Welcome to the Round-up!
Below are the posts we read, found interesting and loved this week for a variety of reasons. We think you’ll like them too.
How to avoid choosing the wrong retirement ‘paradise’
“See your new life through a realistic lens.”
Finding the life you imagined after retirement requires an honest look, getting past the fairy tale part, Whitney suggests.
“We get images of where we’ll move and it’s an emotional picture but often it isn’t one of what it will be like in normal life,” he says.”
Read the full article by Debbie Reslock on Market Watch
10 Things I Learned from Flipping Real Estate (and Why I’ll Never Do It Again)
“Work with someone who knows what they’re doing.”
“The idea of finding some cute, foreclosed home to flip with your spouse sounds like a fun. But the reality is that it’s more of a recipe for financial disaster than anything. If you want to give yourself a good chance at success (and making a profit!), you’ll need to find someone who knows what they’re doing in the area. Then, work with them.”
Read the full post by Rob Bereger here at Dough Roller
20 Rules of Personal Finance
“Choose your friends and neighborhood wisely. Robert Cialdini has written extensively on the concept of social proof and how we mirror the actions of others to gain acceptance. Trying to keep up with spendthrift friends or neighbors is a never-ending game with no true winners.”
Read the full post by Ben Carlson at A Wealth of Common Sense.
Have a look at our post on Achieving Financial Freedom.
Is Early Retirement Great? For Some, It’s Hard Work to Have Fun
“Early retirees are an anomaly, said Sara E. Rix, a former senior strategic adviser for AARP who is now a consultant to nonprofits. “The trend is in the other direction,” she added.
According to the Bureau of Labor Statistics, the work force participation rate for people in the 65-to-69 age range increased to 32.1 percent in 2015, from 18.4 percent in 1985.”
Read the full article by Joanne Kaufman at The New York Times
Check out our post! Do You Have What it Takes to Be a Late-career Entrepreneur?