For this week’s Financial Friday Round-Up — our weekly column compiling the best things to read, watch, or listen to regarding finance on the web — we feature an article on the difference between being rich and being wealthy, a piece on the importance of accountability, an exploration of renting vs. buying a home, and more.
Do You Know the Difference Between Being Rich and Being Wealthy?
In this review for the Wall Street Journal, writer Jason Zweig praises “The Psychology of Money,” a new book by Morgan Housel that speaks wisely on the role of money in our lives. Here, Zweig lays out the central premise of the book and explores the difference between being rich (having a high income) and being wealthy (the freedom to choose not to spend money).
This is Why Accountability is the Missing Piece to Unlocking Success
Even those that write down their goals every day sometimes find themselves falling short. This personal piece from Worth argues that those who achieve all their goals are often the ones who hold themselves accountable by making things they can track, hold themselves to and measure. This piece teaches you how this can be achieved.
Why ‘Rent vs. Buy’ is the Wrong Question
When it comes to deciding whether to own a home or to rent one, people tend to claim that owning is always better. As with most absolutes, this is not entirely true — read here to learn about the circumstances in which renting may actually be the better option for you and your family or when buying is the way to go.
A Wild Market Means More Home Appraisals are Coming in Low. Here’s What to do if a Bad Appraisal Threatens Your Deal
Home appraisals have been coming in lower than usual lately, reports this piece by Money, largely due to the coronavirus preventing appraisers from safely entering the homes they inspect. This forces them to do drive-by or even virtual appraisals, which can spell trouble for any deal. Read here for some strategies on how to work it out if your appraisal comes in too low.
Check out our other Financial Friday Round-Up posts for more great reads!
Financial Friday Round-Up: August 3 – August 7, 2020
Financial Friday Round-Up: July 20 – July 24, 2020
Financial Friday Round-Up: July 13 – July 17, 2020
