Category Archives: Education

Finally Use of Electronic Wallet … Time Saver as Jogging season kicks in … Friday before week of Travels

It’s Friday …. How about a non-financial … fun education personal experience …. Let’s go!

With a challenge from several friends for a half Marathon in the fall (13.2 miles) the jogging arm band for the cell in order to listen the afore mentioned podcasts is in full motion.

Most joggers, present party included hate ANY type of pockets, or any items that would bounce/chafing as the jog continues….. aka no wallet or cash or credit card !

Post a jog … in a familiar place the front of the grocery line and without a form of payment…. A mandated new transaction was on (hunger over technology embarrassment)

Meet the Cell Phone Wallet

The growling stomach and the few fellow shoppers over the shoulder mandated a Wallet payment attempt…. yaa yaa probably a lot of you already know this, but I bet a few were similar and only put their boarding pass in their Wallet….

Looks like this:

You can put more than just boarding passes… i.e. Payment Cards…

Pick the one you use and push the phone towards the checkout device (luckily this was a feature…sure not all devices have this) a face or code is entered on the cell ….. and boom, transaction completed (at least that is what happened, was the first!)

Speaking of Boarding Passes… Next week Garners (Happily) mid-week travels…. but always tethered by electronics ….

Talk next week – some from afar- but still talk!

Enjoy your Friday and weekend!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

Super Handy Computer Screenshot Feature … Friday

About a two years ago, the number one son (Pierce) after watching struggles on completing these posts, formatting problems incorrect file format….

“Want me to show you an easy way to get that chart into your post?”

Windows key, shift and S key all at the same time!

This puts your screen into a cropping copy mode and you just drag the mouse to what you want copied to the clipboard…

Looks like this … always use the crop mode, but in doing this post realized there is a lasso and full screen mode as well…

Brilliance!

A huge time saver!

Used every week and often multiple times weekly and frequently all in the office use as well!

Known as the Pierce Screen secret!

Another break from the Financial “Stuff” All bets are off for next week…. Newsletter gets more words this weekend too!

Have a good day, Friday and Weekend – talk next week!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

Who Drinks the Most Beer? …. Visual Capitalist …

Almost hit you with …

“A hotter than expected CPI (Consumer Price Index) led market participant selling yesterday!”

Heck that is old news and news we expected and items we have been talking about a lot AND will talk about in our coming Newsletter….. We are prepared….

How about some fun?

Who Drinks the Most Beer?

From our favorite friends at Visual Capitalist

How about Per Capita

Go Czech republic go Wow! 28th Consecutive Winning Year…. Wow Wow!

Have a Great “Beer Consumption Informed” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

The Most and Least Livable Cities Globally … Light Viewing to Start the week … From Visual Capitalist …

From our favorite interesting facts website and friends, Visual Capitalists ….

While promising a lighter week last Friday, the month passed faster than thought, mandating our Monthly review mid week…. so a bit heavier than promised… with travels on the Docket this week and a Long Holiday Weekend… Friday will be light for sure!

But heck it is a Monday and this is a neat light start to the week…. while very quantitative, you need to be a very worldly person to have an opinion ….. no USA locations made the list!

From the Article ….

This map uses annual rankings from the Economist Intelligence Unit (EIU)

A Quick Note on Methodology

The ranking attempts to assess which cities across the globe provide the best living conditions, by assigning a score on 30 quantitative and qualitative measures across the five categories with the following weightings:

  1. Healthcare (20%)
  2. Culture & Environment (25%)
  3. Stability (25%)
  4. Education (10%)
  5. Infrastructure (20%)

Have a Great “Best and Worst Cities” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

Bloated Inventories – Using Wall Street Knowledge for Main Street Use – Good time to make a MANDATORY Purchase

The headline almost read “Good time to make a Discretionary Mandatory Purchase”, but not being an English expert that probably is some sort of a miss punctuation or double negative…. Yes Mrs. Cane (English Teacher) still not good at punctuation … digressing…

As a Frugal Financial Advisor, “Mandatory” is placed squarely in the headline on purpose! But we wanted to bring Wall Street mishaps to Main Street savings.

Now is a good time to make a Mandatory Purchase

For those not following Wall Street ….the major retailers in an effort to overcome some of the supply chain issues have greatly overstocked their inventories by accident…..  At this time this includes almost all of the major retailers and most of the electronics retailers but not yet as much the major home and home builder type of stores. 

Not only are the inventories bloated, but companies are warning margins will be lower as they blow out these inventories…..

Here’s the sizzle, using our self as an example with the aforementioned signing of our new five year extended lease, as a regular practice it’s time to spiff up the office.

We have found fantastic electronic deals as we are in the process of upgrading much of our non-core computer items.

Again if you have a pseudo-mandatory purchase, the bloated inventory and markdowns which many publicly traded companies have already stated they are aggressively doing, may be a handy time to make again a “Mandatory” purchase.

While prices are likely at low levels, they can always go lower, but we have found seasonally around the holidays frequently prices pop up in advance to only be marked down to the normal price.

Again this is not a greenlight to go recklessly purchase items, and it may sound funny from a Frugal Financial Advisor to mention this, but we are taking advantage of something the largest retailers and electronic stores are telling us and in our experience are finding good deals on these “Mandatory” upgrades.

Have a Great Frugal Finder day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

How we bring so many original ideas in this format to you? Back Handed Compliments Accepted …

One of the most backhanded compliments that we receive, mostly from new followers ….No way this is all original information ?

 

The answer to that is of course yes, spelling mistakes and all,

 

The follow up question is how do we deliver so much content? Again a very backhanded compliment that makes us smile.

 

While we’ve talked about this before in slightly different context, as mentioned above with new followers reaching out with these questions we thought it worth another review.

 

The Secret sauce!

 

Dictation!

This post is being created on a early morning stroll, due to heat restraints here in the south via dictation. The stroll brings out the creative juices, the software allows for easy print. The only problem is that dictation leads to inappropriate syntax that is very close to what the intended word SHOULD be and can be very difficult to spot! From above…mistakes and all!

 

Sometimes these mistakes sneak by, we call that originality for our posts, and we appreciate those that point outside mistakes, as we are most certainly human as well.

 

As a funny side note …. this just happened, due to our continued writings, and walks while writing,, we have met an interesting group of fellow walkers, always wondering why the curious speaking to the cell phone!

 

Please feel free to send us requests or subject matter, if it fits we will certainly broach the subject.

 

We frequently get requests for guest hosts, which we decline due to usual sales like subject matter from the author. But we welcome subject matter requests from you guys…. for the record you give us the most content from a daily trials and tribulations… THANK YOU!

 

OK, that’s it, now you know how the sausages made, we hope you enjoy, and liked peering behind  the creative curtain!

Have a Great “How the Sausage is made” Day! 

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

The Salary You Need to Buy a Home in U.S. Cities … Can you guess which City is the highest?

Another cool graphic, from our friends at Visual Capitalist, that sources the salary needed for various locations across the country.

Not surprisingly, silicon valley a.k.a. San Jose California is one of the most expensive areas and demands the highest salary.

Noting the itemized top 10 cities in average home price below, what is surprising is New York is outside of the top five. As an observation there are always pockets within certain areas that have extreme prices.

Have a Great “Salary Needed to Buy a Home” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

The domestication of animals, dog really is the best friend?

With some heavy posts as of late and more on the horizon, this fun totally non-financial chart from our best friends at Visual Capitalist hit us over the weekend and we thought we would share it.

Apparently the dog really is the best friend!

Our Cross Eyed Cat will be insulted that a sheep and goat made it before his species….

Have a Great “Domesticated Animal” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

Back to Basics Fun Educational Review – Part Eight and Final – Tax “PLANNING” … The Key is the Second word… Planning!

Welcome back to Part Eight and final of our “Back to Basics” series … we hope you’ve enjoyed the First Seven which started with all about “The Emergency Fund” in Part 1Part 2 being “Protection Planning” and Part 3 discussing All about Debt Planning or “The Good the Bad and the Ugly of Debt”, Part 4 Retirement PlanningPart Five, Back to Basics Education Planning, Part Six, Estate Planning Made Easy , Part Seven KISS Investing and now, with no further ado Tax Planning !

Tax Planning – The Key is the Planning

Welcome to the final part, for now, of our back to basics fun high-level financial planning series, we close this initial series out with Tax Planning!

In keeping with our high-level, most important, basics theme… in this special tax planning article, while we know there are tons of allegedly crafty techniques, sometimes we would call them gray, we want to stick with the basics of blocking and tackling as you can REALLY save a ton staying in the lanes, but just paying extra attention here and there….

So here we go:

Coincidentally, the most important part of Tax Planning is the second word in the subject, Planning!

As we individual or corporate tax payers traverse the tax year, it’s important to take note of unusual events that may be occurring. We’re certainly not saying you have to worry about this every minute of the day, but should you have an unusual increase in income, or decrease in income, this should be thought about before the end of the year for your tax planning.

Higher or Lower Income Years

As an example, a sudden increase in income may garner heavier donations, absolute confirmation of maxing out all pre-tax retirement vehicles, double checking your withholdings compared to prior years in what you may have owed or received as a refund, just to name a few.

On the inevitable lower income years you may want to do just the opposite, think twice about making donations, double check your withholdings to see if they are too high, we would certainly like you to max out all pretax retirement vehicles if possible, but not at the expense of our emergency funds as mentioned in prior episodes of the series.

The Actual Return – Scan that dude before signing and Filing

Always take a moment to scan your final return before filing it. Or if you’re using a tax professional or tax software, it’s always a good idea to review, once again the basic blocking and tackling on your actual tax return before filing.

Things that you want to make sure are correctly included on your tax return:

Income:

All income from all sources, this sounds simple but it’s super easy to miss especially in a job change year or retirement year.  The IRS easily picks this up in the form of a paper audit due to a miss match of income.  This includes proceeds from any type of sales, such a stock or other capital gains or any other income receiving asset.

Don’t Miss that Basis – Most all assets have them and the IRS does not

With regards to the prior points, double check that the basis has been entered on anything you may be paying capital gains. In certain instances there are no basis, but most of the time there is a basis on any capital asset that you may have, and if you forget to put it on your tax return the IRS has absolutely no way of knowing that you have a basis in it and therefore you will be paying unnecessary taxes that you otherwise would not.

Confirm You have Credit for Withholdings- Delayed Refunds

Lastly, with regards to the return, reconcile your withholdings from all sources and make sure that your return has all of the withholdings that you may have already sent the IRS. Unlike the prior subject, the IRS will notice a mismatch and eventually give you credit, but there could be months if not years of delays.

Don’t Ignore a Notice – The don’t usually bite

If you ever do receive a notice from the IRS, while it seems obvious, do not ignore it. If you ignore an IRS notice you are basically accepting their argument. If you notice it is correct pay it .. if not send a response. Over the decades of working with the IRS, we have found them to be very friendly and with good responses …usually very accommodating.

All right, there you have it the most important part of tax planning, is just that, planning in advance or maybe along the way. With a little foresight and a mild top of focus throughout the year, we feel certain you can Keep those taxes to a minimum…

Stay Tuned Here for Updates

Oh, one last thought, as long as you are receiving our regular posts here at Street-Cents, we constantly attempt to update everyone on actual, not probable or not maybe legislated, but actual tax law changes… so be sure to read our triple weekly posts…

That’s a Wrap for Now!

There you have it…. A complete Back to Basics from the ground up Financial Planning Review like Course….


Hope you enjoyed!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

Interesting chart … One we frequently wonder about on what drives Gas Prices at the Pump … from our friends at Visual Capitalist …

Not sure if you are like us, but we’ve long wondered what makes the price of gasoline at the pump change and sometimes so dramatically.

Maybe this topic is more top of mind as with a larger vehicle it’s easy to get to the credit card max for the pump max of $100 this day and age!

Of course spot gas prices are a contributing factor (just over half), but as our friends here at Visual Capitalist point out along with the EIA, there are more factors than just the spot price of gasoline for what we pay at the pump.

Interesting but not surprising location of the Top 10 Largest Refineries… bottom right of chart!

The following from the actual article:

The Four Main Factors

According to the EIA, there are four main factors that influence the price of gas:

  • Crude oil prices (54%)
  • Refining costs (14%)
  • Taxes (16%) 
  • Distribution, and marketing costs (16%)

More than half the cost of filling your tank is influenced by the price of crude oil. Meanwhile, the rest of the price at the pump is split fairly equally between refining costs, marketing and distribution, and taxes.

Have a Great “Now you know how the pumps price of Gasoline occurs“ day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents