It amuses me that the quietest weeks on the surface of Get Rich Slowly are the most tumultuous underneath. The blog entries this week have been mild, but there’s been a lot going on behind the scenes. Of course, the weeks where there are lots of big posts and raging discussions are generally the ones during which I spend my time loafing around reading comic books.
You folks have been busy, too, filling my inbox with all sorts of interesting articles. Here are a few:
This morning, Mike Young shared the story of his ongoing battle with lifestyle inflation. This prompted Jamie to send me a New York Times piece about “bling training”, the pressure baseball players experience to upgrade their lifestyle. Former major-league outfielder Doug Glanville writes:
And so, all of a sudden, whatever you have is not enough. In fact, what you thought you wanted is not enough. It was fine in Single-A ball, but it’s not going to pass the test in Triple-A. It is an internal battle to keep up with the Joneses, and it can play out in any area of your life if you are not careful.
This is a great article, and a perfect complement to this morning’s story.
Next up, Tim sent me the story of pharmacist from Brewton, Alabama who has launched his own homegrown economic stimulus package with $2 bills. From the article: “Danny Cottrell gave each of his full-time employees $700 and part-timers $300. He asked them to donate 15 percent to charity and spend the rest locally, particularly downtown, where store owners say that business has been lean.” This is a nice story — and the last line is hilarious.
Last week at The Wall Street Journal, James B. Stewart asked, “Have we hit bottom?” Obviously, the answer was “no”. Stewart argues that it’s impossible to know exactly when the stock market will reach bottom, and it’s dangerous to try to guess. He says that “the risks of being underexposed to stocks now strikes me as especially acute.” He thinks it’s a good idea to get in the market, risking some short-term declines for long-term profits.
Finally, I recently contributed a guest post over at Soul Shelter about finding financial balance. This is another meditation on themes we’ve been discussing here at GRS, about exploring the relationship between money and meaning.
This article is about Spare Change