TessMore Finance Blog

I've changed the way I shop over the past few years. And although the shift has been subtle, I've found that I'm much happier with the things I buy. In the past, my approach to shopping was simple. If I wanted a new thneed , I would go to a store (or, with the advent of the internet, a website) and choose from the available thneeds. I'd look at the store's selection (or the website's selection) and pick the one best suited for me. If the thneed I wanted was particularly expensive or important, I might expand my search to multiple stores or multiple websites. But usually, I stuck with the first store I visited. The key point here is that I allowed the places I shopped to impose limits on the thneeds available to me. I think of this approach as “store-centered shopping”. Whatever the store has in stock defines my universe of options. Now that I'm older, I've flipped the script. Instead of allowing the marketplace to define which thneeds are available

I recently attended a local estate planning seminar geared for and marketed to older adults. I decided to go “undercover” to see if there was any evidence of manipulative sales practices masquerading as “financial education.” Sadly, I found some. Specifically, a presenter who was not an attorney and had no recognized financial planning designations whatsoever pitching the legal services of a colleague who was not in attendance. The original program publicity contained neither the name of the sponsoring company nor the presenter’s name or credentials. Barbservations I counted at least 50 times the presenter used the phrase “I’m not an attorney but…” and at least 30 pitches for revocable living trusts as suitable for everyone without considering the specifics of their financial situation. The presenter also threw out many legal terms (e.g., A/B trust) without explaining them, disparaged the probate process repeatedly, and occasionally presented dated information (e.g., incorrect gif

A few years ago, I was walking through a soccer field behind our local library when I saw a glint in the grass. 2017 Quarter (left) vs. 1957 Quarter (right) I walked over and was surprised to see a quarter sitting there. Score! But wait, there’s more – the quarter looked “off.” It looked a little grayer and duller than a regular quarter. It turns out that I’d found a 1957 silver quarter. Quarters minted between 1932 and 1964 are 90% silver. They’re worth more than a typical quarter because of all that precious metal . Even scuffed up with no unique characteristics, it’s worth more than five bucks (it varies based on the price of silver). A fun little find! It’s not uncommon to find silver quarters since the US Mint produced them for over thirty years – but some other coins are floating out there that are worth even more. Table of Contents The Morgan Silver Dollar 1955 Doubled Die Penny 1982 No Mint Mark Roosevelt Dime 1997 Double-Ear Lincoln Penny 2008-W Silver Eagl

It's always fun to unearth some esoteric piece of personal-finance history. I know there are only a few nerds out there who care (hello, Grant Sabatier !), but those of us who care really care. Two years ago, I published an article exploring the history of financial independence in which I noted that the earliest reference I can find to the notion of financial independence comes from an 1872 book called Money and How to Make It by H. L. Reade. And it wasn't until the 1950s that the concept of early retirement (at least in the sense we mean it today) gained traction. But despite my research, I still have questions, such as: What's the source of the modern FIRE movement? Who Coined the Term FIRE? Recently at The Retire Early Home Page — a site so old that it existed (and still exists) at the dawn of the web — John P. Greaney answered the question: Who coined the term FIRE? If you've never visited The Retire Early Home Page , you should. I'm certain that it&

If you’re like me, you have a lot of competing priorities for your time. There’s only so much time in the day and if you aren’t careful, it’s easy to spend too much time on things that seem urgent and important but are neither. This is especially problematic when it comes to your money because there are a lot of things that demand your attention, and often your guilt, but they usually don’t move the needle. Today, I’m going to share a framework for thinking about the tasks you have and how you should be prioritizing and handle them. Table of Contents Urgent and Important Matrix 1. Not Important, Not Urgent Tasks “Fixing” Your Morning Coffee / Avocado Toast Checking Your Stock Portfolio 2. Not Important, Urgent Tasks Updating Your Monthly Net Worth Paying Credit Card Bills 3. Important, Not Urgent Tasks Rebalancing Your Asset Allocation Improving Yourself 4. Important, Urgent Tasks Dealing with a financial emergency Saving for retirement Urgent and Impo

Are you caught in the trap of not being able to get a credit card because you don’t have credit? Or maybe your credit history isn’t the greatest, and you need someone who will give you a chance? Building credit without a credit card is possible, but secured credit cards can help you reestablish your credit while offering the convenience of owning a credit card. But not all secured credit cards are equal. The fees and flexibility differ between products, so you have to do your research before settling on one specific card. The Reflex Mastercard is a secured credit card designed for those trying to build or rebuild their credit. It’s easy to qualify for, and you gain access to several Mastercard benefits. But how does it work, and can it compete with other top cards from Capital One, Indigo, or Chime? I cover all of this and more in this Reflex Mastercard review. Table of Contents What Is Reflex Mastercard? Reflex Mastercard Features & Fees Reflex Mastercard Benefits H