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Smart Thinking On Investing – February 24

Smart Thinking On Investing – February 24

The Thrifty Issue heads up this week’s Smart Thinking by suggesting original ways to live for free. Tonya Stumphauzer, author of the Budget and the Beach blog, reveals how we can stay motivated even if we’ve passed early retirement age. And Scott Alan Turner helps us reach the million dollar goal we all have in his self-named blog.


Life and a Budget’s Latoya Scott shares her smart ways to spend any tax refund you may receive. And Economics Professor Emily Oster answers the big “buy or rent” question for Quartz…


Free Yourself from Consumerism Society


  • When trying to budget and save money; take a look at what you can source and get for free instead
  • From finding and growing your own free fruit and vegetables in your garden/local area
  • To hunting down clothes/book/and goods swaps, signing up to be a mystery shopper, entering competitions and giveaways, and renting out spare rooms or garages for innovative ways to be self-sustainable

Do you have any advice for self-sustainable living? Share your comments in the section below

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Stay on Track for Retirement


  • Okay, so you may not be part of the elite FIRE crew (“Financially Independent, Retiring Early”) but that doesn’t mean you should give in and lose sight of your end goal
  • Take heart that you’re still young and healthy, and even if you’re not yet financially independent that you’re on the right track (if you have an appropriate emergency fund in place at least)
  • And even though you haven’t quite reached it, there is still time to work on your frugal muscles and achieve your financial ambitions

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Reach the Million Dollar Mark


  • 10 million homes over the U.S. have already reached the million dollar net-worth goal; an achievement you too can reach; firstly, by living sensibly
  • Secondly and thirdly, by optimizing your career moves and pay potential, as well as investing in index funds
  • Finally, consider paying a tax expert to help you manage the many areas you need to pay out on and save around 10-20% of your final tax bill per year

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“Spend” Your Tax Refund Wisely


  • Use it to clear debt; an unexpected windfall is a great asset to use to help you pay any high-interest debt off
  • Line your emergency fund; either contribute to it or use your refund to get kick-started with one—your safety cushion is an important part of your potential financial independance
  • Apps are helping millions of people invest and save; by overcoming the lack of willpower we find stopping us from achieving our financial goals

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To Buy or to Rent


  • This is an age old question, and is often dictated by the housing market as it goes up and down
  • Sometimes though, not actually being able to rent the right property will decide for you
  • In all other cases; consider the calculation difference between what you’ll spend in rent against how much it will be to buy, as well as your projected time horizon for owning the property

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Do you want to start investing on your own, but don’t know how?

Check this out!


Anything you would like to discuss about Smart Thinking On Investing? Do you have any articles you would like me to cover? Feel free to add it below. Let’s start a discussion in the comments section!

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DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article. Andrew Stotz doesn’t necessarily endorse any stocks or shares mentioned in the articles or the author of such articles linked to and summarized in Smart Thinking On Investing and cannot guarantee the accuracy of its information.

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