Personal Finance

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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.

The Best and Worst Attributes About MLMs

I have this buddy who is deep into the Multi-Level Marketing (MLM) world.   It feels like he keeps bouncing from the next big thing to the thing that is going to make the "next big thing" look horrible and scammy.  He has attempted to recruit me to a few of these ventures and much to the surprise of no one, but him, I have always rejected.  Every time, he contacts me about the next amazing opportunity I always have two thoughts about the very nature of MLMs and they are what makes the opportunity amazing for some and horrid to me at [...]

By | 2017-05-18T08:59:53+00:00 May 10th, 2017|Business, Personal Finance|11 Comments

Top Personal Finance Tips for Young Professionals

Today, young people are faced with massive student debt and on top of that, the job market is tough and salaries are stagnant. This is an uphill battle especially when planning for the future. When one is unable to find a well-paying job, it means no payments will be made towards settling student loans. By not doing so, your credit score is affected and in turn you will be locked out of financial opportunities like mortgages which are vital to owning a home. The good news is that there is hope at the end of the tunnel. To overcome many problems present [...]

By | 2017-05-03T09:14:49+00:00 May 3rd, 2017|Personal Finance|0 Comments

Life of a digital nomad – Earning Money while Traveling the World

Imagine sitting in a small cosy café in Paris on a sunny spring morning; typing away on your laptop while enjoying a café au lait and a fresh croissant. Or picture yourself sitting under the shady leaves of a huge palm tree, the sound of waves in your ears and the scent of saltwater in your nose. You boot up your tablet, put a smile on your face, work for a couple of hours and earn enough money to tackle the next step of your journey. Welcome to the life of a digital nomad! What exactly is a digital nomad? The answer [...]

By | 2017-02-15T13:38:58+00:00 February 15th, 2017|Personal Finance|4 Comments

February 2017 Net Worth Update

Every month when I open my net worth spreadsheet to update it I get a bit anxious.  It is like getting back the results of a single test in high school.  You can't do anything to change it as the test was already taken and you know that one single test doesn't really matter, but nonetheless, you are receiving objective feedback as to how well you did in a short amount of time. To extend the analogy a little bit more, you kind of know how well you did since you know if your spending was out of control or the market [...]

By | 2017-02-01T11:46:39+00:00 February 1st, 2017|Personal Finance|2 Comments

Is There a Correct Emergency Fund Amount? Different Ways to Calculate How Much You Should have Saved?

Having an emergency fund is probably one of the most important things you could for your financial well being.  If there was a hierarchy of personal finance, it is likely on the bottom with owning life insurance as not to bankrupt your family if you were to premature predecease. However, there are just a ton of different opinions on just how much should be kept in cash. What is the Wrong Amount to Have in an Emergency Fund? Too Little I am not sure how much of these stories I believe but there is a shocking amount of Americans without a properly [...]

By | 2017-01-24T10:56:21+00:00 January 24th, 2017|Personal Finance|6 Comments