Photo by Sophie Smith That’s a very interesting question. In my Post #32, I outline the cost of buying a 2019 BMW 3-series vehicle. Instead of using the conventional approach of calculating the cost of the vehicle using just the initial cost of the vehicle plus the cost to finance Read more…
Photo by Roberto Nickson In my mind, I always knew that buying a brand new luxury car was a terrible use of money. I obviously knew that I was making a significant monthly payment that was not only drastically depleting my current net worth by taking money out of my Read more…
Photo by Maurits Bausenhart I’m at a certain age that I’ve developed a pretty keen understanding over the years of how to build wealth. I’m also of a certain age that there weren’t many books on the subject and the early “Gurus” in personal finance that are fixtures today, such Read more…
An old friend of mine from college caught up with me the other day. I hadn’t talked with him in well over a decade as life happened to get in the way. It was truly a pleasure to have had the opportunity to catch up with him and to hear Read more…
Photo by Joe deSousa We all tend to be unaware of many of our own actions and why we make them well into adulthood. Even though we can suggest that we formed our opinions and behaviors about money from our parents to a large extent, we have to at some Read more…
A couple of blog posts ago, I started a series titled Your Money Mindset: Thoughts That Are Keeping You Broke – Part I. This is obviously the second installation in that series but what isn’t so obvious is that this post probably should have been the first in the series. Read more…
Before I was financially comfortable, I used to hear wealthy people say that it was my Money Mindset that was keeping me broke. I also used to think that it was easy for them to say that, they were rich! In other words, I thought what they were saying was Read more…
Photo by Christian Lambert In the depths of the US stock market plunge back in March, a variety of financial articles were written that proudly proclaimed that the upstart Financial Independence (FI) movement was finally dead. To pile on, a handful of well-known personal finance personalities echoed the sentiment that Read more…
Although many individuals dream of being able to retire in 10 years, few individuals that I interact with that have had these dreams actually have sat down and did the math. However, had they actually sat down and gone through this exercise for themselves they would have found something incredibly Read more…
I get asked quite frequently “How do I build wealth at any age?” … and then they add a specific age. My initial response is usually the same regardless of the age of the person asking the question or when they might be considering retiring. My response outlines a basic Read more…