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Month: June 2015

Why Do We Criticize Financial Success?

Why Do We Criticize Financial Success?

This post isn’t meant to be political at all. And I don’t want to get into a debate about whether or not we should construct policies that would tax wealthier people more or if we should create more tax breaks for people in general. Full disclosure I think the biggest economic and social issue in America is income inequality and I generally favor greater taxes for those are wealthier individuals. However, I also believe we need to totally reform the…

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FInancial Tip Friday: Buying a Home With a Low Down Payment

FInancial Tip Friday: Buying a Home With a Low Down Payment

I have been spending a lot of time lately reading up on housing, mortgages, refinancing and the like. Part of the reason is that I would like to refinance. Now that might be a little weird considering we just bought the house 9 months ago. However, because home prices have risen and we have a 15-year mortgage I might be able to refinance (depending on Fed policy and interest rates) to an interest rate below 3% and also refinance to…

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Our Property Taxes Went Up 25%

Our Property Taxes Went Up 25%

A few days ago I received our property taxes for 2015-16. Initially, when I looked at our taxes I was expecting a slight increase from last year. However, when I looked I had to do a double take with how much they had increased. At first, I was sort of dumbfounded and upset, but when I looked a little deeper I realized why they had gone up so much. When we bought our house the assessment on the house over…

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This Is Car Financing Stupidity

This Is Car Financing Stupidity

I was driving home from the gym this morning and heard an advertisement on the radio for a brand new way of financing a brand new car. One of our new car dealers launched what they called their flex pay program. According to their program, you get to choose your down payment and choose how much payment you can afford. When I heard this I just wanted to scream. Don’t people learn. This pick-a-payment crap didn’t work when people were…

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Financial Tip Friday: Is Home Ownership Right For You?

Financial Tip Friday: Is Home Ownership Right For You?

So last week we looked a little bit at the some of the reasons why many people aren’t buying homes. Despite inventories increasing, mortgage rates at near-record lows, and less housing being valued as underwater, the United States is still about 10% under the home ownership high of 2004-2005. The current ownership rate is about 64% of Americans and in 2004 it was 69%. Moreover, rental rates are actually on the rise. So it seems there is a bit of…

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Want to Make Some Extra Money?

Want to Make Some Extra Money?

One of the great things about having a personal finance blog is that I get to meet, at least through e-mail, social media, and the like, a variety of people. One of the things that I love reading about are how some people make extra money with their blogs, writing, and other side hustles galore. Just recently Carolyn from The Penny Hoarder (a fabulous blog you should all check out) contacted me with an article they just wrote on how…

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The Story Is Always The Same

The Story Is Always The Same

When you read this headline you might be wondering what the heck that I am talking about. For finances I think the best story out there is the tortoise and the hare. Everyone wants a get rich quick scheme. Everyone wants to obtain their financial goals fast. Me included. I want this debt gone. I want financial independence now. LIke right now. But realistically I know that isn’t going to occur. My time horizon is more like 10 years and…

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Friends With Money Problems

Friends With Money Problems

Yesterday morning I was at the gym and I noticed this young man lifting weights. The problem with his lifting was his form. He was trying to lift weights that were too heavy for him, he wasn’t getting a full extension on his repetitions and based upon what I saw he was close to hurting himself. I noticed several people watching him, but no one stepped in to correct his form. And I fully admit I didn’t step in to…

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Financial Tip Friday: Why Don’t More People Own Homes?

Financial Tip Friday: Why Don’t More People Own Homes?

For most people the biggest financial decision they will ever make is whether or not they should buy a house. At one time buying a home was considered to be a part of the American Dream. You know the one with Ward and June Cleaver. The white picket fence, two kids, two cars, etc, etc. This financial tip is part of a larger discussion I hopefully will start with people about why don’t more people buy homes and those that…

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June Challenges

June Challenges

This update on my May Challenges is way late. I should’ve done this while I was in China, but preoccupied with other things. To review here were my challenges for the month of May. 1) Continue to hit the gym 4x a week–Success. Technically, I did not hit the gym 4x a week for the last week or so of the semester. But considering that I walked an average of six miles a day while I was in China (that…

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