Money, Nursing, Food, Life.
by Long Pham
The proverb “time is money” is something we’ve all heard. It’s a quite simple and effective way to explain the concept of opportunity cost, a basic economic concept.
Opportunity cost works on the fact that resources are scarce. There will always be a limited supply of time, money, or natural resources. Continue Reading
by Long Pham
Why do you work? Do you work because you need to, or because you want to?
Stop fooling yourself! You work because you have to. How did that happen?
The rules of our society tell us to go to school when we’re children. We become adults and can choose to delay entering the workforce by Continue Reading
by Long Pham
The Monthly vs. Yearly IRA contribution timing experiment November 2012 update.
| Fund | Shares | Price | Cost Basis | Market Value | Gain/Loss | Gain/Loss % |
|---|---|---|---|---|---|---|
| VTSMX | 103.70 | 34.57 | 3,297.80 | 3678.38 | 380.58 | 11.54 |
| VGTSX | 94.61 | 14.57 | 1,272.34 | 1378.55 | 106.21 | 8.35 |
| VBMFX | 46.67 | 11.19 | 512.58 | 522.24 | 9.66 | 1.88 |
| Totals: | 5,082.72 | 5,579.17 | 496.45 | 9.77 |
Account Summary :
by Long Pham
I’m late with an update on the progress of my personal finances for the third quarter, so I’ll just update you on what has happened up to now.
I’m proud to say that my wife and I made some pretty significant changes in our lives over the past year and it has paid off. Prioritizing Continue Reading
by Long Pham
The Monthly vs. Yearly IRA contribution timing experiment October 2012 update.
| Fund | Shares | Price | Cost Basis | Market Value | Gain/Loss | Gain/Loss % |
|---|---|---|---|---|---|---|
| VTSMX | 103.70 | 35.21 | 3,297.80 | 3,651.41 | 353.61 | 10.72 |
| VGTSX | 94.62 | 14.31 | 1,272.34 | 1353.95 | 81.61 | 6.41 |
| VBMFX | 46.58 | 11.19 | 511.58 | 521.24 | 9.66 | 1.89 |
| Totals: | 5,081.72 | 5,526.60 | 444.88 | 8.75 |
Account Summary :
by Long Pham
When I initially started this website, one of the major problems I had was finding a good domain name. Since there are already so many finance blogs out there, a lot of my “a-ha” ideas and names happened to already be taken. There were a lot of play on words, themes of personal finance, and Continue Reading
