Reading hundreds of blog posts surrounding the personal finance community, it’s easy to get a little jealous of others’ success. I mean, on a daily basis I read about people going from rags to riches, or having a $1M income, or people retiring at an obscenely young age. With Thanksgiving quickly approaching, I think it’s time to step back and focus on all the reasons I have to be thankful.
There are a whole bunch of bloggers talking about their biggest financial mistakes on the magnificent web of information. I think this is a fantastic exercise because we can learn so much from these errors. Since you are reading Winning Personal Finance, I of course haven’t made any mistakes (cough cough). Luckily, I’ve avoided some of the big ones like consumer debt, high investment fees and not saving at all. Unfortunately, my financial life has not been perfectly streamlined. Without further ado, here are my 7 most regrettable financial decisions and more.
At the beginning of this year, I thought I had my financial life in good order. I was wrong! The more I search for ways to improve my finances, the more opportunities I find. Over the past few months, I’ve found a number of new ways to earn or save some money. One of my motivations to start this blog was to create an easy way to share these opportunities with family, friends and others seeking to optimize their finances.
This article is the first in a series of posts about the actions I have taken to save or earn more money. Please remember, these articles are being written from the perspective of one person. You should consider your own personal financial situation and discuss with your professional advisors before replicating anything described below.
One of the most common and hardest personal finance decisions people have to make involves the tradeoff between time and money. This post discusses the largest time vs. money decision my wife and I have had to make to date.
Personal finance is, personal. This is a phrase you will see me type many times. In many cases, a financial move that is right for one person may not be right for another. Some people start their own business while others prefer to work for a business. Some people drive a shiny new SUV while others choose a 10+ year old sedan. Some like to invest in stocks while others prefer mutual funds or real estate. These different choices and many more could all be part of a Winning Personal Finance plan. Continue reading “My $121K Mistake”
Some mornings, before heading into the office, my son looks at me with a sad face and asks:
Mini WPF: Daddy, do you have to go to work today?
Mini WPF: Why?
Me: I go, so that I can pay for our house and food.
Mini WPF: And toys?
Me: Yes, and toys.
Hi. Thanks for visiting! I’m an extremely private person. I don’t use social media. Until now, I’ve never written anything I did not have to. Somehow, I decided it was a good idea to start a blog! How did I get here?