Just a quick post this morning to share this chart I came across from Visual Capitalist. I’m sure most readers here understand the difference between “mean” and “median”, but the gap between these is pretty shocking. I’m sure many would look at the “median” column and think they are doing OK. The fact is that half of these people are in a tough place if … Continue reading Mean vs Median Wealth
We went to my Mom’s senior center apartment on Saturday and enjoyed walking around a Holiday Boutique they were hosting. One of my brothers was there, too. While I was there, I took care of a couple bills she had. My Dad passed away last year and I became the primary “money guy” for my Mom. I had started taking care of their checkbooks, … Continue reading Long Term Care & Insurance
A couple of weeks ago, I had the chance to tag-along with a farmer friend, Andy, during his corn harvest. It was a beautiful October day and I took the above picture with my drone. The crew of 3 knocked out about 50 acres on that a single day – roughly 500,000 pounds of corn. Most of that corn, he told me, will eventually make … Continue reading Fields Of Fuel
Happy Halloween! Candy prices are up this year, but we’re still splurging on the full-size chocolate bars. We switched to the big bars 10 Halloween’s ago – the year I early retired. My AI research tool thinks that the price of Halloween candy has roughly DOUBLED since 2016, so you might think we’re cutting back. No, our stock market investments have gone up … Continue reading Happy Halloween Splurge
What is your “worry free” spending limit? A cup of coffee? A bouquet of flowers? A restaurant steak? A new golf driver? When we got to a certain net worth, I recall thinking that anything under $20 or so was basically “free”. That is, even if spent every day, $20 wasn’t enough to materially impact our financial trajectory over the longer term. It was … Continue reading Worry Free Splurges
The 2025 stock market has been a case study in “follow the bouncing ball”. We were up (inauguration), down (“liberation day”), way up (tariff pause & lower interest rates), and now not up as much (China issues). The volatility with Trump isn’t unexpected given his history, but it has been quite a financial ride in 2025. When we returned for the first time in 6 … Continue reading Follow The Bouncing Ball
I am waking up in Las Vegas today – realizing that I didn’t post any thing yesterday. I was busy spending money and making bad bets here in Sin City / Glitter Gulch and certainly don’t have any helpful personal finance advice from that experience! When I went to the Flamingo Hotel gift shop to buy a T shirt or a deck of cards as … Continue reading Work Anniversary in Las Vegas
I’m on a flight from FL to MN right now and ran across this interesting survey from Empower, an investment company. I thought it did a good job showing how people are thinking about their financial lives & retirement. Link: Empower Study Overall, I’m generally pleased when I see how people are thinking about retirement, even if their actual behavior falls quite short. Like nutrition, … Continue reading Empowerment Retirement Survey …
Kids are expensive. Parents are always excited when their kids grow up and are finally ”off the payroll”. Still, when we are together with our son, we always tell him, “it’s on us”. We’ve been blessed financially. We also only have one child. He’s a smart guy and handles his money well. As a result of all of these things, it’s very easy for us … Continue reading It’s On Us …
An online group recently discussed the question “what are some ways that you SPLURGE or treat yourself in retirement?” Over 740 people responded to the question with many saying that a lifetime habit of pinching your pennies for the future is a difficult habit to break. Far and away the top comment was “More Travel” – especially upgraded with first class seats, 5 star hotels, … Continue reading 80 Ways People Splurge
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