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Month: April 2015

There Is No Such Thing As Good Debt

There Is No Such Thing As Good Debt

Over the past few months I have chronicled on this blog how I have been on a mission to pay off debt. I fully admit I hate debt. I hate seeing my money go out the door. I hate realizing how dumb I was in the mistakes I made in the past. I just don’t like debt. During that time several people have e-mailed me why I am so anxious to pay off my house and student loan debt because…

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A Little Gamble, Potential Big Payoff

A Little Gamble, Potential Big Payoff

Gambling is something that has been a part of my life since I was a teenager. I grew up five miles from a Native American casino near my hometown. My parents like to gamble. My sibling lives in Las Vegas and I fully admit I have gambled a time or two. However, gambling is not necessarily a silver bullet. I don’t get why good people plunk down money to buy lottery tickets or put oodles of money into slot machines….

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Financial Tip Friday: Invest in Index Funds

Financial Tip Friday: Invest in Index Funds

In a couple of different posts I have recommended that people need to start investing immediately.  The first place to start would be your employer’s retirement plan. Unfortunately, there are many employers who don’t have one. If that is the case with you then you can easily open up an IRA or Roth IRA at any of the major brokerage firms like Fidelity, Schwab, Vanguard (you can do it online) and begin your investing journey. However, once you start the…

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Financial/Medical Update on Mrs. ROB

Financial/Medical Update on Mrs. ROB

Unfortunately this post has to be a bit short as I am about to catch a plane to a conference (yeah….I think). A few months back you might remember me blogging about Mrs. ROB severely fracturing her ankle, almost being out of work, and it potentially causing us some financial misfortune because of insurance issues. Of course nothing is more important than my wife’s health and I will spend every dime I have to make sure she is ok. So…

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Wants, Needs, and “Deserving” Things

Wants, Needs, and “Deserving” Things

Last week I had a conversation with one of my students who is about to graduate. As we were talking I asked him what he was going to do after graduation. I thought he might talk about future career plans, moving to another state/city, or just general life goals. Instead, he gave me his immediate plan after school. He stated that considering he was graduating and had extra money set aside from working and his student loans he felt (and…

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Financial Tip Friday: What Kind of Mortgage Should You Get?

Financial Tip Friday: What Kind of Mortgage Should You Get?

It is that time of year again. That time of year when people are putting their homes on the market and others are looking to buy a bigger home, a smaller home, or their first home. If you are looking for a house there are number of key things you have to think about. One of them is what kind of mortgage do you want to take have. Before I give you my opinion let’s take a look at a…

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A Blogoversary Thank You

A Blogoversary Thank You

I should’ve done this about a month ago, but I forgot, but please forgive me for that. Well, it is my blogoversary. 7 months ago I started this blog thinking that no one would read it and that I am wasting my time. I still sometimes think I am wasting my time; what insight do I have to help someone out with their finances; no one reads my blog or cares; I could be doing something else; blogging takes too…

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Reflecting on What I Have

Reflecting on What I Have

Over the past month or so it seems I have been putting forward more bad news than good. I mean with the tax mess, not hitting my goals for the month of March, being a little behind on my debt payments, and future expenses that will cause a bit of a headache for Mrs. ROB and I. All of that said, I think it is time I take stock of where I am, in general, in life. So like I…

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Financial Tip Friday: Save and Invest Like Ron Popeil!

Financial Tip Friday: Save and Invest Like Ron Popeil!

I fully admit that I am fascinated by infomercials. I rarely watch them full-length, but I think they are a powerful form of persuasion that I use in my classes all the time. I think I might even be more fascinated by the people who actually buy this stuff. I wonder who is the person who called into the infomercial or saw it and ran out and got the pocket fisherman or a new fandangled cooking device or the Sham…

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Dealing With Unexpected Expenses

Dealing With Unexpected Expenses

For those of you who have read this blog for a bit you will most likely get the idea that I like the notion of personal finance. And that is true I LOVE personal finance. I love talking about investments, strategies to get out of debt, hearing about people’s success stories, reading other inspirational blogs (check out the blogroll, which I also need to update because there some other great blogs out there), etc. However, there is one thing that…

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