Saturday, February 4, 2017

Weekly Roundup - February 4, 2017

Curated list of articles on dividend growth investing, financial independence, freedom and passive income
Happy Weekend!  Check out what's been going on in my world and some of the best articles from around the blogosphere.
It's been a much quieter week than normal.  As many of you know I'll be heading back to work shortly, I was actually available starting 2/1 but the job I'm going on should start up this weekend.  With all that in mind our daughter started day care this week so she could kind of transition into day care as opposed to just going straight into it after always being with either my wife or myself for the past 6 months.  That's made it much quieter around the house and while my productivity has increased some I miss the constant noise.  
I am looking forward to getting back to work although I want to just rip off the bandaid and get into the groove of working again.  It'll be good to get back out there and being even more productive with my time.  Of course the money doesn't hurt either to help us move forward with our goals to get rid of our debt.  If things break right we should be able to get a good chunk of it gone by the end of the year and potentially be debt free, except the house, by sometime in early/mid 2018.  And I can't wait for that day to get here!

Other than that there isn't a whole lot else to report on from this past week.  I just continue to plow ahead with options in my Rollover IRA.  Now that we're into February the tax forms are starting to arrive and I've been taking a much better approach with taxes this year.  Since we use a program to do our taxes I've gone ahead and input all of the forms we've already received so I don't have to do it all in one sitting.  There's still some forms that are outstanding, namely the 1099-B's for our various brokerage accounts, but I'd ballpark it that at least 60% of our information is already in and ready to go.  

One article I stumbled across last week was that Johnny Depp is suing some of his former business managers alleging that they mismanaged his money.  Of course the managers are counter suing claiming that they warned Depp repeatedly that his spending was out of control.  Turns out spending $2 Million per month, yep that's right, is unsustainable.  The laws of personal finance don't change just because you make a lot of money, it always comes down to how much you keep.  Celebrities: they're just like us except with extra zeroes!

For those that watch the NFL.  Who ya got in the Super Bowl?  

On to the Roundup

In case you missed them, here's the posts from Passive-Income-Pursuit over the past week.

Also, be sure to sign up to receive posts via email and to follow me on Twitter@JC_PIP so you don't miss anything.  You can also follow me on Facebook or Pinterest if you prefer those methods to get your daily fix and keep up to date on happenings around here.

Once again I'd like to say thanks to each and every one of you that read, commented, and shared posts from here this past week.  I think this dividend growth investing and financial independence community is amazing and the openness from everyone is awesome.  Thanks again!

Now on to the links!

How to Allocate Capital by Dividend Growth Investor


DivGro Pulse: January 2017 by DivGro

Living a $100,000 Lifestyle on $40,000 per Year by Root of Good

Fundamental Analysis: The Balance Sheet by Dividend Ten

Outlook February 2017 by Roadmap2Retire

January Dividend and Options Income by Investment Hunting

Take Risks - Nothing About Your Finances is Permanent by Dividend Diplomats

February 2017 Stock Considerations by DivHut

Winning the Home Run Hitters Game by Jason Zweig

This Is Why You Need A Process by A Wealth of Common Sense

Mining Stocks - Rules of the Game by FI Fighter

Passive Income Report: January 2017 by Passive Income Dude

Phillip Morris International (PM): A Popular High Dividend Stock for Retirement Portfolios by Simply Safe Dividends

How I Lived and Traveled on an 800 Euro per Month Extreme Budget by Tawcan


If you're looking for investment ideas, A Frugal Family's Journey maintains a list of stock analyses and recent buys from fellow bloggers.

I hope you all have a great weekend!  

Image courtesy of Gubgib via FreeDigitalPhotos

6 comments:

  1. Lol spending $2M/month?! How do you even manage to pull that off?

    Sounds like you are on the cusp of getting back into the groove of work and getting things back on track. I'm sure it'll be an adjustment after being at home for so long.

    Best wishes and thanks for including my Outlook post in this list.

    R2R

    ReplyDelete
    Replies
    1. R2R,

      Yeah I had to laugh at that when I saw it. How can you really even spend $2M per month. Although he had something like 7 ridiculous mansions so I guess the mortgage/property taxes on that is a good chunk. But even if you say that's $1M per month that still leaves $1M per month to fund your lifestyle. That's absolutely crazy!

      I headed back out to work on Saturday and it looks like I'll be here for a couple weeks at least. It'll definitely be a big change but I'm looking forward to it. The good thing though is that I should have more say as far as how much I want to work. So if I'm out for 3 weeks or a month I can tell them I need at least 2 weeks off to do things at home and will have more pull for that since I'm not getting paid a base salary.

      Thanks for stopping by!

      Delete
  2. What a shocker that is! 2 Million a month, how does he not see that isn't going to last. It doesn't take a money manager to realise that.

    ReplyDelete
    Replies
    1. BHL,

      Yeah $2M per month is crazy. But it just goes to show you that out-earning poor financial habits is hard.

      Thanks for stopping by!

      Delete
  3. Wow! $2 million a month. Sounds like he has similar problems to some pro athletes. Devonta Freeman, who is getting paid $690,000 a year as a rookie, even recently said: "I’ve got a family to feed, and I don’t want to struggle anymore." Laughable when that's coming from a guy making that much and he's serious! http://profootballtalk.nbcsports.com/2017/01/30/devonta-freeman-is-ready-to-get-paid-after-super-bowl/

    I'm waiting on some 1099 forms as well before I can get going on my taxes.

    Scott

    ReplyDelete
  4. Hi JC,
    Wasn't he spending something like $30,000 a month just on wine? It puts my bi-monthly purchase of a $10 bottle of wine into perspective. Bonfire of the Vanities was a good book about people earning millions and yet having little money.
    Thanks for putting the list of links together!
    Best wishes,
    -DL

    ReplyDelete