Hey, Money Buddies!
Hope everybody is doing well, and moving forward on a positive financial path. I’m currently reading Retire Inspired, by Chris Hogan. Good stuff.
He hits home with stuff that I’ve been focusing on over the years. I’ll be sharing more about it in the future.
I’ve also been on the phone with a young friend who’s boyfriend is facing possible foreclosure on his house.
Two key elements to focus on in life, retirement and having enough money to make house payments.
So . . . that’s why I bring you the Terrific 10. I can only write so much, and haven’t done much lately, but there are others out there that do. Others who write stuff that can help you retire and have enough money to make your house payments.
There’s great stuff out there that can help you with your finances, so I look for it and share it. Can’t hurt, right?
So, with that, Here’s the latest Terrific 10!!
Crying Over Spilled Milk or What to Do if You Missed the Stock Market Rally (Keith Schroeder at Wealthy Accountant) – Stock Market. I love those two words. Keith shares a great story about his “Gramps,” Doc, who was a millionaire farmer when he died.
Check out the post to get an idea how Doc did it and the other great stuff that Keith shares.
After that, hop over to his website and read more great stuff. BTW- Keith and his Mrs. are AWESOME people to hang with at FinCon. So – o – o – o looking forward to hanging with them in Florida this year.
How To Fund Your Roth… Painlessly (Life of FI MD) – I’ve heard of Roth IRA’s, but don’t have one. Hell, I don’t even have an IRA. My wife does, but she worked in the retail sector. I worked in the state education section, so I have a 403b and a pension.
I digress and redirect back to the actual article. This is a short and sweet read. Doesn’t take much time but is full of great info.
I really love the concept of Separate. Move those investments funds somewhere that you can’t get to them easily, out of your everyday finances. Awesome idea. We did it without knowing it and it WORKED.
Yep, another great read. Check it out!
When it Doesn’t Pay to be Frugal (Money Corgi) – I used to the be guy that tried to do everything myself and wondered why my Dad started to pay other folks to do things that he could do himselt.
This post pretty well sums up why I’m thinking that my Dad had the right idea in having his oil changed and such. Somethings are just not worth our time.
Pretty good read! Short, Sweet, and to the Point.
8 Daily Rituals Most Millionaires Have in Common (I Am One Percent) – Millionaires was a word that identified a class of people that I would never meet, or be a part of the social circles.
I was wrong, I’ve met a number and hung with them at FinCon 2017, and communicate with them here and there. I’d heard of things that they did that was not of the ordinary and have studied a little.
Here’s a good article that shares a number of very key characteristics. You can bet I’m going to adopt a number of them.
My Experience with a Certified Financial Planner (Route to Retire) – This post hits home as the first two “Fiancial Planner” we worked with, were not actually. Turns out they were “Salespeople” and directed us to purchase products that provided them with substantial commissions.
The last one we had convinced us to purchase a $100,000,000.00 Whole Life policy, to “Shelter” investments. This is a story that will come out another time, but I’ll just share that we had to convert the policy to a Modified Endoument Contract, that we can’t do anything with. So . . . .
We “Fired” the two and now work with a Fudiciary, so that we no longer get sold products, but instead our money is managed.
Check out this piece for more info on Jim’s experience.
Are You Missing Out on Free Money in Your Budget? (Mr. Jamie Griffen) – Missing Money, that used to meant money that I had lost somewhere, but Jamie shares that it’s money that we “Missed” in our budgets.
I’ve found some over the years. The main one was our “Tax Refund.” That interest free “Loan” that we provided to the Government. Well, that’s another story for a blog post.
Check out what Mr. Jamie has to say about “Missing Money” and how you might find some in your budget.
My January 2018 Favorites (As Told by Abbie) – I was a new blogger back in the end of 2015, and I remember the days of firing up the first few articles, and what they meant to me. Now, I’m nothing big, for sure, but I enjoy finding “Newbies,” seeing what they have to say, and sharing good stuff.
In this piece, Abbie shares about tools and resources that she’s found to be useful. I think that you will too, so I’m honored to share this piece. Let me know what you think, and check out more of Abbie’s stuff.
Are We Doing Enough To Educate Students About Finances? (Ninja Budgeter) – I was an educator for 27+ years and I KNOW that we didn’t do enough to educate students about finances. In fact I built a spreadsheet to show students the power of compounding interest.
I didn’t learn about money in high school. In fact, I didn’t learn much about money from my parents. Heck, I only really learned about money in my 30’s and I’m trying to teach my 30-ish kids about it. Of course, I have no creditibility with them. Maybe not even with you, but I’m still going to share stuff that I thank is worth while.
Check out Mike’s piece, and see what he has to say. I agree with a ton of his points. How about you?
Preliminary Report on Estimated Tax Savings with the New Tax Law (The Wealthy Accountant) – Do you do much in tax planning, as in reducing your Tax Liability? We do. Each year we meet with our CPA, well out of the the tax season and discuss our thoughts and strategies.
Keith, The Wealthy Accountant, offers some fantastic information in this post.
I can verify that Keith’s info is honest and real, as I got to hang with him and his wife at FinCon 2017. They are as genuine as Keith is brilliant.
Don’t take my word for it. Check his post out and see what you think.
What Personal Finance Advice Would You Give Yourself If You Were Just Starting Out (My Family on a Budget) – Man! I wish I’d had this information back when I was first making money. My buddy, Stevie G., of My Family on a Budget, has some great items to share.
You want to get ahead, or help others get ahead? Then check out Steve’s post.
I REALLY like his point, “Pay Yourself First, As Early As Possible.” You should be your first dept payment, every month.
There’s more great stuff, so you owe it to yourself to check out this post.
Well, that’s JMHO.
Well, there you go, another Terrific 10. It’s been a while since I put a list together, but I’ve got some good ones here. I think you’ll agree, but if you don’t let me know.
If any of these posts ring out, please let me kow, I’d like to see what your favorite is.
Until next time, Peace! Shin