AUGUST 2019

 
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The boss told me at the beginning of the month to wrap up the projects because come September, it’s go time. they say august is for all intensive purposes the end of the year. I agree with that. The year has ended in my mind, I just got back from vacation. I have a lot of clarity in my life right now. I was really off track for most of the year. Wildly off track. I have begun to steer the ship back on course. We shall see how this goes

“The 100-Day Sprint begins on Sept 3 (the day after Labour Day in North America). It is the most vital 100 business days of the year. If you go into this sprint tired, you will limp to the finish line and not plan proactively for next year.” - Blair Enns

 

First time shoot B&W. It amazes me how much more these look like film photos just because they are in B&W.

 

On Sunday, the only thing I want to do is read the newspaper, read my book, drink coffee, and organize my shit.

I went to the beach, took a walk around my neighborhood and did my usual Sunday gig, these photos reflect that.

 

great storytelling

i love deep dives like this

 
 
 
 

I watched Once Upon A Time in Hollywood and that was the mood with this playlist. And A$AP is the truth.

 
 

Here is the biggest things from each chapter

Chapter 1

  • Nothing.

Chapter 2

  • Why are you insecure about money?

  • Identify why you are the way you are about money

  • Create short. Medium. And long term goals for your money.

  • Once you identify why you are the way you are about money and your goals, then you can attack it.

Chapter 3

  • Where do you stand financially

  • How to calculate your basic financial stuff to see where you are at

  • net worth = total assets - total liabilities

  • Get to the point where you have

    • a budget

    • check your net worth monthly

    • Contributing to retirement, via 401(k) or 401(b) or IRA

    • Deadline to be debt free, and actionable steps on how to do that

    • Not paying the minimum on debt

    • 750+ Credit score

    • Check all three credit bureaus every year

    • 6 months living expenses

    • Pay off credit cards in full

    • Investing in index funds

Chapter 4

  • Budgets

  • How to save by allocating each dollar in your paycheck to something

  • part of your check to your fixed expenses - rent etc

  • part of your check to your savings

  • part of your check to your emergency fund

  • part of your check to your retirement

Chapter 5

  • Banks

  • Switch banks with ones that have a 2% APY savings account thing - you save more money than typical banks that way your savings account makes you money not the .1% that Wells Fargo does, go to Discover, they're still a big bank and offer 2%. Free Money

Chapter 6

  • Credit Reports

  • credit score is a number of how reliable you are

  • keep your longest credit card and just make one purchase and just set an auto pay thing so you keep the account open, don't want to lose that good standing

Chapter 7

  • Credit cards

  • What kinds there are

  • How to pick one

  • only charge what you can afford to pay at the end of the month

  • rewards should complement your spending habits, don't get a travel card if you don't travel

Chapter 8

  • Credit Card Debt

  • What to avoid - payday loans and title loans

  • How to pay off your debt

    • debt avalanche - pay the minimum on all accounts and whatever $ you have left, you pay it towards the account with the highest interest rate.

    • debt snowball - you pay the minimum on all accounts and whatever $ you have left, you pay it towards the account with the smallest balance, to gain momentum and eliminate one at a time, while still paying down all the others.

Chapter 9

  • Student Loans

  • Find out how much you owe, get knowledge on it so you can make the correct choice once you have all the information - nslds.ed.gov

  • If you refinance your federal loans that loses eligibility for all federal perks like income driven repayment and forgiveness

  • Don't pay a third party to handle your student loans. You can enroll in any federal program for free. Save the money and put it towards your loans

Chapter 10

  • Debt

  • Pay yourself first - when your paycheck hits, make sure you allocate money to your savings first

  • Have a savings account that isn't from the same bank as your checking account, so you are less likely to take or check it.

  • Use tax return or holiday bonus to beef up savings

Chapter 11

  • How to deal with wanting to go out and being broke

  • Tell your friends you are broke and can’t go out

Chapter 12

  • Finances with your partner

  • Be open and honest when it comes to discussing finances with your partner

Chapter 13

  • Living at home

  • Save 50% of your check since you don't have high fixed costs

Chapter 14

  • Getting a raise

  • If you can't get a $ increase, ask for more vacation days or to work from home

  • Know how much people in your office make, know how much people in the area make before you go into the meeting

Chapter 15

  • Investing

  • Spend less and save more are the pillars to wealth but they mean nothing if you don't invest.

  • Contribute to a Roth IRA

  • Match employer 401 (k) plus 1-5% extra

  • Only start investing when;

    • you contribute to your 401(k)

    • 3 - 6 months emergency saved

    • no high interest debt

    • willing to do research so you don't get fucked by someone with charging you extra fees

  • JUST INVEST IN INDEX FUNDS - if you do anything, just do this

Chapter 16

  • Retirement

  • Compound Effect basically, if you save early, you'll be better off. Start ASAP fucking Rocky

  • If you leave a company and you have 401(k) started, you can roll that over to your next job or a Roth IRA, further research will be needed to do this correctly

Chapter 17

  • Financial Planner

  • Make sure your financial planner is credited by the CFP

  • Pick a planner that has experience in your field, don't get a retirement financial planner if you need a student loans financial planner

Chapter 18