by Steve Cummings | Feb 15, 2021 | Budgeting, Financial Independence, Saving
Looking for places to live can be a daunting task. We need to weigh the pros and cons of each place. How do you pick an area? Here are the pros and cons of living in a HCOL vs LCOL area. HCOL is an acronym for “High Cost Of Living,” and LCOL stands for “Low Cost Of...
by Steve Cummings | Feb 1, 2021 | Financial Independence, Investing, Saving
Asset allocation is all about how you break down your assets into different categories. Some people break down their assets into categories such as stocks, bonds, and real estate. I have broken down my portfolio to show you what I own. My Investment Strategy: The...
by Steve Cummings | Jan 4, 2021 | Financial Independence, Saving
“Patience is a virtue” my father would always say to me. If you think about it, patience truly is a virtue. Oftentimes, we want things now. That is not the way the world works. Those that want instant gratification often end up on the wrong side of the stick. It is...
by Steve Cummings | Dec 14, 2020 | Financial Independence, Investing, Saving
Rich people think differently. They have a different mindset. A mindset for gaining assets instead of liabilities. They work hard on their goals that they set and continue to achieve them. Living paycheck to paycheck is not something they do. So why do rich people...
by Steve Cummings | Dec 8, 2020 | Saving
Let’s begin to talk about savings accounts. First of all, savings accounts are the place you want to save your money for like an emergency fund. It is a good place to park your money until needed. Usually an emergency fund is anywhere from 3-6 months worth of...
by Steve Cummings | Nov 30, 2020 | Financial Independence, Investing, Saving
“The first $100K is a b*tch, but you got to do it”. Charlie Munger said this at a Berkshire Hathaway meeting. It truly is hard to get your first $100k. It takes saving, investing, and staying out of debt. Plus it is all about consistency. It took my wife...
