FinCon is an annual conference for money nerds of all sorts, meaning I was with *my people* for four days (even longer, actually, as the wonderful Kara from Bravely put me up in Austin for three nights)! Two separate podcasts interviewed me (the Plutus award-winning Stacking Benjamins, and the soon-to-be-Plutus-award-winning Fairer Cents), I have half a dozen projects and/or inquiries to follow up on, my closet is now 100% stocked with workout shirts courtesy of exhibit hall swag, and I am pumped full of inspiration and drive.
First off, can we all agree that “How to Be Everything” is an amazing title for a book?
If you read enough self-help or management books, after a while they all seem to be just the same message repackaged over and over again (Not that anything can be totally original, but you know what I mean).
I watched Emilie Wapnick’s TED talk about “multipotentiality” close to a year ago on the recommendation of one of my best friends and deeply connected with the message. I’d read the book The Renaissance Soul years ago, and I figured How to Be Everything was just going to be another repackaging of the same idea. So wrong.
My condolences. Seriously, car shopping sucks. Here are a few lessons we picked up to make it less sucky, mostly focused on buying from a dealership (for Craigslist shopping, LifeHacker has you covered).
[This is a continuation of our previous article, Why Did We Just Spend $1150 Repairing Our $500 Car?, which you should totally check out if you haven’t already read it.]
Get a Burner Phone & Spammy Email
We love to shop around for the best rates, and dealers love to spam with calls and emails. I initially inquired about new car prices just for the hell of it on TrueCar (meaning I had to give an email and phone number), and I instantly got six different emails from four different dealerships. Months later, and some of them still haunt my voicemail. Take a note from drug dealers and get yourself a burner phone.
[Make sure to check out Part 2: “Wow, Yeah, Unfortunately We Need to Go Car Shopping — What Now?“]
So we just spent $1150 on car repairs… oh, and the trade-in value for our car is roughly $500 (from a dealer; we could surely get quite a lot more selling it ourselves, but probably still less than $1150). When does spending more money on repairs than the value of the car make sense financially? Let’s explore [cue evil laugh].
Hey, all! Felicity here, announcing a guest post from Troy of Market History. Troy’s site is a treasure trove of detailed, historical market data. You’d be hard-pressed to find a more comprehensive source, short of paying Bloomberg half of an average household’s income. Additionally, Troy explains historic market actions for those of us who are a little more clueless. Ever wonder why the dollar peaked in 2001 and 2002? Or a quick summary of all the peaks and valleys, with corresponding news events for any given year? Troy’s got you covered.
Troy also goes a bit against the grain compared to the typical early retirement / Financial Independence Retire Early (FIRE) blogs, in that he doesn’t put all his investments in index funds and walk away. He thinks it’s very possible to have above average returns by doing your research and timing the market based on fundamentals. While this is likely not a viable approach for everyone (we can’t all be Troy), it seems to work well for him. This post is keeping it simple with advice for everyone, though!
Take it away, Troy!
It’s hard to say exactly what investors SHOULD do because there are so many different investment strategies. There is no single “best” strategy that will outperform all the rest. However, there are certain things that no investor should ever do, regardless of his or her investment strategy. Once you know what you shouldn’t do, the field of things that you can do becomes much narrower.
In my freshman engineering seminar, there was one phrase forever drilled into my head: “Engineers Solve Problems (ESP™).”
ESP was the one thing that brought all the disciplines together – from six sigma-ing industrial engineers to code monkey computer engineers (engineers can be super cliquey).
So how can you be like an engineer? You guessed it – by solving problems. Why would you want to? Oh, man, because engineering is cool? No? Okay, how about saving money, time, and sanity? Yeah, I thought so.
Step 1: Destroy Mental Barriers
“But everyone solves problems,” I hear you groan, “What makes engineers special?”
Happy International Happiness Day! This is a preamble into an upcoming article on hacking happiness with actual numbers and charts and graphs.
And, as always, this is also an excuse to show off adorable dog pictures:
Recently I’ve had the pleasure of corresponding with an absolutely lovely young couple that wanted some advice. For anonymity’s sake, let’s call them…Amelia and George. Amelia and George are wonderful savers, partially due to necessity right now, as George is a full time student and Amelia is the current breadwinner with a small salary at a nonprofit. They both have sizeable side-hustles that are bulking up their income, but money is tight.
And they really want a house, possibly even a tiny house. Oh, and they have no credit score to speak of. Oh, and they may have to move in two years after George has graduated. Oh, plus, since we first started communicating months ago, a decision has already been made – the suspense!
In this post, we’ll cover what SSL Certification is (short answer: that “https” thing), why bloggers should care about it (short answer: don’t freak out if you don’t have it), and how to get it entirely free (Fergus did it in roughly half an hour!).
Steve from Think, Save, Retire wrote a great piece on what SSL is, why it matters, and why it generally does not matter much to blogs. Steve’s got a wonderful blog, has very recently retired, and is super supportive in the Personal Finance blogging community.
There are, however, two additional things about SSL certification that are important to note that prompted us to write this article:
- SSL Certification does not mean $$$
- There are instances where it could make a security difference to blogs
It’s not like we have never donated to charities before. We’ve sent the Red Cross the odd donation, and we’ve donated on behalf of coworkers running for charity. We’ve even pitched in for a couple Go Fund Me’s for friends in tough situations. It was just never a lot – $200-$300 a year at the most.
This year, we’re 10Xing that.