Best of the week – November 16, 2013

Here are some articles that caught my eye this week…

A Powerful New Perspective on the Power of Compound Interest

I have seen a lot of illustrations that point out how important it is to start early when saving. This one provides another “wow” that really illustrates how critical those early years are. If you are young or you know someone who is, reading this article and putting into practice what it says could make you hundreds of thousands of dollars.

How a $2 debt almost turned into $90,000

One more reason why I just don’t think it’s worthwhile to play the credit games just to save a few bucks.

Get ready to pay less for gasoline, more for heating, DOE says

The energy companies giveth and the energy companies taketh away.  Sounds like good news for the fuel pump in the coming months, but maybe not so good for heating costs in the winter months depending on how you heat your home.

Why Your Used Car is Greener (and Smarter) Than a New Hybrid

I’m all for saving on gas and I think there is a lot of merit to the concept of the hybrid. That said trying to argue that buying a new hybrid is really a money saver because of what you save on gas just doesn’t work when you do the math. This article points out even more reasons that buying a new hybrid really isn’t likely to save you anything.

How Many Million Dollars Do You Need To Feel Wealthy?

I’ve seen many studies that have shown that our view of wealth is largely dependent on what we have. Our tendency is to always see wealthy as a little bit more than we have. RetireBy40 makes a great point. The problem is lifestyle creep. The real root issue is contentment. Without contentment we will never succeed because there is always someone who has a little nicer TV, a little nicer car, a little nicer house, a little better job. You name it.

9 Things to Consider if Life Insurance is Needed in Retirement

In an ideal world you wouldn’t need life insurance in your retirement years. If you have saved well over the years then hopefully you will have built up a nice nest egg that is sufficient to cover your needs making life insurance unnecessary. But we don’t live in a perfect world. Here are some considerations if you are retirement age but still have a need for life insurance.

Please note: I reserve the right to delete comments that are offensive or off-topic.