Over the last two years, I have written almost 100 posts! In fact, this is Post #99. Over this time, I have accumulated several post ideas – most of which came to life and can be found here. Others have found a home on my running list of ideas but have never become their own post. They feel more like tips, resources, and ideas than full posts, so I’ve decided to do a Let Luc Finance Grab Bag post to highlight these various ideas.

 

  • If you’re looking for a resource on student loans, I recommend Heather Jarvis, a student loan expert.
  • If you want to know when you’ll become a millionaire, try this calculator. (Tip: While this may be fun to think about, it’s more important to think about your goals, living within your means, how much you can save, what you can control, etc.)
  • Should you be worried about the high valuations of the current stock market? Probably not, especially if you’re young and have allocated the appropriate amount to stocks for your age and circumstances to begin with. Keep saving. And if stocks take a big dip, that’s a good opportunity to buy more while they’re cheap. Think of it as shopping the holiday sale. You can read more here from Mr. Money Mustache.
  • Looking for some advice on engagement rings? Here’s some information on how much you should spend (though really, it’s up to the couple and what you value, feel comfortable spending, and can afford), plus tips for spending less and ideas for how to use those savings instead.
  • Carl Richards provides some helpful guidance on life insurance here. (Make sure you even need life insurance in the first place though. You usually do if people depend on your income or your skills, including working parents and stay-at-home parents, or if you don’t want to leave your loved ones with any of your debt.)
  • Read this great financial advice from Jonathan Clements: “You should fret less about getting any particular decision precisely right, and instead worry about whether you’re tackling the right range of issues.” This is a short post, which I feel is worth reading – and hopefully takes some stress out of managing your personal finances.
  • Food is likely one of your bigger expenses, whether eating out or buying groceries. Inspired by Elon Musk, this writer tried to spend $2/day on food for a month and recorded her experience. Sometimes mindlessly spending on certain items becomes a habit, and we forget that we can change it.
  • If you need some inspiration for getting out of debt, try reading this story. (Spoiler alert: They paid off $52k of debt in seven months. And if that seems unrealistic, multiple Let Luc Finance readers have also made significantly strides in paying down debt. A reader recently paid off $15k of debt in about six months, and this reader paid off her $17k in student loans in a year.)
  • If you’re just starting your family, check out Mom and Dad Money for helpful financial advice specific to that stage of life.
  • Here’s a strong call to go live your life titled What The F*ck Are We Doing? It might be the reminder you need right now.
  • BUT, don’t forget to enjoy the life you have right now. From this article: “You fantasise about every life but your own. Wanting to make big changes to your life is a worthwhile goal. But it can have the effect of making you even less happy with your day-to-day reality. Very few of us can just flick a switch and retire early, or go travelling, or create a lucrative business empire…This week, I tried something a little different. I called it my ‘reverse bucket list’. I didn’t make a list of all the high-falutin’ goals I wanted to achieve or things I wanted to do. Instead I listed loads of cool, interesting and impressive things I’ve already done.”
  • Many people have an opportunity to select and/or change their employee benefits in the fall. Make sure you take the opportunity to review the various options available to you, their associated costs, and what you actually need. If you have questions, ask someone (a coworker, perhaps, or even a friend – or me – who can look things over with a fresh set of eyes). You can read some guidance on these decisions here.
  • This week, I’ll give Jerry Seinfeld the final word with his advice on how to be successful (and I think this applies to anything you’re working on): “…get a big wall calendar that has a whole year on one page and hang it on a prominent wall. The next step [is] to get a big red magic marker. [Seinfeld] said for each day that I do my task of writing [or whatever it is in your case – spending less, exercising more, meditating, whatever], I get to put a big red X over that day. After a few days you’ll have a chain. Just keep at it and the chain will grow longer every day. You’ll like seeing that chain, especially when you get a few weeks under your belt. Your only job is to not break the chain.” Consistent habits and big results start with small daily tasks, repeated over and over again. Whether you use a big wall calendar or an app on your phone, pay attention to doing the daily tasks more than wishfully dreaming about what could be.

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