How I Really Learned about Personal Finance

How I Really Learned About Personal Finance

Photo by Karolina Grabowska from Pexels 𝗛𝗼𝘄 𝗜 𝗥𝗲𝗮𝗹𝗹𝘆 𝗟𝗲𝗮𝗿𝗻𝗲𝗱 𝗔𝗯𝗼𝘂𝘁 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗲.I grew up in a modest family, and no one had any money, so no one could mentor us on how to handle it. Specifically how to hang on to it. Though I now have several degrees focused on money: Accounting, Finance, and Tax. I suspect, as is usually the case, my strongest lessons learned were through experience, my own, and those I could observe. My older, now late, brother landed a well-paying, union job with the Long Island Rail Road. He was what you would call a… Continue reading

What Is Your Fire Number?

What is your Fire Number?

Photo by Adrianna Calvo from Pexels Understandably a lot of focus in the FIRE community (Financial Independence Retire Early) is about reaching and determining What Is Your Fire Number. That is the amount of savings you will need to retire and not run out of money. Put another way, it is that point where you can say to the boss something wholly inappropriate or simply resign, retire, or find another job you enjoy more. To find What is Your Fire Number you can put your financial data in a retirement calculator and like many be dismayed just how big that… Continue reading

First Home Considerations

First Home Considerations

Photo by Adriaan Greyling from Pexels A while back my daughter bought her first home. When they were house hunting the Mrs. and I tagged along, and I must admit I was shocked how little $450k bought. I realize that the “times are a changin”. They settled on an 80-year-old 3-bedroom house – they were lucky as the first buyer could not get a mortgage, so the sellers, who had already moved out, were desperate for a quick deal. It got me to thinking about: First Home Considerations” The house like nearly all the homes in this charming, friendly, old neighborhood… Continue reading

The Best Financial Advice I Ever Received

The Best Financial Advice I Ever Received

Photo by Andrea Piacquadio from Pexels Recently I got to thinking about The Best Financial Advice I Ever Received.  My goal is simply to make sure I shared it with my kids and anyone who wants to learn.  In my case, I believe it was teachers and books.Call them Influencer, Mentor, Teachers they all have a special place in our hearts as they helped us down the right path. I remember two of mine vividly, both were old and had learned many of life’s lessons. My college personal finance course professor was seventyish with 10 children. It was well before… Continue reading

10 Steps to Build Your Freedom Nest Egg

10 Steps We Used to Build Our Freedom Nest Egg

If you are reading this blog post chances are you have either decided to get off the earn and spend treadmill or are looking for positive reinforcement on your ongoing journey to build Your  Freedom Nest Egg.  Either way welcome and congratulations you have started on a journey that can alter your future in some wonderful and unpredictable ways.  Unpredictable because freedom from debt and being FI (Financially Independent) opens all kinds of opportunities.     “Many people take no care of their money till they come nearly to the end of it, and others do just the same with their… Continue reading

Budgeting, Saving and Investing to Build Wealth

Budgeting, Saving and Investing

Budgeting, Saving and Investingare like taking control of your health the sooner you start the better.  I am qualified to talk about budgeting because I was a successful controller and financial analyst for many years.  You might say money was my business.  Oh. I have an MBA in Finance and an MS in tax but that didnt make me good with money.  Yes, the Mrs and I have been successful savers and long term investors.“You must gain control of your money or the lack of it will forever control you” — Dave Ramsey There’s a couple of truisms about money… Continue reading