My first award (The Liebster)

What is this thing?
Thank you for this prestigious award Living at Home.  Did some quick reading on this award and it is a way for other bloggers to spread the word about new blogs that they enjoy.  The jist is to answer some questions and then formulate your own for another blogger to answer.  Almost like an e-chain letter.  One of the nice things is it bumps you up on the search engines via the chain.

The questions (and my answers)
  • If you won a mini-lottery would do choose $1 million in cold hard cash today or one penny that doubles every day for the next 30 days?  Basically, you start with a penny on day one.  At the end of day two you have two pennies.  Day there it’s four pennies, day four it’s eight pennies, and so on.
    • Good article which I have already read.  The answer is of course 30 days.  The risk of me passing away in 30 days is pretty slim so that is the better option for me.  If I had a terminal illness or was in my 80's I might choose the cool $1 million.

  • Would you rather make memories or money now?
    • Tough question which I have written about a little in my post on my last vacation and the cost of it.  That is another trick question.  The most successful people in life balance both.  You must plan for the future (including your financials) but must also live in the now.  Life is time so you must use it wisely.  I balance it by setting savings goals for investing and setting aside funds to enjoy life.

  • How often do you check up on your investments?
    • I log into my brokerage account a couple of times a week.  Mostly to do research so I would not call that checking up on my investments.  I don't worry about the prices as the companies I invest in are for the long term.

  • What are your career goals?
    • Use my skillset to work for a company that truly helps mankind.  Will mostly be a not for profit so that is why I am building up my portfolio now to help with income.

  • Have you ever slipped on a banana peel?
    • Can't say that I have.  In fact I do not know of anyone who ever has except when playing Mario Cart.


Part 2 of the Award
Now the next step is to some up with some nominations and questions of my own.

Questions
  1. Why is the sky blue?
  2. If everyone knows saving is good and you should not spend more that you make why is America the way it is?
  3. If you were an old billionaire (say $10 billion) would how would you split up your money between family and other things important to you?
  4. Is a house a worth it?  I don't see many supper frugal people blog about owning one.
  5. How much time do you research stocks you invest in?

Nominations

There is one that I just started reading and it looks like he has not posted about the award yet.  It is the Dividend SWAN.  He is a fellow dividend investment blogger.  

Comments

  1. Henry @ Living At HomeAugust 6, 2014 at 11:27 PM

    Thanks for accepting the nomination! And taking time to answer the questions. Yeah, the money or memories now is a tough. I'm having trouble finding a balance between that at the moment.

    And great nomination, I enjoy following Dividend SWAN on his progress.

    Cheers!

    ReplyDelete
  2. Dividend Family GuyAugust 11, 2014 at 12:24 PM

    Your welcome Henry. It was fun.
    Regards,
    DFG

    ReplyDelete
  3. TawcanAugust 12, 2014 at 4:36 PM

    Very interesting questions and very interesting answers. Thanks for sharing. :)

    ReplyDelete
  4. Dividend SWAN InvestorAugust 20, 2014 at 11:13 PM

    The DFG,

    Great job and responses to being nominating. Thanks for considering nominating me. I will gladly accept your nomination.

    ReplyDelete
  5. Dividend Family GuyAugust 22, 2014 at 7:59 AM

    Welcome SWAN! We are in a similar boat so keep at it. I enjoy your blog.

    ReplyDelete

Post a Comment

Popular posts from this blog

Will Dividends Teach My Kids to Work Hard?

After reading an article about education and learning from Mr. Money Mustache last week I starting thinking about my kids and their upbringing vs. how I was raised.  There was lots of discipline but also a tremendous amount of freedom.  That combined with loving parents taught me many lessons in life that I believe have led me to a great career and the joy of raising a large family.  The one thing that worries me the most is a fear that my children do not value gifts or money they receive as much as I did as a child. As a child I remember talking with my sister days before my birthday.  We share the same birthday one year apart.  We would spend the time talking excitedly about what we might get for our birthday.  Gifts were usually only on birthdays or major holidays.  Easter baskets filled with candy, or presents on Christmas or birthdays. Growing up with one TV that didn’t get the best reception left us with plenty of time to day dream about Christmas morning and all
Read more

What to write about when you have no money to invest?

Image
Without any money to invest from January all I could do is screen and learn about some new stocks that came up this month.  It is my hope still to save enough where I can actually invest on a regular basis again.  Part of me wants to start using loyal3 or computershare.com .  Buy for free and sell for free on Loyal3 or for a fee on Computershare.  That way I can continue to invest in some of the strong dividend payers these companies allow you to buy.  The other part wants simplicity and is willing to pay the fee to keep all my money in one place with one tax document.   The third part just reminded me my goal is to first rebuild an emergency fund.  That part is such a downer and is no fun.  The fourth part is my wife who wants me to put any free money into home improvements.  I avoid that conversation at all costs.   The house will hold up and last longer than me.  My time is what I want not a nicer house. I could go on all day about that stuff but you are probably more inte
Read more

August 2014 Budget

Image
I have been slow at writing this for a good reason.  I am not proud to share with all of you that for the 3rd month in a row my expenses exceeded my income.  I did not include my dividend income this month but plan on doing so in the future (and probably revising past months for this year.)  What is going on you say?  Well lets break it apart as always and see where I saved and where I could have done better. Needs As my kids would tell me "Sad face".  This month I am about $600 over budget.  Fixed things like mortgages, home insurance, car loan, braces were right on budget (and aren't going away any time soon.)   Below are the 3 categories that could be variable each month. Category Budget Actual Utilities $825 $962 Groceries $900 $937 Misc. $650 $1076 Total Over $600 Utilities This month in addition to my gas, ele
Read more

Investment Disclaimer

This webpage is provided for general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. If you have any questions please feel free to contact me at dividendfamilyguy at gmail dot com.