You’ll find this week’s top reads helpful in many areas of your financial life. In the personal finance section, Nick Magguilli keeps retirement planning simple by focusing on asset allocation and savings rate, Ben Carlson tells us what to do when we find ourselves wishing for higher investment returns, and Michael F. Kay digs deep into our money mindset to help us figure out the ways in which we can change our approach to financial decisions for a positive outcome in the future.

In the personal interest section, Fast Company asks the founders of Eventbrite and Workday for the dos and don’ts of raising capital for entrepreneurs, and former editorial director of Twitter, Karen Wickre shares three introvert-friendly exercises to foster your networking abilities.

For more articles like this, check out Raghav’s two previous Top Reads posts here and here.

Personal Finance

The Easiest Retirement Choice

Planning for retirement can be a daunting task, with variables such as longevity, spending, future inflation, and more. However, Nick Maggiulli says that retirement really comes down to just three things:

  1. How much you save before retirement
  2. Asset allocation
  3. How much you spend in retirement

By keeping the above in mind and making a few assumptions about the things we can control, Maggiulli says retirement planning is simply a combination of your savings rate and asset allocation. He runs through a comprehensive simulation to demonstrate how this can work. Read the full article here.

The Market Won’t Provide High Returns Just Because You Need Them

Sometimes we hope for higher investment returns because we’ve experienced a shortfall in trying to reach our financial goals. But as Peter Bernstein said:

“The market’s not a very accommodating machine; it won’t provide high returns just because you need them.”

If you do find yourself wishing for higher investment returns to meet your savings goals, Ben Carlson says you have three options:

  1. Adjust your expectations, and therefore, your lifestyle or goals
  2. Increase your savings rate
  3. Take more risk

Carlson outlines a recent decision from the state of California to increase their risk by adding $20 billion to their private equity investments. In this article, he walks us through the potential outcomes of taking on more risk with graphs and illustrations.

9 Steps to Rethink the Way You Make Financial Decisions

From the time we are little, everyone develops a money mindset, or a certain attitude when it comes to the topic of money and making financial decisions. This mindset is carried with us into adulthood, and it impacts how we use our money. In this article, Michael F. Kay asks an important question:

Do you and your business want to be in a different place at the end of 2019 than you are now?

If the answer to this question is yes and your financial goals force you to change past behaviors, Kay provides a list of nine questions you can answer to analyze what your underlying money mindset is.

Read the full article here.

Personal Interest

Should You Take Venture Capital Funding?

If you are an entrepreneur faced with tough decisions about funding your business and want to build an independent company that will live for generations, this article is for you! Fast Company turns to the founders of Workday and Eventbrite for the dos and don’ts of raising capital, and they share tips from their experience. They answer important questions like, What do investors look for? When should you lean on investors? Can too much capital be a bad thing? and How do you decide when to say no to money?

When it comes to raising money, there are no clear-cut, right or wrong answers. Raising capital can build the foundation for a sustainable, long-term business, but sometimes building a cash flow business or raising a small amount of money with the goal of selling is the best course of action for the company. The key is staying true to your original vision. You’ll be less likely to regret your decision that way.

Read the full article here.

How to Make Connections That Count

In the New Year, former editorial director of Twitter, Karen Wickre encouraged her followers to ditch resolutions and instead set a goal of making connections that count – to help others and have others help us. As an introvert, Wickre would have to work hard to reach her goal and she recently wrote a new book Taking the Work Out of Networking: An Introvert’s Guide to Making Connections That Count.

Listening, observing, being curious — all are wonderful tools for connecting with people. And here’s the thing: none of them requires you to be in the limelight.

For three exercises to encourage your networking abilities, read the full article from First Round Review here.


GuideVine

GuideVine

From time to time, the team at GuideVine highlights certain topical videos and content from expert financial advisors. We find these helpful and hope you will to for your managing personal finances. To learn more, you can view and find potential advisors through our advisor matching service and listings, ask one-on-one personal finance questions to these experts, and view “How to” videos on our YouTube channel (https://www.youtube.com/channel/UCJopbGDSgc1szGZaoUPqTrA).