Austin Colby


Financial Fitness

Equal OPPORTUNITY is not the same as Equal OUTCOME.

Recently Facebook’s Founder and CEO, Mark Zuckerberg, spoke at Harvard’s commencement ceremony and mentioned one of the more ludicrous things I’ve heard in quite some time.  He commented that “everyone should have a cushion (financial) to try new ideas.”  And that having a form of “universal basic income” is a way to accomplish that.

WHAT?   Continue reading “Equal OPPORTUNITY is not the same as Equal OUTCOME.”

Focus On Planning | How much do I need to save to get to my “number”?

start early.jpgOn any given day, you can turn on your television and see a variety of commercials that ultimately ask you, “What is your NUMBER?” The commercials are referencing the number you need saved for retirement, or financial freedom, or some other finishing point.   Continue reading “Focus On Planning | How much do I need to save to get to my “number”?”

Financial Fitness | What Have You Earned So Far?

IMG_3612Here is an interesting little experiment to discover how much you have earned so far and determine what you have to show for it.  We are about to participate in one of my very favorite activities…MATH.  Ready?

Add up your lifetime earnings.  This information is available at  (Along with your lifetime earnings, you will find your estimated benefits based on a variety of assumptions, and a bunch of interesting [and frightening] statistics about the financial security of your future social security benefit.) Continue reading “Financial Fitness | What Have You Earned So Far?”

Cash vs. Credit

The credit card industry in the United States is massive.

In 2015, there were $3 trillion worth of processed credit card transactions.  The percentage of GDP that the credit card industry represents has risen from 10% in 2000 to 15% last year.  American households are carrying nearly $1 trillion dollars worth of credit card debt.   Continue reading “Cash vs. Credit”

Financial Fitness | Know Your G.S.S.

IMG_2278.JPGLet’s keep it simple with budgeting for a minute. Budgeting can be overwhelming, but that is NOT an excuse to ignore it.

G. S. S. =  Give. Save. Spend. Continue reading “Financial Fitness | Know Your G.S.S.”

Financial Fitness | Six Simple Things You Need to Start Doing Today

No matter where you are right now with your personal finances, here are six things you need to start doing TODAY. Continue reading “Financial Fitness | Six Simple Things You Need to Start Doing Today”

On Point | Challenge!

on point.jpg

CHALLENGE:  Instead of going out for dinner tonight, drive to that tempting restaurant and snap a photo.  Then, go straight home, make something super simple to eat (rice & beans, eggs & toast, or PB & J) and brainstorm the best way you could use that extra thirty-eight dollars to accelerate your financial goals.  This evening will inevitably be a memory.

As Dave Ramsey says, “If you will live like no one else, later you can live like no one else.”

. . . . . . . . . . . . . . . . . . . . . . . .

Periodically (and unpredictably) I will throw out one of these “On Point” challenges or tips to encourage and motivate you to maintain a crisp focus.  Inspiration to keep YOU on point.

So, consider this the first…GO!

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