Introducing Mind Drench: A Monthly Spotlight on Enriching Ideas from the Rare Breed Tribe
Welcome to Mind DrenchTM, our new monthly spotlight section that will feature some of the best content out there. Whether if it’s in the form of a blog post, a podcast, a documentary, a book or any format, the important thing here is that it should enrich your mind and help you on your journey to true happiness.
Mrs. Enchumbao and I have been deliberating about creating this section for over a year and finally decided to pull the trigger. We decided to move forward with it because we come across a lot of great content all the time and want to share it with you through the blog. We’ve been sharing some work from the Rare Breed Tribe through social media, but not everyone is subscribed to all the social media channels, so this will be a better platform for sharing the content with you.
I’ve always said that we’re not about reinventing the wheels, so if fulanito wrote a great article on such and such topic, and spent hours of research to produce it, why not help promote it instead of writing about the same vaina? (There, you have two Dominican words to add to your vocabulary!) Let’s drench your mind with some enriching ideas and content. Without any further ado, here are our picks of the month.
Mind Drench for August 2016
Laura, from Afford Anything, discusses what creates financial independence: “earning more” or “saving more”?
Excerpt: “Financial independence boils down to one simple focus: the gap. Grow it. Invest it. Repeat. There’s not much more to say. We can draw diagrams and build models under a hailstorm of variables, juicing ourselves with pure nerd-fun along the way. But this spreadsheet tinkering isn’t necessary.”
The MadFIentist wrote a comprehensive post about all the ways you can access the money in retirement accounts prior to standard retirement age, and determined which method is best for early retirees.
Excerpt: “People have said to me that they aren’t contributing to their 401(k)s because they plan on retiring early. That’s insane! Even if you plan to retire early, you still need money to live on in your 60s, 70s, and beyond so why not pay for those years with tax-deferred (or potentially tax-free) money?”
Looking for inspiration on your journey to a debt-free life? The Frugal Vagabond shares his fiancée’s path, along with the struggles, to becoming debt-free.
Excerpt: “Finally, when you have so much debt and stress you can barely breathe, you wake up and suddenly you’re abnormal. You’re not allowed to tell anyone about your problems or ask for help, because if you’re having trouble supporting the stereotypical American two-car-three-bedroom-house lifestyle, then there must be something terribly, terribly wrong with you.”
Poverty, Inc. is a documentary, currently available on Netflix, that touches upon the issues surrounding poverty. It emphasizes on the concept that the way we help in fighting poverty in 3rd world countries doesn’t actually help to solve the problems that they face. This documentary opens your mind to discovering new ways you can really help without affecting their home economies in a negative way.
Farnoosh interviews J.L. Collins, a financial blogger and author of The Simple Path to Wealth. In writing a series of letters to his daughter about money and investing, he created a gateway to financial independence for her. Check out this podcast where he talks about his relationship with money and investment style.
Excerpt: “One of the worst things that young people do, especially as they come out of college and they get that first job and maybe they’re making some pretty good bucks for the first time in their life and immediately, their lifestyle inflates and immediately they’re spending lots of money because they have money that they’ve never had before.”
Last month, while Mrs. Enchumbao was visiting family and friends in Belarus, The Sunday Best by Physician On Fire featured this post. It has been getting lots of page views as a result. Did you get a chance to read it yet? Thanks, PoF, for the support!
Excerpt: “Retiring can have such an unattractive connotation and that’s because people retire mostly when they’ve reached an age where they are tired and feel that they can no longer work. According to history, retirement was not a popular term because it was designed to get rid of people, not help them.”
Until next time…
This concludes our list of mind-drenching content for the month. Christopher Rice once said: “everyday is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each.” So use your time wisely and make it count!
Read an article that belongs on Mind Drench? Please email us with the link and subject line: Mind Drench Submission to email@example.com.
Happy reading, listening or viewing!