a father living and teaching a debt-free life!
Do I really need all this Insurance? Is all insurance a waste of money? What insurance do I actually need? What is the purpose of insurance? Do I have more insurance than I need? What is “risk transference”? These are all great questions. And we’ll get to them all in this longer than normal post. There’s a lot of info...
The Most Important Tenet of Personal Finance is Your Behavior Not Your Knowledge of Math or Numbers. There’s a common perception out there in the internets that uses math and numbers to “sell” personal finance fundamentals. And while I don’t have any problem with numbers and math per se (I’m an engineer after-all), it doesn’t tell the whole story. There’s...
Left Alone, Student Loans Will Destroy Your Finances. So you have student loans? Don’t worry, you’re certainly not alone. There are 44 million other Americans who have an average debt of just over $37,000 in student loan debt also. But unlike many, who are resigned to their seemingly miserable fate of payments until they die, you actually want to get...
Your Retirement is More Important than Any Car or Car Payment. Is retirement investing on your radar? Or are you living in the moment with the thought that you’ll just work forever? Before we get to how your car payment fits into this narrative, let’s discuss retirement. If you’re not putting any money away regularly for retirement and your future,...
Life is Better Without Worry. I was sitting on my deck recently watching my kids in the yard play their version of football. It basically consisted of one of them throwing the ball to the other. And then the one without the ball tried to tackle the one with the ball. If they made the tackle, then they would start...
Lessons on Risk and Behavior from the Tragic Tale of the RMS Titanic. On April 14, 1912, the RMS Titanic struck a large iceberg in the North Atlantic. It was a colossal disaster. It only took 2 hours and 40 minutes for the the most advanced, state-of-the-art ship at the time, to sink to bitter cold depths of the north...
Think You Can’t Live Without a Credit Card?? Think Again. For the last 20 months, I haven’t had a credit card. Not a single one! And my wife hasn’t had one for over two years!! We’ve been living life without a credit card! In today’s world that may seem crazy. Because everyone has credit cards? Right?? Not this guy!! Before...
Are You Leaving Free Money on the Table? When I started my first real job out of college, some of the best advice I received about money was simple. A colleague advised, “Contribute to your retirement 401k plan enough to get the company match.” So without knowing a wit about what I was doing, I started contributing each and every...
A Day is the Same Length of Time for Everyone. What are You Doing with Yours? “Time waits for no man”. Unknown “All we have to decide is what to do with the time that is given us.” JRR Tolkien, The Fellowship of the Ring “Time is money.” Benjamin Franklin All the above quotes convey the same message about time,...
