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I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.
Hello Reader, It seems like every year we get a new name for a weather event and this week it was "heat dome." I was just in Dallas, Texas and returned to Maryland where it was hotter. It was 91 when I left Texas and it was 97 here! (My wife took a picture of our thermometer and it said 102!) If you're experiencing the heat dome too (which hopefully is ending today), stay cool! (View this email as a webpage) ๐ Retirement savings waterfall If in the wealth accumulation phase of your life,...
Hello Reader, Has summer started for you yet? Today marks the final day of public school for our kids and so it'll be chaos in our home until camps start next week. When I was younger adult, I thought you should have school in the summer. Between the summer slide and worrying about childcare, it made no sense. But as our kids are getting older, I prefer the summers off. It's good for kids to have fun. Education and academics are important but are they the most important? Eh... I'm not sure....
Hello Reader, What's the worst financial advice you've ever received? The worst financial advice I got was when a real estate agent tried to convince me to increase my house budget by 20% โjust to see what I thought about those types of houses.โ I thought I could afford a $275,000 house and he took me to houses that were listed at $300,000+ because โI needed to know what a little bit more could get me.โ This was during the housing boom in the mid-2000s. He said that because I had a good job...