Discipline Is More Important Than Motivation

I remember the first time I saw a Tesla up close. It was at the Tesla showroom in the Scottsdale Fashion Square mall. I remember sitting in the driver's seat and seeing that big, shiny display that controls everything in the car with just a touch. I knew I had to have one. This was a car for tech geeks. This was a car for electrical engineers. This was a car for me. In the weeks that followed, I thought constantly about how I could afford one and...

Read More

Ditch Your Savings Account

In the past, when people wanted to save money, they put their cash in a savings account at a bank. I remember when I was growing up in the 1970s and 1980s, I had a passbook savings account at a local savings and loan that paid 5.25% interest. Today, however, the Federal Reserve has been keeping interest rates incredibly low in order to stimulate the economy. A consequence of that policy is that the interest rates banks pay on savings accounts have...

Read More

Want To Make Money In The Stock Market? Think Long Term.

Several years ago, I heard about an organization that wanted to help people start thinking long term - like really long term. The organization, The Long Now, was (and still is) doing this by building a clock that will run for 10,000 years. It ticks once per year and a cuckoo comes out once every 1,000 years. Making a physical clock that will last that long obviously has some huge challenges and to overcome them, engineers and designers are forced...

Read More

Goal Update: End Of January 2015

At the end of each month, I post an update of my goals, including a brief discussion of any notable events that might have occurred during the month. The latest month's figures can always be found under the Featured menu in the menu bar at the top of the blog. Last updated: End of January, 2015 Current value: $13,275 Change from last month: +2,470 Percent of Goal:  12.21% Note that the funds in this account are invested in stock, so...

Read More