Hello everyone! Today, I went on a run outside and had a nice deep thought about what to do with an unlocked source of cash flow. No, no this isn’t coming from my INCREASE in housing expenses or a pay raise. This actually goes back to relate to paying off my auto loan earlier, rather than later. This won’t be moving mountains, by any means, however this unlocks a new cash flow for me and now the debate is what to use the additional capital that will be available on a monthly basis going forward!
Despite my disdain for the costs of owning a car, I find myself in a familiar situation…looking for a new car. This time, it isn’t a replacement for my dented Toyota Camry. Instead, my wife is looking for a new car. With the prospect of having a family being in the not so distant future, we are looking to upgrade my wife’s Honda Civic to an SUV. This article will summarize some of the discussions my wife and I had about car ownership along with discussing our final options that we are looking to purchase.
The plan is done and set in place! I am happy to finally get on the right feet and automate the plan as well.
The title alone to the article makes me mad! It has been over 2 straight months of no additional stock or investment purchase and it is very puzzling but easy to understand why at the same time. Each stock I analyze either has a just a tad high price to earnings ratio, or the debt I am considering to pay down just doesn’t make as much sense based on the pure numbers. What’s a guy to do? See why I am sitting on Idle Cash and it’s building under the cushion of my couch at this moment! Plus – see potential ideas/moves for the idle cash I have.
If you haven’t picked up on this yet, after we stated earlier in the year we were not in a hurry to buy a house, my wife and I are beginning to ramp up the process for buying a house. Wow is it a complicated, intense, and fast-moving process. We’ve read articles, listened to countless hours of conversations with family/friends, and co-workers, and fallen asleep too many nights to HGTV in our effort to gather as much information as possible. Buying a house is such a major life decision and we are going to take our time with the decision. We are finalizing on our list of things that are the most important to the two of us and it only seemed fitting to whittle our list down to a five.
Each day I watch the stock market in awe. At 4 PM EST, I read a headline like “Stock Market Sets New Record” and when I log online in the morning I am reading an article about how the market is up in the pre-market once again. By the end of the day, it is like de ja vu and I start the process all over again. This market makes finding stocks the meet our stock screener difficult, how could it not? Well, I have been thinking a lot about where I want to allocate my capital recently and what I want my next move to be. After doing some research on various blogs, including some articles written by my fellow Diplomat, I find myself considering the option that the title of the article outlines. Is now the time to accelerate the payments on my student loans?
Now that the year of 2016 is wrapping up and we are only around 4-5 weeks away until we ring in the new year, I have been deeply thinking about my extra-mortgage payment paydown strategy. Mortgage interest rates have been sky rocketing since the election, another element to showcase the rollercoaster ride that we are truly on. This has caused me to potentially make a tweak or two to my strategy that I have had in play for the last few years. Let’s see what I mean!