Michael Rodriguez, CFP®

Doom Spending youtu.be/znKIXbq3tQk?si… via @YouTube

Two phrases buried in your homeowners policy that matter more than the premium: 'Actual cash value' = they pay what your stuff is worth today (after depreciation) 'Replacement cost' = they pay what it costs to actually replace it Go check which one you have.

You don't have to fire your advisor, your bank, or your agent to get a fair deal. Keep the relationship. Shop the transaction. Most people skip this because it feels disloyal. It isn't.

A client scored 'risk averse' on their questionnaire. Their retirement money isn't touched for 15+ years. Those are two different questions. One measures how you feel about a dip. The other measures what you can actually afford to do with money you won't need for over a decade.

When you are shopping for a car, the sticker price isn't where you get squeezed. It's the spread you never see: the rate marked up above what you actually qualify for, the fee buried in the fine print. What I'd check first isn't the price. It's what's underneath it.

@designertracy @MarioNawfal

@MarioNawfal It’s an old ship. Await investigation before jumping to conclusions.

🇮🇷🇦🇪 Video shows the bulk carrier Luni partially sunken near the Strait of Hormuz. The 32-year-old St Kitts & Nevis-flagged vessel was en route to Jebel Ali, UAE. No confirmation yet on the cause of sinking. Source: CIG on Telegram / Writer: Oliver

@spencerochs @AutismCapital I grew up where more people lean on family, but I guess leaning on your friends to help with parenting is an option...

@mcrodriguez24 @AutismCapital idk, if you are 40 and you haven't built the social ties to get some support with child rearing, wtf have you been doing with your life?

Folks (guys and gals), don't be psyopped by this article. You don't have unlimited time. You need to be moving. Don't put off life. Don't look at Anne Hathaway getting pregnant at 43 and think "Oh, ok I'll be fine." It's a psyop. You'll have massive regret if you squander your youth with hedonism and selfish BS and then try to scramble to have a real life later. Don't be deceived by lies.

Stop Wasting Money: Your Secret Treat Strategy youtube.com/shorts/_E5Bs0k… via @YouTube

A client asked me if getting a second quote on their insurance renewal was 'too much trouble.' My answer: the trouble is the point. Whoever knows you won't leave has no reason to give you their best number.

"But we'd be giving up a 3% mortgage." I hear this constantly. And it keeps people stuck in homes that no longer fit. Don't organize your life around an interest rate. You can refinance a rate later. You can't get the years back.

@Muricaenjoyer @ramit That's one way to do it...

@ramit My wife’s spending habits are a gas that will fit the income container I provide us. I just pull everything into investment accounts early before she sees it and that solved that.

If this is how you frame the question, you have already lost The answer is not to "get your wife to reduce her spending" (this is why she resists talking about money) The right answer is "How do we create a shared vision for a Rich Life?"

@AutismCapital Exactly

@mcrodriguez24 Yes. You (the reader of the article) are not Anne Hathaway (unless you're Anne Hathaway). You most likely don't have the resources or support structure that she may have. She is an exception not the rule. The intention of the post is to urge people to not put off life.

@McDonalds Right Now

@TheEconomist I thought he said we already have complete control?????

More than 300 strikes on Iran have not changed the regime’s behaviour over the past five nights. There is no reason to think that a sixth night, or a sixtieth, would make the difference bit.ly/3T43MN0 Photo: AP

Your bank has known you for 12 years. That's not a discount. That's a captive audience. The businesses you're most loyal to have the least reason to compete for you. Comfort and competitiveness are not the same thing.

@unusual_whales No shit

"The stock market and economy seem out of sync," per CNBC

Two words that could cost you thousands: actual cash value. Most homeowners policies default to it. Your $3,000 laptop gets destroyed, insurance pays what it's worth today. Maybe $800. Ask for replacement cost coverage instead.

Kylian Mbappé on why he refuses to promote sports betting: “Sports betting is destructive. It has ruined the lives of some people I know. That's why I refused to appear in sports betting advertisements. Many of us come from the suburbs, and it destroys the lives of countless people there.” A powerful stance from one of football's biggest stars.

If you never decide what enough looks like, the gas station becomes the whole trip.

Most of the time you don't need a lot of money. You need enough to feel safe and take care of the people you love. But "enough" quietly turns into "just a little more." So you keep stopping.

A man plans the perfect road trip with his family. Before he leaves, he worries he doesn't have enough gas. So he stops to fill up. Then he stops again. And again. He spends the whole trip at gas stations. He never actually goes anywhere.