Two years ago I decided to get serious about my physical health and so I took up running. My wife was already a fitness junkie and avid runner. It was time for me to get moving. I downloaded one of those ‘Couch to 5K’ running apps for my phone and started running three days a week. Since then I’ve entered a couple of 10K races, and this year I decided to step it up and enter my first half-marathon race.
I’ve trained for the past 16-weeks, logging nearly 570 kilometres along the way. I know all the hard work has already paid off with improved fitness and health. I’ve also finally ‘caught-up’ with my wife so we’ll get to run the same distance for the first time at a race. Our goal is to finish the race in 1:50:00 so we’ll be pushing each other to get our personal best times.
We’ll find out this Sunday at the Calgary Marathon where we’ll be competing in the Centaur Subaru 21.1KM at 7:00 a.m. Wish us luck!
You know I’m taking this new hobby seriously because I’ve started a new blog – Echo Runner – to share everything about my running addiction and, like with this blog, to hold myself accountable to achieve my running and fitness goals. I even managed to sneak in a money-related post on how much running costs (because of course I did!).
I’d love it if you’d follow along, whether you’re into running and fitness or just want to check out another side of your favourite personal finance blogger. I’m also on Twitter @EchoRunnerBlog.
This Week’s Recap:
On Monday I shared my financial freedom update and was pleased to see that I’m still on target for freedom 45.
On Wednesday Marie listed five ways to prepare your executor before you die.
And on Friday I shared how I manage to find the time to work 9-5 and run a successful side business.
Over on Rewards Cards Canada I explained why you don’t want to leave home without first getting travel medical coverage.
Karen Wallace at Morningstar explains exactly how a 25-year-old with no savings and making $40,000 per year can end up with $80,000 by age 35. It can be done, folks.
I also liked how Des Odjick broke this down at Half Banked. She smartly says you can’t just save your way to retirement. You need to invest your way to retirement.
Investing trump savings thanks to the power of compound interest. Million Dollar Journey explains how compounding returns make you rich. I noticed this in my own portfolio as market returns beat my savings contributions for the first time.
Real estate investing is a subject we don’t often tackle on this blog, mainly for lack of first-hand experience. Here’s how blogger Paula Pant has built an eight-home rental property empire.
How are millennials countering a precarious job market and the dreaded office cubicle? The latest trend has them buying franchise businesses.
Larry Swedroe applies these poker playing lessons to investing:
“When it comes to investing, there are no clear crystal balls. Just as in poker, the best we can do is put the odds in our favor and invest (bet) accordingly.”
Here are some intelligent examples on when to look at the big picture and let retirement planning take a backseat to more urgent financial issues.
The whole concept of a financial market exists on the basis that taking risk can result in financial gain. Here’s PWL Capital’s Ben Felix on how much risk you should take with your investments:
Michael Batnick shares some great examples as to why you should never begin with the end in mind when it comes to investing:
“When we buy a stock, a few biases instantly kick in. We value it more than we did before we owned it (endowment affect), we look for reasons to support our purchase (confirmation bias) and perhaps most pernicious, we anchor to the purchase price.”
Here’s CFP Jason Heath on what today’s savers can learn from today’s seniors about retirement planning.
Jonathan Chevreau just turned 65 and shares how he plans to make the transition into retirement.
Michael James says you could be making a fundamental mistake with your asset allocation by not thinking of your RRSP as partially belonging to the government.
Ben Carlson from A Wealth of Common Sense answers a popular reader question: Do long-term investors need bonds?
No one can explain how cryptocurrencies work, but that aura of mystery seems to attract new money and investors. Robert Shiller explains why none of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Rob Carrick says we need to stop blaming the mortgage stress test for killing the housing market.
The ‘holy grail of shipwrecks’ has finally been discovered: a Spanish ship that sank with $17B in gold.
Finally, grab a coffee and dive into this collection of terrific investing pieces by Jason Zweig.
Have a great weekend, everyone!