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Every Monday, J. Money of Rockstar Finance rounds up some of his favorite personal finance articles from the blogs for us. If you've been looking for great personal finance blogs to follow or are interested in non-mainstream money articles, look no further. Rockstar Finance is the online museum of the best personal finance articles on the web, so they know what's good!
1. The Anatomy of a $60 T-Shirt Purchase by The Luxe Strategist
“If I told you that buying a T-shirt was a 12-step process, you’d probably think I was a maniac. What is there to think about?… But in general, I don’t think we consider our purchases nearly enough. If everybody did, then would decluttering be having a moment right now?”
2. How to Build A Bank Account Firewall by Wallet Hacks
“A firewall bank account is an account that sits between your primary bank account and any potentially insecure accounts.”
3. The Personal Finance Triple Constraint by Military Dollar
“There’s a saying that you can get things “Fast, cheap, or good. Pick two.”… There’s a similar Personal Finance Triple Constraint. You can have high levels of ease, financial independence (reaching it very fast), or wealth. You (probably) can’t have all three.”
4. A Look at The Coffeehouse Portfolio by Wall Street Physician
“One lazy portfolio is the “Coffeehouse Portfolio,” popularized by financial advisor Bill Schultheis in the best-selling book The Coffeehouse Investor. Let’s take a look at the Coffeehouse Portfolio and see if it makes sense for you.”
5. What's Your Lifetime Wealth Ratio? by Retire by 40
“The formula is very simple. Lifetime Wealth Ratio = Net worth / Total Income Earned… The higher the ratio, the better you have been at saving, investing, and building wealth.”