5FF

5 For Friday (5FF): The Best FIRE Links of the Week (12/15/17)

The 5 Best FIRE Links

This Month On The Homestead: Trail Building 101 And A Second Birthday Party

The Frugalwoods are back with another post describing their amazing homesteading lifestyle! Since living on a large plot of land in a somewhat isolated location is one of my goals, I find these types of posts especially motivating. Here, the Frugalwoods showed their characteristic thriftiness and self-reliance by building their own trail. Check this out and see how they did it!

Should Schools Keep Pushing Kids Towards College?

M$M debates whether or not college is all it’s cracked up to be. Like most complex issues, there are long lists of pros and cons. I can argue strongly that if you’re already a gifted programmer, college will have little value-add on your career trajectory. Generally, though, I think college provides a good risk-adjusted return if you don’t major in Underwater Basket Weaving or Art History (super interesting, but supply greatly outstrips demand for this degree). Where are you in this ongoing debate?

I Suck At Most Things

Jason (Mr. Free at 33) is back once again. I can’t help it, I love his content. Instead of putting out the 501st spin on the same repetitive topic (very easy to do in personal finance), he goes out of his way to cover interesting and deep topics.

Here, he talks about all the things in life that he sucks at. This isn’t easy to do for the ego, but it’s essential. Don’t waste your time on skills that you have no discernible talent for and instead put your energy into skills that provide you an outsized return. For him, this includes writing and investing in dividend stocks. That’s two things. He’s excellent at these two things and he’s living it up in Thailand. It doesn’t take much, y’all.

Should You Take Social Security At Age 62 Or 70?

This is a question I’ve also pondered. I was going to do a deep-dive on this topic for my own edification, but Fritz at Retirement Manifesto saved me the time. Check this post out to sort out which option makes sense for you. In typical Fritz fashion, the post is highly detailed and well-researched!

Egotrage: Taking a Step Back Socially to Advance Two Steps Financially

Mr. Groovy coined an excellent term with “egotrage”. Essentially, he describes how we set ourselves financially by refusing to do things that are below our “dignity”. Conversely, if you embrace the suck and assault through the objective, putting your ego in check can reap massive rewards.

You are not innately special, I hate to break it to you. You are…but really you’re not. However, you can do special things with your life if you accept this and work diligently at being useful and providing value for yourself and others.

 

 

That’s All, Folks!

That’s all I’ve got for you this week. Go forth and conquer the weekend as a slightly wiser version of yourself!

Which post(s) resonated with you most this week? Is there a post that you loved that you think I should check out? Let me know!

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4 thoughts on “5 For Friday (5FF): The Best FIRE Links of the Week (12/15/17)

  1. Great list! I think school is only worth it if you study engineering. I studied economics, and it was such a waste of time. 95% of the theoretical knowledge that we learned does not apply to real world finance, and the 5% that was useful I could’ve learned just from reading books myself. Not worth the tuition I paid.

    1. Thanks, Troy! I agree, STEM degrees tend to be the most useful degrees. For example, I learned how to value companies in business school but then realized when I did investment banking that the Street does it far differently. Aside from coding or STEM, (if you differentiate them) I’m guessing most degrees on average are not worth their tuition. Thanks for commenting, Troy!

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