We had another record Net Worth month even with everything going on in this world. There is a lot of negative news right now that could for sure be affecting the stock market. With the Trump Impeachment case going on right now to the Coronavirus outbreak. Now the CDC said they confirmed Friday a second US case of the deadly Coronavirus.
Most people would say they love pets. I know growing up I had Rabbits, Fish and Dogs. As an adult I had dogs also until I was in my mid-thirties. My first dog was a Black Lab called “Flash” and he was a fun dog but I had to leave him with my folks when I moved out of the house to an apartment. My next dog was a female Golden lab called “Mariah”, she was a great dog also but tore up the yard. Our boys would love to have a dog I know but it just doesn’t fit in our current situation.
We all probably have different meanings of what a “Need” or a “Want” is to each of us. We have tried to get our boys in the habit of looking at things as a Need or Want when they want to buy something.
Have you ever co-signed on a loan for someone before? If so, how did it work out? I have had many friends that co-signed loans from student loans to personal loans for their kids, relatives or friends and some of those loans they ended up having to pay them off. I co-signed on a couple of loans and they both worked out but at times I lost sleep worrying about getting stuck paying for them. I tell myself I won’t put our family in that position again.
Prime reason why you should do Action Step 3 of the Mills Way to Financial Freedom 10 Action Steps just happened to us recently. I got a call from Darlene and she said that when she was leaving for work at 1am that the Garage Door wouldn’t close all the way down. It would go three quarters of the way down and stop and then go back up or just stay there at times.
December felt like a roller coaster for me this last month but when the month ended, we were up a lot for the month and over a year ago. I don’t quite know how after selling some stock and with all the negative political news on TV again in December.
Weddings are a fun and very emotional time. They can also be a very expensive time. We get all caught up with the excitement of the event or party and can lose control of the cost if we use a credit card instead of paying cash.
What a wild ride of a year we had but it was a fun year. When I look back it is hard to believe we stuffed so much in to it. We had a lot of visitors to our house and we visited them in the summer. We lived life to the fullest and isn’t that what life is for.
We have the Mills Way to Financial Freedom rules that we teach our boys. Today let’s talk about the main Action Steps that we teach our boys so they can work towards reaching Financial Freedom.
It would be really hard or impossible to know everything about everything even though my teenagers think they do. LOL Building a Financial team is one of the Mills Family Financial Freedom rules we cover with our kids.