Living for today - Planning for Tomorrow
Well, according to this article, we have a record number of millionaires out there. That’s great news, unless you aren’t one of them. I’m on my way, but I haven’t made it yet, and the road looks long and bumpy. Highlights: There are 7.5 million millionaires in the country now A 21% increase in millionaires year over year There were only 6 million millionaires in
You have got to read this article in the Seattle PI. It looks at Payday loan companies and what kind of interest they charge. How about 391 percent? I just don’t know how people can offer this and sleep at night. It’s interesting (not surprising) that they saturate areas that have lower incomes and prey on the people that can least afford to use their
I have an opinion. Okay, well I have a lot of opinions and here is one of them. Everyone that is able to, should buy a home. I’ve read, on many blogs, and other articles, that home ownership isn’t necessarily for everyone. I won’t disagree with that but I think it’s only that rare person.Here is my very unscientific opinion on the subject. It’s no
A couple days ago I was talking to a friend of mine. He has a VERY nice ski boat and was waxing it at the time. I think it’s about 10 years old and only has about 225 hours on it. He takes very good care of it, like he does all of his things but it still isn’t worth anywhere near what it was
In one of my other posts, I mentioned that I like to talk to and watch people that are doing better than I am financially. I have a couple really good role models that are doing VERY well. (I’m not sure they know they are role models for me. I guess I should probably tell them. I bet they will be flattered that someone thinks
There are so many choices in life that it sometimes seems overwhelming. Even if you want to make all the right decisions, inevitably you make a few mistakes. I’m probably a poster child for having good intentions, but failing to make the best decisions. I think that many of the traits we have are learned from family and friends. If you grew up in a
Anyone who really knows me, knows that I’m a big fan of cars. I always have been, and probably always will be. Due to this fact, I’ve learned a few hard lessons about how much money you can burn up with this passion. Well, I’m done making mistakes on that front. I don’t plan to “overspend†on a new car any time soon. Here is
I mentioned in another post that I wasn’t going to talk about the details around my net worth. Well, I’m not. What I have been doing is reviewing my net worth on an ongoing basis to make sure that my wife and I are headed in the right direction. Here are a few observations about our net worth: Our net worth is increasing at a
You hear people talk a lot about retiring. Most of them will tell you that they are “saving for retirementâ€. It’s funny to me that more people don’t talk about net worth in the same sentences that they are talking about saving for retirement. It’s impossible for someone to know that they are headed in the right direction for retirement if they don’t know where
Imagine a society where everyone makes enough money every month to pay all their bills and they even have some cash left over. Gone would be the endless fights between husband and wife over which bills to pay, which child they should buy shoes for, which financial crisis to address first. Couples would have to figure out something else to fight about every evening after