Holiday season financial ordeal 

Holiday season financial ordeal 

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The holidays are coming up which is known for travel, food, shopping, and presents. While the holiday season is supposed to be a time of celebration it can also feel like a financial burden. Whether you are taking time off, traveling to different cities, buying presents for everyone in your family, or just shopping for yourself, many things come with a price tag. Below are examples how I tackle the holiday season financial ordeal.  Traveling  If you are traveling by…

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Stay healthy to stay wealthy

Stay healthy to stay wealthy

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Staying healthy is a long term goal for many of us, if not all of us. How often do you go to the doctors? How about specialists? How often do you have to pick up a prescription? The more doctor visits and prescriptions you take, the more it costs you. Whether you have a deductible to meet or having to pay co-pays for every visit, this can add up. I’ve had my share of medical expenses in the past. Even…

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Fed cuts interest rates

Fed cuts interest rates

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Today the Fed cut interest rates by a quarter point. They had already alluded to having another cut. What does lowering interest rates mean? Depending on your financial position, it could be a beneficial thing or not a beneficial thing. As the Fed cuts interest rates by a quarter point, here are examples how this will impact you. Lower mortgage interest rates If you’re in the market to buy a home and have to take out a mortgage, you’re in…

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Benefits of a pension

Benefits of a pension

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Pensions are a great benefit to receive after you retire. Not many organizations offer pensions anymore. It can get very costly. If you do get a job that offers one don’t take the benefits of a pension lightly. Pensions is a powerful tool to attract workers because it is rare and to keep employees at an organization until they retire for longer retention. If you join a company or organization that offers a pension at a young age you may…

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Don’t waste time 

Don’t waste time 

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What’s the one thing that you don’t have a lot of and you can’t control? It’s time. You can’t speed up time, stop time, or slow down time. Time is finite. Your time on this planet cannot be extended. It’s such a limited resource that you don’t want to waste time.   When you hear about the power of compounding, one of the necessary components for your money to grow is time. Compounding money grows over time, not overnight. The longer…

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Tesla experience

Tesla experience

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Not too long ago I purchased a plug-in hybrid vehicle because I wanted to try out how good the electric side of the car is. I loved it so much I decided to get a fully electric Tesla last year. I had the notion that driving a Tesla, an EV car, is going to give me so many benefits such as saving on gas, paying less on maintenance, and helping the environment. In my previous posting, I highlighted how much…

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Susceptible to events 

Susceptible to events 

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The stock market has its waves of ups and downs. Many factors can affect the market’s direction. Economy, labor market, inflation, unemployment, political, and health news are just a handful of examples that can affect the stock market or individual stocks. Another recent example that everyone probably remembers is the covid lockdown and how the stock market temporarily crashed. As I’m writing this article, McDonald’s came into the spotlight with a potential health matter, e.coli, that hospitalized a number of people…

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My First ETF Purchase

My First ETF Purchase

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My last article I wrote about index funds and ETFs. These vehicles make it easier to invest in a broader scope than purchasing individual stocks. I’ve been a long time individual stock investment type of person and I’ll still continue that. After doing some initial research into ETFs and index funds, I decided that I will start investing with my first ETF purchase. An ETF is like an index fund except that it’s traded throughout the day like an individual…

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Index Fund and ETF

Index Fund and ETF

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There’s a lot of information folks are talking about and encouraging to invest in index funds and ETFs. These are considered as pooled investment vehicles. In other words, these are investment vehicles where you can invest in multiple equities simultaneously instead of having to invest in each individual equity. As an example, if you wanted to invest in the S&P 500, which is the largest 500 companies on the US stock exchange, you could buy shares for each of the…

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Early Financial Literacy

Early Financial Literacy

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When should you be learning about finances and when do we actually learn about finances? When I was growing up no one taught me directly about finances. I grew up watching my parents how they handled money with their own a small business and seeing how they operate it. I learned how to count cash, write checks, and deposit cash and checks. A little bit of accounting you can say. This was great exposure but it is just the tip…

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