I asked AI to generate a list of 10 commandments for personal finance and here is what it generated. The Ten Commandments for Personal Finance Thou Shalt Budget Wisely: Create and maintain a budget to track your income, expenses, and savings.Thou Shalt Live Within Thy Means: Spend less than you earn to avoid debt and…
Author: Rich Slick
How I Pick Stocks To Invest (Tax Deferred)
I think the stock market, in general, is very over-valued but that doesn’t mean there isn’t value in the market. I have a methodology I use to find the best stocks for me to invest in but before we get to that let’s cover a few topics. Free Cash Flow The best valuation method for…
7 Frugal Habits I Dumped When Getting Rich
I ran across this article from CNBC discussing 7 Frugal Habits a self-made millionaire kept after becoming rich. I went through the list and I can honestly say I had similar habits but I dumped them all and I will tell you why. 1. I buy the least expensive cuts of meat Bernadette Joy buys…
$1600 To Watch NFL Football?
The Dailymail has an article out claiming it will cost NFL fans $1600 to watch all the NFL games next season. Ouch. The good news is that I don’t watch football other than the Super Bowl. I don’t have 3+ hours to waste watching football per game and it’s time I’d rather spend on investment…
Consumer Price Index for April 2024
The Bureau of Labor Statistics released the Consumer Price Index for April and I was eager to check it to confirm my suspicions about the high cost of meat and electricity. I downloaded the relevant charts and am posting them below. If you want to play around and create your own charts you will find…
The 50/30/20 Budgeting Rule
The 50/30/20 budgeting rule is making the rounds on the internet and I honestly wasn’t sure what it was until I read up on it. I haven’t had an official budget in over 20 years and that’s largely because I have always paid myself first. For decades, I’ve always tried to maximize my 401k, kept…
Chat GPT-4o & How To Get Rich
OpenAI released a new version of their Chat GPT product called GPT-4o and I’ve been playing with it. I asked, “what’s the best way to get rich in the United States” and here was the response. Entrepreneurship: Starting and growing a successful business can be a highly effective way to build wealth. It involves identifying…
The Cost of Celebrating Mother’s Day
I haven’t been posting lately and that’s because of a very expensive Mother’s Day. It all started when I was voluntold that we would be hosting Mother’s Day for my mother-in-law and my mom. This meant we would be having at least 20 people over and maybe more depending on which extended family decided to…
Happy Mother’s Day
To all the mom’s out there Happy Mother’s Day!
Did Boomers Steal Wealth From Millennials?
I came across this captivating and intriguing Ted Talk by Scott Galloway entitled, “How The US Is Destroying Young People’s Future” and Scott pulls no punches in his assessment of the plight of young people. I’m not sure how I feel about the whole thing. I am fully aware that young people have a much…