Blog

Yesterday, when I was checking the mail to see what type of junk the postman delivered, I noticed a letter from Sirius XM Radio.  When I opened the letter, it was for my subscription renewal.  I have the Sirius XM All Access Plan.  The total that I owed was $273.  That was for the base price of $239 and $34 for a music royalty fee. Wait, I know what you are thinking.  This guy has a blog about personal financeRead More
INTRODUCTION You cannot manage a household or do much of anything in this world without the input of money. There are so many people who lack the financial means to live and enjoy a high-quality life.  Money is what stands in the way of them acquiring their needs or wants. When there is a problem, various solutions will be thrown up. Welcome to the world of Peer-to-Peer Lending (P2P). DEFINITION Peer-to-peer lending is legal andRead More
Can you travel when you have credit card debts? Some individuals will say this is a bad financial move. You should think about saving money instead of planning a vacation. You need to think about the ways to pay off debt. But is it true? Let’s find out. I don’t feel that it’s irresponsible to travel when you have credit card debts. You can travel and pay off debt simultaneously. You just need to beRead More
“A man who conquers himself is greater than one who conquers a thousand men in battle”. – Buddha As of late, I have come across the topic of locus of control a couple times.  During a strategic planning meeting at work, the Vice President of HR mentioned that we need leaders who have an internal locus of control as part of the committee that will be implementing our new strategic plan for our health careRead More
They say that a boat owner has two happy days.  The first happy day is when they buy their new boat.  The second happy day is when they sell it.  That is based on the initial elation of having access to many bodies of water that are otherwise not available without a watercraft.  The costs tied to boat ownership, however, eventually erodes that elation over time. I have nothing against boats.  My friend has a bass boat.  I have spentRead More
Many of my friends know that I truly enjoy living a frugal life, investing, and working toward financial independence.  Most of my friends, however, do not share the same passion for personal finance the way that I do.  They all like what money provides, but they are more focused with other interests. Over the years, people have asked me to set up their work sponsored 401K.  Others have asked for help setting up an IRA for them.  Some haveRead More
If you live in the Northeast and enjoy amusement parks, you should consider visiting Knoebels Amusement Resort.  My wife and I recently had the opportunity to visit this gem of a park located in Elysburg, Pennsylvania for a family outing.  Knoebels Amusement Resort is a wonderful park nestled in the Endless Mountains in Central, Pennsylvania.  Knoebels is located about 13 miles off Interstate-80.  It is about a 3-hour drive from New York City, a 2-hourRead More
Albert Einstein said that compound interest is the 8th wonder of the world.  He who understands it will earn it, and he who doesn’t will pay it.  If compound interest is the 8th wonder of the world, then I feel that the power of a dual income couple is the 9th.  Being in a dual income couple can be a powerful wealth building partnership if managed correctly. At my first full-time job, I worked withRead More
No matter how old you are, it is never too early to start investing. Whether you are in high school, college or just finished school, now is the time to start putting money toward securing your financial future. The good news is that it is easy to start investing no matter how much you have to invest, what your risk tolerance is or what your goals may be. How Do You Start Investing? The firstRead More
When I was growing up in the 1980’s, it was common to receive an EE Government Savings Bond for a gift.  My relatives would get them for me for my birthday, when I received a sacrament at church, or for a holiday gift.  At the time, I would have much preferred a video game or almost anything other than a savings Bond. Looking back, my relative’s choice in gifts had my best interest in mind. Read More