Where does the time go? July flew by for our family this year. We are not fans of all this Coronavirus stuff going on. We are trying to watch less news. When we watch the news it makes it seem like the world is ending but then we leave our house and people seem to be out doing things.
Communication is so important in any relationship. When we have our monthly review meetings with our Spouse or significant other one it can be a stressful time when money is involved. Seems hard for some couples to be able to openly discuss money and finances.
This is something I look forward to do each month and at the end of the year. I know I may sound weird but I like to work with numbers and analyze how we did for the month or year.
To know if you are winning or losing you need to keep score. Just like in golf. You need to count all your strokes to know what your score was for the round and if you hit your goal or not. Also, you can see what areas that you need to improve in your golf game. Like I track not only my score per hole, but also how many fairways I hit, how many greens I hit and how many putts I made during the round also.
We teach our boys to maintain their cars and home to make them last longer and save money. Without proper care things can break down faster and cost lots of money. This is why this is one of our Financial Freedom rules we teach our boys.
We can’t wait till the news has some positive news. LOL I know I am living a pipe dream. Between Coronavirus, Black Lives Matters riots and Arizona Forest fires there is plenty of negative news to hurt businesses and the stock market.
Over the years I have known many people that spent too much on a home they bought or a place they wanted to rent. Then something happens to them like a job loss or going to a new job where they made less money and now, they couldn’t make their payments anymore.
June was nothing like it was last year for sure. So many negative things going on in our world and it is hard to always tell what is true or fake news.
Last year when the Navy recruiters came over to our house the one recruiter brought up about how he wished his parents would have taught him the things we are teaching our boys. I told him that is why we are teaching our boys these lessons and why I am sharing it with the world with my Podcast, Blog and my book to be released hopefully before 2021.
During my working years I always paid for Disability Insurance to make sure I was covered. Back in the days I had heard many stories of people who had freak accidents and were out of work for quite a while and needed the Disability Insurance to help maintain their living expenses for their family.