Lazy Man and Money

  • Blog
  • Home
  • About
    • What I’m Doing Now
  • Consumer Protection
    • Is Le-vel Thrive a Scam?
    • Is Jusuru a Scam?
    • Is Beachbody’s Shakeology a Scam?
    • Is “It Works” a Scam?
    • Is Neora (Nerium) a Scam?
    • Youngevity Scam?
    • Are DoTERRA Essential Oils a Scam?
    • Is Plexus a Scam?
    • Is Jeunesse a Scam?
    • Is Kangen Water a Scam?
    • ViSalus Scam Exposed!
    • Is AdvoCare a Scam?
  • Contact
  • Archive

Stress Test Your Money

April 3, 2023 by Lazy Man 7 Comments

Stress Test Your Money

Every article I have written recently starts with one or more reasons why I haven’t been blogging much. We had a planned long vacation of two weeks. There are always a few days before the break for packing and putting our ducks in a row. Then there’s the catch-up time when we get back. It seems to be a good 24 days overall in total.

That’s if everything goes according to plan. Our tenants have had a lot of problems. It wasn’t an easy fix like a new appliance. It was pulling out internal piping and a fight with the condo board, another unit that was impacted, and a few other things. Then this whole thing needed to be repeated again with this same unit (piping affecting yet another unit). It got really complex with eight different parties involved.

During all this, we also had this happen:

After 100 dog years of walks, love, and play, Jake has graduated to a much bigger and better dog park than we can provide him on Earth. pic.twitter.com/6WOLs7ePtu

— Lazy Man And Money (?,?,?) (@LazyManAndMoney) March 24, 2023


He had some health problems when we left, but he still had a quality of life. He got a stroke while we were away, and it was time for him to cross the rainbow bridge.

The kids and I got back a few days before my birthday. My wife had some work on the west coast and came later. The government switched her flight back, and instead of coming in at 11 AM for my birthday, she returned at 7 PM. How do you honestly answer people when they ask, “How was your birthday?” and it wasn’t good?

I’ve started to feel better, though. The last few nights, I’ve watched the new HBO documentary George Carlin’s American Dream. It was hard to come away from that without thinking that he was the greatest comedian of all time. He had jokes in the 1980s and 1990s that are still relevant today. However, I have always loved George Carlin. I had been quoting him on this blog since 2007. When he died, I wrote a small tribute – one of the few times that I decided that I wasn’t going to write about money.

Some of you are thinking, “Cool life update, bro. *Click away*” That would be a mistake.

During all this, we never thought about money.

Vet hospital, how many thousands do you need? Plumbers and contractors, how many thousands for you? Disneyland, Universal Studios, Legoland, San Diego Zoo, how many thousands were you?

It all added up to a big number – more than five figures. We’ll have a couple of months of expenses like that because some went on credit cards and those bills come later.

I would have been crazy about such expenses seven or ten years ago. They would have been a disaster. However, my mental state was the exact opposite.

There are three big reasons why:

  1. Our net worth is much higher

    It’s about 3.5x higher. Our house is almost paid off. (We could pay it off if we wanted to, but with such a low mortgage rate, there is no reason to.)

  2. We have much better cash flow

    My dog boarding business is doing better than blogging was back then. The combination of the two and some other freelance work gives us an extra $50,000 to work with. My wife’s income has also increased substantially. The military does a good job at keeping up with inflation and going from “Year 16” pay to “Year 24” pay is a big move in the military charts.

  3. We have much better liquidity

    When my dog business started to take off, I contributed more to our joint account. My wife started stashing cash aside for pre-retirement. That nest egg also serves as a short-term emergency fund for when stuff like this comes up.

    We also sold a rental property. We have invested most of the profits but kept $20,000 in cash. The plumber’s expenses come from this account, so we won’t notice it. For a couple of months, we’ll let the rents build this back up to $20,000.

Instead of being worried about this financial calamity, I looked at it as a successful stress test. We got punched in the face (financially), and we were able to laugh and say, “That’s all you got?” That gives me confidence that we’ll be able to handle much of whatever comes at us.

Of course, stress testing our money wasn’t plan A. In this case, we’ll take wins wherever we can get them.

Email (and share) This

  • Email
  • Facebook
  • Twitter
  • Pinterest

Related

Filed Under: Finance 101 Tagged With: stress

SIGN UP NOW FOR MONEY TIPS AND A CHANCE TO WIN $25 MONTHLY

Comments

  1. Joe says

    April 3, 2023 at 12:08 pm

    Sorry to hear about Jake. It’s always tough when a pet passes on. Our son is still sad about his cat.
    We spent more than usual this year as well. But I’m not too worried. Things will even out later. Our financial foundation is solid. It’s good not to be stressed out about money.
    Hope things are going better this month.

    Reply
  2. Wesley says

    April 3, 2023 at 2:19 pm

    So sorry about your pup. We love our animals.

    I guess we are not in as good of a spot as we have been at times as I do stress about stuff at times. Maybe it’s being very close to turning 60 with my IT job being very insecure. We’ll see.

    Reply
  3. James C Hendrickson says

    April 9, 2023 at 11:23 pm

    What might be interesting is to see is a breakdown of how you grew your dog sitting business. Like how you got started, what your first few moves, were how the cash flow grew, what kind of problems you ran into, etc.

    Reply
    • Lazy Man says

      April 10, 2023 at 9:31 am

      That sounds like a great future blog post. I don’t know how much of it is something readers can duplicate though. I started it back in 2015. I also live on an island with a unique set of circumstances.

  4. Joe says

    April 10, 2023 at 11:07 am

    I would enjoy a dog-sitting business, but we don’t have enough space. It sounds like a great side business.

    Reply
  5. Mandy Fard says

    April 13, 2023 at 1:50 am

    Sorry about your dog. Also, interesting to learn about the profitability of a dog boarding business as a side hustle. Great idea.

    Reply
    • Lazy Man says

      April 13, 2023 at 10:25 am

      Keep following my articles. I intend to write more about it soon.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

As Seen In…

Join and Follow

RSS Feed
RSS Feed

Follow Me on Pinterest

Search The Site

Recent Comments

  • CaptainFI on Five Ways to Eat Good on the Cheap
  • Joe on Five Ways to Eat Good on the Cheap
  • Kosmo on Kosmo’s Greatest Hits Volume 1
  • Lazy Man on To Ramit or Not To Ramit?
  • Derek on To Ramit or Not To Ramit?

Please note that we may have a financial relationship with the companies mentioned on this site. We frequently review products or services that we have been given access to for free. However, we do not accept compensation in any form in exchange for positive reviews, and the reviews found on this site represent the opinions of the author.


© Copyright 2006-2023 · Perfect Plan Publishing, Inc. · All Rights Reserved · Privacy Policy · A Narrow Bridge Media Design