How many credit cards should you have?

How Many Credit Cards Should You Have?

How many credit cards should you have? There is no one size fits all answer to this question. If you have a lot of debt that you are trying to pay off, or if you struggle to keep a strict budget, then the answer in your case is to have zero credit cards. … [Read More...]

Investing

Gold Buyers Checklist

Thinking About Investing in Gold? Check this Gold Buyers Checklist First.

If you are thinking about investing in gold, then there are a few things that you need to consider before making your purchase.  I’ve made a gold buyers checklist to cross out before you buy.  Please note that whether or not gold is a good investment, or … [Read More...]

Infographics

debt monkey infographic

Midweek Infographic – Attack Of The Debt Monkey

I previously posted about the number of Americans in debt. There are far too many people who carry over balances each month whether it be credit cards, personal loans or student loans. Not only do American citizens borrow far too much, but the government also … [Read More...]

debt is bondage

Credit Card Reward Stacking

Credit card reward stacking is a concept to stack multiple offers to receive the most savings possible on your purchases. Using your credit card to earn things like cash back, airline miles, or hotel credit can be a smart financial strategy. But there is a way … [Read More]

Corn hole board project during lockdown

Personal Reflection for June 2020

It’s hard to believe that it is already the middle of June. This personal reflection for June 2020 is going to be some random thoughts and events that have been going on in my life. I’ll save a financial update for another time, since not much has changed … [Read More]

sometimes it's better to keep money out of the bank

What is a Negative Interest Rate?

What is a negative interest rate and how do they work? A negative interest rate is an unusual and extraordinary monetary policy whereby a central bank or private banks charge a negative rate. The result is that you will be charged a fee to hold money in the … [Read More]

Personal Financial Update June 2020

Personal Financial Update June 2020

June has arrived and with it my personal financial update, June 2020. Our pool is open, the garden is planted, and we were able to do our first kayak trip of the season on the river near our cabin. The world is still in turmoil, as the coronavirus is still … [Read More]

Assets that Increase Your Net Worth

  Buying assets that increase your net worth is a key strategy to building wealth. There are nearly endless assets that you can buy that will help you increase your net worth. I’ll narrow it down to a few of the more common ones that the average … [Read More]

Nike Air Jordan 1s

Michael Jordan’s Game Shoes Sell for $560,000 at Auction

A pair of Michael Jordan’s game shoes sold this past Sunday at Sotheby's New York for $560,000.  A sum that is higher than Jordan’s rookie year salary of $550,000. Bidding began May 8th for the Jordan Air 1s. The actual time frame of when the shoes were worn … [Read More]