Most Important Opinion is Yours

Bottom line with all the news and experts out there the final decision when it comes to our Personal Finances is our own. That is what we teach our boys when we are teaching them our rules to Financial Freedom.

As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at This is for entertainment only.

Some people you hear on the news can say we are in a Bull Market and then the next channel they can say we are in a Bear Market. Today I read one article on-line that said the market looks solid for the next year with the solid earning reports and low unemployment. Then another article said to basically sell now that we were entering into the next recession. For a second when I was reading it, I was thinking what if they are right? Maybe I should sell everything?

Being married we have two opinions in our relationship when making big decisions or strategy towards our Financial Freedom. If a person is single, they only have to worry about themselves and can make a decision by themselves. In our marriage we like to talk things out and agree on big decisions.

We both have been to seminars together; we have talked with several different Financial Planners. We have studies and read a lot about Personal Finance. We don’t have a crystal ball to know what the future will be though, but we have a strategy we are going to try and stick with.

So, no matter what a friend or relative tells us we should do we are going to stick with our own opinions. We listen to people and try researching things to see if maybe we should change our strategy or not. We try to not let other people or the news sway us. Darlene is really amazing at like blocking away what other people say and sticking with our plans. I think she does a better job than I do at times.

We are both human and when a trusted person said that they are doing something a certain way we take the time to analyze if we should make a change or not. Most of the time we never alter from our set path.

I still remember back in when the Dow Jones broke 8,000 and people said to sell now, it is going to crash. It won’t get any higher. Then I heard a lot of the same news when the Dow Jones broke 10,000.

Of course, we had different events over the last 20 years that brought the market down for a while. But things rebounded. Year 2000 we had the Dot Com Crash. Years 2005 to 2010 we had the Real Estate, Auto Manufacturers and Banks effecting the down turn the Stock Market.

But if you go and research AT&T Stock from 1984 to Present. It looks like to me they have paid the same Dividend each Quarter or Increased it for the last roughly 36 years straight. This is why I like Dividend Stocks.

Darlene and myself have the strategy that stock prices will go up or down because of things out of our control but if they are solid companies, they could continue to payout dividends.

Most of our stocks we have in our Brokerage Account and Emergency Fund are Stocks that have paid out consistant or growing Dividends for at least 7 years. Yes, there is no guarantee. But that is our current strategy.

Yes, it will sting when the next big event happens that pulls down the stock market. For instance, if the market would fall 50% in a years’ time, I am sure I will be not happy. But the two of us have said that we are in for the Dividends and as long as a company stays strong in earnings and dividends, we won’t sell because of a market valuation. We have seen some of our companies drop over 20% because of something bad happens to them but then in a year or twos time they are back up there or higher and never lowered their dividend payouts.

I am not giving you any financial advice, just like I said earlier in my disclaimer. I am just be open with you and letting you know it is Ok to have a different opinion than other people and the most important opinion is what you believe.

Some people don’t trust the Stock Market at all and feel better with cash sitting in their checking account. That is fine for them, just not us. If they are happy with their decision then good for them.

We want our boys to stay strong with their beliefs and strategies. If others have different opinions than they do we want them to know it is ok to listen to them, research it or just block it out. Bottom line the choice of how they invest their money is all theirs. The choice on how they run their personal finances is all theirs and no one else’s business.

If you are married do you both have the same opinions on Personal Finance and Investing Strategies? If you are single do you have set beliefs?

There is nothing wrong either with trusting someone else to handle your finances like a Professional Advisor. I have friends and relatives that have a Trusted Advisor that handles their Investments and they are happy. We may go that route someday or with a Robo Advisor. But right now, Darlene and myself want to handle it all ourselves.

One of our keys to sticking with our strategy and opinions is that we try not to watch much TV news and we don’t like to talk with people that are negative about investing, stocks, real estate, businesses and personal finance.

We remind the boys daily about Choices and Consequences. Hopefully they will make good educated choices in their adult years with their Finances and Investments.

Here are some positive quotes I like;

“Get your Money to Work for You… As hard as You Work for it.” By Napoleon Hill

“1. Make Money. 2. Use the Money to Make More Money. 3. Repeat the Process.” By Warren Buffett

“There is no way to happiness; happiness is the Path.” By Buddha

“Change Your Thoughts – Change Your Life” by Wayne W. Dyer

Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page.

Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today.

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