Money Matters

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Conflicting Goals: Entertainment Vs Preserving Cash

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Conflicting Goals: Entertainment Vs Preserving Cash

According to last week’s Wall Street Journal, Netflix gained an additional 16 million new subscribers.

Just this year alone, the stock is up 34%. I call that a win!

The average emergency, prior to the pandemic, could be resolved with $400. That annual Netflix subscription is 39% of what we would need to stash away for an emergency and gain some peace of mind. According to a recent survey by The Wall Street Journal and the Harris Poll, Americans spent an average of $37 per month on streaming services in March 2020. That’s an annual expense of $444. Can we say ching ching again. 

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Retail Therapy: It's Not Really Therapy If It's Hurting You (Coronavirus Part 4)

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Retail Therapy: It's Not Really Therapy If It's Hurting You (Coronavirus Part 4)

I know it’s tempting to shop your heart out online while we’re quarantined, but pump your breaks and maintain a social distance from online shopping.

Take a moment and identify what you do not have in your closet or home that you truly need. My guess is that list is very short. Do yourself a favor and use what you already own.

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Put Yourself in a Position to Soar Once This Crisis is Over (Coronavirus Part 3)

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Put Yourself in a Position to Soar Once This Crisis is Over (Coronavirus Part 3)

It is important to position yourself to soar once this time of difficulty is over. Rest assured that it will come to an end and when that happens, you want to be in a position to continue to achieve your goals.

Do you have debt?

How do you plan to handle it right now?

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Coronavirus: Take Care of Your Money (Part 1)

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Coronavirus: Take Care of Your Money (Part 1)

If you have money invested in the stock market, you probably feel like you have been on a rollercoaster for the past week. When I look at my own portfolio, I see red all over. Fear can make us do things that are detrimental to our long-term investment strategy.