Back in 2018, I decided to join a local softball league in San Francisco. I was one year into being a stay at home father and I was determined to expand my social network. Tennis had always been my sport, but I thought it would be nice to mix things up. The softball league turned […]
Biggest Cost Of Owning A Car: Opportunity Cost Read More »
Healthcare affordability continues to be a concern for millions of Americans. When the Affordable Care Act (Obamacare) was enacted in 2010 I was happy. A universal healthcare system would insure the ~47 million Americans who were previously not insured. After all, disease doesn’t discriminate between rich and poor. Also, being rejected for healthcare coverage due
How Much Should I Pay For Healthcare? Introducing The Health Affordability Ratio Read More »
A car is the ultimate status symbol for insecure people. Let me explain why not following my 1/10th rule for car buying is more due to the unhealthy desire for status rather than the inability to be frugal. As I was returning home in Rhino, my 2015 Honda Fit, a late model Porsche Cayenne SUV
A Car As The Ultimate Status Symbol For Insecure People Read More »
If you want to be rich, never buy a brand new car or a car in its first year of redesign. I’ve been a car fanatic forever, but I’ve also been a personal finance blogger since 2009. My goal for everyone is to reach financial independence sooner, rather than later. After owning Moose, my 2000
Never Buy A New Car Or A Car In Its First Year Of Redesign Read More »
If you were to guess what the average new car price is nowadays, what would you guess? I guessed $25,000, since my Honda Fit is sweet for an economy car and only costs $19,600 new. Given I’m frugal, leaving a 20% upside pricing buffer seemed logical. Too bad I was way off! According to Cars.com, the
The Average New Car Price Is Unbelievably High Read More »
If you want to save money on car maintenance, never go to the car dealer for service. A car dealership is the most expensive way to service your car. Their hourly rates are much higher than an independent auto shop. The other day, Moose’s battery light went on. Unlike the three other yellow error lights
Never Go To The Car Dealer For Service Read More »
A car is one of the most expensive things you can ever own. Not only do you have to buy the car, you’ve got to then fill it up with gas the more you drive. Then add on the costs of tickets, parking, maintenance, paying to fix your car after accidents, and the ongoing cost
How To Save Lots Of Money On Car Insurance Read More »
As the creator of the 1/10th rule for car buying that has saved millions of Americans from financial ruin since 2009, I’m here to tell you about the importance of car insurance. In order to drive a car in America, you must have car insurance. At the very least, you need you need liability coverage,
Determining How Much Car Insurance You Really Need Read More »
The Federal Reserve’s decision to cut the federal funds rate on July 31, 2019, the first time in 10 years, signifies several things: 1) The Fed screwed up in December 2018 by hiking rates for the 9th time in three years. Cutting rates just 7.5 months after hiking rates is like getting a divorce within
A Fed Rate Cut Is A Sign We Should All Buckle Down And Be Careful Read More »
If you have a car addiction problem, you’ve come to the right place. Back in my 20s and early 30s, I bought eight cars over a 10-year time frame. It was clear I had a car buying problem that needed solving. I originally wrote this post on July 11, 2009 when I first started Financial
8 Cars in 10 Years: I Have A Car Addiction Problem Read More »
