A good friend recently told me that when his father passed away, he had no will or a trust in place. As a result, for the past two years, my friend’s deceased father’s assets, including his properties, have been in the probate court system – across multiple states. The financial cost of attorney and court…
During Year 2 of COVID, I was fortunate enough to expand my focus on multiple streams of income. This fueled a savings rate of 17% (not including retirement contributions), and helped increase my net worth +28% in 2021 compared to 2020. Net Earnings Overview I consider Giving, Taxes, HSA Contributions, and 15% gross salary Retirement…
With COVID-19 greatly reducing opportunities to travel, visit relatives, dine-out, and enjoy various forms of entertainment, I focused my attention on earning and saving in 2020. Through frugality, expanding multiple streams of income, and because my main 9-5 job was not negatively impacted by COVID-19, my net worth increased +38.9% in 2020. Net Earnings Overview…
It’s valuable to approach investing holistically. Growing money is important, but so is growing in the areas of the spiritual, physical, educational, and recreational. The purpose of this post is to focus on fun memberships that enable couples/ friends/ families to enjoy time together while paying a flat membership fee. Other benefits include physical activity,…
2019 was the first year that I had a decent percentage of my net income (8.8% to be exact) come from sources other than my work salary. Increasing this percentage while diversifying into multiple income streams will continue to be a chief financial goal for 2020 and beyond. Net Income Allocation Breakdown I consider Giving,…
Many items get discounted for key sales days, like Memorial Day, Labor Day, and Black Friday. However, there are certain months where the timing is more advantageous to make specific purchases. January Key Sales Days: New Year’s Day, Martin Luther King Jr. Day Fitness equipment. Capitalizing on New Year’s resolutions, retailers offer deals on fitness…
An envelope, suitcase, or duffel bag full of cash is by far the gift most people prefer. Aside from this no-brainer, the following 3 categories are great ways to show care without contributing to clutter. Consumables With consumables, the recipient can enjoy the gift for a time and it won’t add long-term clutter to…
Once necessities are taken care of – like getting out of debt, having a solid emergency fund, and saving for retirement – the real financial fun can begin. With that in mind, below are 10 fun ways (in no particular order) to spend money: 1. Travel Whether it’s exploring America’s national parks, relaxing at all-inclusive…
If you stay ready, you don’t have to get ready. Emergencies happen all the time, and by the very definition of “emergency”, you don’t know when one will occur. Types of Emergencies Fires Unsafe air quality for days Heavy traffic towards certain directions due to road closures Earthquakes Hurricanes & flooding Heavy snowstorms Often there…