Category: Financial

%Efficiency – Financial Monitoring

Earlier today I took a flight from Philadelphia to Rochester, so I had some time to kill.  I pulled out a notebook and started writing down some thoughts on monitoring my financials. A) Income B) Expense C) Income – Expense = Theoretical Savings D)…

Measuring your financial effectiveness

According to green car report, most internal combustion engines are incredibly inefficient at turning fuel into usable energy.  On average, most gasoline combustion engines average around 20% thermal efficiency where diesels are closer to 40%.  I can still remember sitting in physical chemistry discussing…

Early Retirement

If you play your cards right, you can retire early!  Sounds good, right?  As much as I love to daydream about my future, I need to make sure I am enjoying the present too.  For some this means spending a bunch of money they…

Planning for your children’s schooling (university)

Now that I have a 7 month year old child, I am thinking about the cost of college in 18 years because I know the cost will only rise.  According to cnbc, in 18 years the average cost for a private university could be as…

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…