Author: Douglass Gaking

The Net Worth Budget

You know that you need to budget, save, and pay off debt. Your parents, your teachers, your friend who is a financial advisor, and the morning news show you watch have all told you so. You made a list of bills and expenses and subtracted them from your income, figured out how much you had left, and maybe put some of that into your savings account every month. You’ve been doing that for awhile and don’t seem to be getting anywhere. The savings always gets spent, or somehow the money never makes it into savings in the first place. Something always comes up. The student loan debt seems like it is never going to go away, and saving up to buy a house is never going to happen. It’s time to look at a new approach to budgeting. Continue reading “The Net Worth Budget”

Advertisements

Budget Breakers

I have been wanting to put this lesson together for awhile. I created an annuity spreadsheet to calculate the long-term impact of various spending habits. What would your retirement income look like if you brewed your coffee at home instead of going to Starbucks or drove a sedan instead of an SUV? When you replace small spending habits over a 30 year period and earn investment returns on the savings, the difference can be tens and even hundreds of thousands of dollars. Check it out:

The Constitutional Case for the EPA

sky clouds building industry
Photo by Pixabay on Pexels.com

There has been a lot of attention around President Trump’s director of the Environmental Protection Agency (EPA), Scott Pruitt. It was clear when Pruitt was appointed that the Trump administration was not taking environmental protection seriously. Pruitt has proved this assumption right by spending taxpayer money frivolously as well as using his post to help his wife find a job. While the Obama administration took the EPA’s responsibilities more seriously than this administration, it had its own share of failures, including taking 10 months to act on information that the city of Flint was not properly treating its water to prevent toxic lead contamination. The EPA has needed better direction for a long time. Let’s explore why that is so important. Continue reading “The Constitutional Case for the EPA”

Book Review: Save, Spend, Invest, Give

Save Spend Invest GiveIn Save, Spend, Invest, Give, Daniel Pecaut shares his expertise on personal finance as the CEO of an investment firm for over 30 years. Pecaut is a value investor inspired by value gurus like Warren Buffett and John Templeton. However, this is not so much a value investing guide as it is an inspirational personal finance guide. Continue reading “Book Review: Save, Spend, Invest, Give”