#5. Paul Graham wrote that “economically, you can think of a startup as a way to compress your whole working life into a few years”. That sounds great when we’re thinking about prosperity and a potential big payout from a successful exit. But what happens when it works the other way around. What happens when people set themselves up for a major negative payout by neglecting financial responsibilities for long periods of time. Well, this week we found out on GetRichSlowly in The Spectacle of Financial Difficulty. Be warned. It ain’t pretty.
#4. If you’re ready to get yourself out of debt and get more financially healthy, then I’d like to introduce you to Adam Baker, aka Man vs. Debt. When it comes to building a financially healthier you, Adam’s a powerhouse. I had the pleasure of meeting him several months ago at a meetup of personal finance bloggers in San Francisco. This week Adam released a new and improved version of his 6-week program to take back control of your finances. He’ll be holding a Q&A session about his program this coming Wednesday evening at 9PM. So if you’re thinking about getting back some control over your finances, definitely check it out.
#2. Right now a lot of people prefer renting over owning a home because homes in many areas are still losing value while the housing market continues to bottom out. But in the next several years it’ll probably find it’s footing again. And at that point people will start to think again about purchasing homes more than renting. If you’re starting to think about buying a home, read what DigeratiLife has to say this week in How to Avoid Becoming House Rich and Cash Poor.
#1. Child care can be more expensive than paying for college. But many of those costs can be recouped through tax deductions. Take a few minutes to find out about The Child Care Tax Break Many Parents Overlook over at DailyFinance.