Financial Deviant: Recent Episodes
Financial Deviant
A deviant is someone who refuses to follow societal norms. While it normally has a negative connotation, in the area of personal finance, it's an absolute compliment.
I'm not saying whether financial advisors are good or bad. I just want people to know what they're paying for.
The formula to determine how much you can save is fairly straightforward. The ideal way to increase savings availability is attack both income and spending at the same time!
As your personal finances improve, you may find that your definition of Luxury evolves.
Life insurance is a critical component in our personal financial arsenal. We can't risk leaving our loved ones in a tougher position than necessary because we fail to take care of business. Let's discuss!
If money is your everything, you don't have much. If you think of it as a tool, you're now on the right track!
The building blocks of a diversified investment portfolio can help you solidify the financial foundation that you will stand on in your later years!!
One of the most intimidating tasks in personal finance is figuring out how to get started. What vehicle do I use and how much should I put in?
Let's talk about those very things!
In this episode, my wife and I share some autobiographical snippets from our financial journey together. Your challenges may not be exactly the same as ours. Yet I'm convinced that much of what we speak about will be eerily familiar to you.
This new law has provisions that the individual investor needs to be aware of. I run down the biggies in this episode!
When I was young I loved to take my report card home if my grades were stellar. But when the grades weren't great, I wasn't so excited.
The net worth statement is our report card. Only it's not a teacher grading you; it's you being honest with yourself about where you stand compared to where you stood last year or 5 years ago.
Hope this episode on net worth statement will spark action in your own financial life.
Buying a new car is one of the most exciting financial transactions that we can be involved in. Even so, it's also one of the primary wealth killers that sneaks up on unsuspecting consumers all the time.
If we can conquer that killer, we are well on our way to building real wealth!
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You don't have to be an expert to take advantage of the markets. You just have to be consistent!
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Sometimes being a Financial Deviant entails being a loner. So many people around us are making poor financial decisions, so we can't depend on them. If you're going to take someone's advice, you need to make sure they have fruit on the tree!
Normally the word "Deviant" has a negative connotation. But in the area of personal finance, being called a deviant is an absolute compliment.
We don't want to be like the masses; we will devote more of our dollars to building wealth and not to buying depreciating vehicles.
We want to build wealth more than we want to look wealthy!
We're not for everyone. We are for those who refuse to go with the current of unbridled consumption at the expense of their future selves.