Showcase: Dirty Secrets of Personal Finance

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.

Hey Plutus, Family! We are so excited to start 2023 with you all. We have so much in store for you this year. Stay tune, more information to come!

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

Dirty Secrets of Personal Finance. [Emancipare] – “Dividends! Real Estate! Crypto! Gold! Long/Short Options! I-Bonds! Ladders! Alternatives! Credit Card Points & Miles! Day Trading! Market Timing! Guess what – there’s no magic, only illusion. Nobody beats “the market” over time. Nobody.” (Submitted by Tarsha.)

A New Free Tool to Manage Your Asset Allocation. [The Retirement Manifesto] — “The free Net Worth template I created years ago has been downloaded by thousands of readers, but I just made a major improvement.  Now, when you open that spreadsheet, you’ll see a new tab titled “Asset Allocation” that is linked to all of the figures in the net worth spreadsheet.” (Submitted by J. Money.)

Price Changes Over Time, Some Things Have Become Ridiculously Cheap. [Accidental fire] — “Where prices are going to go in the near term is anyone’s guess, but over the longer term I think it’s safe to say that in general electronics and established technology items will continue to decrease. Anomalies such as chip shortages can temporarily disrupt that of course as we saw recently.” (Submitted by Tarsha.)

Is now a great time to retire? [1500 Days to Freedom] — “I think most (me included, hence this post) spend waaaaay too much time thinking about our numbers. What if we thought about life instead? This is what really matters. Be flexible and it will be alright. (Submitted by J.D Roth.)

Don’t Turn Your Hobby into a Side Hustle [Bloomberg / Washington Post] – “During a holiday dinner party, the host suggested we each share a significant moment from the year. As one woman shared how her pottery class had allowed her to explore her creative side, another cheekily said, “Oh, you could totally open up an Etsy shop and sell your work.” Before she even finished the sentence, I exclaimed, “No! Don’t monetize your hobby!” (Submitted by Jim Wang.)


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