What's Up Wednesdays: Money Matters

Whether you’re struggling to make ends meet or you’re comfortable ensconced in the trenches of middle class suburbia, we can all relate to the matters of money. We approach this area of our lives in this week’s speedlink, starting off with a post by Emily Guy Birken. She explains how taking the minimalist approach to your life might actually cost you more money in the long run. Cutting out the clutter is a good thing. You just have to be selective about how you do it.

For most of us, our income comes primarily from our jobs. When you’re in business for yourself, as would be the case for this freelance writer, you become the master of your own fate. Kristan Hoffman offers a great analogy for this, because plugging away at your passion is like playing Roller Bowler. Push yourself too hard and you’ll come “hurtling right back.” Don’t push yourself hard enough and you won’t make it over the hump. As with so many other things in life, it’s all about balance.

Having some “extra” money kicking around certainly sounds like a good problem to have and we should all be saving for the future (and for the future of our children). If you’re tired of not making enough, Kevin Mercadante has some advice on how you can earn more from your investments. The first tip is perhaps one of the most important: find lower cost ways to invest. Having your returns gobbled up by nasty brokerage and management fees can be awfully disheartening and incredibly expensive.

Worrying about money can be awfully stressful. Even so, as Scott H. Young reminds us, stress can be useful when it comes in moderation. The challenge is figuring out exactly how much stress you should have in your life if you want to be successful. For instance, you might remember when I said a false deadline can actually help to bolster your productivity (and improve your earning potential).

We complete this week’s collection on a particularly bright note as Chris Golden has just launched his new travel blog. Following a period of “funemployment,” Mr. Golden has definitely been bitten by the travel bug and he looks forward to sharing all sorts of stories from his globetrotting adventures. First on the docket is a cruise to Hawaii aboard the Royal Caribbean Radiance of the Seas. Bon voyage!