Fawcett’s Favorites 5-23-22

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 eleven tips for getting through the stock market downturn, eight things to negotiate besides salary, living on a cruise ship is cheaper than paying a mortgage, nine lessons most people learn too late in life, and why winners keep winning.

Happy reading!

Whenever the stock market heads downward, people panic. They say: “Is now a good time to invest in the stock market?” “Should I be putting money into my 401(k) or investing elsewhere?” “Is this a good time to buy bonds?” When we panic we start seeking advice from others about what we should do, or what they are doing. The market goes up and down all the time, so it is best to just ignore it. The Prudent Plastic Surgeon helps us with 11 Tips for Doctors to Get Through this (or any) Stock Market Downturn. The world never comes to an end when the market dips, so stop worrying. 

Everything in your employment contract is negotiable, even when your employer tell you it’s not. I devoted one entire chapter to negotiating your contract in The Doctors Guide to Starting Your Practice/Career Right. Kevin MD shares with us Eight Things to Negotiate Besides Salary written by family medicine resident Altelisha Taylor. Although most physician look at salary first, salary is one of the least important parts of your employment contract

I love cruises and have been on many of differing lengths. I have even pondered the possibility of living on a cruise ship. Insider shares the story of a couple who actually did, they Sold Their Home and Lived on a Cruise Ship. They found that living on a cruise ship was cheaper and a whole lot more fun than their old lifestyle. Would you be brave enough to give it a try?

Wouldn’t it be great if we could learn all the important lessons in life when we are teenagers? Then we could live a great life without regrets. Some lessons are better learned from others than by trial and error. CNBC Make It shares with us A Father’s Letter to his Kid: The Nine Money and Life Lessons Most People Learn Too Late in Life. Learn these lessons now, you aren’t getting any younger.

The rich get richer and the poor get poorer. Ever wonder why that happens? Because the rich keep doing the things it takes to get rich and the poor keep doing the things it takes to be poor. But what are those things. Of Dollars and Data shares Why Winners Keep Winning. Seems there are things other than our actions at play, sometimes we can take advantage of them. 

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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