millsway

Maintain your Cars and Home to last longer

by mills.management@hotmail.com
July 9, 2020July 9, 2020

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.

July Stock Market Thoughts

by mills.management@hotmail.com
July 3, 2020July 3, 2020

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.

Total Home Mortgage or Rent be less than 25% Income

by mills.management@hotmail.com
July 2, 2020July 2, 2020

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.

Any Extra Savings leftover Invest in your Brokerage Account

by mills.management@hotmail.com
June 25, 2020June 25, 2020

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.

Protect your Paycheck with Disability Insurance

by mills.management@hotmail.com
June 18, 2020June 18, 2020

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.

Maximize 401K Yearly after you are Debt Free

by mills.management@hotmail.com
June 11, 2020June 11, 2020

Maximizing your 401K each year after we are Debt Free is one of the rules and action steps that we teach our boys for them to head towards their Financial Freedom goals. It is Action Step 9 in our 10 action steps to Financial Freedom.

Celebrate Successes after each Milestone

by mills.management@hotmail.com
June 4, 2020June 4, 2020

Who doesn’t like a party? We do in our house for sure. We work hard working towards our Financial Freedom goals and it is fun to celebrate when we achieve one of our goals along the way.

June Stock Market Thoughts

by mills.management@hotmail.com
June 2, 2020June 2, 2020

Coronavirus hurt the Business world even more in May even though all the States started reopening in some way or another. I have heard of many small businesses that have had to file bankruptcy and close their doors for good. A lot of dreams and retirement savings lost during the last few months. It is sad.

May 2020 Financial and Goals Results

by mills.management@hotmail.com
June 1, 2020June 1, 2020

May is over and Logan is officially graduated High School. Next, he is off to the Navy in September. We had a fun Graduation Party for Logan and it was good to see our friends and the boy’s friends.

Invest in your Companies 401K Plan if they have a Company Match

by mills.management@hotmail.com
May 21, 2020May 21, 2020

Some people ask the question if they would be better off investing in their own IRA rather than investing in their companies 401K plan? If your company doesn’t have a matching 401K plan then maybe that is for you. But what I see is that a lot of people lack discipline. What is nice about a company 401K is that it is coming out of their paychecks without any effort from them. They can just get used to seeing what their net check amount is to live on.