Living for today - Planning for Tomorrow
Lately I’ve been spending some time looking over our budget to see if we have any areas that we can shave our expenses and I thought I’d summarize a few key data points. We have always strived to minimize our expenses for things that don’t matter to us. The result has been that we don’t have much of what I’d call “leakage” to our monthly
I will confess that I really like Business Insider. Their latest article that caught my attention was a pretty long set of instructions on how to keep your money after winning the lottery or making millions as a professional athlete. It won’t be a surprise to most of you that it simply requires spending less than you make and creating a revenue stream from the
I was looking at one of the spreadsheets I use to track our budget and net worth and thought maybe people might be interested to see how our net worth breaks down. While I’m not showing our exact net worth (we did just hit a major milestone), this gives you an idea of the assets we have that make up our net worth. It won’t
There seems to be a trend lately. (Okay, I guess this has been going on forever). First we read about Allen Iverson being broke after making over $150 million. Now we are hearing that Gary Busey is broke too. In fact, it turns out most of us are much richer than Gary. A broke college student’s net worth probably beats Gary Busey’s net worth. Buzzfeed
Okay, I have clearly lost my marbles. Last weekend, I read an article about how the Powerball lottery was over $300M. I caught myself dreaming about what I’d do with that kind of money. After taxes they were saying it was somewhere around a $200M payout. Of course I wouldn’t use the winnings for anything other than generating interest income but that would still easily
I’ve been contemplating buying a rental property for a long time. I remember years ago when I was considering buying one, it just didn’t make financial sense. At the time, prices were at the point where I’d end up renting the property for less than the monthly mortgage payment. I can vividly recall reading articles from people like Robert Kiyosaki about how you just couldn’t
I’d like to say that this is a post about getting rid of your anxieties with money. The reality is that this post is more about exploring my own anxieties with money, why I have them and how I combat them. I have thought about and worried about money since the 7th grade. I grew up in a very blue collar home with parents who
I read an article today about Danny Kofke. He’s the author of the book: A Simple Book of Financial Wisdom, available at Amazon for $12. In the article, Danny talks about how he and his family live on $40,000 per year. There really wasn’t any new information or advice on how he does it but it’s definitely worth reading. A few things caught my eye
I was going to take the time to put up a post about what it takes to change banks but Nickel over @ Fivecentnickel.com did a great job! He takes you through, step by step. It’s really not hard at all. You can get your new accounts set up with a new institution (I highly recommend a credit union), and then slowly transition everything over.
I hate spending money on basic necessities like toiletries. It’s just one of those things that you have to do though. As I’m getting older, I’m finding the list of “basic necessities” is getting longer. I have a few different medical conditions that have developed over the last 10 years or so that require specialized “necessities”. I struggle with a very large number of allergies.
