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Blogger Profile


Jake

Blog Info

Name:
Finance For The Family
Category:
Family
Tags:
Family finance, high income professional, physician, doctor, alternative investments, index investing
Start Year:
2018

Blogger Bio

Net worth:
$3,250,000.00
Location:
New Jersey, United States
Age:
40s
Race:
Unspecified
Gender:
Male
Life stage:
DIK (Dual Income, Kids)
Profession:
Pharmacy

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Latest Blog Posts

My wife and I have stable jobs in the healthcare field.  We live off 1 income.  Theoretically, we don’t need an emergency fund because the chances that both of us will be out of jobs at the same time is very small.  That said, I am very cautious by nature, so we have an emergency fund. What Is An Emergency Fund An emergency fund is a stash of money set ...
Posted: Jun 13 2018 @ 12:10 PM
In my early years, I used to focus A LOT on frugality.  When we got married in 2005, my wife was still in school and I was just starting my career.  My frugal efforts included clipping coupons.  I would spend hours online or driving around shopping for the best deals.  I would get at least 5-6 different quotes for service jobs/handywork.  I would spend hours a week grocery shopping.  My ...
Posted: Jun 11 2018 @ 2:36 PM
Before I get backlash for angel investing in start-ups, you should know that 99% of my invest-able assets are in low-cost, index funds or real-estate.  That said, I’ve always been intrigued with alternative investments. I watch a lot of shark tank. It’s nice to watch business owners present a good business model and get funded, but I’m more intrigued with the sharks. Wouldn’t it be nice to be the next ...
Posted: Jun 06 2018 @ 3:59 PM
I hope you will enjoy this passive income report. If you want more details including my exclusive income and net worth report, please join below.  Enjoy the post! Welcome to the first monthly passive income report.  To be honest, I’m more focused on growing our net worth, so my passive income isn’t very high. A practical example of trading passive income for growth is buying growth stock (think Facebook or ...
Posted: Jun 06 2018 @ 11:38 AM
You’ve heard of the Roth IRA.  Your income determines whether you qualify to contribute or not. If you make too much to contribute to a Roth, you’ve heard of the backdoor Roth IRA.  This is a perfectly legal way to contribute to a Roth IRA even if you make too much income.  However, the mechanics can get complicated if you have any money in a rollover IRA, traditional IRA, or ...
Posted: May 29 2018 @ 10:23 AM
Mrs. Financeforthefamily and I want to pay for our 4 children’s eduction.  Our parents helped pay for most of ours.  We have decent incomes so we feel that we should be able to help. We also think that our incomes and assets may pose challenges in getting loans in the future.  Our children are currently 9, 7, 3, and 1 so we have 9, 11, 15, and 17 years, respectively, ...
Posted: May 24 2018 @ 8:47 AM
Remember the story of that dude who wrote 9 simple money rules all on 1 index card? If not, here’s a brief summary.  Harold Pollack, a University of Chicago social scientist, mentioned on his personal video blog that all the best personal finance advice can be found for free in the library and can fit on an index card.  Problem was, the index card didnt’ exist. He went home, wrote ...
Posted: May 21 2018 @ 10:33 AM
Welcome to Finance for the Family! My name is Jake.  I’m in my early 40’s and live in a suburb located in the Northeast part of the United States with my wife and four children ages 9, 7, 3, and 1.  My wife and I both have steady, high-income jobs in the healthcare field.  Mrs. Financeforthefamily is a practicing physician and I am a pharmacist working in the corporate setting. ...
Posted: May 18 2018 @ 2:31 PM

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