Why and How I’m Quitting My Obamacare Plan

quitting my obamacare planYou’re never supposed to talk about politics. It’s bad business and it makes people mad at you. It’s hard to come across as neutral when discussing an issue like the Affordable Care Act. Even using the word “Obamacare” sounds like a pejorative to some. I’ll use the term since Pres. Obama said he’s cool with it, and that’s how most people know it. I’m also going to be really personal with you and tell you my own experience and how I came to my decision on quitting my Obamacare plan. Take this with a grain of salt, because I’m sure there are dozens of different opinions on this. Still for folks dealing with the ridiculousness of sky high premiums for horrible health insurance like myself, this article might be really helpful to you.

I’ve recently decided to take a risk with my healthcare because I just can’t stomach paying for something that’s essentially worthless. I’m speaking about my Bronze Affordable Healthcare Act healthcare plan. In honor of the failed Republican AHCA plan that also would’ve created a lot of problems, I’m turning myself into an open book for this blog post to explain why I’m quitting my Obamacare plan and what I’m replacing it with. Continue reading “Why and How I’m Quitting My Obamacare Plan”

Walmart to Drastically Increase Prices. Thanks Trump

thanks trumpI’m really concerned about a key part of my budget as a non corporately employed individual: all of it. Trump has been throwing a hissy fit on Twitter lately with the President of Mexico. Maybe you’ve seen it. If you’re a supporter of Trump’s trade and immigration proposals, you should know that it could very well result in soaring prices for consumers. Continue reading “Walmart to Drastically Increase Prices. Thanks Trump”

Why the Latest S&P Downgrade of New Jersey is a Big Deal

downgrade of new jersey
The sad part is, I don’t think I’m being too hyperbolic comparing the future of New Jersey’s finances to the explosion of the Hindenburg, which coincidentally happened in New Jersey

The ratings agency Standard & Poor’s recently downgraded the state of New Jersey once again. This downgrade is far more perilous to the municipal bond market than average investors realize. As a former municipal bond trader myself, here’s my take on what the downgrade of New Jersey means for investors and residents of the state. Continue reading “Why the Latest S&P Downgrade of New Jersey is a Big Deal”

What’s Going to Happen to the Markets with President Trump

markets with president trumpThe unthinkable appears to be happening. Barring some unexpected change to the way things are trending, we will wake up to a President-elect Donald Trump. This has some profound implications for markets, and so many people have asked me what to do on Facebook I’ve decided to post this late last night.  Continue reading “What’s Going to Happen to the Markets with President Trump”

The Millennial Moola Show Episode 3: Emergency Election Edition

It occurred to me that this episode I recorded of The Millennial Moola Show will be irrelevant after Tuesday evening. I wanted to break down a detailed account of the candidate’s personal finances, which are among the most corrupt and troublesome of any in our country’s history. Regardless of your politics, I sure wish we had folks running for the highest office in the land that cared more about doing what was right. Even so, both the pro and anti sides of each candidate will find something to like about this episode.  Continue reading “The Millennial Moola Show Episode 3: Emergency Election Edition”

How Trump’s Implosion Will Affect His Finances

trump's implosion will affect his financesDonald Trump is not even close to being worth “10 BILLION DOLLARS.” In fact, I’ve long held the position that he is running for President to personally enrich himself and to intentionally lose. The key to his strategy is increasing the value of the Trump brand. Unfortunately for him, this strategy took on water after the release of a tape with him making vulgar comments about women. Trump’s implosion will affect his finances, just not completely in the way you might think. Continue reading “How Trump’s Implosion Will Affect His Finances”

Wealth Inequality Does Not Bother Me

wealth inequality
My 2004 Honda Civic with 200,000 miles on it looks like a Ferrari compared to the Model T

If you listen to the nominees of both major political parties in America, you’d hear that wealth inequality is one of the most existential threats to America in the 21st century. Indeed, in many public policy conversations, unequal division of wealth in America is treated as a no brainer negative for the country. However, I will make an argument that what we should be concerned about is not concentration of wealth at the top, it’s financial literacy and the rate of economic growth. Continue reading “Wealth Inequality Does Not Bother Me”

The US Government Should Pay You to Play Pokemon Go

US government should pay you to play pokemon goA new study by the scientific journal The Lancet finds that laziness costs Americans $27.8 billion annually. The researchers wanted to focus on a few diseases only and isolate the costs coming directly from inactivity. That means the figure they found is likely way too small and conservative. In fact, health experts assert that 22 diseases in total link directly to sloth. Rather than expand health insurance coverage and Medicaid funding, perhaps it’s time to go down a different, more productive path. The US Government should pay you to play Pokemon Go. Continue reading “The US Government Should Pay You to Play Pokemon Go”

Philadelphia’s Stupid Laws Don’t Apply to Democrats at the DNC

philadelphia's stupid lawsI lived in Philadelphia for three years, and it is a wonderful city full of great people. It is also home to some of the most corrupt politicians in the country after Chicago. Phildelphia’s stupid laws really hurt average people and raise costs for virtually everything. After all, this is a city where the city’s convention hall required paying union laborers $100 in order to plug in a television until recently. Philly has banned Uber and restricts all sales of alcohol to state run liquor stores. The Parking Authority has impounded Uber drivers’ cars, and most of the city’s restaurants do not even serve alcohol because of the Byzantine and astronomical cost of complying with the liquor regulations. For the DNC this weekend, the transportation sponsor is Uber and the alcohol regulations have all been lifted. Apparently Philadelphia’s stupid laws are good enough for everyone except high ranking Democratic politicians. Continue reading “Philadelphia’s Stupid Laws Don’t Apply to Democrats at the DNC”

The Worst Funded Pensions in America are in Chicago

worst funded pension
Public workers in Chicago are about to get left out in the cold. Source

The Windy City of Chicago has the worst funded pension system in the United States. A combination of corruption, skipping required pension payments, generous benefits, and ridiculous investment assumptions have put the financial future of the nation’s third largest city in jeopardy. Because of this pension problem, Chicago just raised property taxes by 72% over the next few years. Sadly, it will not be enough to avert disaster. Continue reading “The Worst Funded Pensions in America are in Chicago”