Blog — Summit of Coin
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Happy 2nd Birthday Summit of Coin!

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Happy 2nd Birthday Summit of Coin!

I recall my journey to launching Summit of Coin. It was December 2014 and I was listening to a podcast. The podcast was an interview of Mr. Money Mustache. This sent me down a journey of reading every article that MMM had written and peaked my interest in writing a blog detailing our journey to financial independence or as I like to call the Financial Summit. Being a teacher, I waited until summer to prep ten articles for the blog and develop the website. After a month of prep, I officially launched this blog on July 13, 2015. 

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Should the Political Party in Power Effect your Savings?

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Should the Political Party in Power Effect your Savings?

Earlier this year, It got an e-mail from Bankrate. This e-mail was part of their newsletter series called Power Up.  These newsletters send out articles on content you might be interested in reading. This Power Up in particular had a topic that peaked my interest, with an article titled "The Post-Election Money Divide."Of course, I clicked the link and read the article. The portion of the article that I was interested in was short, but had some interesting information. Ever since that day, I have been planning on writing an article about the money divide in America.

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Our 2017 Second Quarter Spending Rate

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Our 2017 Second Quarter Spending Rate

We are now half way through the year with the arrival of July. This calls for an update on the Summit of Coin family spending. Things for our family have become really interesting and our savings has not been up to our normal Summit of Coin Savings. With the start of our daughter in daycare and other expenses, we did not reach our savings goal over the past three months. Our goal is 35% for the entire year (with an understanding that some months will be better and some will be worse. Let's jump into our April spending report.

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Why Does the Stock Market Go Up Over Time?

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Why Does the Stock Market Go Up Over Time?

Earlier this week, I was listening to a podcast and the conversation on the podcast got me thinking. I have heard a certain statement time and time again. I have heard it from my pastor, my father and even the people I listen to on podcasts. They all have stated at one point: "The stock market is at its highest value in history." A lot of times this is said with the idea that the value of the stock market is a bad thing. And I will admit, there is no guarantee in the value of the stock market. It flucuates over time and it will go down, but will the fall be that bad?