I’ve fallen in love with image generation AI so from now on you can expect an image generated by AI on my blog illustrating my feelings for the post. Here is how I feel right now. I am feeling a few gold coins drop from my investment ship suddenly finding itself in turbulent waters with…
Do You Have The Right Subscriptions? Netflix, Hulu or Dividendology?
I’ve been going through my budget lately in preparation for a possible economic meltdown and studying where to cut discretionary (optional) expenses. I have a variety of streaming subscriptions that include Netflix, Paramount, HBO Max, Apple TV and Hulu (now cancelled) but I also have a few subscriptions within YouTube that provide far more valuable…
Are We In For A Stock Market Horroween?
Last month I wrote a post entitled, “It Feels Like 2007 All Over Again” which describes the sinking feeling of revisiting the Great Financial Crisis of 2008 that started with a residential housing bubble, massive fraud, greedy default swaps and ultimately a near global market meltdown. This time around we have commercial real estate on…
Investing When In Your 20’s, 30’s, 40’s and 50’s
Investing is a journey much like human life and I can’t write about anyone’s journey but my own so here’s how I did things and would do things differently for every age period. The 20’s How I lived it: I paid my own way thru college and graduated with student loans that were the bane…
The Congressional Circus Show & Bing AI
This is a personal finance blog and the absolutely last thing I wanted to do was write a political post because while politics plays a role in personal finance, it’s not the center piece of this blog nor do I want to turn it into one but this morning a friend and I started playing…
Wealth Distribution Across America
The Federal Reserve released their wealth distribution data for Q2 of 2023 and it has some very interesting charts and data. Wealth Distribution The Federal Reserve breaks down wealth distribution into five groups. Wealth Distribution By Generation According to the Federal Reserve, the Baby Boomer generation has the bulk of the wealth followed by Generation…
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…