Cost, Schedule, Performance – Pick 2, Part II: COTS components
So, what about focusing on investment performance in your financial independence project? We’d all like to become financially independent as soon as possible, at the lowest cost, so shouldn’t we spend most of our time focused on investment performance? No, and here’s why. Although each of us is unique, our financial independence projects have a lot in common. As a project manager, what do you think about when you see a lot of other projects similar to yours? I don’t know abou
Didn’t Qualify for a Stimulus Check? A Few People Get Another Shot……
For some people, their 2019 or 2020 Adjusted Gross Income (AGI) was too high to receive the stimulus. If you filed your 2020 tax return before the stimulus checks went out in March, your 2020 AGI was used to qualify you for a stimulus payment, otherwise, your 2019 AGI was used to qualify you. If you didn’t qualify, you get “another bite at the apple” with your 2021 AGI. If your 2021 AGI is below the $150k threshold (married filing jointly or $75,000 for individuals) you shou
Cost, Schedule, Performance – Pick 2, Part I
OK all you engineers and project managers, you’ve no doubt heard the expression above, “cost, schedule, performance – pick 2.” What it means of course, is that there’s a trade-off between accelerating these three variables. All other things being equal, you can accelerate two of these variables to achieve a similar result, but not all three at the same time. I suggest to you, that for your personal financial independence, you pick cost and schedule. Why? You have a lot of con
