If there's one thing that's the forgotten step-child in personal finance, it's the emergency fund. Those just starting out on their financial journey hate it because it's a killjoy -- something they have to save for that has zero perceived value (at least in many people's minds). Those of us further down the road don't really think much of it as it's simply "there" -- … [Read more...]
The Financial Implications of Owning a Cat
One of my favorite songs of all time is "The Long and Winding Road" by the Beatles. This post is likely to resemble that song and could be named "The Long and Winding Post". So if you're not into the backstory of my history with pets/cats, you can jump to the money stuff below where I "get to the point." On the other hand, if you're interested in how we came to own a … [Read more...]
My Latte Factor
Anyone love coffee? ;) For most of my life, I was not a coffee drinker. I preferred my caffeine cold in the form of Diet Coke. And then fate stepped in... But before we get to that, let me say that the following is a guest post I originally wrote for Get Rich Slowly. It was written over a year ago and since then, I have had to change my coffee-making methods. So at the … [Read more...]
Eight Areas Where I Could Easily Spend a Fortune
Many people assume I was able to accumulate a large net worth simply because I made a lot of money coupled with a natural tendency to be frugal. No. That's not how it happened. First of all, I didn't make a lot from the get-go. Like most millionaires, I had to work long and hard, delivering lots of value to my employers until my salary steadily grew. Second, I was … [Read more...]
How to Get Free or Low-Cost Health Insurance in Retirement Even if You Have a High Net Worth
With open enrollment right around the corner, I've been thinking quite a bit about health insurance. And since I get a TON of questions on the issue, I know many of you are thinking of it too. That's why I've already posted ideas on how to save money on medical costs. It's also the reason for this post, which discusses how people can get low-cost or even free health … [Read more...]
How to Save Money On Medical Costs
The number one question I get BY FAR about retirement after "How did you do it so young?" is "What do you do about health insurance/medical expenses?" It's a big issue for many in America because our medical system is so messed up. Look at it this way: millionaires are worried about health care costs in retirement. If it's an issue for them with all their assets, how does … [Read more...]
How to Save on a Wedding
On my first blog I posted money saving tips frequently. That was back in my wealth-building days when I was trying to reach financial independence and saving was a big part of our plans. Naturally I wrote about it since that's what we were focused on. I covered almost everything possible when it came to saving money, but one topic that I loved to rail on back then was the … [Read more...]
The Case for Spending More
I've been considering the topic of spending lately. But not in the usual "you're spending too much" line of thinking I've written about for so many years in posts like It’s the Spending, Stupid. These days I'm actually pondering how I can spend MORE money. Yep, you read that correctly. I'm considering spending more, which falls within the spirit of my post titled If … [Read more...]
Did Being a Country Boy Help Make Me Wealthy?
When I work out, I always listen to music. I've tried listening to books or podcasts when exercising, but it just doesn't work. I have to count (reps) or strain (lifting or cardio) and my attention on anything anyone says is gone. When I've tried a podcast or book I end up constantly rewinding which makes for a very frustrating experience. So music it is. I listen … [Read more...]
Spending Less Versus Earning More
If you've been reading personal finance articles for more than ten seconds it's likely you've heard that you need to "spend less than you earn." But it goes way beyond that. That's just the soundbite. A bit deeper there is a lot of online discussion about which is more important to financial success: spending less or earning more? It's an age-old money debate, similar … [Read more...]
