Here are some of the best personal finance and fintech posts from October 2019.
Contents
Banking & Budgeting & Bitcoin
Will Bitcoin Ever Be Regulated? – Albaron Ventures
The growth of bitcoin as well as other cryptocurrencies (including Facebook’s Libra) will continue to grow and as a result want to be regulated. This article explores just how difficult this challenge may end up being.
Credit & Debt
Debt In The United States: Just How Bad Is It Right Now? – Invested Wallet
U.S. Government public debt now stands at just over $23 Trillion. U.S. consumer debt now stands at $13.5 Trillion. Student loan debt now stands at $1.4 Trillion. These statistics are disheartening and need to be addressed. Visit the Concord Coalition to learn more about U.S. government debt and what to do about it. Visit Dave Ramsey to learn more about consumer debt and what to do about it. Visit Money Under 30 to learn more about student debt and what to do about it.
Investing
Why I Own 100% US Stocks – A Purple Life
There is something to be said for low cost, simplicity, and diversification and with the S&P 500 you get all three packed into one all while owning a piece of the 500 largest companies in the United States. Bonds have their place for short-term needs (best example is if you are planning to purchase a home in the next few years) but over time can lose value due to inflation and rising interest rates.
Personal Finance
The Financial Literacy Crisis – Millennial Money
Personal finance impacts nearly every aspect of our lives. Yet, very little focus is placed on financial literacy in schools. We now have increased personal debt levels, poor investment choices, low savings rates, insufficient insurance coverage, and poor estate planning. Therefore, it has never been more important to have financial literacy taught in every school.
12 Charts You Ought to See Before the next Recession – The Irrelevant Investor
It never pays to worry about the next recession!
Letter to My Younger Self – The Players Tribune
This series of letters written by professional athletes written as letters to their younger selves are quite amazing and inspirational for athletes and non-athletes alike. I plan to keep this bookmarked for my children!
Other Great October Articles
The World Has Gone Mad and the System is Broken – Ray Dalio
Ray Dalio has been posting some thought-provoking articles (including “Paradigm Shifts” back in July) on where he sees the macroeconomy shifting. This article goes into more specifics and is well worth the read!
How To Reach The End of the Internet – The Minimalists
An excellent quick read that will likely have you wondering if it really makes any sense at all to be on places like Instagram.
To see previous months' top picks click here.