the Cash Dad Blog

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Is a Debt Free Life Really the Ultimate Goal?

While You’re Chasing Your Money Goals, are You Still Living Your Life? I’ve written fairly extensively about becoming debt free. My family still has a mortgage remaining. And we have no other consumer debt of any kind. We have more than 50% equity in our house, and our net worth is trending up. We’re well on our way towards a...

Personal finance 101: insurance is for risk transference 0

Personal Finance 101: Risk Transference and Insurance

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...

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Success With Money is All About Changing Your Behavior.

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...

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How to Eliminate Your Student Loans for Good!

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...

Invest, don't pay a car payment 3

Are You Driving Your Retirement?

Is Your Retirement 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? But at least you’ll be driving a sweet car? Amirite? Before we get to how your car payment fits into this narrative, let’s discuss retirement in general. If...

Life is Hard enough without adding worry 1

“Don’t Worry! Be Happy” and Take Control of Your Life.

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...

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What can the Tragedy of the Titanic Teach Us About Money?

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...

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It’s Possible to Live Life Without a Credit Card!

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...