How A Millionaire Uses Credit Cards & Mistakes To Avoid
I currently have six credit cards with credit limits ranging from $20,000 to $50,000. I have two primary credit cards that I use that are hotel and airline branded to earn points/miles so that I can fly and stay for free (relatively speaking) when I travel. I have a few tricks I do with the…
How A Millionaire Buys Bonds and Sound Advice from AI
Buying bonds is all the rage right now and with good reason, for the last 15 years the Federal Reserve has kept central bank rates at near zero percent which meant bonds and savings account paid nearly zero percent. Many banks take advantage of their customers and offer a paltry 0.01% interest because most people…
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…
Stock Market Stormy Seas
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…