Moving along the ROM Diamond we add Debt Management as the next step. This episode discussed different types of debt, how and where I utilize it and my thoughts on the good, bad and ugly of each. Also, check out the tools section. I’ve included a few links to noteworthy data figures that folks should keep an eye on from time to time. Thanks for stopping by!
Markets have been up and down this first week and after coming off a 20% down year in 2022, I’m hearing from friends and family a lack of faith in making money on investments in the market. Folks, this is where you take advantage with persistence. Hopefully you have some automated investments either through your retirement accounts or from your paycheck. Keep buying shares, keep buying units, take advantage of the discount in prices right now. Whether its 1, 3 or 5 years down the road it will pay off. It’s the beauty of dollar cost averaging. If you’re not familiar with the term I’ll discuss later this month on the podcast.
Happy New Year! We are off and running in 2023 and I hope everyone is having a nice start to the year. Holidays are always special but I do enjoy getting back in to a bit of a routine.
During the 2nd episode I went over the basics of how I run our budget and showed some items on the videocast that is available on YouTube which you can view here or click the YouTube link above. Also, ROM is now available on most popular podcast sites, Spotify, Apple, I Heart, etc…very exciting!
Here are the links I mentioned
– The ROM Diamond
– Our budget breakdown 2020-2020
– The forward looking budget template
