Diamonds in the Rough Roundup 5/30/14

What a crazy week.  Got home from vacation 2 days later than planned because of cancelled flights due to weather.  Traveling is fun but can really test your patience.  Thankfully we got home safe and sound.  The baby is gonna need some time to recover.  Here are some great posts I caught up on:

Why You’ll Never Be Rich:  The American Dream is Dead by Money After Graduation:  I never bought the idea of the “American Dream” since everyone has different dreams and goals.  But wealth inequality is making it harder as of late for a lot of people to even buy a house or get health insurance.  It’s a different world we live in compared to 30 years ago.

Account For Depreciation by Frugaling:  This laptop I’m typing on will die at some point.  I’ve had it for about 3 years and it’s starting to show signs that the end may be near.  To counter this, I try to budget $25 or so a month so when it’s time to replace it, the money will be there.  Everything will meet its end.

This is America, Right? by Broke Millenial:  America has a lot of problems, but it’s also a country that most people will find success in if they work smart and hustle hard.  It takes some luck too, but luck usually finds those who work at it consistently.

Sacrificing a Small Trip Today for a Big Trip Tomorrow by Budget and the Beach:  Vacations can be a real money sink but we all need one once in a while.  Sometimes the question comes down to fighting the urge to take a vacation now or waiting to save up cash and points for a big vacation later.  This article has some good tips at the end to save money while on vacation.

Why It’s So Hard To Get A Mortgage: A Loan officer’s Perspective by Financial Samurai:  Fascinating thoughts by a loan officer about getting a mortgage.  He says not to blame the banks or people that work at them but to blame the borrowers who didn’t pay.  Borrowers certainly had a hand in this, but so did top executives at the banks who allowed the money to be lent out.  Many people lost their jobs, but the bank executives only get richer.  It seems more important than ever to have a steady income and a great credit score in order to secure a good mortgage.

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