Yesterday I wrote about what held me back in personal finance in a post entitled, “What’s Holding You Financially Trapped?” A key blocker in my personal life and a “wall” in my prison cube was insufficient Education about all things personal finance. As part of my learning and discovery journey I learned that sometimes it…
What’s Holding You Financially Trapped?
One of my favorite Simpsons episode is the episode where Montgomery Burns is asked to speak at elementary school and his speech is essentially, “Family, Religion and Friendship, these are the three demons you must slay to succeed in business…” But I think a more accurate representation is a cube because it has six sides…
How I am Building My Bond Portfolio
Everyone should have a diversified investment portfolio and the general recommendation is to have a 60/40 of equities/bonds but I prefer to really diversify my portfolio which includes other things but today I’m going to talk about my bond portfolio. For the past 15 years, bonds were paying virtually nothing in terms of interest because…
How I Am Building Financial Freedom
The key to financial freedom isn’t a great job or even a pile of money because both will eventually deplete over time. You can’t work forever nor will a pile of money last forever. The key to financial freedom is to have an never ending flow of income arriving regularly to your coffers. I asked…
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….
It’s Time To Pay The Landlord!
I love the start of the month because it indicates a day that I’ll have some income delivered to my bank account but sometimes I wish it could be like the old days depicted in the image above. I started investing in real estate to diversify away from just holding stocks, bonds and cash. I…
Happy Halloween!
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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…