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Blogger Profile


DIYMoneyStuff

Blog Info

Name:
DIY Money Stuff
Category:
General Finance
Tags:
Investing, Home Improvement, Family, Budgeting
Start Year:
2015

Blogger Bio

Net worth:
Location:
United States
Age:
30s
Race:
White
Gender:
Male
Life stage:
SIK (Single Income, Kids)
Profession:
Corporate Finance
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Latest Blog Posts

September was another great month for our net worth, which grew by over $22k to $982,369. It's hard to believe that we're basically one good month away from achieving millionaire status. I think it may set in once we are mortgage free, because until then we don't see a lot of accumulation of assets outside of our retirement accounts and home equity.CASH / INVESTMENTSOur cash balance jumped in September, but ...
Posted: Oct 22 2019 @ 2:47 PM
Another new month brings another new all-time high net worth for the DIY$ household. We continue to march towards $1M mark and a paid off house, closing the month with a net worth of $960,099.CASHAs expected, our cash balance bumped up a bit in August. Hovering between $20-25k is our sweet spot for now. There are times when I feel it should be higher since we do spend a lot, ...
Posted: Sep 17 2019 @ 10:33 PM
One of my favorite college professors was a retired investment banker. He had spent his career as an ex-pat throughout Asia and built up an 8 figure net worth before 'retiring' (to be a part-time professor) at 50. I looked up to him and occasionally went to him for career advice even after I was not taking classes from him.While I was in my last year of college, I accepted ...
Posted: Sep 16 2019 @ 10:13 PM
Financially speaking, July was a pretty good month in the DIY$ household. We had one of our most expensive months ever, but still managed to grow our net worth to a new all-time high of $955,950. CASHOur cash balance went down a bit this month but is still above our preferred minimum of $20k. We'll be recovering over the next few months since a lot of this was due to one-time ...
Posted: Aug 13 2019 @ 10:57 PM
I’ve probably read several dozen books about the Great Financial Crisis, and just now got around to reading ‘The Sellout’ by Charlie Gasparino and really enjoyed the approach he took in telling the story.If you were glued to CNBC for much of 2008-09 like I was (it was on all day in the lobby of my office so I could often hear it all day long whether I wanted to ...
Posted: Jul 30 2019 @ 10:50 PM
June 2019 was a great example of why you shouldn’t react to short term declines in the stock market. After having one of our personal worst months ever, we had one of our best months ever. In June, our Net worth grew by over $42k to $937,191. CASHWe spent half of the month of June either on vacation as a family or separated so I could work while the ...
Posted: Jul 15 2019 @ 10:41 PM
Golden Handcuffs refer to financial circumstances that keep someone tied to a career or employer when they might otherwise prefer to move on. I’ve never had a lavish executive pay package, but have still faced a small version of this dilemma and have put a lot of thought into it. It is a form of privilege to even have to worry about it, but one that I think many will ...
Posted: Jul 10 2019 @ 7:39 AM
I recently finished reading “Q&A” by Vikas Swarup and enjoyed it enough to mention it here. This book was the inspiration for the movie ‘Slumdog Millionaire’. Although I’ve never seen the movie, I generally find that books are better than their movie adaptations.If you aren’t familiar with the book or the movie, the premise behind the story is that a young man in India is arrested after winning an award show ‘Who ...
Posted: Jul 09 2019 @ 10:13 AM
Just like anyone else who stayed invested through May 2019, our net worth took a few steps back. The S&P 500 was down more than 6.5% and our net worth went down by almost $28k to $894,975. INVESTMENTSOn a percentage basis, our investment account didn’t go down as much as the market overall. Rather than any savvy strategies, this is only because we made additional contributions during the month. Nearly all our ...
Posted: Jun 10 2019 @ 11:23 PM
College graduation season is upon us and lots of new graduates are about to start their careers. As part of my job, I am heavily involved in campus recruiting for Finance jobs at my Fortune 500 employer. This gives me the opportunity to give a lot of advice and feedback to new and prospective candidates.  My advice has evolved over the years, but following it has served me well ...
Posted: Jun 03 2019 @ 12:08 AM

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