Tuesday, November 27, 2018

Giving Back and Creating Passive Income....




During a year when stock market investments haven’t met expectations and barriers to entry into local real estate have exceeded my threshold, there have been a few bright spots as I look to give back and move towards the F.I.R.E. (Financial Independence, Retire Early) sector:

·       I created a non-profit: The JH (Robby) Robinson Education Foundation, Inc., which provides $500 scholarships to working college students. Me and the Treasurer, the only two board members, are both working for free. We have a scholarship committee dedicated to ensuring a non-biased approach in awarding assistance and we are already receiving donations and posting and giving out scholarships. All donations are tax-deductible as we are a 501(c)(3) organization. Check out our website when you have time.  

·       Earlier this year I shared that I was trialing a cashback rewards credit card. To date, this has been quite rewarding, as my wife and I have cashed out more than $800 since July. While a large chunk of this was the $500 cashback we received for putting $4,000 on the card within 3 months, we are averaging earnings of at least $50 per month while not paying a dime of interest. However, please do not use credit cards for cashback rewards if you are not going to pay them off every month, as this is what credit card companies are banking on and which will cost you far more than you will receive.

·       After getting tired of seeing 0.25%-0.65% annual return rates for my savings and money market accounts, I moved over 80% of my cash reserves into an online high interest savings account paying a 2.05% annual return rate. This account also affords me the option of moving money into other high yield monetary vehicles (current best offer is a 14-month CD at 2.8%) which is a nice offset when the market isn’t performing optimally.

While my approach is, for the most part, working for me, please remember that this information is only for educational and entertainment purposes and to always consult a financial advisor like my man Tyrone before making decisions about your own financial assets.

Thursday, November 22, 2018

Epictetus Quote....



“Our busy minds are forever jumping to conclusions, manufacturing and interpreting signs that aren’t there. Assume, instead, that everything that happens to you does so for some good. That if you decided to be lucky, you are lucky.” – Epictetus 

Wednesday, November 7, 2018

Real...




It makes me sad that I failed to fully appreciate all the lessons I learned from my father growing up, but seeing the best part of him (and my wife) in both my kids now reminds me that many of those lessons were still passed on…

The following is an excerpt from the Bio I was asked to put together by the treasurer of my nonprofit for our new website ...

During my childhood, my father emphasized sports and chores as a way of teaching me and my siblings about the value of hard work and goal-setting.  As soon as we were old enough, we were required to obtain jobs, especially if we wanted anything beyond the basic needs of food, shelter and clothing. In 6th grade, I asked my father for a pair of Nike tennis shoes, as most of the kids at school were wearing them and I wanted to be part of the ‘in’ crowd. He said we couldn’t afford it but that he had an idea. The next day, after school, he took me to the grocery store where we immediately headed to the cereal aisle. He grabbed a box of Wheaties off the shelf. On the back of the box was a coupon for a pair of Pony tennis shoes if you mailed in $5 with it. Upon leaving the store I noticed that our old lawnmower was in the back of my dad’s Datsun pickup truck that he drove for 15+ years. We later stopped at an older couple’s home, who I knew were out of town. The grass was very tall, but I got busy, thinking about the feeling of those Pony tennis shoes soon to be on my feet. Three hours later, I was sweating profusely, the task complete. When we arrived back at the house, my dad gave me a $5 bill and I quickly cut the coupon off the box, addressed and stamped the envelope, dropped the money inside, sealed it and put it in the mailbox, raising the red flag to alert the mailman that he had something to pick up. Two weeks later, I had my first ‘cool’ pair of kicks. More important, I had a great life lesson about planning and working for what you want.

Monday, November 5, 2018

Getting Ahead...


Knowing I was going to be out of commission for a while, I got some spring cleaning knocked out Wednesday, October 31st….