Personal Finance Digital

Portfolio💵

Created by: Nicole Pawlik 1⃣2⃣

Spend less money than you make…
My Financial Goals

Short Term: Long Term:

● Try to get into a process of saving money ● Have enough money to be able to support
for college
myself without relying on anyone else
● Try to stop spending money on clothes I do
not need and save the money instead ● Save a good amount of money in college
● Try starting a “savings” and “spending” ● Really try budgeting myself like, “do i need
system just for myself this” or is it just “do i want this”
● Try starting a “emergency savings” account ● Understand how every financial thing
● Try to save enough money for a trip with my
works, buying a house, electric bill, water
boyfriend next summer before college
● Start a checking account bill,etc…
● Create a NEW Roth IRA? ● Buy my dream car
● Become a mom
THE THREE BUCKETS

emergency savings (6
checking account retirement
months)
Rule of 25

Rule 1- retirement is not an age, it’s a

number.

You should have 25 times your yearly

or annual spending saved/ invested
before you retire.

25 x 40,000 = $1,000,000
The 4% Rule

A popular retirement withdrawal

strategy that suggest retirees can
safely withdraw the dollar amount
equal to 4% of their
savings/retirement of investments
during the year they retire and then
adjust for inflation each subsequent
year for 30 years.
1,000,000x.04=40,000
The Rule of 72

It is used to estimate the number of

years to double your money.

Examples:

72/ .01=7,200 years 😴

72/1=72 years 😒

72/2=36 years 😌

72/10=7.2 years 😜😬
Net Worth

WHAT YOU OWN - WHAT YOU OWE

● Net Worth= Assets (things you own) - liabilities

(dept)
● Pay yourself first!
● Prioritize saving and investing above all else if
possible
The Credit Bureaus
THEY TRACK…

● Every transaction involving dept

● Open/Close account
● Balances
● Credit limits
● Payments (on time or late)
● Credit request
● Bankruptcies
● Etc…
 Annual Credit Report Free Credit Report

X
https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1%2C000%2C0
00&cstartingprinciplev=0&cyearsv=19&cinterestratev=10&ccompound=annually&ccontributeamountv=250
&cadditionat1=beginning&ciadditionat1=annually&printit=0&x=Calculate#calresult
WHAT A CREDIT SCORE IS GOOD FOR
● Getting approved or better rate for:
○ A credit card
○ A car loan
○ A home loan
○ Business or personal loans
● Potentially impacts insurance rates
● Rarely can impact a job application
FICO (CREDIT) SCORE (improve your credit score)

● Make every payment on time

(at least the minimum)
● Pay down all loans
● Maintain higher credit limits
● Never cancel your oldest
no-annual-fee credit card
● Getting a lot of new credit at
once will drop the score
How to get my credit score
 Credit Score vs Net Worth

Good credit score High net worth

Encourages ❌
spending
✅ Encourages
frugality

Makes banks rich ❌

✅ Makes you rich

Easier to ❌
borrow money
✅
Actually have money
what’s your focus?
Phases of Building Wealth
Common Types of Debt

● Mortgage 🏡
● Credit Card💳
● Student Loan󰟫
● Car loans 🚗
Credit Card Debt 💳

● The most expensive debt

● Interest rates are around 20%
● A rolling balance affects your credit score
● Pay this off ASAP!
● Compounds daily
Student Loans 🎓

● Invest in yourself to make a higher income

● Student loan forgiveness programs available
● Pay this off ASAP!
● Current interest rates 5.5% for undergrad
Car Loans 🚗

● Never borrow money for a car

● Save up money for a good down payment (the more you put down, the less you
have to finance)
● Cars quickly depreciate in value
● Pay this off ASAP!
Mortgage Dept 🏡

● Low interest rates

● Current interest rates are between 7-8%
● Can pay off as slowly as possible
● Builds equity
● Backed by an appreciating asset
● Monthly PITI (Principal, Interest, Taxes, Insurance) payment
 0% Interest Loans

Would you rather pay $1,099.99 or $30.55 for 36 months?

● Encourage you to buy more than you can afford
● You end up spending more on other things
● Cost of loan is built into price
How to NOT Get Out of Debt

● Debt consolidation
● Refinancing
● Loan deferment
● Lower interest rate
● PAY BACK ALL THE MONEY THAT YOU OWE

These are like pushing peas around a plate.

6 Ways To GET OUT OF DEBT Faster

● 1) Use a budgeting app 📱

● 2) Sell some of your stuff 📦
● 3) Pause your investing ⏸
● 4) Start a side hustle 🐕
● 5) Live with roommates 🏡
● 6)Downgrade your car 🚘
● 7)Live at home with mom and dad for a few years 󰔡
Student Loan Forgiveness

Meaning you’re no longer required to pay off all or some of your loan.

Forgiveness programs for:

● Government & non-profit employees

● Teachers
● Doctors,nurses
How to PAY OFF Debts

● Always make minimum payments on all debts

● Work hard to make beyond the minimum payments to be debt free ASAP.
● How to prioritize money beyond minimum payments?
DEBT PAYOFF METHODS

Credit Card 2 Credit Card 1 Car Loan Student Loan

$2,000 $7,000 $10,000 $20,000
17% interest 25% interest 4% interest 5% interest

Debt SNOWBALL
Lowest to highest balance
—--------------------------->
DEBT PAYOFF METHODS #2

Credit Card 1 Credit Card 2 Student Loan Car Loan

$7,000 $2,000 $20,000 $10,000
25% interest 17% interest 5% interest 4% interest

Debt AVALANCHE
Highest to lowest balance
< —---------------------------
Debt Snowball VS Avalanche

Time to pay off Interest paid

Debt Snowball 46 months $6,303

Debt Avalanche 45 months $5,915

Minimum payment:
$800 1 month $388

Total monthly
payment: $1,000
PRINCIPAL

The original dollar amount of a loan to be paid back

over a set period of time at a specific interest rate.
Roth IRA

$6,500= maximum contribution for 2023

● Funded with after-tax dollars
● At any time for any reason, you can withdraw your contributions tax-free and
penalty-free
● $6,500/12=541.67 monthly
● $6,500/365=17.81 daily
US Markets

S&P 500- NASDAQ- Dow Jones-

is a stock market index Composite is a stock market is a stock market index of 30
tracking the stock index that includes almost all
prominent companies listed on
performance of 500 of the stocks listed on the Nasdaq
largest companies listed on stock exchanges in the United
stock exchange (More than
stock exchanges in the United 2500 stocks). It is heavily States. The DJIA is one of the
States. It is one of the most weighted towards companies oldest and most commonly
commonly followed equity in the information technology followed equity indexes.
indices. From the research I’ve sector.
done it represents 80% of the
total stock market. Year to Date Return (YTD)
34.98% Year to Date Return (YTD)
Year to Date Return (YTD)
18.10% 5.29%
Investment Checklist
Personal Finance Club Rubric/Template 0⃣

SUMMARY <infographic image goes here>

demonstrates ability to identify;
● Author/title/date (of the blog post article)
● The central claim
● 3 supporting details (explaining more)
Reflection of Learning
demonstrates ability to identify;
● The reason for choosing the blog post
● 3 things you learned
● Application in my life (how does this apply
to me)
 Personal Finance Club Sentence Starters 0⃣
SUMMARY

According to ___(<full name)___(<date) blog post “___,”(<blog post title)___(central claim).

<infographic image goes here>
To support this, the author argued, “…”(last name).

Another piece of evidence was, “…”(last name).

Finally, the author pointed out that, “…”(last name).

Sideris’s or Sideris’ are both correct and October 14,2023, (notice two commas in the date)

Reflection of Learning

I chose this blog post because…(what drew you to it?What interested you?)

One thing I learned…(explain one evidence in your own words).

Another thing I learned…(explain another evidence in your own words).

Lastly, I learned that…(explain another evidence in your own words).

I will apply my learning by…(examples from reasoning list).

Overall, this could impact my life by…

 Does skipping Starbucks make you a millionaire? 1⃣
Summary

According to Shane Sideris’s (July 17, 2023) blog post “Does skipping Starbucks make
you a millionaire? ” by investing the money we spend on Starbucks, it can make you
lots of money in the long run. To support this, the author argued, “Investing in the
stock market has returned an average of 10% per year for the last 100 years or so.
(Sideris). Another piece of evidence was, “10% vs 0% can turn your mocha money in to
big bucks!”(Sideris). Finally, the author pointed out that, “They add up all the costs of
the coffees over the years and point out that it wouldn’t even be enough for a down
payment for a house. THAT’S TRUE, but we shouldn’t just be putting our coffee
savings under the mattress. We should be INVESTING it.”(Sideris).

Reflection of Learning

I chose this blog post because I have a Starbucks addiction and I felt like I can relate to
this post more than other. One thing I learned is that by investing in the stock market
you can on average earn 10% of what you put in, each year. Another thing I learned is
that investing your money is always better than saving it. Lastly, I learned that is just
by skipping my daily Starbucks and saving the money won’t make me rich, I need to
invest that money that I saved. I will apply my learning by investing the money I save
when I skip my daily Starbucks. In some cases where I skip my daily Starbucks
because I feel like I have spent too much money, I can take the money that I saved and
invest it. Overall, this could impact my life by helping me make a lot of money in the
long run just by changing one simple thing I do in my everyday life.
Make time for a regular money date with your partner 2⃣
SUMMARY

According to Shane Sideris’s (July 28,2023) blog post “Make time for a regular money date with your partner,” by having
conversations with your partner based on money and spending and budgeting can save you heartbreak and assure your financial
stability. To support this, the author argued, “ Money is the most common thing millennial couples fight about, according to a recent
survey by Credit Karma. What are they usually about? Different spending habits, not relating to the other person’s financial goals,
hiding financial issues, and much more.” (Sideris). Another piece of evidence was, “Managing money is complicated and even more so
when you’re navigating it with another person. It’s crucial for a healthy relationship to create a safe space to discuss money. This can
take the form of having a monthly date night that focuses on money. Sounds like a good time eh?” (Sideris). Finally, the author pointed
out that, “In your money date, it’s important that it’s a judgement free zone so both parties feel comfortable bringing up whatever is
on their mind. It can be used to set expectations about what is important to you individually and as a partnership. What’s working or
not working? What goals would you like to achieve? How can the other person support you? Having shared goals can strengthen your
bond and motivation to work together.” (Sideris)

Reflection of Learning

I chose this blog post because it reminded me of me and my boyfriend. We find it kind of challenging to ground our spending,
especially when we are together whether that‘s on food or drinks, etc, and we make it very difficult on ourselves when for example
we don’t know who’s turn it is to pay. One thing I learned is that having financial conversations with another person that you're
sharing your life with might not seem like a big thing but it will make your life so much easier setting ground rules together. Another
thing I learned is that asking questions lIke, “What’s working or not working?” really help you deeply think about what seems to be
the spending problem here, or okay I can’t be buying that anymore on a daily, or okay you can’t afford that I will help you and we will
make it work. Lastly, I learned that talking about money can really save your relationship, and that’s a big one. This is the person your
sharing your life with, and you really want to figure out your life plan based on financial needs. I will apply my learning by as growing
up I will know to have financial conversations with my partner so we both life a happy and healthy life, other than, fighting and always
worrying about money. Overall, this could impact my life by really helping me and my partner decide how we are going to choose our
money ways, and knowing to put that first.
How big is the markup on alcohol? 3⃣
SUMMARY

According to Shane Sideris‘s (August 8, 2023) blog post “How big is the markup on alcohol,” pregaming at
home before going out and spending money on drinks at bars can save you a ton of money. To support this,
the author argued, “ You can buy a decent bottle of whiskey from a grocery store for about $25. That one
bottle contains about 17 shots in it and $25 divided by 17 equals $1.47. That’s eight shots for the price of
one!“ (Sideris). Another piece of evidence was, “If you’re going to drink, save yourself. a bunch of money
pregame before you go out,” (Sideris). Finally, the author pointed out that, “Going out to drink at a bar may
bring precious memories and connections, but if you wake up the next morning regretting that $200 bar
tab, it may be time to make some changes.” (Sideris)

Reflection of Learning

I chose this blog post because these days especially in the college world, that persists of going out a lot
with your friends, and by doing that, and buying drinks, you spend and spend so much money, and for a
college student that is not a very smart thing to do. One thing I learned is that spending money on alcohol
at bars takes away so much money from you than even food and clothes. Another thing I learned is going
out to bars and spending $8 on one shot is super pointless, and getting a regular bottle of alcohol from the
store will save you a big amount of money. Lastly, I learned that you absolutely do not need alcohol to have
fun! And you’ll have a bunch of money to your name that you saved instead of going out and getting
alcohol you very much don't really need. I will apply my learning by teaching others, for example older
cousins that are in college to save their money from going out to bars, and spend it smartly at home.
Overall, this could impact my life by if i ever decide to go to a bar when I am of age, I will know to save my money
smartly, and figure out ways at home so I don’t spend triple the money at the bar.
Why have concert tickets become so expensive? 4⃣
Summary

According to Shane Sideris’s (August 3,2023) blog post “Why have concert tickets become so
expensive ,” concert tickets have gotten crazy expensive throughout the years. To support this, the
author argued, “Concert ticket prices have risen rapidly. It took one hour of working minimum wage
to buy an Elvis ticket and 125 hours to buy a Taylor Swift ticket,” (Sideris). Another piece of evidence
was, “ In the old days, artists made the majority of their money from selling records. Today, most
of their money comes from live events and streaming revenue,” (Sideris). Finally, the author
pointed out that, “Today, the big companies that sell tickets use “demand pricing” which is somewhat
similar to Uber’s surge pricing and this results in higher ticket prices. And let’s not even talk about all
the junk fees that are thrown into concert ticket prices,” (Sideris).

Reflection of Learning

I chose this blog post because it really caught my attention how concert prices have increased really
heavily these days. One thing I learned is that artists made more than half of their money from
selling their records. Another thing I learned is that these days artists make the most money from
streaming revenues and their live events. Lastly, I learned that to buy a concert tickets in our century
it takes about 125 hours of work to afford one, and back in the day it used to take 1 hour of work. I
will apply my learning by getting to know the right way to save my money if I ever want to attend a
concert. Overall, this could impact my life by understanding the way prices have changed
throughout the years, and they will continue changing rapidly.
The average payment for a new car is $725 per month 5⃣
SUMMARY

According to Shane Sideris’s (July 21, 2023) blog post “The average payment for a new car is
$725 per month,” purchasing a used car rather than a new one can save you a whole lot of
money. To support this, the author argued, “Today, new cars under $30,000 make up just 8% of
vehicles for sale. This number was 38% in 2019,” (Sideris). Another piece of evidence was,
“You get an auto loan at a 10% interest rate to buy something that will go DOWN in value an
average of 10% per year. This is a TERRIBLE deal. And that’s not even to mention the
opportunity cost of not investing that money!!,”(Sideris). Finally, the author pointed out that,
“The $725 per month average payment for a new car is according to a recent survey that
Experian did. For used cars, the average is $516,” (Sideris).

Reflection of Learning

I chose this blog post because I am someone who loves nice cars and would love to one day
purchase one myself on my own but smartly with my money. One thing I learned is buying a
used car every ten years lets you invest 600 dollars a month. Another thing I learned is never
get a loan to buy a car. Lastly, I learned that getting a normal used car even if you can afford a
much better one is the smartest thing to do to save money. I will apply my learning by being
smart with my money when buying a car for myself when I am older. Overall, this could impact
my life by allowing me to invest lots of money.
How much does a stay at home parent deserve? 6⃣
SUMMARY

According to Shane Sideris’s (July 7, 2023) blog post “How much does a stay at home parent
deserve,” a stay at home moms work costs more than a regular person’s full time job. To
support this, the author argued, “A recent study said a stay at home parent works an average of 15 hours
a day (105 hours a week!!). They juggle a ton of responsibilities to make their house and family run smoothly.
Just because they don’t have a paycheck hitting their account doesn’t mean their work is any less valuable,”
(Sideris). Another piece of evidence was, “Managing a house and raising children is no easy task.
But it’s underappreciated because, as a society, we place so much emphasis on status and how
much money you make a year,” (Sideris). Finally, the author pointed out that, “Some studies that
have tried to estimate how much a stay at home parent saves their family have calculated
numbers that range from a few thousand to well into the six figures,” (Sideris).

Reflection of Learning

I chose this blog post because I hope to become a mom one day, and I was curious to see how
much a mothers work really costs. One thing I learned is that a stay at home moms work costs
more than for example her husbands full time job. Another thing I learned is that a stay at
home mom works an average of 15 hours daily, more than a regular full time job. Lastly, I
learned that is that every single “job” a stay at home mom does costs over 20K in the “real
world job”. I will apply my learning by knowing that a moms work is quite literally a more paying
job than regular job but unpaid on a daily. Overall, this could impact my life by knowing a moms
work is really important, and when I become a mom in the future I will know me being a mom is work
involved with many multiple “little side jobs”.
 Being cheap can lead to you paying more 7⃣
SUMMARY

According to Shane Sideris’s (August 24,2023 ) blog post “Being cheap can lead to you paying
more,” To support this, the author argued, “In our example, we aren’t even taking into account a lot of
other things that will influence your experience like customer service, boarding process, flight
cancellations, and so on. We are definitely not saying you are guaranteed a good experience on a
regular airline, but the chances are likely higher. All of this needs to be factored into the price you
pay,” (Sideris). Another piece of evidence was, “The example we gave has to do with airlines, but this
same concept applies in other areas too. Fast fashion is inexpensive but you might not love how it
looks so you only wear it once. A fixer upper may only be what you can afford in your area, but it
comes with so many unexpected expenses and headaches,” (Sideris). Finally, the author pointed out
that, “From some quick research, no airline currently charges a bathroom fee (thank goodness!!).
There has been some talk from a couple of the budget providers about adding one. It doesn’t seem
like the thing to exactly win over your customer, but who knows,” (Sideris).

Reflection of Learning

I chose this blog post because my family and I love to travel a lot, and it seemed interesting to see
how you can save money on flights. One thing I learned is that thinking you may be buying the
cheaper things may actually lead you to spending more money. Another thing I learned is you have to
really think about your budget while flying because a ticket price can for example be cheaper than
another ticket but a checked bag can cost more if a ticket is cheaper or the other way around. Lastly,
I learned that is some airplane fees or overall prices are insanely overpriced, and you should stack up
on your own things to save money before getting on an airplane. I will apply my learning by planning
out a way to budget my money before getting on another airplane and spending more than I need
too. Overall, this could impact my life by allowing me to save a ton of money by getting the right
ticket prices.
 How much does dog ownership cost?8⃣
SUMMARY

According to Shane Sideris’s (June 9,2023 ) blog post “How much does dog ownership cost,” To
support this, the author argued, “…the priceless love you can get from your pet, comes with
significant responsibility. When you bring them into your life, whether it’s a dog, cat, or something
else, you become responsible for their well-being and happiness. And this can be expensive and
require a large amount of your time,” (Sideris). Another piece of evidence was, “So, where does all of
this leave you? Before you get a pet, understand the true cost. It’s often that people focus on paying
the adoption fee and don’t quantify the annual cost of owning a pet. Once you calculate this number,
you’ll know if you can justify caring for a pet. Be true to yourself and understand if the financial
burden will add more stress in your life,” (Sideris). Finally, the author pointed out that, “Not
everything is just about money. Yes, you would probably be able to save more money if you never got
a pet. But the joy that a pet can bring into your life is invaluable and cannot be measured solely with
dollar signs,” (Sideris).

Reflection of Learning

I chose this blog post because my family and I have a dog, and I was curious to see how much money
we use on our dog. One thing I learned is that dogs are literally like mini humans, and need needs like
us, for example insurance, and doctors (vets) , etc to be healthy like us which costs money like for us
humans. Another thing I learned is that although dogs can bring so much love and fluff into your life,
you may have to see if managing a dog fits into your budget. Lastly, I learned that even though having
a dog may cost a lot of money, coming back home to a cute puppy greeting you will make up for it! I
will apply my learning by if I ever decide I want to get a puppy of my own when I am older, I will know
to really assess my money ways so I can afford having to buy a puppy. Overall, this could impact my
life by helping me maybe starting off early into saving money to get a pet when I am older.
 How much does attending a wedding really cost? 9⃣
SUMMARY

According to Shane Sideris’s (May 11,2023 ) blog post “How much does attending a wedding really cost,” To
support this, the author argued, “You don’t have to wear a new dress to every wedding. It’s ok to be an outfit
repeater,” (Sideris). Another piece of evidence was, “And you don’t have to attend every wedding that you get
invited to. Send a thoughtful gift instead – maybe even a nicer one than you normally would have gotten
them,” (Sideris). Finally, the author pointed out that, “This example is focused on weddings, but this applies to
birthday parties, bachelor parties, and vacations too. It’s important to focus on the TOTAL cost, not just the
couple obvious ones that come into your mind. Once you do that, you can make the best decision for you if
it’s worth spending the money,” (Sideris).

Reflection of Learning

I chose this blog post because I have never actually attended a wedding in my life before, and I hope to one
day attend one, so I wanted to see how much money being a wedding guest is really going to cost you. One
thing I learned is that sending out a wedding gift is much more cheaper than actually showing up as a guest
at the wedding. Another thing I learned is that going to a wedding, does not mean it’s smart spending so
much money a brand new dress you are probably only going to wear to that wedding. Lastly, I learned that is
that not only being wedding guests can be expensive but being guests at other parties can cost you a lot as
well, which is really fascinating honestly because when you really think about it from the sound of it “being a
guest” shouldn’t really have to cost you money, but it does. I will apply my learning by knowing the process of
the expectation and reality cost wise of being a wedding guest, or any type of guest to any party. Overall, this
could impact my life by allowing me to save a lot of money, especially by asking myself are these people
really that “important” for me to show up and spend so much money, or are they really people whom I should
just send a gift too, and save some money.
Smoking is more expensive than you think 1⃣0⃣
SUMMARY

According to Shane Sideris’s (May 4,2023) blog post “Smoking is more expensive than you think,”
paying for your medical bills after your health problems because of smoking will cost you more than a
pack of cigarettes would cost you. To support this, the author argued, “The actual price of
cigarettes is minor compared to everything else that smokers face over their lifetime, such as
significant health expenses and higher life insurance premiums,”(Sideris). Another piece of
evidence was, “The good news is that the percent of people in the US who smoke has been steadily
falling. Now, about 12% of adults regularly smoke, but 25 years ago this number was 35%. Even with
that said, smoking remains the leading cause of preventable disease, disability, and death in the US,”
(Sideris). Finally, the author pointed out that, “A pack of cigarettes costs roughly $10 depending
where you are. But, there are studies that show that every pack of cigarettes comes with an
additional $35 in healthcare related expenses that you will incur in your lifetime,” (Sideris).

Reflection of Learning

I chose this blog post because I wanted to see how much money people who smoke actually
spend on cigarettes. One thing I learned is that not buying multiple packs of cigarettes would
save you so much money. Another thing I learned is that would you rather have bad lungs or
have more money? Lastly, I learned that a lot of people in the US die from smoking, but the
amount of people that die have been steadily dropping which is good. I will apply my learning by
telling people who I know smoke that it is not worth it for their health or bank account. Overall,
this could impact my life by helping people from having bad lungs, and a lot of money saved from
the cigarettes they would have went out and bought.
Is college worth it? 1⃣1⃣
SUMMARY

According to Shane Sideris’s (April 27,2023) blog post “Is college worth it?,” college is not
required to be successful in life although it may give you multiple benefits. To support this, the
author argued, “As the cost of college continues to rise, the number of people who find it
worthwhile will likely continue to go down. After all, it doesn’t sound too exciting to join the 44
million Americans who owe a combined $1.7 trillion in student debt. And, it takes an average of
17 years to fully pay it off!”(Sideris). Another piece of evidence was, “So, is college worth it?
The answer is different for everyone. Typically it will help you land a good job and boost your
income potential, but college is not a requirement for financial success, nor is it a guarantee of it
either. There are many high-income earners who have never attended college,”(Sideris). Finally,
the author pointed out that, “More people today are saying that a four year college degree
was not worth the cost,” (Sideris).

Reflection of Learning

I chose this blog post because I for one, believe that you do not need to go to college to be
successful, so I wanted to see if the rest of the world agrees with me. One thing I learned is
that more percentage of people believe that college is not worth it. Another thing I learned is
that $1.7 trillion is the amount of dept Americans are in because of college, which is
absolutely crazy to me. Lastly, I learned that it takes about 17 years to fully pay off your
student debt after college. I will apply my learning by Knowing what I’m getting myself into
before I make a decision about what college I’m going too. Overall, this could impact my life
by saving me a lot of debt in the long run.
SUMMARY
Looking Rich vs Being Rich 1⃣2⃣
According to Shane Sideris’s (March 22,2023) blog post “Looking Rich vs Being Rich,” many
people who are actually rich, don’t show that their rich, and people who look rich, are actually
not all that rich. To support this, the author argued, “You know what most rich people DON’T
want to do? Draw a lot of attention to their wealth. Yet, growing up many of us have this bizarre
impression of wealth impressed upon us. We’re raised to believe that SPENDING is wealth. The
fancy clothes, the nice hotels, leased cars, fancy watches. We’re told THOSE are the signs of
wealth. But usually it’s not true,” (Sideris). Another piece of evidence was, “When I picture
wealth, I think of that picture of Bill Gates waiting in line at his favorite burger place. He dresses
comfortably, and wants to eat a burger just like the rest of us. And dude is worth $107 BILLION.
That’s a hundred thousand MILLIONS for those keeping track at home. It kinda makes the dude
going into debt to buy a nice watch so he can look like a millionaire seem kinda silly,” (Sideris).
Finally, the author pointed out that, “Wealthy people, live below their means. They’re less
stressed and happier because they’re not worried about spending to the brink of bankruptcy.
They’re confident and humble and don’t feel the need to put their money on display,” (Sideris).

Reflection of Learning

I chose this blog post because I wanted to know if looking rich and being rich, is actually a
real life thing, and it is! One thing I learned is that most people who look rich are the ones
that spend a whole lot of money that they don’t really have, and don’t have paid off things,
and rich people actually have everything paid off and are humble about it. Another thing I
learned is that spending doesn’t actually mean your wealthy. Lastly, I learned Is that wealthy
people are will always be less stressed because they are not worried about their financial
beings as a person who is not entirely that wealthy. I will apply my learning by knowing the
difference of a person who looks rich, and a person who is actually rich. Overall, this could
impact my life by helping me understand the person that I will be when I grow up.
 The cost of raising a child 1⃣3⃣
SUMMARY

According to Shane Sideris’s (March 3,2023 ) blog post “The cost of raising a child,” before having a
baby it is important to see if you are financially able to support your baby. To support this, the author
argued, “We know the love you have for your child is PRICELESS, but it’s important to understand
the financial responsibility of having one. Having kids is a huge expense, and the cost has been
going up dramatically” (Sideris). Another piece of evidence was, “The $310,605 is calculated from
the total average family expenditures on a child born in 2015 to a middle-class family that already
has two children. Shockingly, this number does NOT include college tuition as it only covers the
period until the child turns 18”(Sideris). Finally, the author pointed out that, “A recent study shows
that nearly half of working parents looked for a second job to support their family. Since a lot of
these costs are out of your control, focus on increasing your income by changing jobs, asking for a
raise, or pursuing a side hustle. Save as much of each paycheck as you can and keep buying low cost
index funds” (Sideris).

Reflection of Learning

I chose this blog post because when I am older I want kids of my own, so I wanted to see how much
money it would cost to have a baby in this generation for me. One thing I learned is that it costs
about $310,605 to raise a child, and the number continues going up. Another thing I learned is that
child inflation percentage keeps rising as time goes by. Lastly, I learned that is that child inflation
keeps increasing 4x faster than overall inflation. I will apply my learning by knowing that I need to
be 100% financially stable in order to have babies. Overall, this could impact my life by saving me a
lot of worry and stress while have a baby.
 Valentine’s Day is about more than gifts 1⃣4⃣
SUMMARY

According to Shane Sideris’s (February 14,2023 ) blog post “Valentine’s Day is about more
than gifts,” before spending a lot of money on your significant other for Valentines Day make
sure that is what they would want you to do. To support this, the author argued, “Take the
time to understand what your love language is as well as your partner’s if you have one.
Because there are many different ways to express love and some ways are more meaningful
to us or easier to express than others” (Sideris). Another piece of evidence was, “As J.Lo once
said, “Even if you were broke, my love don’t cost a thing”. If you are happy to spend money on
Valentine’s Day, go for it! But don’t do it because of the pressure from society” (Sideris).
Finally, the author pointed out that, “For example, a parent may never say “I love you” or hug
you but will make sure you’re always fed. Or a partner who works a lot might buy you lots of
gifts, when what you really want is some quality time together” (Sideris).

Reflection of Learning

I chose this blog post because Valentine's Day is a day all loved ones (couples specifically)
celebrate, and I wanted to know if saving money on Valentine's day is worth it or not. One
thing I learned is make sure your partner wants you to get them something before going to
spend your money. Another thing I learned is that spending time with loved ones on
Valentines Day, could be a better idea than buying gifts. Lastly, I learned that that LOVE
DON’T COST A THINGGGGGG. I will apply my learning by making sure my boyfriend would
rather want us to just spend time together or get each other silly little gifts. Overall, this could
impact my life by saving me money instead of buying a little gift that will be thrown out.
 What went up the most in price? 1⃣5⃣
SUMMARY

According to Shane Sideris’s ( January 24, 2023 ) blog post “What went up the most in
price?” the prices of all of these things will get the best of you, eggs have been ranked
higher than amazon! To support this, the author argued, “Even with hindsight, it’s hard to
know which performed best. So, what is going to do well in 2023? No one knows. A year
ago, if someone told you eggs were going to outperform AMAZON, you probably would
have laughed at them,” (Sideris). Another piece of evidence was, “The stock market did
poorly in 2022. But this is nothing out of the ordinary. The stock market has fallen at
least 20% in a calendar year six out of the last fifteen years. But during that time period,
the market is up over 300% (about 10% per year)!” (Sideris). Finally, the author pointed
out that, “Eggs: +60%…Amazon: -50%,” (Sideris).

Reflection of Learning

I chose this blog post because I wanted to learn more about what has went up higher in
price other than everything already in this world. One thing I learned is that egg prices
have went up by 60% percent, which is insane. Another thing I learned is that amazon
having its spot taken by eggs is really surprising! Lastly, I learned that the stock market
has fallen 20% in a calendar year. I will apply my learning by maintaining what prices
keep increasing as time goes by. Overall, this could impact my life by giving me
knowledge of how the stock market works.
Real vs Fake Christmas tree:How much money would you save 1⃣6⃣
SUMMARY
According to Shane Sideris’s (December 23, 2022 ) blog post “Real vs Fake Christmas tree:
How much money would you save?” buying one fake tree that will last you every single
Christmas, rather than buying a real one every year will save you a lot of money. To support
this, the author argued, “Align your spending with what you value. Don’t just buy a Christmas
tree every year because you think it’s the thing to do. Do it because you absolutely love it and
you can’t imagine Christmas any other way. You better love it more than your future self will
love an extra $126,000!!!”(Sideris). Another piece of evidence was, “In this example, we are
using the median price of a real Christmas tree ($80) and assuming a conservative 2%
inflation rate per year. We used 10% for the investment returns since that’s the long term
average annual return of the S&P 500. It’s hard to believe that consistently setting aside a
small amount of money can turn into a six-figure chunk of change (that’s the beauty of
compounding!!).” (Sideris). Finally, the author pointed out that, “The good news is, if you’re
interested in getting a fake tree, this is the perfect time! You can probably get at least 50% off
on one after Christmas 🙂” (Sideris).

Reflection of Learning

I chose this blog post because my family every year goes to a christmas tree farm, so we can
get our own real christmas tree, and I wanted to see how much money we would save by
getting a plastic tree. One thing I learned is that buying investing the extra $80 every year
while buying a fake tree for $250, can lead you to ending up with $126,169 dollars. Another
thing I learned is that buying a real $80 christmas tree every year leaves you with no savings
money and a dead christmas tree. Lastly, I learned that you can get your fake christmas tree
for 50% after Christmas!!! I will apply my learning by knowing that buying a fake tree will
save me money in the future. Overall, this could impact my life by making me $126,000
richer!
Buying a used car will save you over $1 million 1⃣7⃣
SUMMARY
According to Shane Sideris’s (August 31, 2021) blog post “Buying a used
car will save you over $1 million,”buying a used car allows you to invest
more money monthly rather than spending money on a new car. To
support this, the author argued, “ Think of all the people you know and you
like. And think about what car they drive. Does the car they drive impact how
much you like them? Do you even know or care what most of them drive?
Nobody cares what you drive either. They definitely don’t care what you drove
10 years ago and they’re not gonna care what you’re driving in 40
years.”(Sideris). Another piece of evidence was, “But meanwhile, those big
chonky payments you’re making for a car lease or loan could be making you a
literal millionaire if invested! Can you reduce your monthly car costs? Are
there any other monthly expenses in your life you can reduce to redirect
toward investing?”(Sideris). Finally, the author pointed out that, “Why give all
your money away to those huge companies to make them rich, when you could
give that money to yourself and make YOU rich!”(Sideris).
Reflection of Learning
I chose this blog post because my family never buys used cars, and I
wanted to see how much money we would save by buying a used car.One
thing I learned is that buying a new car and paying a lot of money every
month doesn’t allow you to invest any money. Another thing I learned is
that buying a used car and paying less money monthly allows you to
invest even about $300 monthly. Lastly, I learned that nobody cares what
kind of car you drive!!! Get a car that will only benefit you financially! I
will apply my learning by knowing when I am at the point in my life where
I have to buy my own car, I will buy a used one. Overall, this could impact
my life by saving me lots of money and investment in the long run by not
buying brand new cars.
 Is buying a home a good investment? 1⃣8⃣
SUMMARY
According to Shane Sideris’s (August 31, 2021 ) blog post “Is buying a home a good
investment?” focusing less of your money on your primary home and more on
investments is a better solution. To support this, the author argued, “Investment real
estate offers a fantastic opportunity for wealth building with these FOUR engines of
wealth creation: 1. Cash flow (You get paid monthly) 2. Appreciation (The home goes
up in value) 3. Debt paydown (The loan goes down in value paid by the renters) 4.
Depreciation (A tax advantage while you own the investment property),”(Sideris).
Another piece of evidence was, “You can use a government sponsored 30 year
mortgage to create leverage! As in this picture, Ingrid only puts $50K down but owns
an asset appreciating and getting rental income at the rate of a $250K asset. That
leverage does involve risk… if home prices drop by just 20% and Ingrid has to sell, she
would lose all her money instead of just 20%”(Sideris). Finally, the author pointed out
that, “So, as a part of a careful investment plan, borrowing some cheap government
money for an investment property can magnify future wealth!”(Sideris).
Reflection of Learning
I chose this blog post because when I am going to start a family of my own, I wanted to
know if it’s better to buy a home or rent a home. One thing I learned is that a primary
home is an expense, and an investment is an asset. Another thing I learned is that
investment real estate offers great opportunities for building your wealth. Lastly, I
learned is that you can use a government sponsored 30 year mortgage to create
leverage. I will apply my learning by understanding if it’s better to rent or buy a home
when I get older.Overall, this could impact my life by helping me end up with the right
choices in the long run.
Is a Costco executive membership worth it? 1⃣9⃣
SUMMARY
According to Shane Sideris’s (July 30,2021 ) blog post “Is a Costco executive
membership worth it? ” getting a Costco executive membership, doesn’t seem as
great as it sounds. To support this, the author argued, “1. I really hate paying
money just to get an incentive to spend more money. Once I spend that extra $60, in
the back of my mind I’ll want to make sure it’s “worth it” by spending even MORE
money. I’m financially better off just keeping my $60 and trying to spend
less!”(Sideris). Another piece of evidence was, “2. The reward is sent to you as a
voucher that can be spent at Costco. Vouchers get lost, forgotten, etc. They’re
inherently worth less than cash due to their narrow use. If I was an executive at
Costco, I would absolutely be keeping track of what percent of those vouchers are
ever actually spent. I’m 100% sure that number would be way under 100%. I have to
accept the reality that there’s a risk of me never using some or all of the
voucher,”(Sideris). Finally, the author pointed out that, “3. Sure, LAST year I spent
enough to make it “worth it”. But last year was a pandemic and I was shopping at
Costco a lot just to make fewer/bigger trips than usual. Even if last year was a normal
year for me, things change in my life, including my shopping habits. There’s a very
good chance next year will not be the same as last.”(Sideris).
Reflection of Learning
I chose this blog post because my family has a regular Costco membership, and I
wanted know if the executive membership is more worth it. One thing I learned
is that the 2% reward that you receive is paid as a voucher and not cash.
Another thing I learned is that by getting a much bigger, higher priced
membership means that next year the price might go up even higher, and other
things might change as well. Lastly, I learned that by getting an executive
membership you are basically paying so much money to spend even more
money. I will apply my learning by knowing to not pay more for a membership
that will not 100% benefit me.Overall, this could impact my life by saving me a
lot of money that i would spend stupidly on a membership I don’t need.
Will winning the lottery solve my money problems? 2⃣0⃣
SUMMARY
According to Shane Sideris’s (February 23,2021 ) blog post “Will winning the lottery
solve my money problems ” winning the lottery won’t solve your money problems if you
don’t use it smartly. To support this, the author argued, “This is a true story of a lotto
winner in England! Obviously it’s an extreme example in his windfall, spending, and
downfall, but I think all of us can fall victim to a similar mentality. This idea that
success or happiness with money is just the next raise or windfall away,”(Sideris).
Another piece of evidence was, “When when that money comes, it gets spent and you
need even more to continue your now more expensive cost of living,”(Sideris). Finally,
the author pointed out that, “Beware of lifestyle creep. Make a plan to save and invest
part of your income and future raises before you spend them. Find happiness in
relationships and experiences, not in spending and stuff.”(Sideris).
Reflection of Learning
I chose this blog post because my family sometimes plays the lottery playing cards, and
it’s very hard to win any money from those, so I wanted to see if winning the lottery
with a bunch of money will solve your money problems if you get lucky. One thing I
learned is that spending your lottery money stupidly will lead you to being broke.
Another thing I learned is that if you win lottery money you believe that the money is
like your “side” money and you spend it and spend it on useless things. Lastly, I learned
that money will not save your money problems. I will apply my learning by knowing to
never spend my money ruthlessly if I ever win the lottery. Overall, this could impact my
life by saving me from being broke and homeless.
 Next time you think about going to watch a movie at the theater, read this:)
SUMMARY
According to Nicole Pawlik’s (October 13,2023) blog post “Next time you think about going to watch
a movie at the theater, read this:),” with how the economy is today a priority in many households is
saving. Watching movies at home instead of going to the theaters could have more financial benefits
than many could think. Home entertainment gives significant cost savings. To support this, “When
you settle on a cozy movie night in, you get rid of expenses such as, drinks, snacks, popcorn, ticket
prices, and even transportation costs.” All of these savings will add up sooner or later, especially for
families, and groups of people who are at the movies every weekend, which will allow you to use
your funds elsewhere. Watching movies at home allows you to have more control with your
experience. Like it states, “The wide range of streaming services(Netflix, Hulu, Disney+, Apple TV,
Amazon Prime Videos) allows viewers to have a variety of movie options to choose from.” Watching
from home allows you to create a comfortable viewing environment. Grab your favorite blankets and
pillow and jump right in. Lastly, it points out, “Sure,watching from red reclining seats is cool, but let’s
be honest nothing beats your own couch.”
REFLECTION OF LEARNING
I chose this blog post because I myself like going to the movie theater sometimes with my friend, but
staying at home and watching movies I would take over anything especially if it means saving
money! One thing I learned is that staying at home and watching movies could save you a lot of
money. Another thing I learned is that one popcorn at the movie theater is the price of a 12 pack
popcorn from the store. Lastly, I learned that instead of going to the movie theater, staying at home
gives you so much more freedom. I will apply my learning by if I am trying to save money, next time I
will skip the movie theater, and instead stay at home, and find a FREE website online so I can watch
some movies! Overall, this could impact my life by saving me a whole lot of money on all the
overpriced snacks, and drinks from the movie theater.
24% and 11,000$