Debt

Opening the Books to Our Investment Portfolio

Opening the Books to Our Investment Portfolio

Ah, how time flies! In February 2019, I wrote a post called The Breakdown of Our Net Worth Savings & Investments that detailed our investment portfolio at the time. As you’d expect, it broke down all our assets and liabilities and gave a good snapshot of our financial picture. This was just a couple of months after I had retired from the corporate world so it gave us a pretty good baseline to start our retirement. But holy schnikes – …

Opening the Books to Our Investment Portfolio Read More »

3 Ways a Financial Aggregator Can Help Save You Money

3 Ways a Financial Aggregator Can Help Save You Money

A financial aggregator is sort of a broad term that generally refers to software or services that can pull all your financial data into one place. We’re talking about balances and transactions for your bank accounts, credit cards, investment accounts, loans, and more. You might already be familiar with some of the older players in the game like Quicken, which is still a huge competitor. I used Quicken from 1999 until 2019 (20 years!) until I switched to both Personal …

3 Ways a Financial Aggregator Can Help Save You Money Read More »

Why Not One More? Transform Your Life!

Why Not One More? Transform Your Life!

I realized something while working out recently – something important to understand. There’s one thing that keeps many of us from achieving extraordinary things in life. It’s the difference between average and exceptional – just two simple words… One more. Imagine lifting a set of dumbbells and you plan to do 12 in your set. When you get to 12, what’s stopping you from doing one more? It might not sound like much, but if you consistently raise the reps …

Why Not One More? Transform Your Life! Read More »

The Rent vs Buy Dilemma… Does It Matter?

The Rent vs Buy Dilemma… Does It Matter?

One of the most debated topics in the personal finance space revolves around the question of rent vs buy. On one side of the fence, you have the folks marching to the beat of, “You’re throwing money away when you rent… when you buy, you have something to show for it down the line.” And on the other side of the fence are those that say, “Yeah, but renting can cost a lot less money with excess to be invested… …

The Rent vs Buy Dilemma… Does It Matter? Read More »

One of the Best Money Books I've Ever Read

One of the Best Money Books I’ve Ever Read

I just finished one of the best money books I’ve ever read. It’s vastly different than other books I’ve read over the years… and that’s a good thing. Alternating between reading fiction, non-fiction money-related books, and non-fiction books unrelated to finance works well for me. I love learning new takes on money but I don’t want to become completely absorbed in it. I also want some time for fiction to take me away periodically and allow my imagination to take …

One of the Best Money Books I’ve Ever Read Read More »

Teaching Kids About Money – Valuable Lessons Instilled

Teaching Kids About Money – Valuable Lessons Instilled

Relying on schools to educate your kids about personal finance is generally not going to be a smart move… most schools don’t even have a curriculum to teach them the basics. When it comes to teaching kids about money, the onus falls on you. That’s good news because you have an opportunity to ensure that your children are learning the right information. Just as many parents haven’t been educated about personal finance, many teachers themselves haven’t been either. If you …

Teaching Kids About Money – Valuable Lessons Instilled Read More »

Owning Rental Properties Is Smart, but I’m Out, Jack!

Owning Rental Properties Is Smart, but I’m Out, Jack!

That’s right, folks – after owning rental properties since 2003, I’m now completely out of the game! In 2018, I sold the house I had bought as an investment property in 2003. And just a couple of weeks ago, we closed on selling the duplex we had purchased in 2015. Here’s the weird part – if you’ve been following my blog over the years, you know that I’m a strong advocate of owning real estate rentals. Each property can provide …

Owning Rental Properties Is Smart, but I’m Out, Jack! Read More »

Is It a Smart Idea to Pay Off the Rental Property?

Is It a Smart Idea to Pay Off the Rental Property?

I’ve been salivating over these insanely low mortgage rates out there right now. But I never even thought that another option might be to just pay off the rental property. Today I want to tell you about how I went from unsuccessfully trying to refinance to considering that maybe I just pay off the rental property. It even involves a discussion with the one and only Clark Howard! There’s always discussion in the real estate world about whether it makes …

Is It a Smart Idea to Pay Off the Rental Property? Read More »

We Got Turned Down for a Credit Card… Ok, Four!

Yeah, getting turned down for a credit card isn’t a good feeling. It doesn’t matter that Lisa and I each have credit scores of over 800.  It doesn’t matter that we have plenty of credit cards already and don’t really need another. We also have more of an unused credit line spanned across all our cards than we’ll never need.  And then, of course, there’s that little piece of info that we’ve saved up enough money that we never have …

We Got Turned Down for a Credit Card… Ok, Four! Read More »

This Bad-@#$ Expenses Spreadsheet is My Gift to You

This [email protected]#$ Expenses Spreadsheet is My Gift to You

I’m super excited about a new expenses spreadsheet I’ve been working on that I think you’re gonna love. And this ain’t just any old expenses spreadsheet – it’s focused on your recurring expenses. If you’re like me, you’re familiar with those times when you make a big purchase and have buyer’s remorse shortly after.  It happens. But those are the easy cases – it’s a one-time purchase and it’s staring you right in the face. The tougher problems to solve …

This [email protected]#$ Expenses Spreadsheet is My Gift to You Read More »