Construction Across The Street: A Personal Finance Story (Chap. 7)

 

Authors’ note:

Explaining personal finance can be pretty dull, but it’s a subject we all need to continually learn about. I’m trying to fix the problem by using a quirky (funny?) story to explain personal finance. In this story, two friends discuss risk tolerance, asset mix and the concept of beta.

The stories are written in chapter order, so that there is a logical flow for the reader. Enjoy!

Is that house going to take up the entire lot- will there be any lawn at all?

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Continue reading Construction Across The Street: A Personal Finance Story (Chap. 7)

The Ice Storm: A Personal Finance Story (Chap. 6)

Authors’ note:

Explaining personal finance can be pretty dull. That’s a problem, if you need to learn personal finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some personal finance concepts inside of a quirky (funny?) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of finance concept- but you’ve received the information in a light-hearted way.

Anyway, that’s the goal here. The stories are written in chapter order, so that there is a logical flow for the reader. Enjoy!

Walmart is already out of ice melt?

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Surprising Reasons Why Higher Interest Rates Impact Stock Portfolios

Wall Street Two Signs

I had to get a knot out of a drawstring bag the other day.

Funny- when you start to pull the knot apart, you may be surprised at how the strings are intertwined. This is an analogy for the relationship between higher interest rate and your stock portfolio. The connection may surprise you.

How To Manage Personal Finances: New 2017 E-Book. More info here.

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The Cross-Country Flight: A Personal Finance Story (Chap 5)

Authors’ note: 

Explaining personal finance can be pretty dull. That’s a problem, if you need to learn about personal finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some personal finance concepts inside of a quirky (even funny) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of an personal finance concept- but you’ve received the information in a light-hearted way.

Anyway, that’s the goal here. The stories are written in chapter order, so that there is a logical flow for the reader. Enjoy!

There’s always a certain amount of tension you can feel when you walk into an airport terminal.

Personal finance book: 2017 Click here for sample chapters and other content.

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From Diamonds To Dirt: How Do Wealthy Men Sink Into Debt?

“There’s a lady who’s sure
All that glitters is gold
And she’s buying a stairway to heaven.”

(Thanks, Led Zeppelin)

This may be hard to digest but it’s true: some wealthy people get into debt troubles- and there are plenty of reasons why. People may take on huge debts that can’t afford to pay off, and a massive debt load can lead to bankruptcy. Understanding how this can happen can help you manage your personal finances.

Personal finance book: 2017. Click here for sample chapters and additional content.

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Thanksgiving: A Personal Finance Story (Chap. 4)

Baked Pie

Authors’ note:

Explaining accounting and finance can be pretty dull. That’s a problem, if you need to learn accounting or finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some accounting concepts inside of a quirky (funny?) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of an accounting concept- but you’ve received the information in a light-hearted way.

Anyway, that’s the goal here. The stories are written in chapter order, so that there is a logical flow for the reader. Enjoy!

Every family is dysfunctional- especially after a Presidential election.

Personal finance ebook: Sample chapters here

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The Shocking Truth About $9.99

Cash Register Close UP

Does $9.99 really make that much of a difference?

It dawned on me on the Wednesday before Thanskgiving that I had subscription fees that were posting over the holiday weekend. They were on my budget as expense items, but I still needed to reconcile my bank account to see if they had posted correctly. Not a big deal, but it was just one more thing that I had to do before I headed out of town.

So, besides the added time to monitor the expense, I had to ask myself: Does a $9.99 subscription fee really make a make a difference in my budget?

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You may be asking yourself the same question. The answer for both of us is yes- let me make the case why $9.99 can have a huge impact on your personal budget.

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Halloween Night: A Personal Finance Story (Chap. 3)

jack-o-lantern

Authors’ note:

Explaining personal finance can be pretty dull. That’s a problem, if you need to learn about personal finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some personal finance concepts inside of a quirky (even funny) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of a personal finance concept- but you’ve received the information in a light-hearted way.

Anyway, that’s the goal here. The stories are written in chapter order, so that there is a logical flow for the reader. Enjoy!

Halloween weather is always tricky in St. Louis.

This year’s weather couldn’t be better. Greg chuckled to himself as he set up folding chairs in the driveway as darkness set in. Greg’s driveway was situated along a busy route for trick or treaters, so he set up folding chairs, lights, candy (and a cooler of beer) so he could hand out candy.

Continue reading Halloween Night: A Personal Finance Story (Chap. 3)

6 Ways To Reduce Your Home Mortgage Interest Costs

Small Houses

The amount of interest you pay on your home mortgage may have the biggest impact on your personal finances over your lifetime.

Not sure you believe me? Well, consider this example:

I really like Bankrate’s website, and the site provides a simple home mortgage interest calculator. Let’s assume that you’re buying a $300,000 home loan, putting down a $15,000 cash deposit and borrowing the remaining $285,000 for 30 years. At a 5% rate, your payments are $1,529 a month. If, instead, you have to pay 6.5%, your monthly payment is $1,801 a month.

Continue reading 6 Ways To Reduce Your Home Mortgage Interest Costs