Wondering where I’ve been lately? Well, I’ve taken advantage of some post-operative convalescent leave to concentrate on finishing my book. As a result, I haven’t spent any time writing new content for the blog. Fortunately, though, Chris Pascale saved the day and offered to write a guest post for this month. Chris is a published author, father, husband, accountant, teacher, and former U.S. Marine (although I’ve been informed there’s no such thing as a former Marine). He’s also a big fan and friend of the blog.
Chris reached out to me last year (2018) after he heard my interview on the ChooseFI podcast. He believed we had a lot in common including military service, money issues, and PTS. To prove it, he sent me a copy of his most recent book of published poetry called War Poems: A Marine’s Tour 2003-2008.Continue reading →
I’ll have you know that I do most the cooking on Thanksgiving in our house.
Happy Thanksgiving
“What are you thankful for this year?” is a commonly asked Thanksgiving question. It’s usually asked around dinner tables, which is where we Americans typically celebrate this holiday designed to bring us together and reflect on the bounty in our lives. In fact, Mrs. Grumpus and I asked our children the same question tonight as we ate.
Grumpus Minimus #1 (the older one) dutifully answered that he was thankful for his mom, dad, family, and friends. He then proceeded to list every single one of his friends. Grumpus Minimus #2 (the younger one) said he was thankful for Hickam Air Force Base, where he likes to go and watch Hawaiian airline’s planes land (Hickam AFB shares a flight line with the Honolulu airport). I bet no Air Force Base has ever been loved as much as GM#2 loves Hickam.
This is the last article in my Trump Trade War series. In it, I address investment strategies to mitigate what I perceive as the worst potential effects of the Trump Trade War for investors on a three to nine-year investment horizon. This is by far the hardest time period for which to devise investment strategies due to the uncertainty surrounding the next potential recession and Bear Market. However, I felt I owed it to my readers who’ve stuck with this series thus far, and to those who also find themselves within this investing window. Continue reading →
Let me level with you up front: I don’t have a lot of experience with insurance products — especially the type that mirror investments. Prior to my experience related in the below story; the only other time I dealt with insurance investments was successfully extracting Mrs. Grumpus from one of the two products she invested in as a young worker in her home country. Up to now, I really hadn’t given them a lot of thought. As a result, I never held strong opinions about them in either direction. Maybe the most I ever felt was lucky for not getting involved with them — which I suppose is better than the regret I routinely express from other investment choices!
Of course, I’m not completely unaware of the arguments for and against such products. I hear them routinely denounced on several podcasts I listen to. Jill Schlesinger from “Jill on Money” is probably the most vocal, but certainly not the only one. The costs associated with such insurance “investment” products are often what draws the most negativity. Insurance sales people who push insurance products as a panacea to all money problems, is another issue that stirs emotion the wrong way.
As a result of the problems identified in my previous article with Mint.com’s annual “Net Savings Over Time” report, I decided to nerd out on money tracking again. Apologies to those of you who don’t enjoy these articles as much as some of my others. However, much like Darrow Kirkpatrick did with retirement calculators, I believe it’s important to understand the pluses and minuses associated with popular money tracking software. This is especially crucial considering the importance I place on tracking money, to begin with.
I spent several days prior to writing this article improving the fidelity of my data in my Mint.com account. I also rebuilt my entire 2017 financial year in Quicken. Doing so allowed me to total my net savings for the year in Quicken and verify if I made any mistakes with my Mint calculations.
The now infamous Net Income Over Time report display
To refresh everyone’s memory, when I initially ran Grumpus Familias’s net savings for 2017 through Mint as part of my annual end of year fiscal review, it reported we saved $70.5K. However, I didn’t trust that number due to my inability to verify whether or not Mint accounted for our annual Roth IRA transfer. The program, as far I could tell, didn’t allow for that determination. After spending a few days double checking entries, modifying several transaction labels, and re-displaying reports; Mint now shows an annual net savings of $69.5K. Obviously, I had approximately $1K of transactions mislabeled in my previous report. However, I still cannot verify exactly how Mint determines expenses and income for this report. As a result, I don’t trust this number any more than the previous one. Continue reading →
In case you can’t tell from my title, this article is a follow-on to my previous two “Tracking Your Money” posts. In the first article, I reviewed my historical use of various software applications to track my money over the past 20 years or so. In the second, my brother (Grumpus Brotherus the Younger) reviewed the software application called You Need A Budget (YNAB).
If you did not read the first post in this series, you probably should. I don’t just say that because my brother’s post sucked (it did), and I think mine is much better (it was), or I want the extra site traffic (I do). No, I say that because I actually made a few worthwhile points in the post … if I do say so myself. However, if you’re unwilling or unable to go to the post, let me provide you a re-cap. Continue reading →
I am sitting at home on Thanksgiving 2017 with a turkey breast on the smoker and some time on my hands to reflect. I find the Grumpus Minimi (pronounced min-EE-my) thankfully entranced with Charlie Brown specials, and Mrs. Grumpus busy making the pumpkin pie. Yes, for this five minutes my life feels like a Norman Rockwell painting (ignoring the Hawaii climate). I have much to be thankful for with respect to my life, this year more than any other. I hope as you’re reading this you feel the same way. If so then I believe our thoughts are aligned with the original intent of this holiday.
We’ve moved on to Paw Patrol apparently.
I’ve always loved Thanksgiving. A day set aside by one of the richest nations to ever exist in human history in order for its citizens to reflect with friends and family on the bounty that life found fit to bestow upon them, always appealed to me. Declared a national holiday in 1863 at the height of the U.S. Civil War, I would also suggest that part of the original intent included a belief by then President Lincoln that we should be thankful despite the hardships life has set in our path. As any student of U.S. history can tell you, my nation has thankfully never again seen such hardship as the Civil War. Continue reading →
This past week was a big one in the short history of the Grumpus Maximus blog. My first guest post on a much bigger website drove a record amount of traffic to mine. The guest post was a result of collaboration between myself and Darrow Kirkpatrick of www.caniretireyet.com. I am happy to consider Darrow one of my two main mentors in this blogging adventure. My introduction to Darrow was facilitated by my other mentor, Doug “Nords” Nordman, who founded the Military Guide blog. Darrow and Nords are both great guys, not only generous with their time but knowledge as well. Together they make up my team in the blogging sphere. Whether or not they know it, their willingness to help me succeed translates into a special kind of teamwork for which I am immeasurably grateful.
Da Komrades, we built this victory monument to commemorate your week.
I blogged recently that when I retire from the military, what I will miss most is working with the great men and women I’ve had the honor of serving with and leading. For some reason, I’m the type of person who draws great satisfaction from working successfully together as a team to accomplish goals. The military life, despite its many drawbacks, definitely offers plenty of opportunities for teamwork. While not the only career that offers this opportunity, if teamwork is one of your main motivations in life, I could think of no better occupation to enter.
The Post-Retirement Teamwork Challenge
It remains to be seen if I can successfully translate the satisfaction I derive from teamwork opportunities in my full-time career to retired life. For someone like me who needs the sense of accomplishment which comes with teamwork, it begs the question as to what outlet I will turn to when retired. Certainly, blogging might provide more and bigger opportunities to collaborate, and I look forward to the possibility. Yet, as I stated elsewhere on this blog, I started blogging as a means of therapy and to help a friend plot a path through a Golden Albatross moment towards Financial Independence (FI). I’m not ready to give those reasons up and place all my hope for fulfillment in retirement on blogging. Continue reading →
“Exactly What Do You Think Is Happening Here Captain?”
“Fists in the air in the land of hypocrisy.”
Raise your hands if it’s hard to determine where I come down on some of the issues I address in this blog. You’re not alone. I do it on purpose. The way I see it, for some topics, all I can do is describe the problem and provide some options to solve it. The choice is yours as to how to use the information I provide. I was reminded of that this past week as I interacted with several of my Golden Albatross Facebook group members about topics I should include in a money manifesto if I chose to write one for the blog. Continue reading →
Anyone who read my previous posts, An Unintentional Meander Up Grumpus Avenue Part 1 and Part 2 understands the cost associated with my decisions to either work with a money management professional, or go it alone. While I can’t promise that I will never use a professional service again, currently I am a dedicated DIY investor. However, it is not like I forgo all professional advice. It is simply that these days I do not pay for it. In this post I intend to show you how I saved thousands of dollars over the last three years, while obtaining professional level money and investing advice. I will also point you in the direction of where you might be able to obtain the same level of advice for free, or almost free. Continue reading →
