Key Takeaways: I believe better sleep (a component of a healthier lifestyle) and better personal finance are related. Sleep deprivation has become a badge of honor in American society, and it has severe consequences on health and wealth from personal experience. Prioritizing sleep could generate positive results across all aspects of life, including finances. Sleep…
Category: Just Life
Life and other uncategorized thoughts.
Money is Time
Key Takeaways: The saying “time is money” is also true vice versa. Money is time. The guiding principle says to think of money in terms of the amount of time. Determine your real net hourly wage and use this metric to understand the implied “stored time” in various purchases to gain new perspectives. For many…
Negotiate everything. Compare prices. Shop offers. Create options!
For every financial decision, it’s critical to negotiate and compare. Taking the time to do your research and shop around could result in meaningful savings. I have leased a car with $4,000 off a $38,000 MSRP. I achieved the discount by comparing prices and offers across dealerships in the region and all its counties. I…
Never pay full price! Ways to do it and an example
Never pay full price… …unless necessary. It’s that simple. Never pay full price unless there’s no way around it. This concept is a fundamental principle and a beneficial personal finance habit. The seemingly small percentage of the full price accumulates over time and can become a significant sum to help push you forward towards your…
New Year. Finance Habit Reminders!
As we enter the new year, here’s a quick reminder on some essential personal finance habits to reinforce. 1 – Track and routinely review spending It’s critical to know where your money is going to improve your financial wellbeing. This action helps you course-correct if needed. It also allows you to know whether your intended…
Discipline Equals Freedom
“Discipline equals freedom.” I was introduced to this concept when I was lucky enough to attend a talk by Jacko Willink, a retired Navy SEAL officer, a bestselling author, and a successful entrepreneur. The seminar I attended primarily focused on leadership and transformation. Jacko honed in on how the path of discipline results in progress….
Prepare for the worse… Hope for the best
“Prepare for the worst, hope for the best” is a common idiom. One of the big picture concepts within that idiom is to balance optimism and pessimism. We believe this concept applies to personal finance too. Prepare for the Worst Bad things happen. These unlucky events occur more often than we like, usually with the…