Are you the type of person who likes to go it alone? I know for the better part of my life I have been. As a foster parent you’re dealing with a lot of stressors. Don’t let achieving your financial goals be one of them. In today’s post I’ll show you the power of community in achieving your financial goals.
It’s 11:27 pm on Christmas day. My family and I just spent the entire day together playing games, watching tv, eating good food and just plain enjoying being together. Now, for me, I’d like to take a little ‘bit of time to myself and look toward the new year. As I look back on this past year and reflect on the goals I set I realize maybe some of them weren’t goals at all, but just dreams. Are the things you want in life dreams or goals?
Do you want to retire comfortably? You’re thinking – “When should I start investing? I should probably start investing at a young age.” You’re right. In today’s post I’ll show you why.
As of this writing I am 41 years old. Honestly, I really didn’t start investing consistently until late in 2000. I was 28 years old. So now I have been investing for 13 years. I today’s post I want to help you answer the question – When should I start investing? Just to jump to the chase I’ll tell you, start investing at a young age! I’d go so far as to say start investing as soon as you get your first job if you’re a teenager. Regardless of your age, if you’re thinking about investing then don’t wait any longer. Start today.
Have you ever started a do-it-yourself project without really knowing what you’re getting into?
I’m a guy and I can tell you guys are notorious for this. You let your BIG GUY EGO convince yourself that you can figure it out. Usually this comes with some unintended consequences.
Back in April of this year my wife and I decided we should build a treehouse for the kids. It’s something we’ve always wanted to do. I don’t think we were on the same page when this project started.
She was thinking small… I was thinking BIG!
What about the cost? Here are some household budgeting tips I learned from building a treehouse.
Are you dreaming of buying your first house? Are you wondering how to save for a house down payment? I remember when Amy (my wife) and I used to walk through the neighborhood behind the apartment complex we lived in and dream about the house we would one day buy. Well, 18 years, 4 apartments, 1 rental house and 5 houses later I’ve learned a little about how to save for a house down payment. In today’s post I’ll share with you how my wife and I overcame the down payment hurdle early in our marriage. It’s pretty simple.
Making big decisions about money is difficult. It’s something I struggle with. I got a badly needed reminder in my personal life the other day that I need to get better at financial decision making.
The issue is not spending carelessly. I tend to lean to the other extreme. If it involves a large sum of money I have a difficult time pulling the trigger on spending the money at all. For example, my wife and I have a bathroom we would like to remodel. Our house was built in 1979 and still has the original lime green tub and shower. Nice…..
That’s The Way It’s Always Been Done
You can find information all over the internet about how to create a household budget, but you never hear anyone talking about why – why budget. Have you ever found yourself in a situation where you are questioning someone about why something is done a certain way? Or maybe someone is questioning you. Inevitably, you will hear the answer, “Because that’s the way it’s always been done.” Sometimes we fall into the trap of doing things a certain way and we don’t even know why we do it that way. Maybe it’s on the job or at home. Sometimes the way we have learned to do a certain thing doesn’t even make sense, but we do it anyway because that’s the way it’s always been done. We don’t question it. Unfortunately, when managing your personal spending you can fall into the same trap. A good litmus test might be to determine if you are managing your household budget like everyone else. Are you following the crowd when doing your household budget? Are you doing it just like everyone else? If you are then you need to change! Data will tell you that a lot of Americans spend more than they make and have a lot of debt. A lot!