Now that 2 full quarter’s are in the book, it’s a great time to see where I stand in comparison to Q1, but also to the 2015 goals I set for myself towards the end of last year. It has been such a unique year thus far, and 6 months have come and gone. Question I have to find out now is – am I hitting my goals? Am I on pace to somehow reach those items I set? After all of the traveling, weddings, bachelor parties and making fun of Bert, am I on track? Let’s find out! Continue reading
Tag Archives: Mortgage
Running on Thin Ice
Running on thin ice – you know exactly what this post is about everyone? I know, very ambiguous and disguise-like, but it’s how I’ve been running over the last 5-6 months. This year has had many events, opportunities and actions that has had me running on thin ice, but for some reason – it’s becoming less and less “scary”. What do I even mean about running on thin ice, one may be asking? One slight cue – it deals with cash. And not simply just cash but… Continue reading
Lanny’s April Income and Expense Summary
As you have come to see from us Diplomats – each month we share our savings from the income and expense we have endured during the previous month. Our goal is to achieve 60% savings rate in an ever inflationary lifestyle from advertisers, television, peers and co workers. Though it is difficult, we know the combination of being frugal, saving and investing allows us to achieve our financial freedom goals faster, by still enjoying the benefits of life itself. Was I able to hit 60% this month? Let’s check out my income and expense summary from April!
Lanny’s Debt Update
Debt. What is debt? Is this America’s Horror Story? Is it chains strapped to your hands and ankles? Well, by definition, Debt is “An amount of money borrowed by one party from another. Many corporations/individuals use debt as a method for making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.” Thanks Investopedia for that. Debt can be used in two ways – to pay for something that we use day in/day out as a liability that does not generate cash for us OR debt can be used to leverage buying an asset that produces a greater return than the cost of the debt itself. I have debt and I wanted to share an update where I stand based on today, Mid-April.
Pay Down the Mortgage or Invest, that is the question
I had a long conversation with Bert today on the phone as he was on his way to Detroit. It was regarding what the heck to do with my idle cash that I typically use for investment purposes, but am getting anxious as it has been almost two weeks since purchasing a stock. We were trying to discuss if and why I should make extra payments towards my mortgage, which I typically do once per year. Here is how our discussion went.
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