Showcase: Financial Bloodletting: Don’t Let This Happen to You

In the Plutus Awards Showcase, the Plutus Awards team and Apex Money highlight the best financial articles, podcast episodes, and videos from around the web each Friday. To submit an items you’ve written, created, or discovered, submit a request for consideration.

Save the date!  On Thursday, October 6, Plutus Voices is returning to where it started, the Upper East Side of New York City! Plutus Voices is an opportunity for content creators — and their audiences — to get together to discuss important issues that pertain to money as well as content. It’s a wonderful opportunity to get to know other content creators and make some important connections.

More details coming soon!

Here’s what we wanted to share with you this week

Financial Bloodletting: Don’t Let This Happen to You. [Mantaro Money] — “Just as the parasite doesn’t want to kill their host, the active manager wants to keep their prey alive, whilst extracting the highest viable amount of capital… Do not allow yourself to be bled dry. Other, more humane, investment methods exist.” (Submitted by J. Money.)

Man’s Best Side Hustle? A Look at Making Money From Dogs With Rover. [Studenomics] — “A man’s best friend or a man’s best side hustle? If you love dogs and want to get more exercise in, you’re in luck because I’ve discovered a way to get paid for making new furry friends by using the dog walking app Rover. I’m going to show you how you can make money from .” (Submitted by Tarsha.)

Roth IRA For Kids: Why It Is An Excellent Strategy For Parents. [The Cents of Money] — “Guiding your kids on the path of saving for their future gives them a head start to financial independence. Creating a Roth IRA for kids provides more flexibility for your children before they reach adulthood than other options, as these funds can help pay for college, making a first home purchase, or retirement.” (Submitted by Tarsha.)

Three Years of FIRE and the Point of No Return [Physician on FIRE] – “I’ve been asked many times if I might go back to work as a physician. My early answer was “probably not” and the likelihood needle has moved closer and closer to zero ever since.” (Submitted By Jim Wang.)

It’s Time to Rethink Retirement [Darious Foroux] – “Here’s what the structure of modern life looks like for most. In the early years of a child, the focus is on learning and playing. Once the playing is done, a teen starts their educational career. Then start a career. And save up for retirement. Those are the three main stages of life as we know it: Study, work, then retire. It might look like these stages are natural to human life, but that’s a wrong assumption. These stages are, like most things in modern-life, made up. This structure was created in the 19th century, when the Prussian statesman Otto von Bismarck implemented the first national old-age social insurance plan in 1889.” (Submitted By Jim Wang.)

 

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