The hottest Personal Finance Substack posts right now

And their main takeaways
Category
Top Finance Topics
Technology Made Simple β€’ 119 implied HN points β€’ 26 May 23
  1. Banks are for-profit while credit unions are non-profit. Credit union customers have more ownership and transparency in decision-making.
  2. Credit unions usually offer higher interest rates on savings and have lower fees compared to banks.
  3. Credit unions tend to be more flexible in customer service and product offerings, while banks typically have more branches and services.
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Technology Made Simple β€’ 79 implied HN points β€’ 26 Nov 22
  1. Have an Emergency Fund: Save 6-12 months of expenses to prepare for unexpected layoffs without selling investments.
  2. Pay off Debt: Prioritize paying high-interest debt to prevent it from draining your finances over time.
  3. Allocate Finances Wisely: Follow the 50-30-20 rule to budget your income for expenses, investments, and savings, ensuring a balanced financial plan.
The Fat Software Engineer β€’ 41 implied HN points β€’ 19 Mar 23
  1. Amazon affiliate marketing may seem simple but is actually a tough grind to build a side income stream.
  2. Selecting the right niche for affiliate marketing is crucial - not too narrow, not too broad.
  3. Passion and interest in what you write about can lead to more success than just chasing affiliate income.
The Modern World Builder ✧Tips For Collective Lorecraft β€’ 39 implied HN points β€’ 28 May 23
  1. Investing in crypto requires a well-thought-out strategy to avoid being swayed by emotions.
  2. The pursuit of wealth can lead to a never-ending game where satisfaction is elusive.
  3. Prioritize life experiences and happiness over constantly chasing monetary success.
Technology Made Simple β€’ 39 implied HN points β€’ 04 Feb 23
  1. Tech finance is currently volatile with companies facing investigations, layoffs, policy changes, and financial struggles.
  2. Hindenburg Research published a critical report on Adani Group, accusing them of a massive fraud scheme, sparking a heated discussion.
  3. The situation highlights the importance of critical analysis, especially on social media, and serves as a reminder to stay vigilant about personal finances and job security.
Anxiety Addiction & Ascension β€’ 59 implied HN points β€’ 11 Jul 22
  1. Inflation is deliberate and will worsen, impacting people's finances through mass money printing and asset devaluation. Consider alternatives like self-managed retirement funds.
  2. Being sober can be an effective way to save money and act as an inflation hedge. Alcohol can be a costly luxury, and cutting back can lead to substantial savings.
  3. Sobriety not only helps save money but also strengthens the body, mind, and spirit, making it a valuable strategy for navigating challenging times and hardships.
Technology Made Simple β€’ 59 implied HN points β€’ 14 May 22
  1. The value of stocks dropping doesn't mean the company is losing cash; it's about stock prices. The business and cash flow are different.
  2. Economic cycles like hiring freezes are common; industries go through ups and downs.
  3. Despite tech slowdowns, opportunities exist; focus on developing skills and profile to thrive.
Technology Made Simple β€’ 39 implied HN points β€’ 05 Aug 22
  1. Celsius, a crypto giant, declared bankruptcy, leaving investor money frozen. This impacted many retail investors who may lose money.
  2. When dealing with companies, understand that their main aim is to make money. Always read the fine print and consider the tradeoffs before investing.
  3. Be cautious of celebrity endorsements in financial decisions. It's essential to analyze all messaging and make your conclusions to protect yourself from scams.
Technology Made Simple β€’ 19 implied HN points β€’ 18 Feb 23
  1. Index funds track specific stock market indexes like S&P 500, offering diversification and reducing the need for individual stock selection.
  2. Index funds have benefits like low fees, steady growth potential, and historically better returns compared to actively managed funds.
  3. Investing in index funds can reduce risk by offering broader diversification and make investing accessible to all levels of investors.
Austin's Analects β€’ 59 implied HN points β€’ 12 May 21
  1. Financial independence is about having enough income to pay for your living expenses without being employed or dependent on others. It's a goal that allows you to work on your own projects and time.
  2. To achieve financial independence, focus on building a diverse income stream, maximizing investments like a 401k and Roth IRA, starting a side business, and exploring opportunities like self-storage facilities and crypto.
  3. Learning from books, starting businesses, getting a good job, and continually seeking ways to increase income are steps on the journey to financial independence. Share your struggles and seek motivation from like-minded individuals.
Technology Made Simple β€’ 19 implied HN points β€’ 01 Jul 22
  1. Prepare for negotiations before receiving offers by researching compensation bands and matching skills to desired industries.
  2. Organize interviews with companies in similar compensation bands to potentially receive offers around the same time.
  3. Don't hesitate to ask companies to wait for your decision if you are waiting on other offers to compare.
Austin's Analects β€’ 19 implied HN points β€’ 22 Apr 22
  1. Open a savings account and build an emergency fund, you never know when you'll need it
  2. Sometimes you need to do things you don't want to do in order to achieve your goals
  3. Working for somebody can teach you valuable lessons and give you practical experience
Austin's Analects β€’ 19 implied HN points β€’ 11 Aug 21
  1. The FIRE movement focuses on saving aggressively to achieve financial independence and retire early by living off investments.
  2. Popular FIRE community advice includes maxing out a 401(k) despite the access limitations before age 59 1/2.
  3. Strategies like the Roth Conversion Ladder and Rule 72(t) offer ways to access 401(k) funds early without penalties.
Austin's Analects β€’ 19 implied HN points β€’ 28 Jul 21
  1. Austin discusses retiring early using funds in your 401k before 59 1/2 through a Roth Conversion Ladder
  2. Exploring different offerings in the strategy consulting space, with a focus on business model transformation
  3. Austin shares insights about the vibrant food scene, live music culture, and dog-friendly environment in Austin, Texas