Hello Dinks, I rarely go out on a limb like this because I'm no great prognosticator of future events. I think the war in Ukraine is likely to spread in a matter of a few weeks. Here is why I think this: Nato is, by degrees, involving themselves in the Ukraine conflict. The United States, United Kingdom, France and Germany are all openly supplying arms to Ukraine. … [Read more...] about Investing In The Event of A General War In Eastern Europe
List of Microincome and Microsavings Apps
Hi All, Like a lot of dinks, you probably have a full-time job and are interested in ways to economize without committing to a part-time job. So here is a comprehensive list of Microincome and Microsavings apps. By and large, these don't take a lot of time to set up and maintain. Many of them are also passive or semi-passive. All of these pay small amounts in cashback, … [Read more...] about List of Microincome and Microsavings Apps
How to Improve Financial Communication for Couples
Money arguments occur in many marriages, but they don’t have to. When you learn how to improve financial communication for couples, you will find that you have less to argue about because you understand one another. Once you’re on the same financial page, you can work together to achieve your goals, which sounds better than rehashing the same tired financial arguments month … [Read more...] about How to Improve Financial Communication for Couples
Why I Dined Out Constantly and How I Stopped
Years ago, when I worked full-time and my husband was a graduate student, we dined out several times a week in the evenings. In addition, I would go out to lunch with co-workers at least twice a week, and I would buy food at the college cafeteria the other days. (The food wasn’t that good!). I didn’t realize until a few years after I had stopped dining out why I wanted to go … [Read more...] about Why I Dined Out Constantly and How I Stopped
James’ March Wealth Update
All, It is mid-March, so I sat down and added up my net worth this weekend. My wealth was $402,000. This is up $386,000 from December of last year. The major components are my online business, the equity in my condo, stock, and some other assets. Here are the actual figures: Here are some highlights that are working for my wealth building - they may … [Read more...] about James’ March Wealth Update
What Are the Tax Strategies of High Income Earners?
As a DINK couple, you may find yourself and your partner in the enviable position of earning high salaries. While having a high income is a nice reward for hard work, drawbacks exist. One of the biggest is the amount of taxes that you have to pay. However, you can utilize tax strategies of high-income earners to limit the tax burden you face. … [Read more...] about What Are the Tax Strategies of High Income Earners?
6 Signs You’re with a Financially Compatible Spouse
The more compatible you and your spouse are, the smoother your relationship. When you live with or are married to someone who shares your values, you can more easily work together to reach your goals rather than fighting because you have different views and values. This is especially true if you’re with a financially compatible spouse. Not fighting about money but instead … [Read more...] about 6 Signs You’re with a Financially Compatible Spouse
How I Planned to Discuss End of Life Planning with My Parent
Recently, I drove 2,000 miles from my home to my 72-year-old mother’s home. I hadn’t seen her for two years, so I was excited to visit. However, I also had another motive in mind. While visiting, I wanted to discuss end-of-life planning with her. Imagine my surprise when she was the one who initiated the discussion with me! … [Read more...] about How I Planned to Discuss End of Life Planning with My Parent
Saving $1,000 – A Case Study
This posting is for everyone who wants to save money but has trouble doing it, or needs a case study on how to save money. Here is the backstory. I got sick of not having money and always needing to sell assets or put big-ticket emergency expenses on my credit card. For example, I had a 1997 Toyota 4Runner that needed an engine replacement — twice. Both cost $7,000 in total. … [Read more...] about Saving $1,000 – A Case Study
6 Things to Know Before Couples Combine Finances
One of the most intimidating tasks for many newly married couples is to combine finances. When you do so, you may feel vulnerable. After all, you’ve been handling your money independently for years; now you are going to trust another person to be as responsible as you’ve been all these years. However, if you can overcome your fear and share finances, your relationship can be … [Read more...] about 6 Things to Know Before Couples Combine Finances