Mundane Monday, Actually a Different Monday

The family at Mom and Dad (Donna and Buford) Bryant’s 60th anniversary. They were married 62 years, right before Buford passed. Donna passed just a bit over a year after Buford.

Nothing really earth shattering to report today. Nothing useful financially, either.

Just me typing away, as we wind down a trip up to the kids’ and for my wife to deal with her Mom’s estate.

It’s been bitter sweet.

We got to see our kids and my Wife’s Sister and her Husband.

We also got to move stuff out her my In Law’s house. My Mom in Law is the last of our parents to go.

Now my Wife, Me, her Sister and our Brother in Law are the oldest in our families. Our Brother in Law and I lost our folks years ago.

It was also bitter sweet in that the two girls, and three grandkids, inherited a little bit of money.

Which we would trade to have the In Laws back.

So, it’s the night before we head 330+ back down to South Central Texas.

We’re tired. We’ve laughed. We’ve cried. We’ve loved.

And we know that money isn’t everything.

Spend time with your loved ones.

Take time for yourself.

Don’t let your job or pursuit of money get in the way of living.

Work to Live. Don’t Live for Work.

Until next time, Peace!

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The Weekly Fav 5: Five Great Financial Posts You Should Check Out

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Hey, Money Buddie$!

It’s been a while since the last Weekly Fav 5. Things have been a bit rough around here. In the last Fav 5 I shared that we had some Hurricane Harvey damage. Just a bit over a week later my Wife’s Mom passed away.

With that, I needed to back away from a few things and focus on us. We’re on the mend. I’ve still got some work to take care of around the place, and Selena’s handling her Mom’s passing pretty well.

Time to get back to as “Normal” as possible.

With that, here’s the latest, although delayed Weekly Fav 5.

There’s some great stuff here!

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The Best Place to Buy College Textbooks OnlineThe Best Places to Buy College Textbooks Online (The College Investor)- It’s been a LONG time since I’ve bought college textbooks, but I know they’ve only gotten more expensive, so here’s a resource to help you and your loved ones not spend so much.

You know that they say about textbooks? “They’re not published to provide for education, they’re published for making money.”

So, don’t spend any more than you have to.

 

If only I had . . . Financial success tips that would have made me so much more successful with my personal financial planning. Oh well, at least you can learn from my financial mistakes.12 Financial Success Tips I Wish I Had Learned In High School (Amy White at Daily Successful Living)- I can SO relate to this post. There’s so much that I’ve had to learn on my own. Sure wish I’d learned thes 12 tips in high school, or at least in my 20’s.

Well, better late than never.

#1 is my favorite, followed by #5.

 

 

Image with Text "5 Actions To Improve Your Finances"Improve Your Finances With These 5 Actions (Steve Goodwin at My Family on a Budget)- So, who doesn’t need to improve their finances? Well, probably folks with tons of money and no chance of blowing it all.

As for us “Normal” folks, there’s definitely room for improvement. You’ll find some good ideas here.

I especially like #5.

 

 

Am I too late for early retirement?Am I too late for early retirement? (Sarah at Enrichmentality) – Retirement. It’s a word that folks often use, and many times in conjunction with the words “I’ll Never.”

Other folks are sure of retirement and there some out there that are determined to retire early.

Here’s some great info on different strategies.

 

best finance appsRockstar 360 Report: The Most Popular Financial Apps! (Rockstar Team at Rockstar Finance) – I’m not one to use apps. Not that I’m not capable or have the desire.

I don’t have a Smart Phone. I keep telling myself that I need to get one, but I haven’t been able to justify the cost.

For you folks that have them, here’s some options that the folks at Rockstar Finance recommend. I’ll bet you’ll find something useful here.

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Well, there’s a “Tardy” group of favorites. I know that you’ll find something useful out of the bunch. Let me know what your favorite was, or if you have a post to recommend.

Until next time, Peace!

Shin

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4 Things That Matter More Than Net Worth

Net worth has become a popular way of measuring your financial success. For those of you who aren’t familiar with it, net worth is calculated with a simple formula:

Total Assets – Total Liabilities = Net Worth

Total assets include things such as cash, investments, retirement savings, house, car, jewelry, etc. Liabilities include various forms are debt such as credit card debt, mortgage, car loan, student loan, etc. Add up all forms of assets and subtract all forms of liabilities and you get your net worth.

While this is an effective calculation for a comparable financial status, it is not the ONLY thing that matters. Here is a list of some other, and in my opinion, more, important things than net worth.

Lack of Debt

Not all debt is bad debt, but surely having no debt at all is the best option. No debt means no interest payments, so you’re not paying back more than you spent on something. Not having debt means that when you have extra money, you can spend it how you want rather than use it to lower your debt.

You want to have a low debt-to-equity ratio and you want to live within your means. Having no debt means having freedom, which surely freedom is better than net worth, right?

Retirement Funds

You might have a large net worth, but if you don’t have assets that can get you through a comfortable retirement, who cares? I, for one, don’t want to spend a majority of my life working extremely hard to get to retirement and find out I am going to have to continue working because I don’t have enough money put away.

More Liquid Assets

Having a majority of your net worth tied up in something like a car or a house isn’t the best option. Cars depreciate in value very quickly, so if you had to sell it you wouldn’t even get the amount you paid or even the amount it is truly worth at the moment.

Having your money tied up in a house is tough because 1) you need a place to live, 2) home value can be very hard to pinpoint until you go to sell and 3) when you sell your house, it takes a while for everything to be settled and you to get your money.

Happiness

To me the most important thing, far more important than net worth, is your happiness. Who cares how much money you have if you aren’t happy? I personally don’t care as much about my net worth as I do about having enough money to do the things I love, like going on vacation and going out to eat.

Doing things I love that cost money means less money in my bank accounts/investments and, therefore, a lower net worth. Even better than doing the things I love that cost money is doing the things with the people I love, which are often free, like going for walks with my husband and the dog or watching a movie on the couch at home. I’m a firm believe that money can’t buy happiness (but it can make things much easier!).

All this being said, building your net worth is still important. The proponents that make up the formula to net worth are all very important. You always want to work towards building your assets and you always want to work towards lowering your liabilities.

Save as much money as you can; invest your money wisely to generate greater returns; grow your retirement funds; don’t charge more than you can afford to pay off; don’t take on a mortgage that is so large you can’t continue contributing to savings each month; pay off your debt as fast as you can. This is all extremely sound advice that is beneficial on its own and simultaneously increases your net worth. Just keep in mind that there are things that are more important than net worth.

Do you think that net worth is the most important financial metric?

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Mon(ey)day Musings: If You’re Not Getting Enough Hours and Money, Why Not Find a Better Job?

I was scanning through Facebook this morning and a Facebook Aquaintence’s post came up.

Now, I don’t read every post, but rather skim the first few words to see if they are interesting enough to read.

This one was.

“Y’all tell me if this is k..! The Dm here over cuero pizza hut is cutting the employees hour’s bc this store’s not making enough $$ bc the buffet is broke down and they don’t wanna fix it . Why should we have to lose hours which equals our lively Hood?”

I had to read it twice to make sure I really understood what she was saying.

I’ve never met the lady personally, as she is the friend of a Facebook friend, but I’m always open to widing my circle so that I might share some good stuff that will help others get ahead.

From what I know, she is a single mom and her job is at Pizza Hut and she’s not getting enough hours, thus not making enough money, so she tosses it out on Facebook.

Now, Cuero is not a large town, but there are other businesses in town and within driving distance. Pizza Hut is not the only employer.

In fact, we now have a very nice new HEB, Tractor Supply, Walmart, other restaurants, and numerous other businesses.

Pizza Hut is not the only place that highers people.

The first response to her post was, “That’s definitely not fair to the employees but I guess that’s just how those things go some time. Hope things get better for ya there girl!”

I responded with, “Check into Indeed.com, and other sources, and find something better. When a door closes, another one opens.” Yep, I included the link to Indeed.com.

Other responses included: “Girl go to Bush’s chicken their hiring.”  and “Subway shld be hiring too we need someone.”

Please note, that I copied and pasted each comment right off of Facebook, so the errors are not of my doing.

The young lady has yet to reply to any of the responses, so I don’t know how she took to any of them.

It was interesting to see the level of support given. One comment was about the unfairness of the situation, two were directing her to other Fast Food franchises, and mine was suggesting that she look for a better job.

Not to change the subject, but early in the morning my wife and I were on our daily 2-mile walk, when we came upon a local rancher who was walking his soon to be fence line.

This gentleman bought 66 acres that butts up against our place with the intention to run cattle. Shortly after his buying the land he called me wanting me to split the cost of putting up a new fence between our properties.

My wife and I don’t have cattle. Our 408 acres is unofficially designated The SnK Wildlife Reserve, were we practice wildlife conservation, managing for Texas Natives and Migratory Species.

I told the Cattle Guy that we didn’t need a fence, as we only had two horses and the wildlife that runs free. He said that with the horses we needed a new fence. I told him that the horses were not interested in pushing through the rickety old fence as they have plenty of grass.

So, this guy has had this land for almost a year now, still doesn’t have it fenced and therefore no cattle on it. It’s not making him any money.

Back to the morning walk. My wife comments, “He must be one of those folks with more money than sense.” I chuckled, and then a thought popped into my mind, which I voiced. “You know, you’re probably right, and there’s thousands of folks out there that don’t have both enough money and sense. They spend what little they have on stuff that will never get them ahead.”

When we first got married, I was a college student working on my teaching degree. All my life I knew that I was going to have a degree to get a job that would pay more than minimum or slightly higher wage.

I also learned in high school that I was not going to have a career pouring concrete, or work in a factory. I did both during a couple of summers and when I suffered concrete burn and heat exhaustion.  I knew that I was going to work in a climate controlled enviornment.

Well, it almost completely happened. I was a shop teacher and one of my shops did not have AC. Luckily, my office and classroom did, so I could always escape to cooler air.

Any way, I’ve had good paying jobs over the years and we’ve only had to get by in our first few years of marriage.

It amazes me how people are willing to settle for not enough, or just enough.

“Y’all tell me if this is k..!”

Her opening line indicated that she wanted her friends to validate her frustration and feel bad for her. She was not asking for help or guidance.

There was no way that I was going to chime in with the “You Poor Thing” comments, or tell her to get the same level job.

Yeah, I’ve been told that I’m a little harsh at time, but I was never the “Pamsy Wamsy” counselor that said things just to make students happy and get them out of the office. Nope, I’ve always told it as I see it.

You don’t like your situation? CHANGE IT!

If you have more Month than Money, you need to fix it. Get a better job, or find a Side Hustle. There’s no other solution.

Your employer doesn’t owe you anything other than a safe working environment and the minimum wage that the government requires. That’s it. Hours are up to them. Your work schedule is up to them.

Don’t like your job, hours, or wages? Go get a better one.

Sorry this wasn’t a helpful, chock-full of resources posts, but it’s one that came to mind and I decided to write about it.

The neat thing about blogging? Bloggers get to write what they want to.

Well, I’m getting things back in order and plan to get back to writing more productive posts and ramp Money is not Taboo to a higher level financial resource website.

I’m scheduled to attend FinCon later this month and I am JAZZED to know that I have the chance to meet J. Money of Budgets are Sexy and Financial Rockstar, as well as Melanie Lockert of Dear Debt, and numerous other folks who are spreading the word of Financial Literacy.

Yeah, it’s okay to talk about it, because Money is not Taboo.

Until next time, Peace! Shin

 

 

 

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So, is Money is not Taboo a Bounce House?

 I think I’m not doing things right.

When I look at Money is not Taboo’s stats, I see a lot of landings on the welcome page and then a few posts, but not many, and there isn’t much dialogue.

Which is surprising, as there are some great posts here.

 

Now, I can understand my posts. I was a shop teacher in my career, not a journalist, although I tought journalism. Nor was I an English teacher, so my posts are not the best, but MinT has other writers with great views.

I’ve asked folks to give me input and I’ve gotten very little. I did get some great input Derek Sall of Life and My Finances the other day.

I need to work on the visual appeal of Money is not Taboo, work on the content, and heavily promote the content.

I’m going to work on all of those.

So, there might be some lag time before you see the next post, update, web edit, etc. on Money is not Taboo.

Sometimes you have to punt, then get the ball back.

With Hurricane Harvey hitting us, and the passing of my Mom in Law, I think I’m going to punt. I’m going to take a little time off. I’m going to let defense take over.

I hope that my contributors and others will be willing to jump in, but for me, I’m going to focus some other stuff for a while.

It won’t be a long time out, as I’m booked to be at FinCon in October, but I’ve got numerous other projects in the works, such as cleaning up after Harvey, and I’ve got family to heal with.

I can’t sit idle too long.

I’ll be back soon and we’ll see where Money is not Taboo goes.

So, do you think that Money us not Taboo is a “Bounce House” where folks just bounce and then bounce out?  I’d love to hear what you have to say about the site and the content.

Until next time, Peace!  Keith “Shin” Schindler

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