As your wealth grows over time one of the fundamental things you worry about is “losing it all” and having to start all over again with nothing. The best way to mitigate “losing everything” is to buy insurance for your assets. Additionally, if you have a spouse, children or others that you serve as a…
Category: Financial Odyssey
Investing or Gambling?
I watch a lot of YouTube videos and what I watch is mostly focused on investing, finance, taxes, or related material but I’ve noticed a disturbing trend lately some of the YouTubers I follow to be pushing what I consider to be gambling “investment” opportunities. Masterworks The first site I saw from a reputable YouTuber…
Book Review: The Culture Map by Erin Meyer
I’ve been researching places to retire overseas and part of that research is to understand the culture and compatibility we (wife and I) may have with different countries. To that end, I picked up a copy of Erin Meyer’s “The Culture Map” to understand what we may encounter in different parts of the world. It’s…
Retiring With Millions At 34 Then Running Out of Money?
There is a great cautionary tale about retiring early, even with millions, and running out of money, from a personal finance blog I read, Financial Samurai and you can read the article here from yahoo finance. In the article the Sam Dogen managed to amass $2.5 million by 34 and decided to retire but is…
New Credit Card: $50k Limit!
Shhh….don’t tell Dave Ramsey this but I applied for a new credit card recently because it came with a fairly good sign up promo and when I got the card and setup the app on my iPhone, I was shocked to see it came with a credit line of $50,000! I’ve written about my strategy…
Are You Ready? $512 Billion In Unrealized Losses!
Back in September of 2023, I wrote a post titled, “How To Prepare for a Recession” and it may have been very timely because it’s entirely possible by September of this year we will be in a recession. I followed up that post with another one a couple of weeks after titled, “It Feels Like…
The Cost of Celebrating Mother’s Day
I haven’t been posting lately and that’s because of a very expensive Mother’s Day. It all started when I was voluntold that we would be hosting Mother’s Day for my mother-in-law and my mom. This meant we would be having at least 20 people over and maybe more depending on which extended family decided to…
Are You Part of the Millennial Crisis?
Yesterday I wrote about the boomer retirement crisis and on the other end of the spectrum there is a millennial housing crisis. The Wall Street Journal has an article entitled, “Young Americans Are Getting Left Behind By Rising Home Prices, Stocks” and here is a key quote from the article. For those looking to embark…
Are You Part of the Boomer Retirement Crisis?
MSN has an article out calling out the peak boomer crisis that seems to metastasizing into a very ugly future for millions of potential retirees. On Wednesday, AARP released the results of a January survey delving into retirement outlooks for Americans aged 50 and above. It found that many of them are not feeling confident with their finances. Particularly,…
Do You Have A Budget Plan For All Your Life Events?
I asked AI to tell me what the major life events are for a human. Here is what it wrote: Major life events for humans generally refer to significant occurrences that impact one’s life trajectory and personal development. These events can be broadly categorized into social, educational, professional, personal, and health-related events. Here’s an outline…