Can We Take Frugal Too Far?
- Created on 10 August 2015
I've been hitting the bitty birthday circuit hard this month. We've attended a first birthday bash, a four year old swim soiree, a bounce and jam fest for a five year old, and we have plenty more to go in August alone. In addition, WonderMan and I celebrated 13 years of wedded adventure this month. Let's just say - we get our celebratory mood on in August.
I love getting together with friends and family. It's a great reason to prioritize fellowship. However, the expense associated with celebrating milestones has my personal finance mind in overdrive.
How to Create a $300,000 in the Bank Attitude
- Created on 07 August 2015
Maarten van Lier heard an off-the-cuff comment from a co-worker shortly after arriving in the United States from the Netherlands.
His co-worker expressed a lack of concern with the idea of losing a job because he had $300,000 in the bank. Maarten took that to heart.
Maybe we should too.
In 2000, Maarten and his wife looked at their financial situation and drew a line in the sand. The van Liers decided they wanted to have a million dollars in 10 years. It actually took them 13 years, but who's counting.
7 Tips to Build Your Debt Freedom Chain
- Created on 05 August 2015
In a previous post I mentioned a new challenge - Don't Break the Chain to Get Out Of Debt - I'm trying to add sizzle to my health improvement goals. I took it from a guy who took it from a guy who took it from Jerry Seinfeld. See, we're already building chains.
In a nutshell, if you want to improve in an area use repetition and tracking as a tool to build progress. In my case, I want to drink more water regularly. This month, I'm tracking my 3 glasses a day water consumption using a calendar in Google drive.
I have to say after on 3 days, I'm very conscious of starting my day with a glass, getting another in around lunch, and ending the day on a refreshing note.
Not breaking the chain is golden. However, building the chain may be a bit of a challenge. Let's review the following steps to use the chain approach to be on your way.
How to Break the Cycle of Living Paycheck to Paycheck
- Created on 03 August 2015
Here's a typical scenario for people who aren't proactive with their money.
For those with direct deposit:
On pay day, money is deposited into their account. They now have the green light to spend, save, or give. Many choose to spend as if they've won the monthly income lottery that will tie them over until the next monthly income lottery without taking care of their needs first.
Don't Break the Chain to Get Out Of Debt
- Created on 31 July 2015
Recently, I sat in on an unexpectedly excellent seminar on productivity. We all want to squeeze more action out of the finite amount of time we have each day. Well...I do anyway.
So the gentlemen (whose name escapes me) shared an interesting tip he picked up from a guy who knew a guy who asked Jerry Seinfeld a critical question. Yep, Jerry Seinfeld from the cult classic, 90's favorite TV show.
This guy, who knew a guy asked the comedian how to write better jokes. Seinfeld's response - "Don't break the chain."
Let me explain.
Is Home Ownership Still Worth the Hassle?
- Created on 29 July 2015
I've run across a few trends on home ownership lately.
Home ownership is at the lowest levels for the 18-35 crowd in the last 40 years.
The midlifers (35-50) were likely most impacted by the housing bubble and have cooled the most on the idea of mortgage mania.
Overall, every demographic category is down and rents are on the rise. Yay for landlords.
Is this a bad thing?
Are Friends Frustrating Your Debt Free Dreams?
- Created on 27 July 2015
"You are the average of the five people you spend the most time with." Jim Rohn
Jim Rohn is a motivational speaker and credited with this nugget of interestingness. I can’t say it’s scientifically accurate, but for me it passes the smell test.
Giving Jim the benefit of the doubt, have you ever done an audit of your associations?