Fawcett’s Favorites 11-28-22

Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did.

This week’s favorites include habits that decrease the clutter in your life, debunking the abundance mindset, what to eat for a long and awesome life, investing to never lose money, and how to teach teens about investing.

Happy reading!

I have been working on decluttering my home and my life this year by removing the things that are taking up space around me that don’t contribute to my overall happiness. During this process I have discovered some habits that increase clutter and others that decrease clutter. Maximum Gratitude, Minimal Stuff put together a list of Simple Clutter-Free Habits to Do in Just a Minute. Try out a few and see if clutter begins disappearing from your life. 

I have heard a lot of talk about the abundance mindset and seen it damage some households. Likewise the scarcity mindset can do damage as well. In retirement, as well as in life, neither mindset is good. The mindset to seek is “enough.” Fi Physician shares this concept with the article The Opposite of Scarcity is Enough. The final chapter in my book on Eliminating Debt also covers the concept of learning to find enough. Have you struggled with finding enough? 

Lots of controversy surrounds the topic of food. Are there really any foods that hurt us? Are there foods that help us? It turns out, there is definitely science behind the answers to those questions. My wife and I started making changes to our eating habits when we learned about the science of eating. Barking Up the Wrong Tree shares that science with us in This is How to Have a Long and Awesome Life. How do your eating habits contribute to your longevity? 

Getting a low return is far better than getting a negative return on your investments. Wealthy Doc spells out for us the concepts used to Never Lose Money. Do you take measures to avoid losing money? Or do you invest to hit home runs?

We taught our kids about money, how it works and how to make it grow and work for them. Both our boys are now spending their money wisely and have investments that are producing monthly cash flow. I also tried to teach kids from other families and found it to be a losing battle. If what you teach them is not reinforced at home, the lessons fall on deaf ears.  Physician on FIRE published the article, How to Teach Teens About Investing, from Jack Rosenthal who authored the book, Teen Investing: The Ultimate Guide to Teenage Investing. What are you doing to raise money savvy kids?

I hope you enjoy these articles as much as I did. I look forward to updating you again next week with a few more articles I find especially interesting. If you read an especially good article, send me the link so I can share it with others.

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