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.
Participate in the latest Plutus Foundation Impact Series! Thanks to everyone who participated in last month’s Impact Series! This month’s topic is Life Insurance. What communities are underinsured and why? Is life insurance for everyone? How much do you need? We want to hear your take in a new article, podcast episode, or video this month, and we’d love to share it as well. Here’s how to be part of this month’s Life Insurance movement.
Here’s what we wanted to share with you this week
What is Risk Tolerance. [MitlinFinancial] — “Risk tolerance is a topic spoken about often in the media and financial ecosystem. When you hear this discussed it usually gives you the impression that determining your risk tolerance is something easy to do. In reality, determining one’s risk tolerance is more of an art than a science.” (Submitted by Tarsha.)
Should I Keep Working in Order to GiveWell?. [Abandoned Cubicle] — “What if you are within a few years or less of hitting an elusive early retirement goal, only to stumble upon a question like this: If you could save hundreds or even thousands of lives, would you keep working?” (Submitted by J. Money.)
How My Coworker and I Advocated for 20% Raises (Sample Letter Included). [Goodbye Whine to 5] — “This story is important to me because it shows that advocating for better pay in your workplace can be successful, especially when there is a collective effort.” (Submitted by Tarsha.)
Pros and cons of being wealthy [Monetavor] – “You want to be rich. Perhaps very wealthy indeed. Who wouldn’t? Debating the pros and cons of being wealthy seems as one-sided as a boxing match between Warren Buffett and Muhammad Ali. However, I’ve given this some thought – inspired by a strange and unfounded fear I’d be the £195 million winner in the EuroMillions – and there are quite a few bad points.” Some good points in this about the downsides of fantastic wealth. (Submitted By Jim Wang.)
I don’t want to work anymore, so I quit. [Financial Mechanic] – “Have you ever been working, and suddenly wished you could quit? The idea dawns on you as simple. All you would have to do is shut your computer. Say, “I quit.” Stand up. Walk out of the office. I felt like that. So, the next day, I nearly surprised myself just as much as my boss when I handed in my notice.” Financial independence gives you options! (Submitted Jim Wang.)