Take 5: A Roundup of Reads From Around the Web

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This week: How Homer Simpson makes money, why boomers are about to go bust, mistakes you need to forgive yourself for, how to increase your self-employment income, and the secrets to a joyful life.

1. Homer Simpson’s Top 10 Business Ideas

[Wealthy Turtle] “Time and time again Homer has started his own business venture to help support his family and get rich. Sure, they pretty much always fail miserably (and are sometimes blatantly illegal), but at least he’s trying!”

While I’m not a regular viewer of “The Simpsons,” I do like the show and remember some of the startups he’s tried. But I couldn’t recall everything on this list. They include an Internet startup, revitalizing tonic, snowplowing, telemarketing, elephant rides and country music star manager. If you remember those, check out the complete list for more.

2. Top 5 Reasons Why Baby Boomers Are Screwed

[Yes I Am Cheap]  “At 56 my mom is smack-dab in the middle of the baby boomer generation. For some reason, she still thinks that she’s pretty young and hip. Her new obsession has become the weekly sales at Macy’s. I’ve tried hard to tell her that she’s getting old and needs to begin preparing for retirement, but she somehow thinks that 50 is the new 40. Instead my mom is busy updating her look from somewhere near 1984 into 2001.”

Wow. Hope her mom doesn’t see this!

As a baby boomer myself, I was most interested to learn why I’m screwed. As it turns out, one reason is I’ll be fired before I’m 65 because someone younger, cuter and willing to work for less will take my job. Another reason is because I haven’t saved for retirement. Reason Three is that Social Security won’t cut it. Reason Four, Medicare is expensive, and I’ll live a long time. And the final reason I’m in trouble is because my kids won’t support me.

Read this tongue-in-cheek article for more, and see if these things apply to you. But this certainly doesn’t just apply to my generation. There’s not a single item on the list that won’t potentially screw every generation following us boomers. And that, I’m sure, was her point.

3. 21 Life Mistakes You Need to Forgive Yourself for Making

[And Then We Saved] “Many people try to live by the motto of ‘live without regret,’ but it is almost inevitable that someone will regret at least something from their past. In some cases, that regret can make it very difficult to keep moving forward with their life. They dwell on the past and suffer the regret daily.”

Got regrets? This post offers a bunch, from places you didn’t see to time, money and relationships you’ve wasted. But in addition to providing a list, it also offers things you can do to address, or get over, those regrets. Check it out.

4. 4 Nontraditional Ways to Increase Solopreneur Income and Productivity

[Careful Cents] “Recently, I started challenging the way I approach my business in hopes of learning new ideas, and not sticking to a status quo. I’ve tested and tweaked, and two amazing things happened: I got paid more and was more productive.”

If you’re not self-employed, you can probably skip this one. But if you are, you should check it out. Advice includes not offering rates to your clients upfront, modifying your methods of finding work, finding gaps in the services of potential clients, and looking outside your traditional niche. The author’s business is freelance writing, but the advice applies just as easily to anyone who’s self-employed.

5. 6 Secrets to a Joyful Life

[Wise Bread] “Since 1939, scientists at Harvard have been studying a single group of 200 men. They have examined these men’s lives on many levels and over many years, trying to determine what makes human beings thrive. … Last year, the lead scientist on the study, George Valliant, published his conclusions. … What he discovered may blow all of your assumptions about what it takes to live a joyful life out of the water.”

What did Valliant discover? That joy is linked to love, how we were raised, and a focus on the present, among other things. Interesting read; check it out.

Who do you like?

We’re always on the hunt for talented personal finance writers and interesting site and authors. If you’ve got a favorite, let us know below or on our Facebook page! You can also talk to us about anything you’d like simply by hitting “reply” to your daily email update. (Not subscribed? Fix that right now!)

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


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