You Gotta Figure Out Your Why

My WHY is up top.  I wanted to be playing in the desert in January . . . . and February, March, April, November and December.

I live in the Colorado mountains 30 minutes away from world class skiing.  It’s an amazing place to make a life if you can make a living and we made a great living and life there.  But here’s the thing about living 30 minutes away from world class skiing: Continue reading “You Gotta Figure Out Your Why”

The One Word That Makes Everything Easier

There’s one word that makes most things easier for me.  It is the word Today.

I’m not going to spend money on things I don’t need . . . Today

I’m going to take my lunch to work . . . Today

I’m not going to buy coffee out . . . Today

I’m not going to eat sugar . . . Today

I’m doing my healthy morning routine . . . Today

I’m not going to watch TV, get on facebook, or troll twitter . . . Today

What a great word! Continue reading “The One Word That Makes Everything Easier”

I Have a Love-Hate Relationship With My Budget

I have a love-hate relationship with my budget but not for the reasons you would think.

I finished up my 2017 budget yesterday–gasp, yes 11 days later than normal.  My careful readers know I typically spend New Year’s Day updating my prior year spending and net worth and finalizing my current year budget but not this year.  I started working on it in mid-November but sort of forgot that it wasn’t complete.  For me, budgeting is such a given that the lack of a budget has no impact.

I’ve been budgeting for 34 years now.  My early budgets had 4 categories–rent, car payments, gifts, spending (everything else).  I now have 21 categories–I have the various utilities dual home ownership requires and I’ve broken spending down a bit further (vehicle, boat, home improvement etc.).  Doing my budget each year takes about an hour and most of it stays the same from year to year.  My spending budget is the same as it was 10 years ago–I didn’t spend it all then and I don’t spend it all now. Continue reading “I Have a Love-Hate Relationship With My Budget”

Social (in)Security is Complicated!

Many of my younger readers think they will not receive Social Security.  This is because the trust funds are predicted to be exhausted sometime around 2034.

There are many reasons the government will not allow Social Security to disappear.  Social Security payments keep about 35% of older Americans out of poverty and is the principle source of income for nearly half of this group.  It simply cannot go away without destabilizing our country.  Oh, and old people vote so it will never happen.

But things will definitely have to change. 

Continue reading “Social (in)Security is Complicated!”

The Stock Market Seems Really High . . . Should I Sell?

Election night it looked like the stock market was going to tank.  S&P 500 futures were down about 15%.  I was scared for my country and my money.  I was preparing to write an article celebrating that stocks were on sale and telling everyone to stay the course or to buy.  Rather than crashing, we saw the S&P 500 go up over 1% the day after the election and it has only continued to rise since then.  This is a very different article but the answer remains the same.

This post-election stock run up has been amazing.  Through Christmas weekend, we hit all time highs.  My invested assets grew over 3% in November and an additional 2% so far in December–the annualized return is over 30%.   I made more these months than I’m likely to spend in all of 2017.

Price to earnings ratios are very high.  This ratio compares how much a stock costs to the earnings companies reported over the previous 12 months.  We’re paying almost $26 for $1 of earnings for S&P 500 index funds.  The historic average is under $16.

So the market looks expensive.  Does that mean this would be a good time to sell and wait for a dip in the market to buy back in? Continue reading “The Stock Market Seems Really High . . . Should I Sell?”