The Next Focus Point: Money!

Ever since I’ve built my Keezer, I’ve been on a bit of a hiatus from doing anything that this blog was really meant to detail. Other than some other beer batches (2 wheat beers, an IPA and an Oktoberfest) I haven’t done much in terms of electronics, photography, or other projects. My summer has been occupied by work, a couple vacations and the insatiable need to get outside. So anything electronics related has taken a back seat. Also, now that school has started back up, I see my free down going further down the tubes. Sadly, my Arduino and Beaglebone Black will be gathering dust 😦

Lately however, I’ve been focusing on money. The truth is that I’m a budget-aholic (I’m pretty sure this word doesn’t exist). I’ve spent copious amounts of time trying to plan my monthly finances, forecast my expenses for upcoming months, and plan my overall financial status for the future based on my current circumstances. I have quite the detailed spreadsheets I use for determining my forecasted expenses and income. What’s nice about forecasting to such detail is that it lets me understand what my ability to save and invest is.

Some of the next big milestones in my financial future include purchasing a home, building a car, building a large garage/man cave and quite possibly building a kick ass home theater. By kick ass, I mean theatre style, little to no ambient light, 12 ft screen, and massive speakers that make the house shake. Try to imagine the full immersive experience of Master and Commander, feeling the rumble as the sound of the cannon balls from the Acheron hit the Surprise in the opening battle of the movie. At least it sounds cool today, give it a month and I’ll convince myself the cost is too much.

home-theatre-design-home-theater-living-room-ideas-1306-x-870
Who wouldn’t want something like this in the basement?? (Source)

As fun as it sounds to talk about these things, I begin to die inside as I pencil out realistically how much these things are likely to cost. One of my other interests in life is building an investment portfolio. I’ve starting one and I’ve done ok, but everything I’ve read indicates that starting early and being disciplined with investing is the best strategy to building a secure portfolio that will build it’s value over time. Time can be your best friend or your worst enemy, because the later you start to build a portfolio, the less time you have to grow it. Even just with savings, it’s been shown time and time again that the earlier you start saving, the more you gain from compounding interest rates.

So therein lies the dilemma that is James Lindeman. I have quite the imagination in terms of projects to take on, but I’m kept at bay because of my desire to maintain financial security. This usually means my desire to save and reduce my outstanding debt puts the kibosh on lavish purchases and large projects.

There’s a lot of debate as to what’s a good purchase versus what’s a bad purchase. There’s also a lot of debate as to the best way to go about planning your financial future. There’s multiple ways of doing it, it really depends on the person and what’s important to them.

For the next couple of months, I’m going to be focusing on a number of topics that I’ve been thinking about lately. This ranges from buying a house, investing in the stock market, types of investing, budgeting, debt payoff, savings, and many other things. While a lot of it may be common knowledge, I want to at least get some of my ideas. Considering my next couple of months will likely not include any large purchases, it’ll be my main focus point.

Thanks for reading!

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