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!
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
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
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? Decide now! Everyone would choose to be rich however their behavior shows that they in reality want
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
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
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
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
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
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
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
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.
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
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 recently read an article that said Millennials and the generation after them are afraid of investing. Interesting. Perhaps some education is in order. I
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
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
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?
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
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
Modern Monetary Theory = MMT What is it? Politicians may start talking about this in economic debates and we are already using it. The theory
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
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
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
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
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
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
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: No, don’t take the tour and sign up! While this might seem like a good idea they are hard to sell once you
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.
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/
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
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
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
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
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
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 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 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.