February 2020 Financial and Goals Results

ebruary wasn’t a fun month if you have money in the Stock Market or in Digital Currency. As you know the news stations have been pounding how bad the Coronavirus is and it has been tanking the Markets. For us we may not like seeing our numbers but we know we are in for the long haul and we feel the stock market will come back sometime down the road and be even stronger than it was.

Social Security Start at age 70

Everyone has different situations that can affect when they choose to start taking Social Security payments. Some of my friends started at age 62 and some waited till age 70. For your situation it would be good to visit with your Financial Planner and your local Social Security Office.

Check Receipts for Errors

We just showed the boys again today how we were over charged at the store. It was only $4.20 on that trip but like we told them that $4.20 if it happened each week it would add up to $218.40 in one year.

Budget for Financial Freedom

Some people don’t like to think or talk about their own budget. They may feel like it is work to do or they feel they won’t have anymore fun in life if they start following a budget.

Adult Kids Move Out Plan

Down here in Arizona I have golfed with so many people that had plans on enjoying retirement and playing tons of golf but things happened with their adult kids that they had not planned about.

February Stock Market Thoughts

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.

Do Your Research before Buying a Pet

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.

Don’t Co-Sign Anything for Anyone

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.