Why discuss climate change in a personal finance and investing blog?Because climate disruption is affecting our lives and our finances and imposing massive costs on future generations.So… what’s the worst thing that middle class Americans do? We fly on airplanes. Flying has a large carbon footprint. Besides flying less, we can buy carbon offsets for…
Author: Financial Planning For Women
What’s the worst thing we do to the earth and how can we atone for our impact?
Why discuss climate change in a personal finance and investing blog?Because climate disruption is affecting our lives and our finances and imposing massive costs on future generations.So… what’s the worst thing that middle class Americans do? We fly on airplanes. Flying has a large carbon footprint. Besides flying less, we can buy carbon offsets for…
Skip the Valentine’s Day Roses if you care about the Environment
Quoted from NY Times Climate Forward By Jillian Mock “Another Valentine’s Day is here, and we all know what that means: paper Cupids, heart-shaped boxes of chocolates and the classic bouquet of red roses. Lots and lots of roses. This year, Americans are expected to spend $1.9 billion on flowers alone, according to the National…
Skip the Valentine’s Day Roses if you care about the Environment
Quoted from NY Times Climate Forward By Jillian Mock “Another Valentine’s Day is here, and we all know what that means: paper Cupids, heart-shaped boxes of chocolates and the classic bouquet of red roses. Lots and lots of roses. This year, Americans are expected to spend $1.9 billion on flowers alone, according to the National…
Mistakes are common in health care bills
Here’s a key way to prevent paying more for your health care than you should “At least 50 percent of the claims reviewed on behalf of DirectPath’s clients contain an error, according to the employee-benefits manager.” “Simple mistakes can result in higher bills, which means you should be checking every single bill you receive from…
Understanding Diversification with the Callan Periodic Table of Investment Returns
“The Periodic Table of Investment Returns depicts annual returns for 10 asset classes, ranked from best to worst performance for each calendar year.”https://www.callan.com/periodic-table/Click on: Download the PDF. I like this visual presentation of how asset categories fluctuate from yielding the highest returns one year to the lowest (or much lower) in subsequent years. The table…
Why save when interest rates are so low?
“What’s the point in saving your hard-earned dollars if you don’t know what it’s for?” asks Ross Menke. “By visualizing that future experience, you’ll feel in real time what lies ahead.”Jonathan Clements explains:“To get started with visualization, write down your goals in great detail. Once your specific goals are established, write down how achieving those goals will make…
Back to Basics: Compound Interest
Suppose you started with one penny on the first day of the month and then doubled it each day—to two cents, then four, then eight and so on.After 10 days, you’d have $5. After 20 days, you’d have $5,000 and, after 30 days, you’d have more than $5 million.Read the details in Jonathan Clements’ blog: https://humbledollar.com/2019/01/repeat-for-emphasis/…
Want to buy happiness?
Ross Menke’s five strategies:1. Help others,2. don’t let special treats become routine,3. favor experiences over possessions,4. hire others to do chores you hate, and5. pay now but consume later.Read Jonathan Clements’ advice at https://humbledollar.com/2019/01/spending-happily/ Source: Financial Planning for Women
Homeownership Reality
One of my favorite financial writers, Jonathan Clements, writes about “House Rules” in a recent blog post: “Real estate discussions almost invariably fall hostage to anecdotal evidence. We all know folks who supposedly made a mint in real estate, as well as people who lost their shirt. But forget the anecdotal evidence, and instead focus on statistics…