Summer Vacation 2018

Ah, can you feel that? The end of June is approaching, which means it's time for the summer weather pattern to descend on Portland. There are clear skies and plenty of sun sun sun in the forecast. Feels like the perfect time to play hooky, no?

I'm taking this week off to enjoy the sunshine and to prepare for my upcoming presentation at WDS.

Financial Freedom Workshop Next Week!

As I did in 2016, I'm co-hosting a workshop on Financial Freedom. This year, my co-host is the amazing Douglas Tsoi, founder of Portland Underground Graduate School. We'll host our three-hour session on money and meaning from nine to noon on Thursday, June 28th, in downtown Portland.

For more info (or to register), you should go here. (Please note: Although there's a nominal fee to attend this presentation, Douglas and I don't get paid a dime. This isn't a scammy, sales-y event. It's just two guys trying to share what they know about financial independence.)

Best Money Expert!

In other news, the folks at GoBankingRates have nominated me as a vote for me here. I'm nominated in the “Retirement Planning” category.

Questions and Suggestions

Finally, now's a great time for questions and suggestions. I intend to spend the next few weeks writing about banking and credit cards. Anything in particular you'd like me to cover? And what about once we're finished with that topic — what subjects would you like to see me dive into around here?

Any other feedback about the site or the email list? Now's the time to drop a line. Just leave a comment below.

Now it's time for me to take the dog for a long walk. I hope the weather is beautiful where you are, too. I'll see you next week.

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dh
dh

I’d like to see a big, juicy post on the best economical cars for minimalists and the budget-minded.

I’d also like to see, just for fun, some travel posts where you talk about frugal options for the various cities around the world. Have you ever checked out Wolters World, JD? It’s such a fun YouTube channel. I could see you making similar videos:

https://www.youtube.com/watch?v=PbEhWPAdp4s

Josh
Josh

This sounds good, and preferably with a view to safety as well. I’ve noticed a lot of early retirement blogs tend to advocate “old clunkers” on the basis of reduced capital cost, but you can only retire early if you don’t get killed in a car crash first.

Chris
Chris

I would like to see you write about where to put your emergency fund. Also, is there a better place to buy checks from than the bank? (I am still old school) Finally, is it bad to have a lot of available credit on your credit cards? How much is too much? (We pay off every month, but don’t use near what our credit limits are) Also a piece of advice that we have found helpful is to have two different major credit cards. My spouse carries one and I carry the other, but both are joint accounts. Through the… Read more »

Jim Wang
Jim Wang

I’ll jump in as long as JD doesn’t mind … A lot of banks will give you checks for free. I use Ally Bank and they’ll mail you a checkbook upon request.

A lot of available credit on your credit cards isn’t bad. The only potentially negative effect is if a credit card decides to close an account due to inactivity (very rare), which is a secondary and indirect effect of having a large available credit balance (you don’t use it).

Danielle
Danielle

Here’s something I am struggling with. We currently keep our emergency fund in various credit unions earning a higher than usual interest rate. We also have two car loans, one at each credit union. Does it make sense to reduce the number of financial institutions we have our money in and combine our checking/saving/loans at one credit union? What are the reasons for doing this? Any reasons not to do it?

fiddlefaddle
fiddlefaddle

Really liking your posts lately! What about one about combining finances after getting married later in life?

I’d also love for the forums to come back! Really miss my journal!

WantNotToWantNot
WantNotToWantNot

Have a GREAT VACATION! We’ll all be here when you get back. And waiting for the Inhabited Hot Tub photos. 😉

Barb
Barb

The unknown of health costs in retirement are my biggest concerns. It’s hard to be comfortable estimating what those costs will be in 10 or 20 years. So, I’d love to see some articles on how to mitigate those risks. Topics may be pros and cons of long term insurance, when it makes sense to start buying it, etc; alternatives to traditional health care for the gap between early retirement and when medicare starts, etc; and the overall financial impact of getting/staying healthy vs the traditional American lifestyle.

Luke
Luke

My wife and I have been married for a year. Together, we have about a million checking/savings accounts and different credit cards. We have semi-combined our finances, with shared accounts for some things and individual accounts for others. Sure – it generally works, bills get paid on time, we don’t carry credit card balances, we are saving for retirement and long-term goals, and I think we both feel a degree of ownership of the process… but its a pain in the ass to manage. Any ideas on how to simplify and reduce the number of banks and bank accounts we… Read more »

Jason
Jason

For credit cards I think a true analysis of break even points between the best cash back cards vs. the best travel rewards cards would be really neat (including the opportunity cost of the cash lost from a cash back card against whatever travel benefits you are earning from the travel card) On the banking side maybe explore the difference of holding your emergency cash in an online savings account vs. a prime money market account at Vanguard/Schwab/Fidelity. The money market rates are creeping above the online savings rates lately so it has caught my attention more. I know the… Read more »

AnnWilson
AnnWilson

The best article you ever wrote was at the end of your first stint at Get Rich Slowly. It was the one comparing the mindsets of rich people, and not rich people. It was eye opening. Rich people worked harder, scrimped, never gave up, etc. Poor people felt defeated, unlucky, and didn’t feel they could change their status in life at all. I would like to see you reprint that article.

Dave
Dave

I most enjoy your articles when you get into the psychology of things. It’s easy to “know what to do” but it can be quite challenging to actually do it. It was also interesting to learn how much our background/family influence us now; I can really see it in myself.

Jen_nifer
Jen_nifer

I just want to agree with Dave. A lot of money choices are not logical. More insight on this is always good.

Isaac Johnson
Isaac Johnson

JD Thank you for all of your efforts in putting out great content. I have been finding myself here more often now that you have retaken the reins. I am so bummed I just saw this post, and though I live in the area I will not be available for Thursday workshop. I signed up for the mailing list, so hopefully I will be able to attend another one in the future. Thank you for all you do!

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