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Month: November 2014

One Million Dollars

One Million Dollars

A million dollars. Has a nice ring to it doesn’t it? A common goal in the United States among people saving for retirement is to reach that magical mythical figure of a million dollars. Frankly, when I hear a million dollars i immediately jump to the scene from the movie Austen Powers where Dr. Evil wants to blackmail the world for a million dollars. No. 2 reminds Dr. Evil that in 1997 a million dollars isn’t a lot of money anymore….

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My Financial Thanksgiving

My Financial Thanksgiving

I try to write primarily about financial issues on this blog so considering it is the day before Thanksgiving I thought I would consider what I am thankful for financially this holiday season. I am thankful for a number of things: I am, of course, thankful for Mrs. ROB and her continued love and support. Financially, I am thankful she convinced me that maybe this was the time to buy a house. With interest rates where they were, our rent…

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Advice on Salary Negotiations and Benefits, Part II

Advice on Salary Negotiations and Benefits, Part II

In my last post I had mentioned that I had the privilege of being part of a wonderful panel of colleagues where we were giving advice on a variety of subjects concerning the job market. I can only hope the advice that was presented at that panel will somehow be memorialized in a larger document for undergraduates and graduate students. My part on the panel was to give some advice on the dreaded subject of money and last time I…

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Advice on Salary Negotiation and Benefits, Part I

Advice on Salary Negotiation and Benefits, Part I

Right now I am sitting in my hotel room taking a little bit of a break from a conference I am attending. For most academics, conferences are a way to see old friends, find some interesting new research, go to interesting places and get rejuvenated. Whenever I leave a conference I am ready to go back to work because of the smart people I am surrounded by. This morning I was on a panel with a group of distinguished scholars…

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Student Loan Forgiveness, Part II

Student Loan Forgiveness, Part II

So last time I was talking about why I am not currently enrolled in the Public Service Loan Forgiveness program, even though I am eligible. The biggest reason for me not to do the PSLF program is that the math doesn’t work for me.  One reason say not to pay off your student loans is the tax deduction your receive. Every year, as most people do, I take the student interest tax deduction of $2500. I have heard some of…

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Student Loan Forgiveness, Part I

Student Loan Forgiveness, Part I

I am fortunate to have a job where I could be eligible, if I participated, in the Public Service Loan Forgiveness (PSLF) plan. PSLF can be a great thing for people who have huge amounts of student loan debt. However, after long hours of thinking it over I don’t think I am going to participate. What Is Public Service Loan Forgiveness? Public Service Loan Forgiveness allows people who are in eligible positions and meet certain income requirements to have their…

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My Dog Saved My Sabbatical

My Dog Saved My Sabbatical

Currently, I am on sabbatical from my job. When you are given a sabbatical it is not necessarily a time of great rest and relaxation, but a time to work and focus on a larger project that you haven’t been able to get to over the past couple of years. The problem for me is that I like the structure of my work environment. I have a specific work schedule, my office full of resources, my students, and my colleagues…

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My First Investing Experience

My First Investing Experience

I have always been fascinated with investing and money. Maybe it is because my parents didn’t have a lot of money and I dreamed of lifestyles of the rich and famous or MTV Cribs. I still have that fascination and I will fully admit that a guilty pleasure of mine is watching shows on Bravo or House Hunters or even just going to open houses of homes that are certainly out of my price range. I remember that when I…

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My Biggest and Dumbest Financial Mistakes

My Biggest and Dumbest Financial Mistakes

So I have revealed a lot on this blog about my journey to financial independence. One of the most common posts among the blogs I follow is the biggest financial mistakes post. Typically, they only post one. I have a ton of mistakes, but thought I would post two because one is just really D-U-M-B. My Biggest Financial Mistake The biggest mistake I made was the taking out of student loans when I didn’t need too. From my master’s degree…

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Election 2014 and Finance

Election 2014 and Finance

So did you vote today? I did and I have to admit I love this time of year. Part of it is because I am a political junkie, part of it is because I love the drama of American politics. A lot of the speculation amongst the pundits is who will win what race, in what state and in what capacity. So what does it mean for financial markets if Republicans win the Senate and we have divided government in…

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