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Profitable Ideas: Put Your Finances to the Test, The High Cost of a College Victory Lap, and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently.

Do you pass the financial stress test? (Bloomberg). Take a 20-question quiz to find out.

The psychology of buying and selling a house (Wall Street Journal). A home is one of the most expensive purchases most of us will ever make. Here’s why it’s so easy to make a bad decision.

The money letter that every parent should write (NY Times). Parents can pass down some important financial lessons through a thoughtful retelling of their own experiences.

College ‘victory laps’ can cost an extra $300k (CNBC). College can be a very expensive place to figure out what you want to do with your life.

How to negotiate your first salary, according to a Harvard law professor (MarketWatch). Even a little increase over an initial offer can pay big long-term dividends.

Adding teen driver to auto policy yields average 79% premium rise (NY Times). Got kids who’ll soon be driving? Get ready for a bigger insurance bill — way bigger.

10,000 hours researcher: Actually, tons of practice isn’t enough (Inc.). Greatness isn’t just a matter of practice. How you practice matters.

Half of the high-paying jobs in America now require this skill (MarketWatch). Even for those not planning to be programmers, it’s increasingly important to know how to code.

To ask questions or give feedback about any of the above articles, meet me in the comments section.

Bring the new Money. Purpose. Joy. small group resource to your church. For a limited time, you can buy the seven video segments for just $35. Soon the price will go up to $59.95. To preview the course, watch the first video segment.

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