Personal Update 1, January 2020

Welcome to 2020.  I hope that all of you are achieving all your goals and have mapped out a plan for the year ahead.  Things are starting out well for me.  With the record highs in the markets my portfolio is sitting at near highs as well.  I’ve also seen some more debt reduction since […]

Financial Moves to Make in a Low Interest Rate Environment

As a bit of a follow up to my article on retirement and low interest rates, I’m going to discuss a few smart money moves to make in a low interest rate environment.  We’ll call these short to mid-range time horizon moves since we are playing on rates.  Rates can and do change, but it […]

Personal Financial Update. Part 3. DEC 2019

2019 is already over.  This year seemed to fly by.  Since this will be my last personal update of the year it is a good time to look back and review 2019 from a personal finance standpoint. Wealth Building 2019 was a very good year for my portfolio.  I’m up just over $70,000 for the […]

How Low Interest Rates Can Affect Retirement

Have recent interest rate cuts impacted retirement?  The short answer is yes.  Things can get complicated, but low interest rates do have long-term effects on the economy and could alter your retirement planning. Retirement Income One of the most obvious short-term effects to lower interest rates is a decrease in income generated from CD’s and […]

Building a Stone Veneer Wall at Our Camp

I’m posting a mid-month update. No changes to assets or debts since the beginning of December, but on a personal note we just finished up a rather significant project at our camp. I figured I’d share some of our progress and take a little break from the normal personal updates that I’ve been posting. If […]

Average Net Worth by Age

What is your net worth?  How does it compare to others in your age group?  What can you take away from these numbers?  Tracking your net worth can help keep your personal finances in check, since it measures your overall portfolio value and not simply your income.  You could have a high income, but if […]

Personal Financial Update, December 2019

It’s hard to believe that it’s December already and that there is less than a month left of 2019.  The year went by fast, but a lot was accomplished during that seemingly short time span.  Christmas shopping has begun, and it’s being cash flowed as planned.  Plans are being made to visit family, attend a […]

Should Personal Finance be Taught in School?

Should basic personal financial literacy and skills be taught in school?  It’s an interesting idea and one that I happen to support.  There is a growing movement to implement such classes in school.  A quick Google search will pull up commentary from financial gurus, financial websites, colleges and universities, and parent and teacher groups all […]

Vacationing on a Budget

We recently returned from a 10-day trip out west. We hiked in the Nevada high desert, went to Lake Tahoe, stayed a few nights in Yosemite National Park, sat in hot springs in the California Mountains, spent 3 days in San Francisco, visited the Red Wood Forest on the California coast, and hiked in several […]

Personal Financial Update, NOV 2019

November is here and with it comes the falling leaves, chilly nights, and shorter days.  They are calling for snow showers in the next few days. I bought oil for the tanks to keep the furnace running, and I got a load of firewood for our camp for the winter.  Hunting season is fast approaching […]