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.

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. Extroverts As alluded to above, it’s extroverts people worry about when working from [...]

By | 2017-10-20T16:20:39+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 | 2017-10-17T08:57:39+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

Healthy Financial Habits You Should Adopt

Don’t spend more than you make. It’s obvious, isn’t? On paper, it certainly makes sense. Out in the field, when you’re exposed to all of life’s great temptations — can you say Amazon Prime Day? — it’s a lot harder to put into practice. In some cases, it’s the little things that trip us up, like bank fees and impulse purchases. In others, it’s bad habits that prevent us from living our best frugal life. Though it may not be considered a vice, your bad habit of spending money adds up. If you’re tired of seeing your money disappear, consider adopting these [...]

By | 2017-08-28T13:29:20+00:00 August 28th, 2017|Personal Finance|1 Comment