Historical Millionaires, Billionaires, and Trillionaires

When we first reached ‘millionaire status’ I was pretty excited. As I wrote later, while our inflationary world doesn’t mean we live like Rockefellers, Vanderbilts, or other millionaires of old, it still put us in the top 0.56% of the world, in terms of wealth. Related:  FIRE Milestones – Reaching Millionaire Status I hope it’s not too crass to compare oneself to see where one … Continue reading Historical Millionaires, Billionaires, and Trillionaires

Squirreling Away Savings

Squirrels have it figured out. This time of year, they are scurrying around the woods behind our house collecting nuts and SAVING them for the future. Winter in Minnesota – where we live – is long and only the good savers will make it through. The same is true for retirement savers. The ones that save diligently will enjoy a financially worry-free retirement. It is … Continue reading Squirreling Away Savings

Prime Deals on Prime Days?

I have to admit that I wasn’t interested in buying anything on Amazon’s Prime Day, until I saw the highlights of the deals they have. Now there are all kinds of things that seem interesting to me for the big ‘Christmas in July’ sale. Related: Amazon Prime Day Deals Even though we are on vacation, I might take a break from the California sunshine and … Continue reading Prime Deals on Prime Days?

Does It Really Pay To Be Frugal For Coffee/Lunch?

Our son is working at a software development company this summer. It’s his first professional job and he has one more year of college before he is finished with his computer science degree. We took him out for dinner last night and asked him what he was doing for lunch each day. He said most people in his group go out for lunch every day, … Continue reading Does It Really Pay To Be Frugal For Coffee/Lunch?

The Added Everyday Costs Of Driving An SUV

I recently had my SUV in the shop for some warranty work and they gave me a small sport sedan as a ‘loaner’ car for the morning. My SUV isn’t huge – and we use it as our family hauler – but I wondered out loud how much better a smaller vehicle might be for gas mileage. The technician added, “for the environment, too”. Here’s … Continue reading The Added Everyday Costs Of Driving An SUV

Save For Retirement Before College?

One of the many ‘rules’ most financial experts advise is saving for your own retirement before saving for your kids’ post-secondary education.  The idea is like when you are on a plane – you should put on your own oxygen mask before helping your little ones with theirs.  The curiously paradoxical thing about this financial advice is that no one I have ever met seems … Continue reading Save For Retirement Before College?