If you are a homeowner or thinking about becoming one, then there may be some major projects or renovations that you’d like to do. These could be expensive such as a kitchen or bathroom remodel or addition. If you are planning to finance a home improvement, then one of the more common things to do is…
There hasn’t been much of a change in my debt since my last update. So, as February draws to a close I thought I would take a break from the normal debt and asset updates and post up a few random thoughts and let you know what I’ve been up to this month. Don’t Panic…
February is here and so are thoughts of winter coming to an end. Here in the Northeast we’re looking at another month and change of winter, then the weather will finally start to break. As mentioned in my last update I’ve been making a Spring project list of work that needs done around my house. …
You are hopefully living life within your means, paying off or avoiding consumer debt, and building net worth. If you are, then congratulations. You already have a winning strategy in place, and you probably already know what you need to do in order to grow and protect your nest egg. But what if you suddenly…
January 2020 is already coming to an end. I can’t complain too much, as this winter has been mild for the most part. I haven’t had to plow my driveway yet or shovel much snow. Heating costs are also keeping low this winter. So, how are my finances fairing as we head towards February? Here…
Investing in wine can be very lucrative, often yielding double digit returns. This easy beat most other forms of investments and can be a profitable investment alternative. A word of caution; investing in wine has a high barrier to entry, as most of the investment grade wines sell for thousands of dollars per bottle. …
Welcome to 2020. I hope that all of you are achieving all your goals and have mapped out a plan for the year ahead. Things are starting out well for me. With the record highs in the markets my portfolio is sitting at near highs as well. I’ve also seen some more debt reduction since…
As a bit of a follow up to my article on retirement and low interest rates, I’m going to discuss a few smart money moves to make in a low interest rate environment. We’ll call these short to mid-range time horizon moves since we are playing on rates. Rates can and do change, but it…
2019 is already over. This year seemed to fly by. Since this will be my last personal update of the year it is a good time to look back and review 2019 from a personal finance standpoint. Wealth Building 2019 was a very good year for my portfolio. I’m up just over $70,000 for the…
Have recent interest rate cuts impacted retirement? The short answer is yes. Things can get complicated, but low interest rates do have long-term effects on the economy and could alter your retirement planning. Retirement Income One of the most obvious short-term effects to lower interest rates is a decrease in income generated from CD’s and…