Week End Round Up #88

Happy Friday! Welcome to our week end round up #88. Happy 4th of July weekend! Can’t believe July is already here. I’m still on the job hunt, but took some time this week to make these:

brookies
Brookies. We first had this on our family vacation in April, but since our youngest son has a peanut allergy he can’t eat baked good from a store or restaurant. So I figured I’d make them myself. What’s a brookie you ask? Is a brownie on the bottom with a cookie on top. These were amazing. Looking forward to some food and fireworks with family this weekend!

Enjoy your weekend everyone! What’s your weekend plans?

week end

Financial Stuff I was Pinged about this week:

Here’s a quick review of some financial stuff that came across my desk this week, which was interesting enough to share.
Yashi is a digital advertising company that provides technology and media services. As well as ad solutions for web site. Yes, so what’s the big deal there are 100 others out there like them, but what Yashi does differently is their focus is video ads and target advertising. To learn more visit yashi.com

Favorite reads from the week:

Thursday Rant: One Week is Weak @ 1500 Days to Freedom

Why I’m Not Hating on Dave Ramsey @ Frugal Rules

Financial Wellness: One Size Does Not Fit All @ Budget and the Beach

The good side of quitting @ Get Rich Slowly

Villain @ Income Surfer

Debtors Anonymous: An Interview @ Fruclassity

My favorite blogs::

Fruclassity
Richmond Savers
Prudence DebtFree
Frugalwoods
The Frugal Farmer
Even Steve Money
Enemy Of Debt
The Broke and Beautiful Life
Club Thrifty
Squirrelers

I continue to featuring Interviews of fellow Personal Finance Bloggers, please consider participating.

Please e-mail me for more details.

Have a great weekend!

Net Worth Update: June 2015

Welcome to our June net worth update. Well what a difference a month makes. June has been a busy month, tying up a lot of loose end after leaving a company of 20 plus years. Most is complete, only a few remain. I’m in the paperwork stage of rolling over my pension, after that I just need to find a new job. The extended time off have given me extra time to spend with the family and I’m taking advantage of it. I’m also taking some time for myself by getting some reading in and knocking some of those items off the “to do” list. It’s like getting a glimpse at what financial independence might look like and motivates me to get back to work to truly reach it.

Here are our June numbers:

net worth

Net Worth Details

Cash (+$38,856.00): Worked out all the details from my former employer. It’s nice to have the cash saving to lean on while I continue my job search.

401K now Vanguard (-$3,323.00): Completed the rollover from my former companies 401K to a Vanguard account. Pretty straight forward to do, I like have additional investment options now. Just need to keep the investment moving in the right direction, but no worries in it for the long-term.

Pension (+$223.00): Interest income added this month. I have started the paperwork to roll this over to the above Vanguard account as well. I hope to have it complete in the next few months.

529s (+$218.13): Upromise money deposited this money.

529

Autos (-$6.00): A very little dip. Still nice to have two paid for reliable autos in the driveway.

Home ($0.00): Still an estimate, we have no plans on moving anytime soon.

Mortgages (-$553.00): Timing of payments being posted caused the increased in principle reduction. Still on the slow and steady course with the mortgage. Still underwater, but we are getting closer to closing that gap. Our mortgage payment remains our biggest monthly expense.

net worth chart

How was your June? Have you done a mid-year check up on your 2015 goals?

Independence Day

Independence Day, no I’m not talking about the 1996 film that starred Will Smith, although every time I channel surf and find this movie I can’t seem to turn it off. I’m talking about the United States declaring independence form Great Britain way back in 1776. We are just five days away from the Fourth of July, a federal holiday for us here in the United States, a day that is commonly associated with fireworks, parades, hot dog eating contents, barbecues, picnics, etc. We will be celebrating with family, enjoying a barbecue and fireworks but as we began to finalize our plans for the holiday I couldn’t help think beyond just that day and wondered what other things we were seeking independence from.

Financial Independence

Financial independence is generally defined as having enough personal wealth to live without having to actively work. We have to change our mindsets, just because our parents work for the same company for 35 years doesn’t mean we have too or will, because in today’s work environment it’s really not a viable option any longer. It’s up to the individual to take control, build a plan and build wealth. What’s great about the FI way of thinking is it doesn’t matter how old you are, as long as you can generate enough money to meet you needs you no longer need a primary occupation. That may differ greatly for the individual, but the good news is you have many ways to obtain, you could accumulate assets, reduce spending, or aggressively save. Maybe even do all three, the path is up to you.

Independence Day
Location Independence

Independence from the cubical or the daily commute would be amazing, being able to submit my work from a sandy beach or my deck is pretty good too. Location independence is a growing trend thanks to technology. In a lot of cases you’re physically presents in not needs. Heck my son hosts skype calls with friends from multiple states to play online computer games multiple times a week. So if teenagers can master the technology to connect and transfer data, why can’t professionals? Think of it from an employer’s point of view, they are also saving money less physically space, building, electric/AC, coffee, etc. I ran into a friend recently who said his office shut down, and I thought he lost his job, he explained, no all they did was shut the physically office location down and everyone was working from home now, saving the company tons of money and giving the employee’s some schedule flexibility.

Career Independence

Career independence might tie into financial and location, but when I think of it I think of the entrepreneur. Entrepreneurship takes the control out of someone else hands, because when you work for an employer there are no guarantees. Building a business on your own takes control of your career by defining it for yourselves. It will be hard work and every decision should be thought through from keeping things simple, to spending, and working with partners. You may simply want to improve on an existing idea for your business plan, but once you have it defined marketing yourself and networking with everyone are keys to being successful. Now being your own boss might be harder than you thought, but as least each hour you work is for you and not someone else.

So no matter what independence path you seek, the good news is that any and all are within your control. So what are you waiting for? Go declare your independence now or at the very least you can go check Netflix’s because I’m sure the Will Smith film is available too.

What type of independence do you desire the most? What are you doing to achieve it?

Week End Round Up #87

Happy Friday! Welcome to our week end round up #87. What a week. I had a great father’s day, spent some quality time with the family. We went to see the movie Jurassic World. It was entertaining. There was an issue with the audio at the start of the movie, and they had to restart the film. So because of it we all got free tickets for another movie. School officially ended this week for our children and we took out twin for their driver’s permits. Both passed! Our pup Mushu was featured over at Frugalwoods as Frugal Hound host him for an interview. Also the wife and I were featured in an interview over at Nerd Wallet. Quite a busy week!

Enjoy your weekend everyone! What’s your weekend plans?

week end

Favorite reads from the week:

The Last Hundred Dollars @ MoneyWatch101

Don’t Spend Money On Things You Didn’t Know You Needed @ Enemy Of Debt

Fruclastically Frugal Interview #2 @ Fruclassity

My favorite blogs::

Richmond Savers
Prudence DebtFree
Frugalwoods
The Frugal Farmer
Even Steve Money
Enemy Of Debt
The Broke and Beautiful Life
Club Thrifty
Squirrelers

I continue to featuring Interviews of fellow Personal Finance Bloggers, please consider participating.

Please e-mail me for more details.

Have a great weekend!