2008 Flashback: Bear Stearns & Personal Debt

THIS POST MAY CONTAIN AFFILIATE LINKS.  SEE MY FULL DISCLOSURE FOR DETAILS.

On today’s vlog session, I’ve gathered the following topics – all related to debt:
Flashback to 2008 – Bear Stearns: the precursor of the Great Recession

Assessing stocks – the most important company metric is debt and risk level

Book review: Squeezed. What the author describes as new for our economy is actually not new at all. And by maintaining low levels of debt, you can maintain a high level of resiliency when responding to changes in the financial environment.

 

How are you managing your debt or is your debt managing you?

 

Related post:
Investing and Behavioral Risk

Money Scripts – My first money vlog session

Today is the first day of my blog format.  Check out the video below for my latest money topics.

Today’s topics are:

Achieving financial satisfaction

How focusing energy on money management makes it happen

Money scripts

 

Today’s question is: What’s your money script and is it serving you?

Join me next week when I flashback to 2008 with articles from my personal archives on the events that led to the Great Recession.

Your feedback is greatly appreciated.  Leave me your thoughts and comments.

Related Posts:

Financial Happiness

Money Scripts

Financial Freedom – Get It

Summer Finance

Where’ve you been? Oh, sorry.  That was me gone too long.

Yes, I’ve been an absent blogger.  But, I’m back.

While I’ve been pondering where I’m taking this blog, this is how I’ve spent my summer and I’m happy to discuss the financial angles of each.

  • Managing the costs of various expensive household items
  • Coaching a new client
  • Being interviewed by Millionaires Unveiled
  • Blown away at the increase in my investment accounts

Continue reading “Summer Finance”

The Joneses

Perfect family

On a typical lazy weekend, I came across an Amazon Prime flick called The Joneses.  All I saw from the description was “a perfect family…” and stopped reading.  I don’t like spoilers and I also know that there are no perfect families, so it intrigued me.

I was pleasantly surprised to see some of my factor actors, Demi Moore, David Duchovny, and Lauren Hutton, and as the story progressed, it sent my money-brain thoughts into motion.

The movie opens with the Joneses moving into a new home.  It’s in a polished, upscale neighborhood where the possibilities of a charmed life await.  With their stately peaks, each house’s exterior represents the image of suburban nirvana.

Continue reading “The Joneses”

Walking The Fine Line Between Frugality And Scarcity

When it comes to saving money, there are many ways to economize.  Taking your lunch to work is a great way to avoid overspending.  Then, there’s finding better alternatives.  A generic store brand is worth a try and may be just as good as a name-brand item.  Ultimately, there’s doing without.  However, the habit of doing without may offer diminishing or detrimental returns.

Frugal, froogal, froot-gle.  Nothing good can come of acting out a word that sounds way goofy.  I’m reminded of 18th-century farm living where vocabulary was as limited as the society’s vocational opportunities.  No one’s saying that you can’t adjust some habits downward, but developing an austerity habit may not help your future as much as you think it will.  Frugalizing to the nth degree can be harmful to your well-being.

Continue reading “Walking The Fine Line Between Frugality And Scarcity”

Making Financial Change

 

financial changeToday is as good as any day for making financial changes, but maybe today’s not the day.  Are you truly ready to change?  What’s stopping you?

Instead of thinking about all the reasons why not, take the pressure out of the equation and, well, try.

When I took my Dale Carnegie class, each session involved standing in the front of the room and speaking for approximately three minutes.  The most compelling presentations had a beginning, middle, and end.  What I didn’t know was that this started in the first session.  I thought we would have a warm-up session, not jump right in.  I felt sick to my stomach and barely managed to get through.  Continue reading “Making Financial Change”

Improve Your Financial Knowledge

financial control

When it comes to your financial knowledge, stop pretending that you don’t know what you’re doing.  There are more resources than ever.  If you’re a book lover, read a few on personal finance.  If you’re a net surfer, start Googling up on financial terms.

 

Answer the following questions and take a few minutes to research anything that you don’t know.  Don’t be afraid, we all have an area that we need to focus on.  These items are off the beaten path, and from what I’ve seen, points that cause confusion.  Some are Yes/No or True/False, while others are thought questions.

 

I’m all about sharing knowledge.  I learn something new every day and never stop reading.

 

Earning

True or False:  I have a progressive career plan that will increase my earnings within the next five years.

 

The last time I improved my work skills was ______________.

 

Related Post: Money Learning Checklist 1         Earning/Saving

Continue reading “Improve Your Financial Knowledge”

Financial Independence Hokey-Pokey

 

financial freedomI didn’t focus on being financially independent until about three years ago.  I had an idea what my net worth was, but wasn’t fully clear on the exact number.   The lack of a plan made it a nebulous target.

THIS POST MAY CONTAIN AFFILIATE LINKS.  SEE MY FULL DISCLOSURE FOR DETAILS.

In my 20s at the start of my career, retirement seemed so far away.  I relied heavily on my accounting career to give me financial security.  After all, I chose the career knowing that I’d always have a job.  Consequently, every ounce of my energy went into working.  There were summers that I never saw the light of day. I never knew when I was getting home and I made many sacrifices.  Believe it or not, it was exciting and I enjoyed it.  I latched onto an upward trajectory of promotions and raises.  When I had full autonomy over my position, I liked being relied upon and the responsibilities that went with it.

Continue reading “Financial Independence Hokey-Pokey”