Hump Day – October 4, 2017

What is hump day? It’s Wednesday. The hump to your work week. 2 days down and 2 days to go. On hump days I will be sharing articles, videos, or other form of entertainment. It will include links to other posts I have liked throughout the week. Some are parenting articles, others are personal finance ones, and occasionally there will be a random funny article. Enjoy!

On this day

Back in 2004 SpaceShipOne wins the Ansari X Prize for private spaceflight. This was an air launched rocket-powered aircraft. While it could go sub-orbital, it would not be powerful enough to get to the International Space Station. 

Still this was a pretty cool milestone and has lead the way to other great private ventures such as Space X, Virgin Galactic, and Blue Origin to name a few of the companies shooting for the stars.

As a space aficionado (or at least a space geek) I find all of this very exciting. So thank you SpaceShipOne!

hump day

Hump day articles

Lots of great stuff going on this week. I did my first podcast yesterday on Freedom Formula for Physicians, and while it is not out yet it was a pretty cool experience.

Ok, now for the articles…

First off there were lots of good information out there about living a good life. Retire by 40 started with discussing how you don’t have to be the best to win big in life. While this goes against conventional wisdom, there is some beauty to it. Killing yourself to get to the top 1% may not actually improve your life much. Shoot for the top 10% instead.

In a different vein, Mr. 1500 discusses why he does not fret about debt. A nifty title in deed and while I do not concur with his entire philosophy, I see the truth of the math. I often debate what to do with my low interest debt. Currently I am paying it off at higher than the minimum monthly payments, but not aggressively to be debt free. The math works, but emotionally I would rather be debt free. Freedom for debt allows for risk and that risk may lead to failure.

Sam at Financial Freedom believes there are only a few scenarios where repeated failure is an option. Basically don’t have kids, spend other people’s money, or come from wealth. Larry David, co-creator of Seinfeld, also agrees. In a recent interview he recommended for comedians to try to make it big before getting married, because once you are married your risk tolerance diminishes quickly.

If you have taken risks and made it big, then you may be thinking about selling your business. Financially alert recommends thinking about these three things before selling a business…well I can’t tell you what they are so you are going to have to go to the site and read it.

Finally on Becoming Minimalist, Allison Niebes-Davis gives us some advice on how to make the good moments last longer. Some easy steps and important for all of us to remain mindful.

Conclusion

There you have it. Another great round up.

Enjoy the cooler days. We spent last weekend camping among some majestic redwoods and while it was our first and last camping expedition of the year, it has invigorated us for next year. Camping with a 3 year old will be easier than a two year old…right?

 

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Also published on Medium.

DadsDollarsDebts

I am a Dad and Doctor trying to find financial freedom by owning my dollars and debts. Helping dads with their finances so they can focus on the family.

4 thoughts on “Hump Day – October 4, 2017

  • October 6, 2017 at 8:10 am
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    Thanks for the mention. You put me in great company. 🙂

    I completely understand your feelings on debt. I think a lot of people feel the same. They’d rather not have a liability looming over their head. I personally don’t mind it if it pencils out in my favor (i.e. good debt), but perhaps I’ll unload most of it in my later years.

    Reply
    • October 6, 2017 at 8:36 pm
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      Yeah it’s a tough call. I know that the math works but there is still that irking feeling I get with debt. I imagine like some things, once you experience it that’s when you know. So for being debt free I imagine it can be a liberating feeling.

      Reply
  • October 4, 2017 at 4:38 pm
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    Thanks for the articles. Mr. G and I are still catching up from our vacation so this helps.

    Can’t wait to hear the podcast. Congrats! Be sure to tweet it out (more than once) when it airs so we can download it.

    Reply
    • October 4, 2017 at 8:27 pm
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      Thanks for checking out today’s round up. Will let you know when the podcast comes out!

      Reply

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