After The Storm

I was driving to work today and it was after a storm last night. The one thing I noticed was the sky looked beautiful and the vegetation looked greener. This got me thinking that this is a lot like people’s finances.

AfterTheStorm

When a storm hits there are usually signs something is going to happen. The sky gets dark, the leaves of the trees turn up, the wind picks up, etc. Often we see signs in our financial life. It may be a buyout of a company you are working for, a car that is ready to break down, a pending divorce, a child going to college, etc. Noticing the signs helps set up the appropriate action needed.

The morning after a storm may have done some damage but, it is nature’s way to restart and reset. When a financial setback happens this also gives an opportunity to restart and reset our finances. Planning and taking action before a storm hits is key to how good the restart and reset is.

If you have shudders on your house (the ones that work and not for show) and batten down your house before a storm the better off your house will be. Likewise when you see a financial storm brewing make sure you have the financial shudders that work. One example would be to have a paid off older car rather than a newer with payment car. If you lose income or have increased expenses you are more able to take the hit and move forward with less money going out. Also a paid for car can’t be repossessed, so you’ve eliminated that risk.

In the aftermath of a storm there are opportunities that pop up that you may not have had before the storm. A tree that gets knocked down may provide the space in the yard for a garden. If the tree falls on the house; the insurance money may give you the ability to improve your house. A job loss may provide the time to look for a job better than the one lost, one that may have not been found had you been at work.

Storms are going to happen, it is just a fact of life. Be prepared and move forward after the storm with new momentum.

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Direct Individual Stock Purchase

When I was in my 20s I wanted to buy stocks but, I didn’t know exactly what to do. I “knew” you had to go to a broker but, I didn’t know how to find a good one. I had spoke to a co-worker and he told me I didn’t want to go to a broker. I should buy “no-loads”.

At the book store I looked for books on no-load stocks. There were plenty of books on no-load mutual funds. I was only able to find one book about no-load stocks called: “No-Load Stocks” by Charles B.Carlson”

1995 Version of No-Load Stocks

1995 Version of Book

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