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Step one of investing | Clear the debt qi | Your child's identity | Geeky money news | Color guidance for your wardrobe and in life

Issue 17, June 21, 2017
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Step one of investing | Clear the debt qi | Your child's identity | Geeky money news | Color guidance for your wardrobe and in life

hello, world.

The days are long, and the sun is out. Summer is in full bloom. I've slowed down my trailer travels this year to catch up on life things and put plans into place that I have long pondered, like writing more, cleaning up my health, rebalancing and transferring my investment portfolio, and most of all, hanging with my people for more than a couple hours in passing. As you've heard me say before, investments aren't just about money.

Adventure is still big in my heart, don't fret. I am currently sketching and daydreaming of how best to build out the back of my truck for some more nimble exploring. I haven't gotten to the budgeting part of this project. Something tells me I'll blow it on my kitchen chuck box alone. I don't like to put containers on things and squash myself before I get started. So, I think big and then get my spending plan on.

I recall when I first started thinking about going tiny and mobile. It started as window shopping one day in April 2014, after my dear sister and amazing sheconomista, Heidi, planted a seed in my brain. I didn't think I would do it but then I did, and I haven't looked back. Now, when I'm feeling fearful, I channel that time in my life and remember how scared I was and how I did it anyway. Go me. Go YOU. Life is a funny thing. I hope you are grabbing it around the waist and marching forward.

Onward. This week, I'm all about some short tips and money news. I think there's something for everyone here.

she invests

You have a good money foundation and you want to jump in?

Step One.

--- > Figure out your investing personality. Are you all about growth? Value? Some kind of mix?

Learn about growth and value investing. I subscribe to Nancy Tengler’s descriptions which can’t be found on the interweb. You can learn more about her and get her book here.

She says,

Are you an early adapter? Did you own the first release of the iPhone or iPad or are you sure to be in line for the newest blockbuster movie? If so, you are likely to be comfortable buying growth stocks. Growth stocks investors are trendsetters. They are risk takers.

Value investors [are] somewhat reticent and conservative by nature. Though not necessarily risk averse, value investors wait for products to develop into premier brands or companies to become established, stable growers before they jump in.

Sheconomista bottom line: growth stock investors bought the iPhone right when it came out and value investors went ahead and stayed with their Motorola Razr until the coast was clear.

While I don’t believe you have to be one or the other, it's a good foundation to learn both types and go from there.

sheconomista manifesto

Wave good-bye to consumer debt before you invest.

Get inspired.

How the Scary-Sounding “Debt Avalanche” Could Lift You Out of Debt +
I Paid Off $30K in Less Than a Year—on a $75K Salary

sheconomapas

Check your kid’s credit report. Identity thieving is real.

hyperlinked


{cryptocurrency}

It looks like cryptocurrency is here to stay. Cryptocurrency? Wha? Yup, no physical evidence of said currency such as a dollar bill or a coveted silver dollar coin. It’s also not issued by the government. I don’t know how to explain cloud computing to my mom; I’m not sure what I’m going to say about this. Japan just recognized bitcoin (one type of cryptocurrency) as legitimate currency and $100 of bitcoin in 2010 is worth $75 million today. Other Asian countries such as Malaysia and South Korea are expected to follow suit. This is a big deal. Still, need to proceed with caution if you’re playing. There's always technical glitches.

More, please.

Why people are going crazy over bitcoin and other digital currencies +
Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money +
Why banks need to start offering cryptocurrency wallets

{financial advisers and regulations}

As you may already know from my small print disclaimer, I do not use a financial adviser and is the reason behind why I started writing about money. I go at it alone for lots of reasons. Going rogue is not for everyone. I get it. I have referred folks to financial advisers and robo-advisers alike. Only you know best. However, the one recommendation I have if you do use a financial adviser is, please learn a bit, so you go in eyes wide open, especially in light of changing regulations.

Tell me more.

Now, Your Financial Advisers Will Have to Put You First (Sometimes) +
The 21 Questions You’re Going to Need to Ask About Investment Fees

{uber this}

Those Uber dudes have uber problems. Later David Bonderman. >> An Uber board member made a sexist joke in the middle of the presentation on how to fix Uber's sexist culture

{fossil fuels}

There’s a surplus of oil which is driving the price down. On the surface, I know, the crude oil market could be pretty dry. But for the budding investors who are looking to make connections with the news and their portfolios, this is a good one to dive into. How does surplus impact the US economy versus the global economy (particularly those whose economies rely so greatly on oil)?

Get your geek on.

Oil sinks to November lows on shock U.S. gasoline build +
Shale Drillers Digging Themselves a Hole as Oil Breaches $45 +
The real risks of the falling oil price +
Falling oil prices: Who are the winners and losers?

adulting


Questions? Thoughts? Want to tell me you heart me? Contact me anytime. I love it!

With the big monay love,

LL

---------- > YOLO. Tell your friends to sign up for the entertaining money talk HERE. <--------

***

New subscriber? Back issues for perusal here.

***

Photo Credit: Erin Sweeny Studio

***

Important small print. I have a bomb-ass lawyer who tells me to tell you these things you agree to by reading my newsletters. For extra emphasis: I am not a financial advisor, planner, CPA, licensed to do anything except give opinions, shop for hitches, pickle eggs, and strange vegetables, and look for new friends who want to kayak in obscure places with me (contact me stat if you are this friend).

People, I am an everyday lady who, by learning a bit about money so I could have a semi-intelligent conversation with my financial advisor, figured out I didn't need an advisor at this point in my life. Killed that mystery. I did not go to a fancy school. I did graduate something cum laude and not in anything remotely related to money, so there's that as well.

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I'm baaaaack​ | A Sheconomista Checklist because who doesn't love a good checklist?! | Worse than toilet plume | Adult like a boss with homemade condiments

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Issue 16, June 9, 2017
Previous newsletter
If you are receiving this as a forward, sign up for the money joy here.

 

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I'm baaaaack  | A Sheconomista Checklist because who doesn't love a good checklist?! | Worse than toilet plume  |  Adult like a boss with homemade condiments 

Onwards

Happy June!

The last time I was in touch, I was heading into spring cleaning mode. I had received an onslaught of money questions, thoughts, and suggestions which were pure joy but it also created a bit of chaos in my baby brain. I had to do some reorganizing and thinkin’ and creative marinating.

I concluded the same thing I have always known. Money is the bee's knees. It is a sweet, binding ingredient in the human experience. And I'm so grateful to all of you for the engagement and encouragement to-date to keep writing and talking about it.

In short, I’m back, refreshed and ready to keep creating with YOU.

But before I cruise into business mode, let me step onto my soapbox and chat with you about...mayo.

Adulting

Break up with store bought mayo and start playing with this recipe stat. (Bless my peeps who have been listening to me go on and on about this.) I’ve had to play with the ratios, but now that I’ve perfected this condiment I once loathed, I’m never going back.

Why oh why lady, would I do this?

It is a fantastic health investment to make your condiments and quit with the processed stuff. Why not start with mayo, one of the most controversial condiments ever?! 

Part of my spring cleaning was tossing my tiny fridge and my life of ingredients I can’t pronounce. I’ve only eaten out three times since mid-April, and I’ve broken up with caffeine. I also started drinking gin from which I was banned circa 1999. 

Interesting tidbit: I've saved no money with this lifestyle change and in fact, have increased my spend and it's worth every penny.

Anyway, it’s all about the investments and investments come in all sorts of forms, not just ETFs. So cheers to your health, friends. It should be your first investment above all else. I know for myself, when I feel my best, it means I am at my best for my family, friends, and community.

Insert smooth segue [here].

Speaking of investments, so many precious financial souls out there with money enthusiasm and concerns. I've sat with every email and phone call I received since I started this project.

Across the board, there’s a lot of wealth-building, and overall life-planning questions ranging from where do I start? To do I move from using a traditional financial advisor to using a robo-advisor? To I don't understand what my financial advisor does and don't know what questions to ask to make it better.

My personal favorite, I’ve paid off all my student loans, and now I want to use that money for investing, what do I need to keep in mind?

I’ve also gotten a lot of questions about starting businesses and dealing with the financial aspects of that, especially the tax implications. And I received some questions about my trailer life and how to create a spending plan for a nontraditional life.

Whew. So much. So good.

Above all else, I’ve received many practical questions from what kind of checking account do I open? To what the hell is the purpose of an emergency savings account?

All of these questions and thoughts make me squeal with delight. It also reminds me that when you don't know where to start, you start at the beginning and go from there.

***Don't forget, small print down below, reminding you of who I am and what I am not***

Crack the egg before you cook it

Inspired by my get-back-to-basics in the kitchen, I drafted the Sheconomista Checklist. This is the stuff I recommend you get in place if you have not already. They are the practical things needed to execute your money vision.

There are lots of exceptions to this list, mainly that you know yourself better than I do so only you can determine what you need and don't. I'll also offer opinions, don't you worry. This will be written in real-time, hyperlinks will be updated throughout the doc.

This means that you, sheconomista readers, can be active participants, and your input will be integrated as appropriate for a final product. JOY.

The collective sheconomista knowledge is way better than mine alone so don’t get shy on me now.

----- > View and copy the list here. < -----

Don’t worry, I’ll still send out adulting tips and comment on financial news and conquering some of the questions already asked of me that belong out in public, but now I’ll be writing with a little more structure. A little. Don’t get too excited. Like the list, I’m a work-in-progress.

In the meantime, stay in touch with your questions and thoughts, especially the ones about mayo.

In closing

Worse than toilet plume:

Cash is even grosser than you knew: Dangerous bacteria survive on paper money, study finds

And on that note, happy weekending! No texting and driving.

With

a big ‘ole dolla dolla love hug,

LL

 

---------- > YOLO. Tell your friends to sign up for the entertaining money chatter HERE. <--------

***

New subscriber? Back issues for perusal here.

***

Photo Credit: Erin Sweeny Studio

***

Important small print. I have a bomb-ass lawyer who tells me to tell you these things you agree to by reading my newsletters. For extra emphasis: I am not a financial advisor, planner, CPA, licensed to do anything except give opinions, shop for hitches, pickle eggs, and strange vegetables, and look for new friends who want to kayak in obscure places with me (contact me stat if you are this friend). 

People, I am an everyday lady who, by learning a bit about money so I could have a semi-intelligent conversation with my financial advisor, figured out I didn't need an advisor at this point in my life. Killed that mystery. I did not go to a fancy school. I did graduate something cum laude and not in anything remotely related to money, so there's that as well.

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January - May 2017 Sheconomista Report Archive

4.26.2017 - Short like me | Women are more honest about what? | Up-front investment v. annual investment 
4.19.2017 - Real talk about starting my own business | Money podcasts | The risks of being employed | America’s retirement problem | The best month to buy tires
4.12.2017 - That time I used a cash advance on my credit card to do WHAT?! | Adventures with medical costs | My Olympic obsession continues | The saga of the Consumer Protection Agency | Toilet plume and tipping etiquette
3.29.2017 - Tween money wisdom | Financial sense and the boy-girl divide | Toilet seat covers + Tattoos | This is about you, not me
3.22.2017 - Buh-bye Budgets | The best gift my parents gave us kids | To be considered before you scoff at the rise in interest rates | Interviewing financial advisors in Cheeto-flavored times | The truth about pillows
3.15.2017 - Avoid the bad juju | How old will I be in 10 years? | Daylight savings is bunk | Favorite money organizing tools
3.8.2017 - No typos in this subject header, don't worry | I bought how much UA stock, and it's worth what today? | Sheconomista confessional from yours truly | News, simplified | My Olympic obsession
3.1.2017 - Pennies cost how much to produce?! | Get your adulting on with this service | Grow your financial know with these terms 
2.22.2017- Steps to become an investor TODAY + raffle winners + the inaugural sheconomista money confessional
2.15.2017 - The soap opera that is the financial news + my immigration ig'nance + next week's book raffle!
2.8.2017 - Real talk about my political proclivities + fab five money action tips
2.1.2017 - A grown-up tip to keep you adulting + five money action-takeaways from this week's news cycle
1.20.2017 - Free books, awesome brands to support, and a new direction for LL
1.14.2017 - Remove your personal data from this site stat and happy new year!

 

Important small print. I have a bomb-ass lawyer who tells me to tell you these things you agree to by reading my newsletters. For extra emphasis: I am not a financial advisor, planner, CPA, licensed to do anything except give opinions, eat pickled vegetables all day long, and look for new friends who want to backcountry ski with me (email me stat if you are this friend). 

People, I am an everyday lady entrepreneur who, by learning a bit about money so I could have a semi-intelligent conversation with my financial advisor, figured out I didn't need an advisor at this point in my life. Killed that mystery and now I write about it. 

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