There’s a lot of jargon in the world of personal finance. The more terms you know, the more comfortable you’ll be when it comes to making decisions about your money. Today’s post is meant to be a short and sweet tutorial about the basics of Sequence of Return Risk. A bear market is one where […]
FU Money and being FI are super powers… Dave from www.accidentalfire.com I’ve written about FU Money before. It’s the money that you have set aside for those instances when you need to tell someone to “make love and go”. It’s not your emergency fund money. It’s not your retirement money. It’s not even your car […]
Every day that you wake up offers you the chance to move closer to, or further from, your priorities. You can spend your life’s energy, time, and money in ways that are making your dreams come true. You can just as easily spend your resources making someone else’s dreams come true. One way or another, […]
I want you to keep your money. Yes – that’s right. You should put yourself in a position to keep your money. Obviously, you can’t keep all of it. When you get paid, you have to give away some of your money. It has to go towards shelter, food, utilities, a basic wardrobe, and transportation. […]
When I started investing, I had no idea what I was doing. It’s true. I was in my early 20s, and my local newspaper had a column about personal finance. I’m older than the internet, so I grew up reading newspapers. I’ll never forget a column about David Chilton’s book The Wealthy Barber. That book […]
The chatter in the system is that inflation is coming. Hardly surprising. I would venture to say that inflation is already here. Groceries are more expensive than they were a year ago. Gas prices have risen in my corner of the world. Friends who need lumber are sharing horror stories about the price. There’s not […]
Last week, someone in the Twittersphere asked people to share their best money-making tip. Mine was simple – cook at home more. I’ve never hidden the fact that I consider my kitchen to be a magic money-maker. A few hours each week in the kitchen means that I’m not spending money on over-sized portions of […]
“Wow! I had way too much money to tide me over when I was unemployed and had bills to pay!” – said No One Ever By now, you may heard that it’s best to have 3-6 months of income in your emergency fund. You know your finances better than I ever will, but it seems […]
Truth be told, it took me a very long time to realize that banks are a tool that will help me achieve my personal finance goals. Every three months, the Big Banks release their earnings. More often than not, those earnings are in the billions, if not the hundreds of millions. And people start frothing […]
When I was a kid, one of the things I learned from my mother was that interest rates are inversely correlated to housing prices. If interest rates are going down, then housing prices are going up. Over the last 12 months, I’ve seen this lesson play out in real life. By the time this blog […]