Education
Where does all the money go?
A Deeper Dive into Government SpendingBy Bob Peters || November 4, 2024An Insurance Company with an ArmyEvery citizen should understand how he/she is taxed and how our government spends those tax dollars. As mentioned in the blog post, Historical Tax Rates,...
Historical tax rates, government expenditures and the size of the federal deficit: Why it is important to understand
Historical tax rates, government expenditures and the size of the federal deficit: Why it is important to understand. Where would you cut spending? Who should pay higher taxes? Learn first.
Embracing a Total Cost of Ownership Mindset will be helpful
Many folks underestimate the total cost of owning an asset after the initial purchase. Whether its a car, a home, or an “experience”, you will be well served to have a total cost of ownership mindset.
Health Savings Accounts can be awesome for your financial security
The Government currently gives you an investment vehicle that is second to none. If you can take advantage of an HSA you should certainly do so.
Watch out for Buy Now Pay Later offers
Buy Now Pay Later programs should be avoided because the downside risk is greater than the short term dopamine hit of the purchased item. Just because you can, does not mean that you should.
Insurance: Why it’s important and things to consider
Paying for insurance can seem like a waste of money as months or years can go by without ever making a claim. But insurance can save you from financial ruin so its important to include in your budget
Integrity, Trustworthiness and serving your Best Interest matters
Being a trustworthy person of the highest integrity will serve you well in life. Should you ever consider utilizing the services of a Financial Advisor expect them to always serve your best interest.
Financial Literacy increases your wealth and the Importance of Simplicity
Research has shown that being financially literate can increase your net worth by 30-40%. Don’t let the Perfect (Complexity) be the enemy of the Good (Simplicity).
A Book elaborating on the University of Texas 2014 Commencement Address given by Admiral William H. McRaven: Make Your Bed, little things that can change your life and maybe the world
This exceptional man, a retired four star Admiral who led the Navy Seals, recounts the 10 principles he learned in Navy Seal training that helped him overcome challenges and adversity. The book is a quick read and the video of the actual Commencement Address will give you goose bumps. Over 10 million viewers have seen the video.
A book: Thinking Fast and Slow, Daniel Kahneman
The 2002 recipient of Noble Prize in Economic Sciences was an early academic pioneer to explain how human brains are wired for Fast (System 1) and Slow (System 2) processing and how these systems impact financial decision making. Kahneman gives you practical ways you can be better armed against the human brain mechanics that can result in poor decision making.
A book: The Geometry of Wealth: How to shape a life of meaning, by Brian Portnoy
Brian Portony, PhD and CFA, is a well respected academic and author in the field of behavioral finance. This is not a get rich quick read. Rather, Portnoy takes you on a journey to think about how money overlays into a joyful life. Portnoy covers off on the difference between Experienced and Reflective happiness which grounds all of us, regardless of our individual financial circumstances.
A Podcast: Rules of the Money Game, The Morgan Housel Podcast
I'm a big fan of Morgan Housel and highly recommend reading his book, The Psychology of Money, as well as bookmarking his Podcast. The link above takes you to his 3rd podcast episode where he discusses his top 30 rules of the money game...good stuff. Enjoy.
A Website and Videos: USA Facts.org
If you are eligible to vote in the US you should do so. How you vote is based on your own values and personal priorities. Future prosperity will be influenced by public policy and how our elected officials vote on a wide range of important issues. Steve Ballmer, has founded a non-profit to consolidate US government data in important areas such federal debt/deficits, immigration, healthcare, etc. You can visit the site or sign up for a weekly newsletter. Just the facts...you make your decision.
Recent Posts
Where does all the money go?
A Deeper Dive into Government SpendingBy Bob Peters || November 4, 2024An Insurance Company with an ArmyEvery citizen should understand how he/she is taxed and how our government spends those tax dollars. As mentioned in the blog post, Historical Tax Rates,...
Historical tax rates, government expenditures and the size of the federal deficit: Why it is important to understand
Historical tax rates, government expenditures and the size of the federal deficit: Why it is important to understand. Where would you cut spending? Who should pay higher taxes? Learn first.
The Haystack has all of the winners that you need
The Haystack has the winners that you need By Bob Peters || August 1, 2024Avoid getting poked by the needle The phrase, finding a needle in a haystack, connotates the near impossibility of finding someone or something. When it comes to investing it may not be quite...
Time: The same investment can be either risky or prudent
The same investment can either be risky or prudent depending on your time horizon. Volatility and expected future returns should align with your short, intermediate and long-term goals.