When I was in college, I had a bit of a spending problem. I loved to buy new clothes, go out to eat and go to concerts. Even though I tried to budget, I always wound up overspending. The one financial rule I did follow? I always had a small emergency fund, with at least
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âDear Mr. Money Mustache… Iâd like to retire soon. Iâve had a good career and the numbers say Iâm just over the threshold, but Iâm still afraid. It would help if I had a solid plan for what to do after retirement – perhaps even make some money eventually. Because I think it would help […]
Kiwibank ‘offset’ home loan stuff up revealed by Banking Ombudsman Stuff
Clearing Your Mortgage vs Investing in Stocks is a post from Pocket Your Dollars.
What happens when a half dozen money nerds spend 48 hours together in Clearwater, Florida Do they romp on the beach? Swim in the ocean? Cook dinner together? Drink copious quantities of alcohol? Stay up until three in the morning, laughing and telling stories? Yes. Yes, they do all of these things.
But they also spend a lot of time talking about money. A lot of time talking about money. (That’s what makes them money nerds!)
For the past few days, I’ve been hanging out with some of my favorite fellow money nerds, including Mr. Money Mustache, Paula Pant (from Afford Anything), Joel (from FI 180), Marla (featured on this Mad Fientist podcast), Ben (who wrote this MMM article about how he gets his cars for free), and the effervescent Heather, who has no blog connections at all â but might someday.
Our little group has discussed many financial-related matters this week, some serious and some silly. One particular topic has occupied a great deal of our mindspace.
I’m not sure how it came up, but during a conversation between Ben and Paula, he asked what she’d do if she were given $100,000 with no strings attached. She said that she’d buy another rental property. (Paula is building a burgeoning real-estate empire.) Paula asked Ben how he would spend a $100,000 windfall. He didn’t know.
Paula and Ben then dove deeper. They tried to attach conditions to this theoretical $100,000 to see how that altered their answers.