Monthly Newsletter: April 2023

💸 How Much Lifestyle Creep is Okay? [The Definitive Guide]

• Once you spend more than 50% of your future raises, then you start delaying your retirement.
• The most important factor in determining how much of your raise you need to save (to have the same retirement date) is your current savings rate.
• Higher savers have to save an even larger percentage of their raises (compared to lower savers) if they want to keep their retirement date constant.

⏰ Tropical MBA podcast with Travis Jamison: Investing and the Price of Time (35 min)

• Collapse of Silicon Valley Bank and the current crisis in commercial real estate. 
• Importance of building cash flow through running online businesses to weather the ups and downs. 
• So keeping a cash, a heavy cash position, can just help you wait out the dips without the bad times and just stay invested in compounding over the long term. That’s how you win over time.

The Craft tweet by Kevin Dahlstrom

“…no matter how much money you have, you still have to fill 16 hours a day with meaning. And it turns out that finding meaning is much harder than just making money.

A life filled with meaning doesn’t happen overnight and can’t be bought. And meaning isn’t found by avoiding hard work and uncertainty—meaning comes from those things.”

🎯 Play Long-term Games With Long-term People by Naval

• All returns in life come from compound interest in long-term games.
• For example, the simplest one is getting married to someone, and having kids, and raising children. That’s compound interest, right? Investing in those relationships. Those relationships end up being invaluable compared to more casual relationships.
• It’s true in health and fitness. You know, the fitter you are, the easier it is to stay fit.

⛽️ I wanted to share this nifty app I’ve been using recently: Fuelly – the most popular gas mileage tracking site on the internet.

• Fuelly allows you to track your vehicle’s miles per gallon (MPG) over time by logging each time you fuel up your vehicle.
• If you’re looking at buying a new/used car and want to find out realistic gas mileage for your next car, Fuelly has perhaps the most real-world MPG data of anywhere on the web.
• You can view average MPG data based on thousands of fuel-ups logged by users and filter by Make, Model, Year, and even engine type and body style.