If you think you can’t recession-proof your finances, then think again. The signs are all there of a looming economic downturn, but you can protect yourself. The key is to start now. What is Your Starting Point? First, you need to review your financial situation. Review all of your accounts, even those you thought you … Read more
The unwritten rule is that your housing costs should not exceed 30 percent (sometimes 28 percent) of your gross income. Historically, expenses any higher than this indicated a cost burden and lack of affordability. Although widely used for decades, the rate may be unrealistic in this day and age. Gross vs. Net My first issue … Read more
Will skipping your morning coffee make you a millionaire? Personal finance pundits love to tell people to give up what they love to become millionaires. One of the more popular soapbox sermons says that you are throwing money away on a daily cup of joe. If you saved it instead, it would make all the … Read more
When Warren Buffet gives you advice on how to invest, you listen. Also known as the Oracle of Omaha, he is one of the most famous investors of the last century. He started investing at age 11, became a millionaire at age 32 and is worth $87.3 billion at age 88. It’s clear he knows … Read more
I’ve been in love with bike commuting for years now. At one point, my commute was 19-miles per day. I’ll admit, that was a little ridiculous. It was a great workout but it took too much time out of my day. However, I’d definitely encourage anyone to commute via bike up to 15 miles. When … Read more