All the financial papers are talking about the next recession…again and again. When will it get here? Who knows. A broken clock is right twice
Tag: #fire method
Investing in gold? Does it make sense?
You’ve heard of people investing in gold in case financial catastrophe hits. Is it wise? Well it depends on how bad you expect things to
Spend All Your Money on New Vehicles!
Pickups and SUVs for the weekend warrior! Covid is over! Spend all your hard earned cash! Borrow to the max! They sure are super popular
PORSCHE OR PICKUP TRUCK?
If I showed up at my office in a brand new Porsche Cayenne SUV or Cayman sports car my coworkers would think I was nuts!
Spend All Your Money on Rapidly Depreciating Metal!
Pickup trucks for the weekend warrior! They sure are popular. As I drive around I see more and more expensive, fancy ones driving around here
Are you Ready to Retire to Guatemala or Honduras?
A lot of people like to fantasize about retirement in sunny place where the waves lap and you watch sunsets. What if you don’t have
You Might Be a Financial Fool if…
Your vehicle costs more than your after tax income for one year Your car loan has a duration of longer than five years, ie 60
Do you Choose to be Rich or Poor?
Do you choose to be rich or poor? Decide now! Everyone would choose to be rich however their behavior shows that they in reality want
Caffeinate at home cheap not at Starbucks
So you are stuck at home. Time to hit Starbucks for a coffee before you start the day. Huh??? No! You are home so stay
Is Expensive Wine, Beer, Vodka Worth It?
Now that you are stuck at home you are likely drinking more. So let’s talk value given we are in a recession. First off, I
Don’t Waste Your Bonus, Invest It!
So let’s say you get a bonus at work or the government gives you $1200 or some other amount of money. Maybe you get a
Invest when prices are low!
So stock prices are falling like a rock! I am scared to invest! Perhaps you should be. Or maybe you should think like a predator
How to Survive A Recession
All the financial papers are talking about the next recession. When will it get here? It’s likely here now or will be soon due to
F.I.R.E. up those savings update
Retire at 35 and sail away to Bali! What a plan! While this is admirable in my book it’s not very realistic for most people
Watch out for Climate Change Losses!
So you’ve read the news about climate change impacting some person that lives on an island nation in the South Pacific that is going to
How credit cards get you in trouble
Credit cards are the devil! If you have a credit card debt you will understand this statement very well. Here is why I say this.
Save big money with F.I.R.E. Templates
So you want to use the F.I.R.E. method of financial independence to retire early? Well then here are the templates you will need to get
DON’T BE a money fool
The average consumer is a financial fool. Why would you say something like that? Because it’s true….financially. BTW Mr. T’s classic 1980s quote is “I
I am afraid of Investing. Why?
I recently read an article that said Millennials and the generation after them are afraid of investing. Interesting. Perhaps some education is in order. I
Who does F.I.R.E. Method work for?
So we have seen FIRE works in these posts. Right then. But who does it work best for and why? Let’s find out. I have
How F.I.R.E. savings really work
You’ve heard of people saving tons of money and the retiring at age 40. Sounds great. How do I do that too? Well it’s not
Fight Age Discrimination with Frugal F.I.R.E. Savings
Remember the old Steven King movie Children of the Corn? The one where they got rid of the adults and people that were too old?
Watch out for affinity fraud and Investment scams!
Let’s say a respected member of your church/synagogue/ mosque has been making big money on his investment in connection with another member of the church
Help! I Have No Company Retirement Plan!
Are you screwed if you don’t have an employee sponsored retirement plan? Of course not! However you are going to have to work a bit
MMT: Let’s print lots of money!
Modern Monetary Theory = MMT What is it? Politicians may start talking about this in economic debates and we are already using it. The theory
How to deal with inflation
Inflation. What does it mean? It means the money tomorrow is worth less than what it was yesterday. The money has less purchasing power. Have
Investing in gold? Does it make sense?
You’ve heard of people investing in gold in case financial catastrophe hits. Is it wise? Well it depends on how bad you expect things to
Unhiding Interest Rates In Monthly Payments
Let’s get back to our example of Gullible Greta from the vendor financing post and change the numbers a bit. Recall she is in the
Calculating Monthly Payments Easily
Here I am going to show you how to use a financial calculator to do time value of money calculations you would need to calculate
Make Money on Housing
If you have a property and own it you can put it to work by renting it out. You can’t rent out your rental apartment
Trading and Brokers
If you want to trade stocks you can do that through brokers. These come in full service and discount. Most people use discount online brokers
College savings, How to do It
Saving for college should start early to maximize compounding Take advantage of college savings plans offered by your state. The contributions grow tax free for
Time Shares,Vacation homes, RVs
Time shares: No, don’t take the tour and sign up! While this might seem like a good idea they are hard to sell once you
Be your own handyman, lawn boy and maid
Do your own work around the house You should not be paying someone to mow your lawn, shovel your driveway, clean your house etc. No.
The Can Man recycles money into the pocket
Many states have a bottle deposit on soda cans, water bottles, sports drinks, beer bottles and the like. The deposit is normally $0.10 or $0.05/
You Need Emergency Funds!
Rule #1: Set up an emergency fund in liquid savings with 6 months of living expenses. You will need money if you get laid off
Rewards Cards are Great… Sometimes?
Reward cards in my view deserve special mention. I don’t encourage their use as they are a form of debt unless you plan to pay
Side Jobs for Extra Cash
Let’s say you are working hard to pay off your debts and you want to earn some extra cash on evenings or weekends. You can
Picking up payments
Pickup trucks for the weekend warrior. They sure are popular in today’s economic climate. As I go to the office I see more and more
Avoid Expensive Toys (boats, RVs, ATVs…)
Toys, toys, toys for all the good boys. No! There is no Santa and you are adults with jobs and responsibilities. Big boy toys are
Retirement Totals Needed to be Comfy
How much money will I need to retire? A lot most likely. It all depends on when you plan to retire, how long you plan
Ramen Retirement 401K & IRAs
Ramen noodles for life! Doesn’t that sound great? All the flavors in the world! Chicken, Beef, Shrimp, Jalapeno and Spicy Chicken. While these may be
Credit Card Bill Payoff
Credit cards are the worst kind of debt. You are paying high interest on stuff you probably didn’t need to buy in the first place.
Mr. Cash Hoarder 