Should I Be Investing In Master Limited Partnerships?

I need to admit I made a mistake.  At first glance, master limited partnerships ( ‘MLP’ for short) always seemed like the kind of investment I would automatically dislike — With flat share prices, large debt levels and high dividend yields.  They ticked a lot of my “don’t invest” boxes pretty quickly.

It should come as no surprise, that I’ve essentially ignored MLP’s for years…

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Avoiding The Stink Of High Yield – How Much Is Too Much?

It’s long been a goal of mine to have a dividend income that roughly matches our family’s annual expenses.  I say *roughly*, because in any given year we might have a random irregular expense that causes us to overspend our cash generation a little. 

(The purchase of a new car, an expensive family vacation, or repairing the roof on our home would be good examples of this)

This year, I’m going to be pretty close to that goal…

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Raising Financially Independent Kids Is Serious Business

Raising kids isn’t easy under the best of conditions.  Most of the parents I know work a 50+ hour work week.  To deal with after school care, they enroll their kids in after-school programs, at considerable cost to themselves.  It’s a kind of “two steps forward and one step back” situation that makes raising kids and saving money difficult.

The average family I see, only gets to spend nights and weekends together…

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How To Make Japanese-style Mabo Tofu

When it comes to cooking meals at home, absolutely no-one wants to cook a separate meal for the kids and a separate meal for adults.  Yet adults often prefer bolder, spicier flavors with more exotic ingredients.  Kids tend to enjoy simpler fare — carb heavy dishes with much milder flavors.  At least my kids do — pizza, spaghetti, macaroni & cheese, sandwiches and so on.

It definitely puts smiles on their little faces, but I can only eat so much of it before I’m craving something more exciting…

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Spring Breaking-It

Ah, spring is in the air!  It means the kids are out-of-school on spring break… and that means I need to take my stay-at-home-dad duties a lot more seriously.

While many families choose to travel somewhere warm or exotic during spring break, we’re just hanging-out at home.  Both of our boys can have a great time even if we don’t travel somewhere, and as I mentioned in a recent post, they don’t fly particularly well yet…

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Wealth Is All In Your Head

When you think about it, money is a pretty funny thing.  For a couple thousand years humans used precious things to represent this idea of “money” — ivory, colorful shells, precious gems, livestock, silver, and most notably gold.  This worked well for humanity for a very long time… as long as the values were small.

The general inconvenience of physically carrying a whole bunch of “precious stuff” eventually gave way to paper certificates…

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March 2019 Dividend Income And Expenses

Wow, what a difference a month makes!  This time last month, the Tako family was buried under a veritable mountain of snow.  Now, one month later, spring has definitely sprung.

Temperatures are warmer, and there’s more natural light due to the annual daylight savings time shift.  This has made a huge difference in how much daylight we have, and I find myself itching to get yard-work done and prep the bbq for grilling season…

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