Skip to Content

Depression and Personal Finance

When I was a boy I was diagnosed with the disease. Later doctors tried a cocktail of medications to tone down the highs and lows. Lithium did nothing. Prozac and similar drugs were ineffective. They even tried scary drugs that really messed with my head. Eventually the medications were ended and I attended therapy to understand my triggers and methods to control an episode.

Here is the funny thing. I never had an overwhelming debt burden in my life. I grew up poor on a farm in rural Wisconsin, but we always had food, family life was good and I never felt like we were poor until I got older and the outside world reminded me what I am.

Later I married the best woman on earth and she blessed our household with two incredible daughters. Home life has always been good for me. I got lucky. With a predisposition for mania followed by depression, I found a way to create a life that minimized triggers. Like I said, lucky.

Read More about Depression and Personal Finance

Finding Focus in Chaos

The world is crazier than it is sane. People complain about having no money and then get rid of what they have as fast as possible. How many people can’t make it until the following week without money issues? A short week and most people are already down to fumes. Thank God, payday is Thursday so you can stop at the bar on the way home. Anything to relieve the stress of money.

Chaos is all around us. Concerns over an overheating stock market and economy are always present in the background. If it isn’t the economy being too good, it’s the bad economy. There is no just right.

Before anyone forgets, there’s plenty of chaos from politics. Talk about a distraction! Best if we all stand alert in case Rex Tillerson, the current Secretary of State, calls us for advice. One never knows.

Read More about Finding Focus in Chaos

How Rich Am I? How Rich Are You?

Over the years I have been accused of being a millionaire by clients. The quest was to discover how much wealth their accountant had. I was mum.

Few of my local clients read this blog; only the few who do know the scope of my wealth and understanding of money. The inquisitors would have been excited to know the truth.

The allegation began the same every time. A discussion on money and wealth building led to the client asking, “You must be at least a millionaire?” I smiled and shrugged. Like my grandfather, I kept my mouth shut about what I had.

Before I reached the seven figure level I felt comfortable with people believing I had more than I did. For some reason people think you are smart if you have more than two nickels to rub together. Money does not make you smart! I could give plenty of examples, but I must protect the guilty.

Read More about How Rich Am I? How Rich Are You?

Fear and Doubt

Every experience in your life until this moment was a dress rehearsal for now. Comfort is your worst enemy. Change is the only path to a brighter future. And fear and doubt follow in step.

Mediocrity is what we get when we say “life is good enough” when a new opportunity knocks. It happens in all areas of life: business, investing, job, family and relationships. A chance to improve is delayed or denied because we say, “I’m okay with where I am.”

The real truth is we are afraid; we have doubts. What if I marry this person and they stop loving me? If I leave an abusive relationship, where will I go? How can I possibly save more of my income? Index funds aren’t guaranteed and can lose money! What if I fail at this business or side gig?

Read More about Fear and Doubt

The Government Paid Me a Visit

I knew this day was coming. I did my best to hide it from you, dear readers. The government has had it in for me for decades. They tolerated my antics as a small town accountant, but now, with a blog growing in popularity, their patience has reached an end.

In the past I was given subtle warnings. Yesterday, and now this morning, the warning were not so subtle. It really isn’t that bad. They offered me the job on a regular basis in the past. The rules are simple: no more blogging; no more tax office. You work for us now.

My heart is heavy. After serious consideration I am accepting their offer. The pay is a solid six figures and all I have to do is spread misinformation getting taxpayers to overpay their taxes, thereby giving the government more control and power. For decades I have been the solution, now I have joined the problem.

Read More about The Government Paid Me a Visit

Tricks to Beat Procrastination

I’ve been putting off this post for a while. Now is as good a time as any to get it done.

Now that I got the obvious joke out of the way it is time we discuss a serious issue facing us all: procrastination. When we least need it, our desire to finish, or even start, a task is put off. There are a variety of reasons for procrastination. The job might be distasteful, it might be a large project, or you might not fully understand the task.

Fear keeps us from acting. We all have had experiences where we put something off and put it off and put it off, only later to find out, once we started, the project wasn’t that bad after all. Many times procrastination begins when we are mentally overwhelmed by the task. Either your to-do list is longer than Santa’s on Christmas Eve or you started a task and hit a road block. Once that dreaded file is put to the side it is in a kind of purgatory. Starting again is almost impossible.

Read More about Tricks to Beat Procrastination

Enjoying Life Versus a Happy Life

When you read the Stoics and personal finance blogs in the vein I write you quickly learn the goal in life is happiness. Money, retirement, and financial independence are all cash words we use to make our case about happiness. Saving and investing a large portion of our income building a solid nest egg allows for less work and more happiness.

Then I wonder if there is more. I’m a happy guy no matter where I am. I am content with what I have; I have all I need or want. Happiness is a state of mind. Anyone can be happy any time they choose to do so. All you need to do is learn your happiness triggers and then trigger them.

But what about enjoyment? How do we trigger enjoyment? If happiness is something we choose to be, can we also choose to enjoy? These are interesting questions I want to explore.

Read More about Enjoying Life Versus a Happy Life

Destroying Fear with Stoicism

Fear destroys dreams and happiness faster than any other thing can. Fear of failure prevents us from starting a business; fear of rejection causes us to pass on a dream date; and fear of the unknown forces us to keep working a job well beyond the point we could retire. This simple four-letter word pushes us back against the wall, draining all the vitality of life from us.

Fear paralyses. The opportunity to speak to a group is unrealized because our stomach turns and our heart stops due to fear, as if the audience will rush the stage and beat you. (Well, there was this one time I was speaking. . .) All the happiness you deserve in life is passed each time you allow fear to rule your decisions. There will be failures and rejections. Once you understand this is part of life you can focus on the important stuff and say “yes” to the opportunity for a date with the girl of your dreams or start that business.

Read More about Destroying Fear with Stoicism