We got our flood insurance bill this week and the cost doubled from around $500 last year to $900 this year. It is important to note that we have never filed a flood insurance claim. Actually we haven’t filed any kind of claim in the 30 years we’ve owned our current home. Our home owners…
Category: Risk Management
Banking Diversification & Frozen Funds
If there is ONE single piece of personal financial advice I give to people, it is to never ever keep all your money in one place. I know it’s a hassle to to manage multiple bank accounts but the consequences of keeping all your money in one bank account are too dire and brutal. Yotta…
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…
ZepBound: My Health Journey May Edition
I’ve been reading about how these GLP-1 drugs change people’s personality and I have been thinking about that a great deal because to some extent my personality has changed. But before we get to that I want to tell you that while taking this medicine has been great, hunting for it has not. Express Scripts…
Climate Change & Personal Finance: Hoax or Harbinger?
It’s an election cycle year so I’m seeing all sorts of the usual debates on various media platforms about climate change and whether it’s a hoax or harbinger of more things to come. I honestly don’t know the answer but I do have 27 years experience and obervations. Same House 27 Years I bought my…
Risk Management: Taxes, Real Estate & Rental Properties
The Wall Street Journal has an excellent article on the tax risks of owning multiple residences or real estate in different states and it’s something that my wife and I have had to deal with over the past few years. Here’s a key quote from the article, “States are getting more aggressive to avoid missing…
7 Frugal Habits I Dumped When Getting Rich
I ran across this article from CNBC discussing 7 Frugal Habits a self-made millionaire kept after becoming rich. I went through the list and I can honestly say I had similar habits but I dumped them all and I will tell you why. 1. I buy the least expensive cuts of meat Bernadette Joy buys…
I Bought $15k of CPSM Today
This is NOT financial advice so don’t do something because someone on the internet did it. Do you own due diligence on investments that meet YOUR needs not someone else’s need. Having said that, I bought $15,000 of CPSM this morning. I wrote about CPSM here if you want to learn more about it from…
Zepbound: My Health Journey – April Edition
It’s time for an update on my Zepbound weight loss journey for end of April. This is month 3 of my journey (see links below for other editions) and I am happy to report that I’ve lost 16 pounds total in 3 months. I actually had to redo the math several times since I didn’t…
I’m Buying PUTS on the S&P 500
This isn’t financial or trading advice so don’t do something just because someone on the internet is doing it. Having written that disclaimer, I am buying put options on the S&P 500 for September although May is very tempting too. One of the things I do to protect my investment portfolio is to occasionally buy…