Archive | December, 2013

Washing Money

29 Dec

 Washing  Money My friend (no real name given to protect the victim) let’s call her Anne, recently purchased a new LG front loading washer and dryer after her 15-year-old washing machine failed.  $2,092.07 later, Home Depot delivered and hauled off the old working dryer and broke washing machine.  Prior to this purchase, I pled with Anne to […]

Run The Numbers

22 Dec

  What are the impacts of the choices you are making, specifically the financial choices?  Or are you just going through life not thinking about them. Did you understand the interest on that 30 year mortgage is 3 times more than the amount you borrowed when you signed your closing documents?  Could you have re-positioned […]

Fuck the Joneses

16 Dec

  Let me save you some time,  as time is our most precious asset. Someone will always have more money than you.  They will master a bigger pay check with more vacation time allowed than you do.   They will visit beaches and sip fufu drinks while watching sunsets that you didn’t get to enjoy.  Someone will always have a nicer car than you do.  They will  possess the latest widget4  just as you post to Facebook that you just bought the widget3.  As a matter of  fact, that  ’SUPERIOR’ package of  785 TV channel subscription waste of  life you just purchased, […]

Income explained

13 Dec

Income Explained

 Income Explained   Webster’s dictionary defines income as money that is earned from work, investments, business, etc.  For the majority, when we think of income, it is the type that gets direct deposited into our checking account from our employer (Earned Income).  In order to speed up your path to financial freedom/early retirement, you need to focus […]

Reverse engineer your expenses

12 Dec

 How much would you pay today to never have to pay your monthly Netflix bill anymore for life?   $100, $200, $500, $2500……….   The Netflix monthly subscription is $7.99 per month. How about your family’s monthly food bill that averages $500.  Would you pay $9,500 today to never have to buy food anymore for life?  Or would you pay $24,000?  Maybe $56,000? […]

Swipe, pin, enter, no cash back

11 Dec

 Swipe, pin, enter, no cash back  At first so loyal, so much promise. How did they know he needed this new shiny shovel?  It must dig better than the three he already has!  As soon as he held it in his hands it was destiny.  Swipe, pin, enter, no cash back.  $27.92 gone.  It was easy.  Did that […]

Reframe your thinking, shift your perspective

9 Dec

Reframe your thinking, shift your perspective I am going to ask you to become uncomfortable.  Uncomfortable with the financial education/advice you have been taught by companies, financial advisors, teachers, friends, family and the media.  I want you to get mad that you have been misled by a lot of the information these folks have pushed […]

Crossover Point

9 Dec

The crossover point In order to retire early, you must understand the crossover point.  This is point that your investment income exceed your expenses.   Once you have reached this point you are Financially Independent (FI) and no longer need to work.  Welcome to retirement, it’s yours. Example: My family’s expenses are $5600 a month.  My […]