Investing, Saving, Top Three

Thursday’s Top Three (TTT #004)

As part of this series, I’ll be sharing the Top Three articles I’ve read over the prior week with you all every Thursday.

The articles that will be featured can either be fresh or selected from other blogs’ archives. The only rule to be included in the collection is that it’s an article that I’ve read in that particular week.

Here are this week’s TTT:

J.D. Roth from Get Rich Slowly encouraging us to start where we are
Important perspective on not regretting what you haven’t done but instead starting where you are and making the most of the future. I find it helpful to hear someone who has had success reflect on their journey and to be reminded that success does not tent to happen overnight. I also like the idea of doing more of what works and less of what doesn’t.

BankerOnFire’s reminder that tomorrow is too late
Coupled with the first article, if this doesn’t encourage you to get started with getting control of your finances and investing, I don’t know what will. This article shows a very clear comparison of different people’s investment journeys and their results. Spoiler alert: The sooner you start, the better! By a mile! I always find these examples both scary and motivating at the same time. If you haven’t started yet, don’t delay it further. Just start!

Kevin from Financial Panther’s advice to focus on saving rate, not rate of return
I think it’s good to be reminded that, until you reach a certain portfolio volume, the main driver of building wealth is adding fresh capital consistently, not portfolio appreciation. If you happen to get lucky with outsized gains on a crypto or single stock investment, that’s great. But if those gains happen on a small investment, it doesn’t really matter in the grand scheme of things. As Kevin says: “200% of Nothing Is Still Nothing”. Wise words indeed. So get that savings rate up and grow your nest egg!

Do YOU want to be featured? Have you written an article that I absolutely must read?
Let me know about it, and I’ll consider including it in the next TTT.

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