If you have a full time job, it's that time of the year. Time for the Holidays and time for Annual Benefit Enrollments. When signing up for your healthcare plan, your employer may offer you several choices. Deductibles You can go for a low deductible plan or a high deductible plan. Low deductible plans typically have co-pays for different medical services. These co-pays can vary from plan to plan but they can be as low as $10. Low Deductible plans…
Around Christmas of 2020, I decided to start my own personal finance blog Finance Throttle. My objective with this blog was to help people accelerate their net worth and learn more about personal finance along the way. Within a week, I created the blog and website through a Bluehost referral link and published the site on December 31st, 2020 for a January 1st, 2021 reveal. I started off publishing a new blog post EVERY DAY. This wasn’t easy since I had a full…
I don't normal stray from the topic of personal finance, but I do have an interest in all things driven by a motor. In fact, I have a Car Talk page where I talk about my car ownership experiences here. When I was 9 years old, my father bought a 1998 Kawasaki 900STX Jet Ski. The most exciting time of my childhood is when I earned my PWC (Personal Water Craft) drivers license at 11. You read that right! Pennsylvania…
As an Industrial and Manufacturing Engineer, I have worked in factories for over 10 years and have toured several other factories including Volvo Powertrain, Hershey Chocolates, and Harley Davidson. For years I have heard the concerns of automation replacing jobs. You may replace a picker and sorter with a robot that can do the same thing. You may replace a buggy driver with an AGV, or Automated Guided Vehicle. Amazon may try to replace delivery drivers with delivery drones. The…
Industrial Engineering, synonymous with Manufacturing Engineering and Systems Engineering, is an engineering degree broadly defined as a field involved in the design, development, use, improvement, and retirement of products, processes, and systems. In short, engineering is the field of problem solving. Industrial Engineering is one of the most popular engineering fields offering a broad body of knowledge with flexibility in career choices and higher than average pay. History Industrial Engineering derives from Mechanical Engineering. In fact, the Industrial Revolution and…
The 529 Account is an Educations Savings and Investment Account. Any money you contribute is tax deductible and the money grows tax free as long as you spend it on qualified educational expenses like tuition, school supplies, dorm rent, or even a laptop. Read all about the 529 Account on my blog post Saving for College with a 529. Now let's work on answering the question in the title of this post. What happens with the money left over in…
While this is a personal finance blog, my career is in the field of Engineering. Along with my wife, we both earned our degrees in Industrial & Manufacturing Engineering from one of the top engineering schools in the U.S. After gaining some experience, we both went back to our alma mater and earned our Masters degrees. I earned my M.E. in Systems Engineering and my wife earned her M.S. in Engineering Management. Between us, we have worked in the construction…
In the past year, homes have been selling well over asking price with many involved in bidding wars. These days, the root cause of everything is COVID-19, and this case is no different. 1. Population Shift The Stay-at-Home Order has forced many American's to stay at home for long periods of time. Those who live in small apartments in the city suddenly had the desire for more space and some land to play with. This caused a shift in population…
When my daughter was born, my wife and I decided it would be best to get a light weight and practical stroller that can be used from infancy to childhood. We wanted it to have cup holders, storage, a sun shade, and a smooth ride. We also wanted it to be easy to clean and fold. When folded, it had to be small in size so that it doesn't take up too much space in our vehicles trunk or boot…
Around Christmas of 2020, I decided to start my own personal finance blog Finance Throttle. My objective with this blog was to help people accelerate their net worth and learn more about personal finance along the way. Within a week, I created the blog and website through a Bluehost referral link and published the site on December 31st, 2020 for a January 1st, 2021 reveal. I started off publishing a new blog post EVERY DAY. This wasn't easy since I…
