Ahhh, Friday. Is there anything more glorious than knowing the weekend is about to begin and you can unshackle yourself from the 9 to 5 doldrums and have some fun?
Whatever you have planned for this weekend I hope you have a smashing time!
As a new feature at Wealthy Turtle, I’ve decided to make Fridays a little more fun and relaxing by sharing some of the cool stuff I find during the week.
I figure I’ll share my Top 3 reads of the week (usually related to money but once in awhile I’ll toss in something just for fun) and a video or something else that caught my eye. Every week will be different so don’t forget to check back each week, and make sure you follow me on Twitter.
This Week’s Top 3 Reads
How Depression Threatens Financial Well-Being – I’ve had the pleasure of meeting Luke Landes a couple times and his Consumerism Commentary blog is one of my favorites. In this article he discusses various ways depression can have a negative impact on your finances.
The one that really caught my eye was how depression affects spending. He mentions that some people who are depressed use shopping to give themselves a short-term high feeling to temporarily mask their emotional pain.
Back in 2000-2001 I was stuck in a horrible job that I hated. Everyone there was overworked, overwhelmed, and miserable. Everything we did was criticized and no matter how hard I worked it was never enough. Although I was always swamped with work, I often took a short 30 minute ride at lunch-time just to “escape” the misery.
There were plenty of stores and restaurants nearby and I’d often find myself walking around Best Buy or Target and inevitably spending money on things I didn’t really need. I bought a lot of movies and books just because it made me feel good for a little while and I figured small purchases like that couldn’t hurt.
But before long I realized I was spending way more money than I should on things that didn’t give me any long-term pleasure. Fortunately, I was able to identify WHY I was buying all that stuff and that helped me be more judicious in my spending. Instead of going to the store to walk around I began going to a local park to “escape” and recharge.
Even better, I got the hell out of that job and never looked back!
Len Penzo’s Annual Cost Survey of 10 Popular Brown Bag Sandwiches – Lots of people expound the virtues of brown bagging, but it takes someone special to go the extra mile and actually bring some hard data to the table.
I did something similar awhile back when I compared prices at a number of retailers to prove that Costco almost always has the cheapest price around when adjusted for unit size.
In this article Len compares the cost of popular lunch sandwiches including Peanut Butter & Jelly, Ham & Cheese, Egg Salad, and Bacon, Lettuce, & Tomato. He tracks the cost per serving as well as the percentage change from the previous year. Plus, he has been doing this since 2009 so you can see the year-to-year trend for each lunch…what happened to BLT’s in 2011??
How to Become an Expert On Anything – Despite her lack of traditional qualifications and professional training, Stefanie O’Connell has established herself as an authority in the personal finance blogosphere. I’m a regular reader and I’m amazed at how far she has come so fast.
In this article, Stefanie describes the qualities that have led to her success. Notably, she doesn’t mention anything about faking it until you make it. I think that’s important to mention because so many people try to fake their way to the top only to sadly realize they can’t pull the wool over their readers eyes for long.
Instead, the qualities Stefanie describes are about transforming yourself into an expert by continuously learning and putting your own creative spin on topics that have covered a thousand times already. If you can embrace those qualities you’ll do far better than some know-it-all who always thinks he has all the answers.
Finally, news of Robin Williams’ death was certainly sad. But let’s take the opportunity to celebrate his career and enjoy one of his funniest stand up routines. Enjoy!