On my post titled 7 Steps to Millions More: Continue Learning and Developing Skills, one reader left the following comment: This could maybe even be its own post but how do you feel you apply this concept into your life now that you are retired? For instance: 1. Do you still try to learn and grow in your career field perhaps because you are still interested and just enjoy … [Read more...]
What Vacation Plans Do You Have for 2017?
What's the use of having lots of wealth unless you get to live it up a bit, right? Well, today's topic is going to focus on just that -- enjoying what we have earned, saved, and invested. In particular, how we all choose to spend some of it on vacations. I thought I'd post our plans for this year and you could do the same. Great way to spend a day, right? They say that … [Read more...]
How to Save on College
A friend and I were talking the other day. His daughter is one year younger than mine but both will be off to the college campuses of their choice this fall. He was sharing that his daughter had the choice between two great schools in her state which would leave her with ONLY "tens of thousands of dollars in debt" upon graduation and another, highly rated school just … [Read more...]
Millionaire Interview 7
I thought you'd enjoy this interview with another person who grew his net worth to over $1 million. To read more millionaire interviews, check out my millionaire interview category. My questions are in bold italics and their responses follow in black. Let's get started... How old are you (and spouse if applicable, plus how long you've been married)? I’m 51 years … [Read more...]
How to Pass Wealth to Your Kids
Have you ever heard the phrase "shirtsleeves to shirtsleeves in three generations"? This site notes that other cultures have similar sayings (Japan: “Rice paddies to rice paddies in three generations.” Scotland: “The father buys, the son builds, the grandchild sells, and his son begs.” China: “Wealth never survives three generations.”) and here's how it explains them … [Read more...]
How to Go from Zero to Millionaire, Part 1
I get asked now and again what steps I would recommend for someone just starting out who wants to become wealthy. At the same time, I look back over my life and see money milestones, mistakes, and successes. It's been good overall, but there are certainly things I would do differently. So I thought I'd address both of these in a single series. In this set of posts I … [Read more...]
More Evidence that Financial Advisors and TV Personalities are Not Experts
The more I write about various so-called financial "experts" (who are not really experts) the more it seems I run into additional examples of their non-expertise. In the latest example, I was listening to the Masters of Money podcast (I enjoy and recommend it!) interview with Joe Saul-Sehy from the Stacking Benjamins podcast Joe spilled the beans on both financial advisors … [Read more...]
Explaining Early Retirement to Strangers
Last fall I shared responses I received from people when I told them about my early retirement. These were family members and friends -- people I know well (of course.) They know me and our family and while they may have been surprised, it wasn't a total shock given what they know about us. But there's an entirely different dynamic when you explain early retirement to … [Read more...]
My Jobs, The Blame’s on Me
Last time I shared some of my career history and left off when the dot com bubble burst. Today I continue this series by giving details on the next position I held. As you recall, I made the shift to the head of marketing for a sister company when the dot com I was working for went under. The company was what I'd call a smaller mid-sized company ($300 million in sales) that … [Read more...]
An Example of Stacking Discounts
I recently had an experience that perfectly illustrates the concept of stacking multiple discounts so I had to share it with you. I'll first detail the transaction itself and then list the savings methods used in this purchase. Of course this process can be used on a variety of purchases (and I often stack multiple discounts), but this one is especially good. Nike … [Read more...]
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