Category: Money Management

How Much I ERN’ed This Year!

How Much I ERN’ed This Year!

Just got back from #FinCon18.  I met a ton of amazing people doing a ton of amazing things, and felt inspired to take on some new projects, but the highlight of it all…

OH MY GOSH I MET BIG ERN!

So an economist and a mathematician walk into a bar…

In a world where feelings trump logic and numbers are ignored in favor of made-up statistics, his blog is a refreshingly straightforward take on the math behind early retirement.  Needless to say, I was ecstatic to meet him in person.

If you haven’t checked out his blog, here are some of my favorites:

Life Energy for Money: A Fair Trade?

Life Energy for Money: A Fair Trade?

I’ve calculated my hourly wage since I started working.  It’s a simple salary divided by weeks divided by hours per week, no biggie.  Is there really more to it?  Yes, according to Vicki Robin and Joe Dominguez in Your Money or Your Life.  They establish that money is simply a thing you trade your life energy for, and step 2 of their 9 steps to transform your relationship with money and achieve financial independence is to establish your real hourly rate.

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Your Money or Your Life

Your Money or Your Life

As an introduction to financial independence, and the foundation of what it means to live richly no matter what your income is, the book hits the nail on the head.  Vicki Robin and Joe Dominguez have made waves with their 9 step program published in Your Money or Your Life since 1992.  This is definitely a great book to – in frugal fashion – check out from the library.

“Your money or your life?”  If someone thrust a gun in your ribs and said those words, what would you do?  Most of us would turn over our wallets. The threat works because we value our lives more than we value our money.  Or do we?

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How Much Should I Be Saving?

How Much Should I Be Saving?

I always recommend at minimum that you save 15% of your salary to put into retirement accounts, although it potentially means 40 years of work.  (If you start at age 25, you can retire at age 65.  Fair enough.)  Always take advantage of any employee matching programs, and contribute the minimum required to get the full match.  There’s not a one-size-fits-all answer for an overall savings rate, so let’s talk about what works for your situation.

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Long Hair Nightmare

Long Hair Nightmare

As I was roaming the aisles aimlessly at Marshall’s, one of my favorite discount home goods stores, I stumbled across a Keratin shampoo and conditioner.  I thought about all the articles I’ve read saying Keratin is great for keeping hair healthy and strong, and the ends of my hair were a bit dry, so I thought it might be worth the $12 per bottle.  Not exactly an expensive experiment, especially since my usual Aussie is $5 per bottle for approximately the same size.  So onward, for science!

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Adventures with Engagement Rings

Adventures with Engagement Rings

Huge kudos to my partner for nailing my ring.  Having never been engagement ring shopping before, I had no idea of what I wanted.  I like clean lines and delicate details.  I definitely wanted something durable (I’m accident prone, although my partner kindly calls me all-terrain).  Most importantly, I knew that I wanted something custom that came from the heart.

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Breakfast At Tiffany’s

Breakfast At Tiffany’s

Or maybe dessert, although there isn’t any icing on this silver cake.  I’ve bought myself lovely rings from Tiffany & Co. that I wear on a daily basis (and expect to for quite some time), and the cost per use is dwindling.  I keep the boxes, ribbons and bags lined up on my window sill in my bedroom.  Although I don’t do it often, I happened to give a house tour to my guests when they arrived for a game night last month.  Later during the Game of Things, “What’s something to be jealous of” prompted a response of “Tiffany’s” and all eyes turned to me.  What?!  No!  Absolutely not me!  There’s no need to be jealous!

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