Max Out of Pocket

How Much Cash Should I Keep In My Pocket?

Cash. When things get tough, cash is king. If the total stock market falls 30%, cash holds its value. When bonds fall 10%, cash holds its value. Call it a security blanket. But it can be an expensive blanket. The expense comes in the form of inflation. The problem is, as the cost of goods and services rise, cash stays flat. It loses its purchasing power over time. A $10,000 “stack of high society” tucked...

Max’s Back Pocket Vol. VII

Another Saturday is here and is see flurries coming down again. Aside from the cold weather, I have to say this has been my best week yet coping with our new normal. I am not exactly sure what clicked, but my overall stress level has normalized and my mood has generally been positive about everything. It is pretty amazing how adaptable humans are. I already enjoy the simple things life has to offer, but that...

How to Pandemic-Proof Your Finances

Max has been doing some light networking with a few other writers and bloggers out there who actually know what they are doing. One of those writers is Kim from The Frugal Engineers. Kim is a Stanford graduate and licensed professional engineer. She started her blog right around the same time I launched Max Out of Pocket and has been able to move it along at a much quicker pace. As I like to say,...

Max’s Back Pocket Vol. VI

This was the first week since starting my questionable blogging career that I just didn’t feel like writing. Call it a lack of motivation. Even up until this morning, I was going to take a week off from the “Max’s Back Pocket” series. Perhaps some of the stress and complete routine destruction caused by the COVID-19 pandemic is catching up to me. Even Mrs. Max OOP wasn’t 100% this week. We also got some snow;...

Max’s Back Pocket Vol. V

Another week came and went. It seems like just yesterday I was watching coverage of China’s plan to build two hospitals in 10 days. I saw video footage of hundreds of excavators, bulldozers, front-loaders, and cranes working on clearing the site. That was way back in late January and it felt like this thing was a world away. I remember blowing it off. Now, COVID-19 has all but permanently changed our daily life. I couldn’t...