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…
How To Do Due Diligence On Real Estate Investment Rentals
As I accumulated more and more money it became necessary to diversify my investments and one of those roads led to me real estate rental properties. My first rental property was actually a bit of an accident. I had been offered a job in a different state and they offered a relocation package that included…
How To Do Due Diligence On Stocks
In yesterday’s post, I wrote that doing due diligence on a particular stock is the best risk management strategy. If you can avoid making a bad investment decision from the very beginning, there is no need for further strategy to avoid losses. Stock Equity Due Diligence So how do you perform due diligence on stock…
Risk Managing The Stock Market
I recently wrote about one of my favorite real estate investment mentors, Coach Carson and recently ordered his book. I highly recommend the book because it offers insights not just into real estate but the human condition. In Chapter 3 of the book, Coach Carson tells the story of Bob & Karen (minor spoilers) who…
When You Change Jobs, Move Your HSA Account
When most people change jobs they know to take their 401k with them to their new company or roll over that money into an IRA. Whenever I’ve changed jobs I usually roll my 401k money into an IRA that has been accumulating all my 401ks over the years. Recently I left a job where I…
The Best Resources For Real Estate Investment Rentals
Personal Finance is an adventure for everybody and over the years, I’ve accumulated a long list of useful websites, favorite YouTubers and other resources but today I want to focus on three that I think have been the most beneficial to me over the past couple of years. With mortgage interest rates approaching 8% we…
How Much Money I Save Working From Home
The last three jobs I’ve had the opportunity to work from home. I have had, on occasion, travel to the office for certain events or activities but for the most part, I work home nearly 99% of the time. So let me go through the list of money I save now by working from home:…