Let me take you back for a second. We’re at this family reunion—kids running around, grills smoking, laughter, the heat 🥵—and I overhear two dudes in the corner talking money. Not the elders. Not people who’ve studied the game. Just two boyfriends of family members trying to out-talk each other with half-baked “financial wisdom.” And…
Author: Mr.TimothyDavid
This blog will be focused on many of my experiences and views as I live my life through the lens of wealth; wealth being from several perspectives including Personal (which concentrates on emotions), Physical (health/exercise), and Financial (work/passions/pursuits/Life /balance). Many of my posts will skew to Financial as financial literacy and education amongst historically disenfranchised Americans is one of my passions. I also enjoy sharing my experiences and knowledge with all who would like to hear and are interested in my perspectives. Thanks for reading my blog, and I look forward to growing with you.
Back From the Hiatus: A New Season, A New Level
It’s been a long time since I’ve sat down to write like this. Life has been loud, unpredictable, transformative; and honestly, I’ve missed contributing to this blog more than I can explain. But here we are… back at it again. A little older, a lot wiser, and definitely stronger. So much has happened during the…
To Roth or not to Roth, that is the question
The Great Conundrum Traditional Accounts allow you to save on taxes as the contributions are deposited prior to any deductions being taken from your paycheck. Pre-tax contributions reduce your taxable income by the amount you contribute, in example if you make 40k and contribute 19k to your pre-tax retirement account, your taxable about would be…
Adjusting Finances in a Pandemic
When confronting the complexities in life, just as in mathematics; always remember to break the problem down to the simplest terms then solve. When the pandemic initially hit, we were in the midst of focusing our energy on servicing and paying off our remaining student loan debts and mortgage on our primary home. At the…
I’d be happy if I only had…….
If I only had ….. If I only had a new car I would be happy If I only had a woman/man that made over six figures, I’d be happy. If I only had a 3,000 square foot house with 5 bedrooms, and 3 bathrooms, I’d be happy. If I only had 1 Billion dollars,…
My children’s financial lives start early
My daughter has just received her first debit card. She is only 8. Additionally, she has her own brokerage, and savings account to complement her debit card which is attached directly to her checking account. She is the first of my four children to begin her financial journey in life, learning how to earn an…
What is the 28:36 rule and why is it important?
If you’re like the vast majority of people in this world at some point you will need financial assistance in the form of a loan to help you get through some of life’s challenges such as buying a home, financing a car, financing furniture, financing trips, financing education etc. Typically, you walk into a bank…
Keep the Latte! Focus on your monthly fixed costs to save money!
It has been a long time since I have contributed to the blog. I’ve declared today to be the day that I get back to it, and pen today’s post that will be focused on managing your liabilities and daily costs. Many personal finance writers will focus on cutting that daily $5 dollar latte, or…
The day I almost died, and why you should purchase life insurance
I was in accident. A drunk driver totaled my 1985 BMW 325e; the whole experience was shocking and truly unexpected. My close friend and I were heading south on a highway separated by a low concrete divider when a drunk driver thought it was ok to come across the divider and head westward as we…
You can’t have it All, but you can have some of what you want
Perhaps it is a well known fact that the hours we are allotted in a day are limited. Our days are in fact limited to 24 hours. 24 hours to work, sleep, exercise, love, be social, study, learn, and a plethora of other things. Therein lays the challenge of life which is to balance all…
What is good credit and how do I get it?
“Debit or Credit?” is the question that you hear when you go to checkout at your favorite store, but what is credit, and how do you get it? I’d like to think of credit as a contract of trust that you have with another entity. Credit is a relationship, but the relationship involves the use…
Don’t Let Anything Disturb Your Tranquility
Tranquility as defined in the Merriam Webster’s Dictionary is to be free from agitation of mind or spirit; free from disturbance or turmoil; unvarying in aspect: steady, stable.We should all should seek to maintain our tranquility in our lives amongst the many obstacles and angst we experience in our lives that attempt to disturb our…