Category: Financial

Success blog stuff

I have been writing for several months on different strategies to better position yourself for future success.  The core of each strategy include knowledge, exposure, and courage.  Knowledge is crucial to making good decisions because without it, you are blind.  Exposure allows others to…

Making right decisions with what you know

There is so much information out there readily available to us at the click of a button, yet so many of us do not take full advantage of it.  By using google, yahoo, or many other search engines, we are able to easily search the internet. …

Cost of living and educational stats

Just recently, I wrote a blog titled Level of education and salaries.  I briefly compared education to average salaries and noted the highest ranked state and lowest ranked state in terms of median household income.  I took it one step further to dive into highest…

401(k) comparison to the average American

On occasion a student may say, “it’s acceptable for me to do poorly in my class because everyone else is doing bad too”.  I do not buy into this type of thinking because you might just be in a class filled with under-performers.  There…

Level of education and salaries

Maryland is the highest ranked state in terms of median household income with $76,805 in 2015.  Mississippi is the lowest ranked state in terms of median household income with $40,037 in 2015.  In 2015, the median household income for the United States as a…

Pay off your mortgage first

Many financial advisers feel strongly about investing more heavily than paying off your mortgage faster, especially if your APR is low (<5.0%).  Fortunately, I have a super low interest mortgage at 2.99%, but I still feel strongly about paying off my mortgage as quickly…

Key Performance Indicators… in finance

I have been tracking my finances with care for over ten years.  I have created countless graphs, charts, and tables to better understand my financial situation.  Specifically, I’ve looked for trends or patterns in the numbers to indicate where I should place my big bets….

Having the right tools… very important!

Early on in my career as a packaging engineer, the director of my team said to me, “without the right tools, how can we expect you to do your job?”.  This was over 5-years ago, but it still sits top of mind for me…

Spend less

Nobody knows your situation better than you do or at least should.  If you struggle to understand your financial situation, then recognize there is a problem and of course, opportunity to improve your situation.  There are people that do not dig into the granular…

8 Scary Financial Statistics

In reference to 8 Scary Financial Statistics – and How to Avoid Becoming One by Susannah Snider [US News Money], this is further motivation to get your financials in order.  Here are the 8 scary financial statistics: Two-thirds of Americans would struggle to scrounge up…

Control your spend

According to USA TODAY, the average U.S. household debt for specific categories is as follows: Credit cards = $16,883 Auto loans = $29,539 Student loans = $50,626 Mortgages = $182,421 If we take the sum of all four, we are at $279,469.  According to BUSINESS INSIDER,…

Getting into the details of your financials

Since 2009 when I started my career as a chemist, I began tracking my financials in great detail.  The way I track my money today is very different from when I first started tracking in 2009, but the purpose is still the same.  If…