Happy Father's Day! Here are five of my favorite fatherly quotes, and their financial implications. #1 A father is neither an anchor to hold us back nor a sail to take us there, but a guiding light whose love shows us the way. -Unknown A budget shouldn't limit your future, nor does it achieve …
Finance Friday June-15-2018
Happy Finance Friday! Here's a list of my favorite financial articles this week. 1. Student Loan Case Study I do a lot of case studies on this site, so I appreciate DMFA's (Dr. David Michael Frederick Anderson) student loan case studies brought to you by the Physician on Fire. The three cases involve doctors in varying stages …
Life and Death
Do you know what you're buying when you take out a term life insurance policy? You may have a sense that you've gained some protection against catastrophe. But what specific benefit did you buy and was it worth the cost? I'm going to show you that you're buying this shape, what it is, and why …
Goals and Progress – Update 1
My Goals and Progress It's been seven weeks since I clicked publish on my first real post, Case 1: Seth and Teresa. Here are some of my smart goals and the progress I've made so far. Site Goal #1: Engagement My big goal is to have 25,000 page views per month by May 2019. We're …
Investing: Fees
A post about a high cost index fund appeared in my twitter feed, and I gasped: Fees Do you know the effect of fees on your money? It's an important variable in your plan, and one that you control! Felix and Freya Felix and Freya are twins. Since I just made them up, I'll make …
Case 4: Nancy and Joe’s New Home
Nancy and Joe's New Home Nancy and Joe are moving to a new home an hour away and must decide to sell or keep their old house as a rental property. They are in their thirties with two young children. (Note: I've rounded some of the numbers to make it a little easier to follow, …
Investing: Worse than Monkey
I have a friend who taught high school math. She'd give multiple choice tests where there's four answer choices to each question. So you'd think that a 25% is about the worst you could do even if you were a passive monkey selecting answers at random. And yet every once in a while some poor …
Your Bond Percentage Should Feel Uncomfortable
Your Bond Percentage Should Feel Uncomfortable If you're following this blog, you're going to see a lot of discussion around asset allocation and building a portfolio to reach your goals. I'm eager to dive in to investment planning and modern portfolio theory, but let's just get our feet wet today. One of the first big …
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Twice Your Income by 35
Twice Your Income By 35 I'm not a big fan of the one size fits all style of goal setting, but I couldn't get away from all the media attention to an article by Market Watch that blew up on social media this week. The author suggests a target: Save twice your income by Age …
You Need A Goal
Background This is #2 in a series of posts to help you Make A Plan For Your Money. Before you do your goal setting, #1: You Need A Budget. If you have a budget, you should have a pretty good feel about how much money is coming in and how much money is going out. If …