When I look back at my childhood, I wish my parents taught me more about money, the value, and ways to save or invest. I know that in the 80’s and 90’s, it was a different time. Money was harder to come by. Investing wasn’t as easy as opening up a Webull or Robinhood account and start trading. But I wish I had learned more of the fundamentals and foundations earlier on. Train yourself early. I love my parents and…
I tell my children that nothing in this world is free. But is that true? You can find great deals but what if you can go shopping, come out with some items, and not spend any of your money? Jackpot! Free! Free! Free! I’ve have a few scenarios where I received some things at no cost and it’s one of the best feelings. Coming out without having to pay a dime! What’s better than a freebie? ***Disclaimer*** You do have…
Ever ask yourself, why don’t I have enough money even though I have a good wage or just got a promotion? Where’s my money going? You make enough but you need more, why? You’re not alone. Parkinson’s Law says “work expands so as to fill the time available for its completion.” What on earth does that mean? Where did the time go? Have you ever said that when you took a day off or had a plan to do certain…
Some might say that putting your money in the stock market is like gambling. You put your money in hoping to get a positive return. Just like gambling at a casino…you can come out with more money, less money, or with nothing. Gambling is fun. It’s entertaining. But your odds are like 50/50. Not very appealing. But is the stock market a gamble? I’ve been investing in the stock market for a long time whether it was my 401K or…
My daughter was so excited when she saw that Starbucks was having a Buy One Get One (BOGO) offer and she wanted to go and get 2 drinks for the price of 1. I said that’s great and give your brother the second one. Luckily, Starbucks is walking distance from us so she went to get the deal. She came back and said I have something to tell you. Ok, my first question was going to be what drink did…
I like to make references between having good finances and having good health because there are characteristics that are similar and strategies for having good health can also be applied to having good finances. I’ve had major health issues recently and I’m making a change for the better by eating better, knowing what I’m eating, how much I’m eating, and exercising. I lived a lifestyle that wasn’t good for my body and I tried to make some changes here and…
I’ve been having so many good discussions with my daughter. She’s learning that she can’t have everything and she has to prioritize her money spending. She been eyeing to buy a Nintendo Switch but she also wants to buy a skateboard. $400 vs $80. With every decision, there’s more than one path and you have to decide which way to go, left or right. She’s experiencing fork in the road decisions. I said to her that don’t look at the…
This is the question my wife and I have been saying quite a bit lately. Why didn’t I do this sooner? I could have, should have. If only….When it comes to financial planning and early financial independence, you do need to act sooner rather than later. You are thrown into the working world after high school or college, trying to make a living. You’re excited to receive that full-time pay check. Why would I think about saving or investing? What…
I know I know…ain’t isn’t a word but it’s a catchy title. You see an ad or an item on sale, and you tell yourself “That’s something I could use.” Even though you already have something equivalent, you might be thinking wouldn’t it be nice to have the latest and greatest, the newer model. My family and I were driving in the car and my wife asked me if we needed a new strainer because she saw one on sale….
Do you ever think you can turn a hobby into money? Do you like cooking, gardening, taking photos, taking videos, fixing computers, gaming, taking care of kids or pets, fixing cars, collecting items, or have any other hobby? Could you turn your hobby into a profit? There’s a possibility that you could. Early in my childhood, I had a hobby of collecting old money. 30 years later, I still have my collection. Can I profit from my childhood hobby? Here’s…