The Easy Way To Fund Your Dreams

What do you dream of?

Traveling? Buying a home? Staying home with your kids? Taking time off? Sending your kid to college? Retiring someday or even early? Buying a camper and heading for the open road?

Don’t know what your dream is?  Read this and figure it out!

Unfortunately, few dreams are free.  If you want to pursue your dream, you’ll probably need to save some money.

It may seem really hard to eek out savings from each paycheck.

But I promise it will only get easier!

As long as you’re not spending more than you make, you don’t even have to reduce your spending.  IF you’re spending more than you make, sorry, but you have to get yourself on track.  Cut, cut, cut and earn, earn, earn until you’re not living beyond your means.

You just need to commit to keep your spending where it is. Continue reading “The Easy Way To Fund Your Dreams”

Social Security Is My Bond Portfolio

My Dad is an Investor.  I say Investor with a capital I because I remember him studying investments in his home office (aka my brother’s former bedroom) for hours when I was a teenager.

He’s the first early retiree I knew.  So when he shared a bit of his investment philosophy with me, I listened.

In spite of being in his late 60’s at the time and retired with no significant pension, he continued to be invested very aggressively and held very little of his investments in bonds.

He said Social Security was his bond portfolio.

This approach worked well for him.  He’s now in his late 70’s and running out of money is not even possible (he was also the first frugal person I knew!).  Though he recognizes he would have been better off investing in index funds and saving the hours he pored over investment reports.

I’ve followed in his footsteps on many things and I’m following him on this one too. Continue reading “Social Security Is My Bond Portfolio”

The Power Of One Word

I just got back from a mountain bike ride.  It’s one I do regularly because it is a good lung buster that helps me get in shape.  But I haven’t ridden this trail in six months.  Our desert trails are much flatter and I’ve only been back at altitude for a week.  So it felt really hard.  I got to the top without taking any breaks–though I felt like I might puke.

I know exercise is good for my body and my brain.  But getting out and exercising regularly doesn’t come easy for me.  And I’m especially bad at making myself do the hard stuff like I did today.

I was tempted to put my foot down, take a break and get my breathing under control. Continue reading “The Power Of One Word”

My Visit With Warren Buffett

The typical investor has no business investing in individual stocks.  Most of my investments are in Vanguard index funds–VTSAX is my favorite.  Until recently, I owned only two individual stocks.  I also own some managed funds (which carry higher fees) but I would move all of my investments to VTSAX if I could do it without paying taxes on my gains.  You can learn more about my investment philosophy here.

A few months ago I broke one of my cardinal rules. I bought another individual stock–BRK–Berkshire Hathaway.  I bought it only because I wanted to go to the annual meeting and see Warren Buffett (world’s 2nd richest person) and his partner, Charlie Munger talk about investing and life.  A trip to Omaha doesn’t sound all that exciting but this annual meeting is a real spectacle–more about that later. Continue reading “My Visit With Warren Buffett”

How Can Money Buy Your Happiness?

I’m reading the book Happy Money. It is helping me understand how we can use money to create happiness in our lives.  It’s an easy read–follow the link above to buy it on Amazon (and I’ll receive a small commission) or look for it in your library.

The research on how money makes us happy is super interesting and not always intuitive.

I always thought the more money I made, the happier I would be.  It seems like life would just get easier.  But the research shows that once you make $75,000 a year, you don’t get happier with more income.  I’m sure this number varies based on the cost of living in your area but once you reach that amount, your happiness doesn’t rise. Continue reading “How Can Money Buy Your Happiness?”