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Go ahead, spend the money you’re working for: Weekend Edition

Bloomberg Opinion Today
Bloomberg

No One Gets Rich by Shunning New Cars and Lattes — Barry Ritholtz

Managing your financial life requires following three rules:

  1. Spend less than you earn;
  2. Prioritize investing for your future;
  3. Figure out what matters and spend accordingly.

If you follow these simple rules, you can ignore the rest of this column. Heck, follow just the first one and you can pretty much ignore everything else.

The reason for bringing this up is yet another appearance by the spending scolds. These finger-wagging austerians love to warn of the dire consequences for anyone foolish enough to actually spend their money.

At almost every level, these complaints are absurd and the arguments marshaled in support are ridiculous.

Read the whole thing.

Why Trump's Impeachment Trial Makes Senate Republicans Squirm — Francis Wilkinson

Republicans Should Fear the Unknown on Trump Impeachment — Jonathan Bernstein

Trump's Latest Plan for Iran: Regime Disruption — Eli Lake

Trump Wins Round One of the U.S.-China Trade War — Tyler Cowen

Cancer Isn't the Only Thing Killing Americans — Max Nisen

Do the Machines Driving Markets Remember 2000? — John Authers

How Boeing Lost Its Way — Joe Nocera

Putin's New Plan to Hold Power Forever — Leonid Bershidsky

The Billionaire Divorce No Shareholder Can Resist — Shuli Ren

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the 10 most popular stories Bloomberg Opinion published this week based on web readership, plus some other stuff sometimes thrown in.

 

Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. Learn more.

 

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