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.
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Most of us want financial freedom but are not sure where and how to start. We searched high and low for these articles to kick start your success to financial freedom.
Here’s what we wanted to share with you this week.
How Much Money Should I Save Every Month? [Go From Broke] — “Most of us know we should be saving more money, but for a lot of us, that’s easier said than done. Whether you’re looking to buy a house, save for retirement, or just have some extra cash on hand in case of an emergency, you need to be proactive about your savings.” (Submitted by Tarsha.)
Selling and Surviving. [Best Interest] — “If you’re young enough to invest your money and pull a Rip Van Winkle, go ahead into 100% stocks. Some people are fine with a multi-decade hibernation of avoiding their account statements. But most people don’t live in that world.” (Submitted by J. Money.)
When Are Roth Accounts Better then Tax Deferred? [Can I Retire Yet?] — “In reality, there is no one size fits all advice that works for everyone. So, it is worthwhile to explore circumstances when Roth options are superior to tax-deferred retirement accounts to round out previous articles on this blog that emphasize the value of tax-deferral.” (Submitted by Harlan.)
The Buyerarchy of Needs [BravelyGo] – “Much like values based spending, the buyerarchy of needs asks that you get in touch with your personal needs, desires, and lifestyle choices. It asks: do you really need a new top, or can you ask to borrow one from your sister? Borrowing saves you money, time, and is better for the planet- let’s do that! Initially created with clothing shopping in mind, the buyerarchy of needs can be slightly adjusted and applied to any area of spending.” (Submitted by Jim Wang.)
Wealth Is a Strong Predictor of Whether an Individual Pursues a Creative Profession [Smithsonian Magazine] – “Those from households with an annual income of $1 million are 10 times more likely to become artists than those from families with a $100,000 income” This probably comes as no shock to anyone reading it! (Submitted by Jim Wang.)