Last updated:Wednesday, September 27, 2017
The triennial updates have begun! Today the Federal Reserve released the latest results from their 2016 Survey of Consumer Finances. This survey contains detailed information on the financial status of American households on things such as retirement, net worth, income and debt. All percentile calculators (Net Worth and Income) using Survey of Consumer Finances data from the US Federal Reserve have been updated today.
Inflation Adjusted Highlights ...
Last updated:Tuesday, August 15, 2017
I recently came across a new metric, the Green Swan’s FIRE Prowess Score, to measure my progress in achieving financial independence / early retirement. It’s an interesting twist on a savings rate calculation. Like many savings rate metrics, it is tied to your gross income (pre-tax), but the amount that you save is your change in net worth.
It is calculated as:
Annual Change in Net Worth ...
Last updated:Sunday, July 30, 2017
My energy usage has sky rocketed 95% percent year over year this summer.
The big change this summer has been that I finally live in a place with central air conditioning. It’s like living in the future. I’ve lived in places without central air conditioning–or dishwashers– for the past few years to cut costs. The weather around Chicago isn’t too bad, so I’ve been making do with ...
Last updated:Wednesday, July 5, 2017
Here is a cautionary tale of why you should be careful when trying to out fox the stock market. Last week, many people risked their life savings betting everything that Rite-Aid’s stock would shoot up from $3.50 all the way up to the $6.50 / share that Walgreens was offering. If the merger were to happen Walgreens would pay the $6.50 for every share of Rite-Aid ...
Last updated:Sunday, May 21, 2017
One recurring request for the net worth percentile calculator on this website to show a break down of what makes up that net worth value. Here it is for a typical middle class household!
Here are the results of that request for a typical middle class household with comparisons for the past 20 years. The overall trend for the shows that net worth has increased slightly, but ...
Last updated:Monday, May 1, 2017
The best thing about tracking and setting goals is that you are in total control of what you want to track and how you want to track it. At work, I typically have goals and metrics cascaded down to me from above whether or not I agree with those metrics and goals. For my personal finances it’s freeing to be able to set my own goals ...
Last updated:Monday, April 24, 2017
Debts are like monsters. They can gobble up your financial and emotional peace. You feel stressed out, dejected and can’t find what to do to get rescued. But there are ways to get rid of debt monster. One of the most efficient weapons to kill your debt monster is saving money. The more money you can save, the extra you can pay towards your debts. Building ...
Last updated:Wednesday, April 5, 2017
Using data from the NY Fed’s Graying of American Debt, here is average total debt by age and type of debt for 2015. The number in the inner circle is the age of the debt holder, and the donut slices are scaled to represent the amount of debt in dollars. Hover over the slices to see the average debt amount in dollars.
Debt by Age Aster Charts
Last updated:Sunday, April 2, 2017
Recently I’ve been on the house hunt, and Redfin and Zillow have been great resources at trending home values and seeing how prices have changed as homes are sold over the years–the before and after pictures are my favorite. Sometimes though, if a home hasn’t changed hands in the last 15+ years, Redfin and Zillow might have incomplete transaction history.
My SO and I live in ...
Last updated:Sunday, March 26, 2017
I’ve been feeling an itch to learn new things in a more formal setting. There’s a lot of options from self learning, graduate school, and, recently, boot camps. I’ve been seeing a lot of ads for Data Science boot camps as an alternative to a traditional 1-2 year masters program, so I decided to investigate.
Pros and Cons of a Boot Camp
The pros of a boot ...
Posted: Mar 26 2017 @ 2:52 PM
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