There isn’t a week that goes by that someone asks for personal financial advice. The problem with giving personal financial advice is that in order to give truly useful advice you need to know a whole lot about the person. This week someone asked me how I became so wealthy and what they could do…
Category: Personal Management
Why You Should Always Cash Out Company Stock Grants
I’m going to share the hardest money lesson and regret that I had in my career but as bad as it was, some had it far worse. The Great Financial Crisis 2008 The year was 2007 and I was hired by a company that offered me $100k worth of company stock every year as part…
Why I Pay For Ad-Free Streaming Services
I’ve been trying to decide which streaming services I want to keep since most continue to raise prices and with the recent writers and actors strike, have few shows that I actually want to watch so I’ve decided to cut down, for now, on some of these services. At the moment, I have Netflix, Disney+,…
My Financial Asset Inventory
Yesterday I told you about my personal finance operating manual and one of the things in that manual is an annual review of our assets so to that end, I’m sharing a high level overview of my financial asset inventory. You will eventually need to compile a list like this for insurance and will &…
Know The True & Total Cost of Home Ownership
In preparation for a potential recession, I have been planning and preparing for the worst but hoping for the best. I decided to take a look at all of our home ownership expenses and take a look to see if there were anywhere to cut any expenses. Here’s an overview of my expense matrix diagram….
Financial Life Lessons From AI & Why Google Sucks Now!
I continue to be blown away by AI’s ability to answer almost any question I ask it so I decided to start asking some personal finance questions and one of the ones I asked was what are the best financial advice tips for people and below is the response (everything in italics). Live Within Your…
It Feels Like 2007 All Over Again
The stock market has been having fits, housing is not affordable for most people, the central bank is rising interest rates to the point that mortgage rates are now hovering around 7.5 percent. To make matters worse, the Federal Reserve (America’s Central Bank) said at their last September meeting that rates would be held higher…
Cancel Costco, Use Instacart
One of the few places I enjoyed shopping retail was at Costco. I use the word enjoyed in the past tense because I canceled my Costco Executive Membership and I doubt I will ever go back to renew. Let me tell you why… The Good Let’s cover what I liked about Costco. First, the store…
Learn To Outsource As Part of Your Personal Financial Journey
I was reading Reddit this morning and came across this post from someone who’s spouse got a new job and created a lot of turmoil in their household. Essentially, the ‘normalized’ pattern of life was disrupted when the author of the post wife got a new job and changed their entire schedule. Reading that post…
How To Prepare For A Recession
Is your spidey sense tingling? I don’t know about you buy my spidey sense is tingling and when that happens it means an economic recession is coming so how prepare for one? Loss of Job The worst thing that typically happens during a recession is people lose their job. In 2008, when the financial crisis…