Sunday is for Sharing is a weekly roundup of my favorite articles, videos, and podcasts I read, viewed, and listened to over the past week.
This week features an interview with financial planner Michael Kitces on the safe withdrawal rate, a discussion with one famous chef on why he avoids lifestyle inflation, and much more. Enjoy!
My Favorite Video
Dan’s backyard is quite impressive.
My Favorite Articles
Don’t live for the Moment. Live for the Legacy.
via Brianna Wiest
“Freedom is not the ability to act on any given impulse, it is the ability to choose what you want to act on, and why. It is not the absence of commitments, values, or discipline, it is the ability to choose them at will.”
Mario Batali Decided Not to Get on the Rich Person Treadmill
via Wealthsimple Money Diaries
“If you don’t owe anybody money, you don’t have to take any shit from anybody, ever.”
You Can’t Do It All at Once, and That’s OK
via Bianca Bass
“Life rewards the doers, that much is true. But life also rewards those who prioritize what’s actually worth doing.”
I Have Only One Rule About Money
via Jon Westenberg
“If you’re rich or you’re poor, you can’t let money be the central concern and driving force of your life. You have to look at money as being a tool. Nothing more — nothing less.”
7 Lessons from 7 Business Books That Made Me More Money
via Cole Schafer
“Earning more makes no difference if you aren’t saving. A rich wealthy doctor making $1 million a year, but spending $1 million a year is not rich and wealthy.”
My Favorite Podcast
Michael Kitces – The 4% Rule and Financial Planning for Early Retirement
An interview with retirement researcher and financial planner Michael Kitces on the safe withdrawal rate, the origin of the 4% rule, and how early retirees have unique problems and advantages financially. This podcast is seriously one hour of gold.
That’s all for this week, thanks for reading 🙂
-Zach
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Zach is the author behind Four Pillar Freedom, a blog that teaches you how to build wealth and gain freedom in life.
He quit his day job as a data scientist in 2019 because he was able to earn enough income from profitable websites to replace his salary. He now teaches people how to start and grow their own profitable websites from scratch in the Income Community.
Zach's favorite free financial tool he's been using since 2015 to manage his net worth is Personal Capital. Each month he uses their free Investment Checkup tool and Retirement Planner to track his investments and ensure that he's on the fast track to financial freedom.
His favorite investment platform is M1 Finance, a site that allows him to build a custom portfolio of stocks for free, has no trading or maintenance fees, and even allows him to set up automated target-allocated investments.
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The best thing from this sharing for me is: “If you’re rich or you’re poor, you can’t let money be the central concern and driving force of your life. You have to look at money as being a tool. Nothing more — nothing less.” — such attitude changes everything!
Thanks for this! 🙂
That’s one of my favorite quotes as well, it encapsulates the idea that money is just a tool to use to reach the end goal of happiness. Money by itself cannot possibly provide happiness. Thanks for commenting 🙂