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LATEST BLOG POSTS
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The One Place World Travelers Forget to Visit
I have a confession; I’m a hypocrite. My greatest platform has been a complete lie. Please don’t blame me. It got out of control and before I knew it the lie was so big I had no way out with the exception of telling the truth.
From the beginning I railed against traveling while I’ve visited most of the U.S. states, Canada several times, Jamaica and Costa Rica. And here I am pounding out a post while traveling and sitting at the kitchen table of my first Airbnb stay. For a guy who whines so much about traveling I certainly do a lot of it.
Traveling has certainly been a love/hate relationship for me. The anxiety is almost overwhelming (sometimes it is and I collapse). This post will publish Thursday and I’m writing Tuesday night and the clock claims the night is closing in on 10:30. For several weeks leading up to FinCon the anxiety increased. Sleep turned fitful, my thought disorganized. I dreaded the flight. Most of all I dreaded all the people. Farm boys from the backwoods of Nowhere, Wisconsin never truly adjust when pushed into civilization. The savage is always there.
It is in this fog of insanity I realized I travel too damn much, but also realized I travel to places even the most seasoned travelers rarely go.
Paying Off the Mortgage vs Investing the Difference
One of the most difficult decisions you can make as you struggle toward financial independence is deciding between paying off the mortgage quickly or investing the excess funds instead. The water is more muddy when we see a roaring stock market for as far back as the eye can see coupled with low interest rates. The answer seems simple and obvious: pay off the mortgage as slowly as possible and invest the difference in broad market-based index funds.
You might also think people well past the mile-marker of financial independence would have an even easier choice. Once the risk of a market decline passes due to your excessive net worth, it is tempting to automatically choose the course with the greatest opportunity for maximum gain.
Your favorite accountant has struggles with the same decision: pay it off or invest. It all came to a head recently when the topic came up on Facebook. I gave my opinion and the fur flew. Before long my inbox was stuffed with requests for a fully fleshed out explanation of my position.
Where to Invest Your Money When the Stock Market is Overpriced
The stock market is in nose bleed territory and doesn’t seem to want to stop climbing. Economic risks are everywhere. Debt levels are high, interest rates are climbing, a trade war is breaking out and the market valuations are at near record high levels. In times like these investors get scared. The bull market is long in the tooth and “due” for a serious correction. But then again, using a gambling term might not be the best choice when investing your money.
It is rare when a client doesn’t ask me where to invest their excess funds. Virtually every client wants to pull money from the market but doesn’t know where to put the proceeds. Lump-sum payments and accumulated cash in money market accounts cause concern when the stock market would have been a much better choice.