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Paige Claassen: Making a Difference

I’m very pleased to bring you an interview with one of my favorite climbers, Paige Claassen. Paige is an absolute crusher in the world of sport climbing, having climbed a number of notable nails-hard 5.14+ test-piece routes (Necessary Evil, VRG; Just Do It, Smith Rock), capped with her recent send of Algorithm (5.14c/d) in the Fins, Idaho.

But as usual, this isn’t really a climbing website and we’re not really here to talk about Paige’s climbing (don’t worry, we will a bit).

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Financial Advisor: Who Needs One?

The stock market is scary. I completely understand; there was once a time when I wouldn’t touch it with a ten foot pole. In fact, according to Ally Invest, 65% of survey respondents are intimidated by investing. It seems like a Wild West proposition, and surely only well-trained professionals are equipped to predict the future success of individual companies. You realize the potential of investing, but you wouldn’t know how to start. It’s probably best to pay a financial advisor for this service, right?

Some say the answer to whether you need a financial advisor is “maybe,” but I’m more strongly in the “no” camp. Here’s why.

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Chasing Your Dreams is Probably a Bad Idea

When it comes to jobs and careers, parents the world over tell their children more-or-less the same message: you can do anything you want in life. Follow your dreams, and the rest will work out in the end. Of course, those same parents leave early each morning to go to a job that — as statistics show — they probably don’t love.

Years later we find reality to be something a little bit different than a dream. Work is still work, we might have a boss with an ever-so-slightly different vision, and MY GOD why is that woman using the blender right now?!!

So, should we chase our dreams? Are we being misled by pages of digital content and feel-good aphorisms created by outliers? Let’s first begin with a true story.

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Should I Buy a Home? Part 2: Opportunity Cost

Howdy! Last week on Should I Buy a Home (Part 1), we established that home ownership isn’t really a good “investment.” Make sure you go back and take a gander at that post first. But, when compared to the cost of renting all along, is home ownership still a better long-term financial decision, especially for early retirement? Or did we pay the biggest expense of all…opportunity cost?

Stick with me here. This sort of stuff was never my forte years ago, but I’ve grown to love this like Mrs. CC grew to love sushi. We can all learn to love raw fish, seaweed, rice, and investment return analysis.

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Should I Buy a Home? Part 1

In the personal finance world, the decision to own a home or rent is a particularly frothy debate. Traditionally, the long-held belief goes something like this: a home is an investment and a path to building wealth. I’m here to put a gentle and understanding hand on your shoulder, but deliver the hard news that your home is no longer an investment or an even remotely efficient wealth-building machine (was it ever?). But can it still be a better long-term financial alternative to rent?

This will be the first in an on-again-off-again series as we consider selling our home over the next year. We plan to document all incurred costs of homeownership, and compare to what we likely would have spent if renting all along.

But as current homeowners, was it a mistake for us buy in the first place? What should you do if you are weighing home ownership? Quick, math!

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Chelsea Murn: Wellness for All

This week I’m happy to bring you a conversation with Chelsea Murn, a 28-year-old climber, health coach, and dog-mom from Spokane, Washington.

I don’t exactly remember how, but I stumbled on to Chelsea’s profile on social media (Instagram actually). Over the months I’ve noticed that she has a drive to be more than just a typical psyched climber. She’s working to build a career around her passions of nutrition and health. But Chelsea fully recognizes that doing so requires a careful balancing act with a properly paying day job and her own climbing performance objectives. Many of you out there are trying to navigate that balance.

I also couldn’t help but notice Chelsea’s occasional discussions of money online. As we’ll touch on below, Chelsea is living a life familiar to millions of young (and old) Americans, and she’s taking action to gain the upper hand:

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Do You Deserve a Life You Can’t Afford?

A Life You Can't Afford PROMO

This is a tough subject, brimming with unspoken taboos. The more I’ve researched, read, and written about personal finance, the more deeply I’ve come to understand a fundamental truth: many people want a certain lifestyle, and they are going to live that life regardless of whether there is money to support it. Do you deserve a life you can’t afford?

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Fear: Here’s How It’s Holding You Back

Do you ever pass on requesting vacation because you fear your work ethic will be called into question?

Do you avoid international travel because everything seems so different?

Are you convinced that crime is getting worse, so you should take more drastic measures to protect yourself and your family? Crime has in fact fallen sharply.

Above are just a few examples of how fear dictates our actions and inactions on a daily basis. Frankly, every week I fear that you, dear reader, won’t like what I write here. Boy, I sure hope you do. But are we letting our lives pass us by because we fear the unknown?

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