Financial minimalism (part 2/2)
The 5 most helpful things I've learned about investing.
We are trying something new here at Your House Machine — a series on financial minimalism. Finances are a big part of a life’s system, and I for one don’t feel like things are running smoothly in life if I don’t have a handle on my finances.
Part 1 of the series covered the foundation: spending and budgeting, emotions around money, insurance, and estate planning. Now let’s learn about how a minimalist approaches investing, a topic that used to intimidate me but which now gives me peace (if you can believe it!).
Why I’m a Fan of Investing
Of all the topics I could cover (paying off debt, giving to charity, buying a home, etc), why did I choose investing? Because in some ways it’s the most magical.
Someone once said that compound interest is the eighth wonder of the world (this is most often attributed to Albert Einstein but I’m unable to verify). Compound interest is basically when your interest earns interest, and it’s pretty remarkable stuff, regardless o…