Sequence of returns risk? Sounds like something only old, rich, retired people have to worry about... As long as I save up 25X my annual expenses and hit my FI number, I never have to worry about money ever again, right? Wrong. Sequence of returns risk is the No. 1 risk that can cause early retirees to run out of money. So pay attention my young FIRE friends... this stuff
Money Management
The “Great Wealth Transfer” Has Begun …
This article is about The Great Wealth Transfer. But before we get to that, a quick hypothetical question to help me explain why this is so important ... What would happen if you took all the money in the world and split it up evenly across all the people in the world? Let’s say there’s $360 trillion in ‘wealth’ floating around the world right now, and we divided it up
The 100-Day Financial Goal Journal!
Morning, friends!!! Welcome back to everyone who wasn't scared away from yesterday's post! ;) One of my favorite Canadian bloggers just released an AWESOME new money journal out there, and wanted to make sure y'all were aware of it as it looks pretty good! And unlike other typical $$$ journals, this one helps you to *hone into* more specific goals to shoot for, and then
Budgets are Sexy? Budgets are NECESSARY!
[Morning! My man 5 AM Joel stops by the blog again today to share his recent thoughts on budgeting through these wild times we're living in... Maybe it's a good time for you to touch base with your long lost budget too?!] ******* I’ll be the first to admit... I’ve been slacking off on my budgeting the past few years. J. Money would be very disappointed in me :( It started
Do you feel more prepared having lived through 2008?
Caught this stat in my draft folder and it hit me harder re-reading it now than it did in November! From a survey by real estate investing startup, Concreit: "Over half of millennials feel "more prepared" for next recession having lived through 2008" Over half! Not bad! It would be interesting to see how these same people are feeling NOW as we're currently in the thick
How’s everyone’s Net Worths going?!
A pretty slick comeback yesterday! But wasn't so hot days earlier when I finally logged in to update it... Here was a live action shot of me at the time, lol: The numbers didn't come out good, but they also weren't TOO terrible?! I think I always build it up WAYYYYY too much in my head that everything's crashing and burning and I'll log into like 50% down
Are you cool with stores going cashless?!
Morning! Lots of talk lately about stores going completely cashless, and wondering where you stand on this? Are you a big cash and coin lover like me, or do you say good riddance to it all?! Here are some of the major pros and cons that are making businesses think twice: Pros to abolishing cash: It's more convenient for everyone It's faster to process
My Fave Reads This Month 📖
Happy Friday!! Been catching a lot of killer articles in the space lately and they're all dumped below... If they spark something for you over the weekend let me know! And also if there's anything life changing YOU'VE seen lately :) XOXO ******* How I Made $39,000 on Wheel of Fortune via Dads and Dollars — "Without going into too much detail, I will point out
How is YOUR pleasure index going? (Hubba hubba)
The AICPA just came out with their latest Personal Financial Satisfaction index (PFSi), and looks like it reached an all-time high of 40.2, suggesting that people are generally *happier* with their finances compared to the past 10 years of tracking. Do you find the same is true for you? I'll hit you with my own set of indexing questions in a bit so you can gauge better,
6 Different Wealth Levels and How They Affect Your Decisions
INSIDE: Here's a great analysis by Nick Maggiulli on climbing the wealth ladder & how affluence increases in steps with wealth levels. Which one are you at? A friend passed me this article thinking I'd enjoy it, and she was dead right so I now pass it onto you! Climbing the Wealth Ladder by Nick Maggiulli If you're wondering why you treat money differently now than you
