Women’s Personal Finance Wednesdays – Week 44
1. In Praise of the Day Job Savvy History
Just reading the title of this post, I knew that I was going to like it. Too often in the financial independence space, we seem to glorify side hustles and the escape from the 9-5. Of course, not everyone has a great day job, but some of us do, and there are a lot of positives that come with traditional employment.
While I don’t consider myself an artist the way she does, I love the flexibility and stability that comes from having a day job. It may not seem true on its face, but there is a lot of opportunity in having the knowledge that you are getting a regular paycheck. That stability allows you to take bigger risks with your side passions without needing to worry about the next dollar.
As someone who is quite risk adverse, I adore knowing exactly the amount and timing for my next paycheck. Even if I were to consider entrepreneurship in a real way, I would be much more likely to go the super safe route of having a very large financial cushion before going that route. A stable day job gives that cushion well sooner than savings can get you there. Clearly, I have many other reasons to love my job, but that biweekly paycheck is definitely one of them.
2. What if we run out of time? The Frugal Humanist
I love reading reflections from those who have already taken the leap to early retirement because they can give us a very different perspective on things. Really, the biggest thing I hear again and again is that early retirement and financial independence isn’t about the money as much as it is about the time.
That financial security gives us the ability to seize opportunities when it comes to time with the people we love. This post in particular is a great reminder that it’s time more rather than money that is truly our most precious resource. Once its gone, that’s all there is. Something we could all do to pay more attention to.
3. Is Everyone Richer Than Me? The Financial Graduate
Looks can be so deceiving. A new car, a bit new home, a fancy vacation. That family can be maxed out on credit cards or spending just a fraction of their wealth. A home can be purchased from an inheritance, hard work, or maxing out every line of credit available, or some variation in between.
One of my favorite quotes in regards to social media in particular (and our views of others in general) is to not compare someone else’s highlight reel to your everyday life. Appearances don’t tell us everything, and comparing ourselves to what we see on the outside doesn’t do us any good. Gratitude and perspective can do a lot, as can the realization that not everyone starts from the same place. It’s a complicated thing, but Jessica does a great job dissecting those feelings and how best to combat them.