Hindsight is 20/20, especially when it comes to investing. I was just recently texting with a buddy of mine about this. We traded investing fails back and forth and had a good laugh. In thinking of some of my hits and misses, most errors made were from a lack of experience and knowledge. Here are a few things I’ve learned along the way that will hopefully provide some benefit to novice investors and help avoid investing mistakes. [Read more…] about Investing Mistakes I’ve Learned From Through The Years
Recently my wife and I celebrated our wedding anniversary. Another year to be thankful for who I’m married to and the wonderful family that we have. For a marriage to thrive, there has to be give and take and a great deal of teamwork. I got to thinking about the importance of teamwork when it comes to household finances. After seeing some other people’s failures and successes, here are a few suggestions. [Read more…] about The Importance Of Financial Teamwork
Gosh time flies doesn’t it? Fall is already upon us and I’m dreading the thought of winter. It tends not to be very kind to us in the upper Midwest. We are in that season when you might have a rainy 50 degree day or it might get to 70. Funny how those days in the 70’s are usually during the workweek isn’t it? [Read more…] about Find Your Balance In Life
Although much of the summer turned out to be not so much fun for us, Mrs. DS got me an awesome Father’s Day gift I’ve been meaning to write about. Truth be told, I’ve been waiting for a Traeger pellet grill for awhile but I wanted to catch it on a sale somewhere I could use gift cards. The smokers aren’t cheap, but when you grill 3-4 times a week, the cost is somewhat justified. The stars finally aligned on Father’s Day weekend. [Read more…] about Traeger Pellet Grill: What Are We Smoking?
Greetings Friends of Defined Sight!
Earlier this year we we shared an article how a budget and an emergency fund go hand-in-hand. Both are underappreciated and can be overlooked; only 39% of Americans can cover a thousand dollar expense. You don’t have to be an economics genius to understand this doesn’t cut it when life throws you curve balls.
Today we bring to you 3 scenarios of why you might need a huge @$$ emergency fund. These are 3 very real life situations that could happen to you, but we hope never do.
1. Your Home Is Damaged And Insurance Doesn’t Cover It
We shared in the last post our home was damaged by a flood, caused by our neighbor and we were in the midst of battling it out with insurance companies.
Our insurance company gave us the middle finger. Nothing covered. [Read more…] about 3 Real Life Situations That Require A Huge @$$ Emergency Fund