A personal finance blog about a young professional navigating adulthood and finding his way to financial independence
Winter is over! After spending months inside avoiding the cold and darkness, the human body craves the outdoors. Yet finding time to enjoy the fresh air is not always easy. We all have busy lives and setting aside an hour to roam Central Park and breath in the fresh air is probably not so high... Continue Reading →
If you could choose one food for the rest of your life, what would it be? We have all inevitably been asked this question before. Some people take a while to ponder it before answering. They want to want to be clever. They try to show that they are forward thinking. In the world of... Continue Reading →
Examining, reviewing and managing your personal finances is not the most exciting topic for most. It’s boring and stressful. It causes anxiety about your spending decisions. And to top it off, it’s overwhelming figuring out where to even begin. So why am I going to argue that you need to start doing it immediately? Simply... Continue Reading →
One of the things I found most challenging at the start of my financial journey was simply keeping track of all my different accounts. I had a 401(k) account with company A, a brokerage account with company B, a Roth IRA with company C, an HSA account with company D, an employee stock plan with... Continue Reading →
Cheese has been bringing people together for over 7,000 years. How do I know this? Well I don’t, I just quickly skimmed the cheese Wikipedia site, but that’s beside the point. Cheese nights offer a fantastic and cost-effective alternative to a typical restaurant meal. When you go out to eat, you are not just paying... Continue Reading →
In 1950, one-dollar could buy you 3 pounds of coffee. In 2019, one-dollar can’t buy you a single cup. The value of our money decreases over time as goods and services become more expensive. This is called economic inflation. So saving and stockpiling money is not enough. If this money does not grow somehow, then... Continue Reading →
When you begin working for a company, you are bombarded with a wealth of information pertaining to their benefit programs. With a thousand other things going on, this information is usually pushed aside to be looked at “later”. When you finally get a few minutes free, you start digging in and come across the 401(k)... Continue Reading →
Traveling allows you to experience new cultures, try new foods and escape the monotony of everyday life. What’s not to love? Well unless you’re willing to make some life sacrifices, traveling costs money. Like many things in life, travel costs fall on a spectrum. You can spend thousands on fancy meals and 5-star resorts, or... Continue Reading →
Travel insurance is often overlooked when we plan our escapades to various parts of the world. We book the flight, maybe reserve a few nights in a hotel and start packing our bags. We never worry about the possibility that shit can go wrong. Here is a true story for you: I was recently traveling... Continue Reading →
For some grocery shopping is a painful experience. The crowds,the overwhelming number of choices, the fact that there are 20 checkout counters but only 2 are open. For others, grocery shopping is an exciting adventure. Hunting sales, sampling new products, knocking something off your To-Do List. Regardless if you love it or hate it, we... Continue Reading →
If used responsibly, credit cards offer many advantages. But credit cards have a darkside as well… Credit card debt is an unforgiving black hole that becomes increasingly difficult to climb out of. If you fail to fully pay off your balance, then you will begin paying interest. And this is not a normal 5% interest... Continue Reading →
If someone offered to compensate you for spending money would you accept? Of course you would. You are going to spend your money one way or another, so might as well get paid for it right? The crazy thing is that this deal DOES exist and many of us are NOT taking full advantage of it.... Continue Reading →
Want to skip the basics and jump right to the credit check up How-to-Guide? Credit is quite a vague term and can mean several different things. So first let’s start with some basics: What is a Credit Report? Contains a summary of your credit historyWhat credit cards and/or loans do you have?How much money did you... Continue Reading →
If I were to give advice strictly based off my statistics background, then I would tell you to never gamble. No lotto, no casino games and no sport betting. But I know the thrill of winning $100 on a scratch-off, nailing 21 in blackjack and hitting on a 4-team parlay. The overwhelming sense of pride,... Continue Reading →
The key to maximizing productivity, preserving fitness and curbing spending – all while maintaining a vibrant social life. "The City That Never Sleeps" Ah New York City. What an amazing place. Culture seems to just ooze through the countless cafes, bars and restaurants. It doesn’t matter if its Tuesday night or Saturday night, there is... Continue Reading →
“Never open a bar tab. Take out cash at the beginning of the night and don’t spend more than what you take out” We’ve all heard this one before but let’s be honest, no one does this. And if everyone is having a good time, do you really want to be Irish Exiting because you... Continue Reading →
Coffee is the lifeblood of society. It jump starts our mornings and erases our post-lunch drowsiness. Coffee is not just a drink, it is a culture, a work of art. If you’re an avid coffee drinker, you can sniff out a bad brew before it even touches your lips. Sometimes the $6 cappuccino is just... Continue Reading →
In theory budgets are great. You know how much you earn each month. You know how much your bills cost each month. Simply take the remaining money and allocate it to the rest of your life (food, savings, entertainment,shopping, etc.). As long as you follow your plan and don’t overspend in any one category, then... Continue Reading →
Finally, the clock strikes 12. It is here folks, the highlight of the workday. You jump on Seamless and start browsing the endless possibilities. For the next 15 minutes you sift through hundreds of lunch options…
I found tracking my spending to be one of the most impactful things I have done on my financial journey for two reasons: I could easily see what things (ex: Restaurants) the majority of my paycheck was being spent on I knew exactly how much money I had left over to invest each month
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