Well, as some of you may have noticed, I took down the details of our net worth. I did this for a couple reasons. I decided that I didn’t want to put that level of detail out any more and not long after making that decision, a few of my friends discovered this blog. Don’t get me wrong, I’m not ashamed of where our net
What Does Good Money Management Mean to You
I was reading a comment on My Open Wallet and it got me to thinking. What does good money management mean to you? As I’ve talked to people that have struggled with money I never realized that their definition of good money management and mine were completely different. My definition of good money management is that you have a plan, you know how much money
Picking Stocks and Mutual Funds is a Pain!
One thing that I’ve been doing is trying to learn more about stocks. I have a friend of mine who damn near seems like Warren Buffet. He learned his skills from a family member and has shown me some amazing stocks. I’m not someone who just wants the latest stock “tip”, rather, I’d prefer to understand how to find the stock myself. So, over a
Interesting Observation About my Financial Journey
This morning I was going through our investments/assets/expenses which I keep in a custom excel document that I created a few years ago. This spreadsheet includes multiple tabs, and a couple charts. I call this my Financial Dashboard. At a glance I can easily see all the figures that make up my net worth. It also shows me what my expenses are, what percentage of
Real Estate is a Funny Thing
I continue to be amazed at how our home values keep increasing in our neighborhood. Prices are going up so much, that it almost makes me wonder when they’ll come back down. At some point, with interest rates going up, and prices going up, there won’t be any buyers that can afford to buy these houses. When I moved in to our house 3 years
Furniture Store +$1500 — Hazzard -$1500
Well, the net worth took a hit yesterday. My wife and I decided to go look for some night stands for our bedroom. We have been using some homemade night stands for about 6 years and before that, we didn’t have any. I had promised my wife that we could use some of my annual bonus to pick up a couple pieces of furniture to
I’ve Got a Few Issues With the Younger ME
I was sitting around thinking (not again) and I realized that I’ve really short changed myself in the past. Not so bad that I haven’t recovered from it (to some extent), but enough that I could have made things a bit easier on myself. Jonathon at MymoneyBlog had a good post about mistakes, and so did MyOpenWallet. I think it’s a fact of life that
Leaving $1.1 Million to National Debt
Wow. Amazing. Uhh what the heck? I can’t believe it. So, this lady right here, left her entire $1.1 million estate to the national debt. No surprise I don’t agree with her. That must be somewhere around the equivalent of less than .01 cents towards our debt. It is so completely dilluted that it seems like it would have been put to better use if
Only way to Accumulate a Million is Via the Lottery?
Now, this article was a bit shocking to me, even though I’ve heard many of the statistics before. I knew that a lot of people don’t have a good understanding of how to build wealth over time, but 21% of the population thinking the easiest way to do it is by winning the lottery? And it’s higher depending on which demographic you look at. What
Make the Decision to Take Control
Suze Orman has some words of wisdom. She cites how everyone can save an extra $5000 per year by trimming lots of little expenses all year long. There are a few that work for me, such as stretching out the length of time between expensive haircuts, or saving the change from every purchase and then putting that money in the bank. What I think Suze