Intro: The Book of Mormon is another testament of Christ, an ancient record translated by a modern day prophet named Joseph Smith in the early 1800’s. While the book and its origins are controversial to some, I have spent years studyin…
Bitcoin was the first cryptocurrency invented, and it all comes from the idea of decentralization, or a financial system with no central banks or central authority, like governments. The underlying technology is called Blockchain. Imagine a chain,…
As I go about my life as a finance nerd, I often take the opportunity to mention investing in casual conversation. Most people I talk to often mention one stock in particular, like Tesla, Microsoft or Apple. I often try to bring the conversation …
This post contains affiliate and referral links for which we both get rewards. All the tools mentioned are free and beneficial rewards are given to both of us should you sign up. As most of you know, I’m a little bit weird. I don&…
I talked to a friend over dinner recently. He is about to go back to school in the fall and has a few thousand bucks to his name. He’ll need it for his upcoming expenses, including transportation needs. He asked my opinion for the best thing…
Buying gas is a necessary evil, at least until I get myself a Tesla (used of course). It’s a staple in just about everyone’s budget. I’ve long been using rewards cards to get money back on gas, but lately have come across somethi…
For two years I dropped everything to go on a two year service mission. Every waking moment I was praying, studying scripture and trying to share the gospel with anyone that would listen. There’s an obscure line in our teaching manual t…
Before I proposed to my future wife in college, we decided it would be a good idea to talk about our finances. In talking with friends, I’m often shocked at how little planning and understanding they have of each others finances before tying t…
I thought I would share why I am interested in achieving FIRE (Financial Independence, Retire Early). I will say I am more interested in the Financial Independence part than the Retire Early part. I anticipate that when I reach FI that I wouldn&rs…
My Highlights This post provides a quick overview of my life, which will help you gauge whether or not I’m interesting or able to relate to you. I’m in my early 30’s and here is what I consider my highlights:…
While working towards Financial Independence, it helps to work in a meaningful job. I’ve often heard the refrain that “People don’t leave jobs, they leave bosses.” Having a good manager is important to job satisfaction. Pa…
We all make mistakes with money at some point or another. Most are small, and our finances can struggle to survive death by a thousand cuts. Today I’ll start sharing my biggest money mistakes. Quitting My High School Job In High School I w…
I was talking to a friend recently and had an epiphany about 529’s. A 529 is a educational investment account and contributions to it are tax deductible at the state and sometimes federal level. It a pretty powerful way to save and…
I recently learned about the many advantages of Donor Advised Funds (DAF’s) at PhysicianOnFire and FrugalWoods blog. It was a little tough to understand at first, but this is a great way to optimize your giving and your tax si…
In social media the #COW means “Crush of the Week.” For motocross fans, it means something completely different: Crash or Win. This acronym is usually attributed to one of the fastest racers that seems to have trouble keeping it rubber…
The other day I read that only about 33.6% of employees who have access to a 401k contribute to it. This statistic is just over a year old. I was shocked to see this number so low. It pains me to see that many people forgo free money (if…
I think about money a lot and am constantly scheming about ways to increase my income, my investment returns and optimize my financial life. Often I reflect on my current net worth and investment portfolio and run through various future scenarios …
This is a post I’ve had in mind since before I ever started this blog, and probably the technique most unique to me. I’ve never heard of this being done by anyone else. It isn’t widely applicable, as it requires you to be a high …
The Aggregation of Marginal Gains is one of the coolest concepts I’ve come across. It demonstrates just how powerful small 1% gains are. They are vastly underestimated when stacked and implemented one after another. I first learned abou…
“Ride my own race.” This is one of the most common sayings in motocross. Fans of the sport hear it just about every weekend. It is one of the simplest and easiest to understand, but difficult to apply. We’ve already talked about …
Starts are very important in Motocross and Supercross. You’re lined up next to 22-40 guys in a drag race to the first turn. Everyone has 40-65 horsepower engines between their legs and is a ball of nerves, adrenaline and aggression. Getting a …
I grew up racing motocross and have been obsessed for years. Motocross and money are my two biggest passions and interests. I’ve noticed over the years that there are many analogous parallels relating to motocross. Between common say…
Finance is not just a math problem. For most people, a large part of our financial decisions has more to do with psychology than logic. There are complex emotions and thoughts that can influence our spending habits. It’s easy for our imperfect…
My New Emergency Fund My wife and I have typically had a 3-6 month emergency fund. To add some perspective, we spend around 3-5k on any given month. When it is 5k, it is usually due to tuition for my wife and extra payments to…
