School is about to begin. This will be the final year of school for our son. It is a day we spent years thinking about and it’s a surreal moment as well as a milestone of sorts. Even more surreal is the fact that he has begun applying for admittance at colleges. But in reality, only one College matters to him. The others are back up plans that he has no intention of pursuing unless absolutely necessary.
While we prepare ourselves for this next year we are also trying to prepare and plan for the next steps after this school year. Over the past few years we have downsized our lives in many ways, like selling our 3000+ square foot home and moving into a small townhouse. However, we have also taken on a lot of extras in place of what we have given up. Some of these decisions, like purchasing a large and costly new RV, have been expensive up front but were done with an eye to the future. Other decisions have been made in the moment which isn’t usually the best way to make sound financial decisions. We are prime examples of impulse buyers and that has cost us quite a bit of money. One thing is for sure, we need to find a way to further cut back our monthly expenses and increase our savings rate which is currently topped out at 22%. Continue reading “Life Update”
Times, they are a changing.
In a previous blog I gave some insight into my current working environment and expressed the possibility of going out on my own. Since that blog post I have been working and getting in position to do just that.
In the last week I have taken a state exam to get a required certification. I am responsibly confident that I did well enough to pass (fingers crossed). Also, because I have an amazing relationship with my direct manager, I have given an unofficial heads up notice to my employer that I will be moving on soon. Under normal circumstances I wouldn’t have gone out on that limb with my employer. However, my manager and I have a very close relationship and I’m trying to give him as much time as possible to get prepared and find a viable replacement. In addition to these steps I have also spoken with my tax accountant to get some guidance on proper business structure to make sure I don’t get a massive tax bill when tax season comes around. Continue reading “Winds of Change”
We are not even half way through the month of August and market madness is in full effect! In just over a week I have lost $30k in the down market only to regain most of it in over a couple of days and then lose some of it again before the weekend.
Call me crazy, but I actually enjoy watching this madness. The overreactions followed by panic selling is a great study in human emotions. As I have said before, it really doesn’t matter if you are in it for the long term. These are paper losses unless you sell, which I personally will not do. I also wouldn’t advise watching closely if you don’t have the stomach to see your savings plummeting before your eyes. Continue reading “So, How’s The Ride Going For You?”
We have closed the book on another month and it’s time to take a look back and see how we performed in July.
Personally, July was a wonderful month. We had a blast on our trip, with the exception of a minor problem with our RV. If you have not visited Yellowstone National Park I highly encourage you to put it on your bucket list. It is one of the most pristine and beautiful places on earth to visit and you will no doubt enjoy your time there. Continue reading “July 2019 Financial Update”