Who Let That Lifestyle Creep In?

Frankly, we did – guilty as charged. Many of you may already know what Lifestyle Creep is. For those who don’t, it’s when your standard of living keeps pace with (or potentially exceeds) any increase in your household income. A funny thing happened on our way toward financial independence. After my wife and I finished paying off all of our debt, we did as planned. The extra money no longer going toward debt repayment was put towards savings. And this Continue Reading →

A Financial Fresh Start

For the past few years I have been volunteering my time co-hosting a financial literacy series at our local library in Crested Butte, Colorado. This program, called Common Cents for Colorado, was made possible by a grant from the FINRA Investor Education Foundation through Smart investing@your library®, a partnership with the American Library Association. The main program series consists of a 5-Part Seminar Series covering the topics of: Goal Setting & Financial Planning, Key Investment Concepts, Retirement Savings Vehicles, Common Investment Types, Continue Reading →

The Voyage to Financial Independence

Given that it’s the dead of winter here in Colorado and I’m landlocked in a sea of white snow, I thought conjuring the image of a sailboat, preferably on blue Caribbean waters, would be a pleasant analogy for illustrating a path to financial independence. Imagine that you are the Captain of a sound sailing vessel and her name is You, Inc. Put on your captain’s hat and let’s set sail on a Money Mind voyage… Identify Your Port of Call Continue Reading →

Make Some, Save & Invest, Live on the Rest

For the initial blog post on Mark’s Money Mind, I thought it would best to give a quick introduction. My name is Mark Trautman and I live in Crested Butte, Colorado with my wife and daughter. I retired from full-time employment at the end of 2015 after a 28 year career in the financial services industry. During the latter 24 years, I was an equity mutual fund portfolio manager for a small closely held company. My passion has always been personal finance and I received Continue Reading →