Part of the idea behind the Max Out of Pocket blog was for me to find a place to organize my thoughts on personal finance, healthcare, and life in general. It just so happens we have an event scheduled in April that will impact all three. So I thought now would be a good time to tighten things up a bit around here. Outside of Healthcare finance, Max prides himself on being in tune with...
If you want to get to know someone, take a look at what they spend their money on. A quick peek at their expenses and their priorities become clear. Even better, turn this exercise back on yourself. There is nothing quite like taking a long hard look in the mirror. But most of us never will. We will just keep on spending our way through life wondering why we can’t get ahead. I could argue...
I suppose I am becoming more conservative in my old age. I hear that happens. Maybe all this talk about our liquidity ratio has gone to my head. Or maybe this is just a victory lap; a cheap symbolic token for me to pat myself on the back and say, “Nice job Max, you finally made it.” Either way, after being highly invested in stocks/equities through most of the longest bull market in history, I...
There are benefits to having a hobby in personal finance. In a world where money moves products and services, understanding how it works is a powerful thing. When you enjoy learning about it, that makes things even easier. From complex tax law to convoluted retirement accounts, it is worth spending some time figuring all this stuff out. But there are also some basic things we should keep an eye on. One of the metrics that...
Series I savings bonds have been around longer than the iPhone. They are not as flashy, but I still think they have a nice look to them. They last longer too. If you like paper, they are the only government savings bond still available in that ‘old school’ paper format. Remember the college savings bonds you might have gotten as a kid? I bonds are a lot like those. The only way you can get...