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Personal Finance

/Personal Finance

I believe that Personal finance encompasses all the decisions a person might make when it comes to cash flow, budgeting, retirement, investments, multiple streams of income, and insurance protection. Every adult is bombarded with decisions to make when it comes to all these areas of life and I try to help with my thoughts and opinions on the various topics.

I Received a Painful Reminder of the Importance of an Emergency Fund

I recently received an unwanted reminder how important an emergency fund is to financial well being.  If not for my emergency fund I would have been forced to take on either unwanted debt, and if that wasn't available then I am not exactly sure what I would have done.  If you don't have a dedicated, liquid, emergency fund - then please stop reading and figure out a way to fund one right now. My Recent Story of PayPal Purgatory In addition to this site, I own about 10 other websites with a business partner, who oddly enough I have only met once in [...]

By | 2017-11-29T10:06:24+00:00 November 29th, 2017|Personal Finance|3 Comments

The Right Personality for Working From Home

One of the things you need to think about when you’re working from home is your personality type. The received wisdom is that extroverts suffer when they’re working from home because they’re away from the humming chatter of a busy office. The truth is, there is no ‘right personality’ for working from home. Anyone can be productive and useful, as long as they take account of their needs and make sure they’re met – exactly as they would do in an office. Working from home simply brings different challenges beyond just taking debt on from Credit Cube. Extroverts As alluded to above, [...]

By | 2017-11-27T23:18:12+00:00 October 20th, 2017|Personal Finance|0 Comments

A Depressing Way to Inspire You to Save More

When you take a step back and think about how much money you or your family has earned in total versus your net worth may be a very depressing way to inspire some lifestyle changes.  I have said it before, but I believe that actually calculating and tracking net worth changes over some set time is an important exercise for anyone running their family's finances. I am not entirely convinced there was a point to creating the spreadsheets below since most people understand that it is all about what you save.  Nonetheless I was curious as to what these numbers would add up to. [...]

By | 2017-11-27T23:02:32+00:00 October 17th, 2017|Personal Finance|0 Comments

Spending Money to Make Money in Real Life

We’ve all heard the saying “you’ve got to spend money to make money”. And while that’s not true in all circumstances, it’s commonly true in the world of personal finance. It’s pretty much impossible to become wealthy through frugality alone. In reality, most people have to spend money if they want to maximize their long term wealth potential. There are many examples of how this works. Here are just a few. Investing. In many ways, investment can seem like the ultimate indulgent expense. After all, how do regular people have the interest or extra money to buy pieces of companies? And isn’t [...]

By | 2017-10-01T20:07:36+00:00 October 1st, 2017|Personal Finance|0 Comments

Where I Think Robo-Advisors Are Going to Fail Their Clients and Customers

My main career for the past 10 years or so is back office support for a financial planning firm.  Couple those 40 to 50 hours a week with running a personal finance blog for 8 years or so and I like to think I am usually aware of movements within the industry broadly referred to as financial planning.  Within those dual roles it has been pretty amazing to watch the hockey-stick growth and popularity of Robo-advisors.  Personally, I think it is fantastic how much they, as a whole, have changed the industry for the better in a shockingly short period of time. [...]

By | 2017-08-29T23:34:01+00:00 August 30th, 2017|Personal Finance|3 Comments