15 Business Lessons From Warren Buffet

There are people in the world who are best known for being famous for being famous.

Think Kim Kardashian and Paris Hilton.

Warren Buffett is not in this crowd (thank goodness!).

He is widely considered to be the most successful investor of all time. He is one of the very wealthiest people in the world – often THE wealthiest, depending on stock market valuations.

He has gotten to where he is by being a brilliant and insightful investor.

Business Lessons from Warren Buffet

Like me, he wasn’t born into money, and he didn’t sign a fat contract for a book, a movie, a TV show or a record deal.  (Note:  I did sign a contract for my book deal, but I assure it wasn’t fat.  Far from it.  Haha…)

He did it the old fashioned way, which in today’s world seems almost radical.

In fact, there is nothing fancy or unusual at all about Warren Buffett – other than his phenomenal success.
[Read more...]

4 Ways to Save For Your Kids’ College Education (including what I chose)

One day all my 3 boys are probably going to be attending college.

You know what that means: $Cha-Ching.

My wife and I already decided that we don’t plan to pay 100% of their tuition, but we will try to help them out so as long as they are working towards getting a degree.

A recent study by Fidelity reveals that other parents have similar aspirations in that parents plan to pay 62% of their child’s college costs but they’re only on track to pay 1/3 of that cost.

Knowing that college isn’t getting any cheaper, we started saving for our first son basically after he was born and we’ve followed suit with each son thereafter.

IMG - 4 Ways to Save for Your Kids' College Education

It’s always nice to have choices like saving for your kids college, but many parents get confused on what’s best for them.

Having a plethora of choices can be overwhelming.

Most parents have too much other issues to deal with that trying to decide to the best college savings plan is shoved further down the priority list.

Don’t worry, busy parents….this post (and video) is for you! :)

For somebody who feels overwhelmed, here’s a quick look at the four ways that you can save to pay your kids tuition checks.

[Read more...]

GF¢ 035: How to Invest a Million Dollars (without blowing it like a rockstar)


They say you have a 1 in 10,000,000 chance of winning the lottery.

Well, today is my lucky day, because I just won – yeah baby!!

Okay….maybe I didn’t actually win.

We’re just going to pretend I did for the sake of this post.  :)

I once had a client ask me,

“Jeff, if you had a million dollars, how would you invest it?”

I’m not one who is usually into playing these games of pretend.

How to Invest a Million Dollars

Sure, as a kid, I loved to pretend that I was He-Man and that the big cardboard box in our basement was Castle Grayskull.  “I have the power!”  <<<He-man quote.  Fellas, don’t pretend like you don’t remember that! Haha….

But those days of “pretend” are long gone. That is, until today.

Today’s post is merely for the fun of it.

I’m pretending that I hit the jackpot and walked away with a cool mil.

For this pretend exercise, we’ll say that I’m netting a million dollars, and I have all of it to invest.

Just so we’re clear, this is not investment advice, so don’t take it as such.  And just in case that isn’t clear enough, read here.  You have been warned.
[Read more...]

16 Surefire Ways to Not Outlive Your Money

You’re officially retired. 

You don’t have to wake up to that annoying alarm clock anymore.

The sun is shining, and the only thing you have to worry about is when you get to take your afternoon siesta.

Then it hits you…

Can I really afford this lifestyle?

Did I save enough?

Do I have the right investments?

Ways to Not Outlive Your Money

Your calmness quickly vanishes and is replaced by an overwhelming panic.

You can’t get the sickening thought out of your head — “Am I going to outlive my money?

It’s okay.  Take a DEEP breath and exhale.

Seriously. Do that now.

One of the most common concerns about retirement is the possibility of outliving your money.
[Read more...]

7 Action Steps to Uncover Your Life’s Possibilities

The following is a guest post from Bert Purdy of IntentionalEmployee.com. I had the privilege of meeting Bert for coffee earlier this year since he was working with some of his clients that are in my area. Bert was very excited to share his message with me and I’m equally excited to have him share this guest post on the blog. Introducing Bert….


The majority of my life has been unremarkably predictable.

Good grades. High school graduate. College graduate. White collar job as an accountant.

Marriage, children, no pets.

It’s been, sad to say, the typical life of a kid from the lower middle class in the Midwestern United States.

It’s been un-extraordinary.

Why has my life been good, but drab? Let’s explore it a bit.

7 Action Steps to Uncover Your Life's Possibilities
[Read more...]

GF¢ 034: I Hate Budgeting. YNAB to the Rescue!


In case I have not made this abundantly clear on the blog – I HATE budgeting.

Did I make that clear enough yet? :)

Seriously, I would rather change 24 poopy diapers than to sit down and hammer budget.

Luckily, there are guys like Jesse Mecham who aim to make budgeting cool.

Is that really possible?  Jesse would like to think so.  :)

Here’s an interview with Jesse that further explains what YNAB is and how it can help with your budgeting needs.

[Read more...]

Crushing My 3rd Quarter Goals (like a purple dinosaur)

I am a goal setting freak.

I didn’t always used to be this way.

Ever since I joined the Strategic Coach three years ago, I’ve been more diligent about creating quarterly goals.

Once I started implementing these goals, my productivity and my revenue have shot way up.

Crushing My Goals

I initially posted my goals for the year in my original post here. I then had my second update here.

Last quarter I wrote down my goals, but unfortunately got too busy to post them. Not this time. Here are my goals for the third quarter of 2014.

My intent in sharing my goals with my readers is to hopefully give you inspiration to create your own goals.
[Read more...]

How Much Does it Really Cost to Rent a RV?

“That There’s an RV”

- Cousin Eddie, Christmas Vacation

As a child my mom and step-dad would take me on RV trips all across northern California and Nevada during the summer.

I remember it being some of the best memories of my childhood.

I knew that when I got older that a RV trip was in store for the Rose family. I just didn’t realize it would come this soon…..

This summer the five of us (our boys are 6, 4, and 3) hopped into a rented RV for 14 days with the only planned destination being the Grand Canyon.

Everything else was meant to be an adventure and it sure was.

Many people were asking me questions about what it takes to rent an RV and how much it costs so I knew that I had to do a recap post on it.

renting a rv cruise america

So if you’re ready to join me and Cousin Eddie and go off your own RV adventure, here’s what you need to know…
[Read more...]

GF¢ 033: 15 Reasons Why You Won’t Be Able to Retire Early


Who doesn’t want to retire early?

Unfortunately, many people won’t be able to.

Even worse, many people don’t have a clue that they won’t be able to retire early.

Such was the case with this couple in their mid-30′s that planned on retiring in their 50′s even though they only had $17,000 in savings.

Yes, that’s it and the reason I filmed this financial rant video.

I wish I could say that this couple was the exception and many on our pace to retire early, but if I was I Pinocchio then my nose would be grow to be a mile long.

Are you in this camp?  If you’re guilty of the following 15 items then welcome to the retire at 70+ club.

Here are 15 reasons why you won’t be able to retire early.

15 Reasons Why You Won't Be Able to Retire Early

Some of them have to do with how you handle money, but others focus on your mindset, your expectations, or even factors beyond your control.

My hope is that this list will enable you to avoid the traps that prevent people from retiring early.
[Read more...]

Grow Your Dough Throwdown (Mid-Year Update)

It’s time for another Grow Your Dough Throwdown update.

We’ve reached the midway point, and the competition is definitely heating up. The Dow Jones shows no sign of letting go, hitting that phenomenal 17,000 mark.

Side note – isn’t that freaking crazy? It seems like yesterday that it was March of 2009 and the Dow Jones was at 6,500, and now we’ve hit 17,000? As my Filipino mom would say, “What the heck is that?”  I digress, I digress…..

For those of you who are new to the Grow Your Dough Throwdown, here’s a brief recap on what this Throwdown is all about:

I opened seven different accounts with seven different online brokers and investment sites, and deposited $1000 into each. The idea was to see how each would compare after a year’s worth of growth. To make it more exciting, I solicited several other personal finance blogging experts to join me in the fun.

Grow Your Dough Recap Mid Year

Each of them has opened up an account at an online investment site of their choice, and deposited $1,000. As a rule of state, we cannot deposit any more money throughout the year, but we can trade as much as we want. Since I opened up seven different accounts, I’m using only one account with my numbers compared to them. So how is it going? Let’s take a look.
[Read more...]

GF¢ 032: How Betterment Grew From Zero to $500 Million in Under 4 Years


“There has to be a simpler way to invest.”

That’s what the Jon Stein, the CEO of Betterment thought to himself not too long ago when he was beginning his investing journey.

Well that thought has turned into a $500 million dollar investment company in just under 4 years.

Their growth has been amazing and exciting to watch. I was able to get Jon on the GF¢ podcast to share how he created his dream company and what his big plans are.

IMG - How Betterment Went From Zero to 500 Million in Less Than 4 Years
[Read more...]