money had the pleasure of welcoming JD Roth to his Band of Bloggers interview series. Learn more about JD in these dozen plus questions about his journey, finances, blogging and more.

How to Start a Business from Wallet Hacks

If you’re like me, at some point you’ve probably asked yourself…how do you actually start a business? Like a legal one that differentiates your personal liability and finances to those of your business. Jim from Wallet Hacks outlines exactly that in this short but actionable post.

LIFESTYLE, WELLNESS & PRODUCTIVITY BLOG POSTS

When It’s Time To Move On From Your Job from Xennial Blogger

Sometimes the best and only decision is to step away when self care is deteriorating as a result of your job (or other element of your life). The Xennial Blogger made that choice recently after negative mental health factors were becoming increasingly apparent due to her work. It’s a great, honest read with some key takeaways.

Grit: Number One Key To Success from Trim Your Money Fat

Merriam-Webster defines grit as firmness of mind and spirit; unyielding courage in the face of hardship or danger. Sounds like a great characteristic to have, right? However, too often in the face adversity the immediate feeling is to stop, turn back or get deterred. Jane from Trim Your Money Fat discusses the elements of grit, how to build it, the benefits and some books to support you on that journey.

PERSONAL FINANCE PODCAST EPISODES

Kicking the 9-5 To The Curb from Stacking Benjamins

Lee Huffman of Bald Thoughts and We Travel There joins Joe for this episode of Stacking Benjamins. I’m a fan of Lee’s blog and new podcast as he shares some amazing tips and tricks on travel hacking, credit card rewards and vacationing more for less. In this episode Lee shares his transition to full-time self employment and delivers the goods on the thought process on why he did it, how to do it and other strategies to live the life you want.  

Taking Command of Your Finances by Understanding (& Controlling) Money from BiggerPockets Money Show

This time we’ve got Joe Saul-Sehy from Stacking Benjamins (see above) playing the role of guest on the BiggerPockets Money Show with Scott and Mindy. Joe drops by to share his financial journey, living the debt lifestyle, making a change and riding that wave to his current success and situation. It’s a fun showing include some great tips and strategies to manage money, thoughts on FIRE and more.

The Big Tradeoff from Canadian Couch Potato Podcast

Woo! The Canadian Couch Potato Podcast is back after a summer hiatus. This episode focuses on the tradeoff of risk and reward between stocks and bonds. Larry Bates, author and former investment banker, joined Dan for the interview portion to discuss all things long-term investing – fees, asset allocation, etc.

Managing the Scarcity Mindset from FIRE Drill Podcast

One half of the FIRE Drill duo, Gwen, had the chance to sit down with JD Roth of Get Rich Slowly (interviewed in the blogging section above too). The topic of discussion focused on scarcity as well FIRE and managing your spending. JD didn’t come from a well-off family and that influenced his initial money mindset as he shares here. The two also get into real estate investing and home renovations based on recent experiences.

How to Invest with Clear Thinking from The Tim Ferriss Show

Oaktree Capital Management is an investment firm with over $120 billion in assets. That’s a lot of cash.Their co-chairman/founder Howard Marks sat down with Tim Ferriss to have a long-form discussion on investing. A great quote on Tim’s show notes: Warren Buffett has written of Howard Marks: “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.”

The Low-Hanging Fruits of FI from FIRE Below Zero

Want to improve your financial position? There are some specific budget categories that we all spend on: housing, transportation, food, services and utilities. The FIRE Below Zero duo of Cody and TJ share their thoughts and strategies on the low-hanging fruits of financial independence across these categories and more. Lots of actionable advice packed up in this episode!

Well Volume 35 of Momentums Finest comes to a close.

I also wrote a guest post over on The Rich Miser for a little festive fun! Check it out The Hidden Life Lessons Halloween Can Teach Us.

Hopefully you enjoy the rest of the weekend!