Friday was the 30th Anniversary of the Wall Street’s Black Monday Crash on October 19, 1987. I remember sitting in college that afternoon and my friend telling me he heard on the radio that the Dow Jones had dropped over 500 points that day (508, to be exact). I was incredulous that the market could drop that much in one day (-22.5%) and imagined that … Continue reading Black Monday Anniversary
After two posts this month assessing the tremendous cost of cars, their depreciating value, and ongoing repairs, I thought I would give partial time to acknowledging the incredible fun of cars. After all, while the financials are negative, they do provide many, many intangible benefits that help make life a joy. Similar to cabin/cottage life, world travel, or owning a speedboat, driving a cool car … Continue reading “Every Day This Man Takes A Vacation”
I’m continuing the discussion from my last post on the cost of vehicles by looking at the differences in the total cost of ownership for different models – basic transportation and luxury vehicles – over time. In April, I analyzed the impact of luxury homes on the number of years someone needs to work and reached the conclusion that trading up to a luxury home … Continue reading Financial Analysis: How Many Years Of Work Would A Luxury Vehicle Cost You?
We have had a BAD run of luck when it comes to car repairs this year. In the last 90 days, we have tallied close to $5,250 on our highly-engineered, but aging SUV and Sedan. They are nice models – a 2011 BMW X5 and a 2012 Mercedes 300C – but now that they have celebrated their 6th and 5th birthdays, they are heading to … Continue reading The Cost Of Keeping Cars Grows More Visible As Time Goes On
Some homes are well-cared for and maintained, while others are seemingly left to rot. Depending on the owner, it is either the best of times or worst of times for the condition of the house. My brother closed on a house last Friday that is a bona-fide fixer-upper. It is a home that was left mostly empty for the last 10-15 years and requires a … Continue reading A Tale Of Two Homes
More than anything after returning from our vacation last month, everyone wanted to know what it was like to drive on the ‘wrong side’ of the road when we were in Great Britain. All together, we drove almost 20 hours from London to Bath, the Cotswolds to York, from Edinburgh to Inverness. Like many Americans, I had never piloted a right-hand drive car and driven … Continue reading FIRE Travel – Driving On The Wrong Side
At the beginning of the year – when we have our Financial Round-Up Day – I put down my assumptions for what I think the financial markets and economy will return for the year. I try to be conservative in my expectations, but use it to set investing goals and create a spending plan for the year. With autumn now in full bloom, I thought … Continue reading 2017 Market Predictions – Autumn Review
We are traveling in Scotland this morning, so just a quick post on the personal finance of traveling. Like most people, we charge almost everything we can when we travel. We keep a small amount of cash for small expenses, but otherwise charge away. One of the questions you inevitably get when you are paying for things with a card is “do you want to … Continue reading When In Rome, PAY As The Romans Do
We went to the Minnesota State Fair about a week ago and enjoyed all of the greasy food, unique exhibits, and saw Stevie Nicks in concert. Our State Fair, which lasts for 12 days, is the second biggest fair in the United States with attendance of almost 2 million people. One thing the fair excels at is getting those 2 million people to spend money. … Continue reading What’s In Your Wallet – Cash?
We dropped our son off at college yesterday to start his sophomore year. Naturally, I am reflective this morning about him and his adventures. He really had a productive summer. He worked part-time at a retail store and took three summer classes to get ahead on his Bachelor’s degree. My wife an I were astounded at how responsible he is. We met when we were … Continue reading FIRE Station Fun – Back To Campus
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