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Month: October 2015

Rising Prices, Looming Mortgage Disasters Contribute to UK Housing Crisis

Rising Prices, Looming Mortgage Disasters Contribute to UK Housing Crisis

This is a guest post from a blogger, Derek Fisher, in London discussing the British Housing Crisis It probably comes as no shock to most Britons, particularly those in and around London, to hear that the UK is in the grip of a housing crisis that shows little sign of abating any time soon. Rising house prices and tighter lending restrictions are making it more difficult for many first-time buyers to get onto the property ladder. And millions who are…

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My Car Buying Philosophy

My Car Buying Philosophy

Before I begin let me just say that I don’t necessarily enjoy buying a car. I have owned five in my lifetime. My very first one was a car I bought when I was 25 which my dad told me about a 1986 Ford LTD Wagon that leaked oil. I bought it so I could haul all of my belongings out to Oregon to be with my partner at the time (although that quickly went south). Since that time I…

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Financial Tip Friday: Strategies for Paying Off Debt

Financial Tip Friday: Strategies for Paying Off Debt

This post is an updated version of one I wrote over a year ago. I thought it would be a good edition for Financial Tip Friday. I have talked about my journey into debt and some assets that I have. Now I want to discuss some strategies to get out of debt. Now this is a work in progress, but hopefully it will provide a blueprint as I move forward. So I am only in the early stages of paying…

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The Smartest and Best Financial Decisions I Have Made

The Smartest and Best Financial Decisions I Have Made

In a post I wrote about a year ago I chronicled the worst financial decisions that I have made. Since it has been about a year later I thought I would focus on some of the smartest and best financial decisions I have made. I think there are several decisions that have paid off and will pay off in the future. Taking control of my financial life and paying off my debt. I was/am like a lot of people. I…

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Financial Tip Friday: Dollar Cost Averaging and Why You Need to Do it

Financial Tip Friday: Dollar Cost Averaging and Why You Need to Do it

One of the topics that I love to talk about most on this blog is investing. I love discussing different strategies, amounts, investments, and other items. I have talked about why I chose to investment accounts over pensions, investing at least 15% of your income, how much you should save in general, the different types of investments, asset allocation, risk tolerance, as well as other topics. However, once you have made the decision about what kinds of investments to put in,…

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Should You Buy a Time Share?

Should You Buy a Time Share?

If you live in the northern part of the United States like Mrs. ROB and I do then you probably think about getting away for a week or two during the winter. Popular destinations include going skiing in Colorado or Vermont or you might go to warm destinations like Florida, Arizona, or the Caribbean. Each spot has its own virtues, but you have to plan the trip, choose where to stay, get the tickets, transportation, and other items. What if…

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Changing My Debt Mentality

Changing My Debt Mentality

I have a bit of a confession to make. Last week I updated people on my debt repayment. One of those primary debts (and I only have the three) is a personal loan. The other two are a mortgage and my student loans. In writing about paying off debt, investing, saving, and trying to find “balance” in my financial life I have never really mentioned what the personal loan was for. In April of 2014, I knew that Mrs. ROB…

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Financial Tip Friday: Why Long Term Trends Matter

Financial Tip Friday: Why Long Term Trends Matter

This is a post I have been wanting to write for a while, but for whatever reason I hadn’t gotten around to it. I know several of my friends and lots of my former students who still refuse to put themselves in the stock market. For some of them it is because they struggle financially.  But for most it is because they prefer to spend their money on immediate gratification or they view the stock market as nothing but casino…

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October Monthly Challenges

October Monthly Challenges

Time to update my challenges from the previous month and continue with some October challenges. I would’ve done this sooner, but it has been a busy six days so far. To recap here were my September challenges: Go to the gym at least three times a week–SUCCESS! This really shouldn’t even be a goal because I do it every week. But I accomplished the goal. Reduce our food budget by $100–FAIL. Part of that failure was because we went to…

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Third Quarter Debt Payment Update

Third Quarter Debt Payment Update

Since I started this blog I have been updating how much debt I have paid off on a quarterly basis. I would do it monthly, but some months are normal mundane months with regular payments and then some months I have extra funds that I use to pay off my debt. My previous debt payment updates can be found here and here.  My overall goal is to pay off 10% of my debt by the end of the year. At…

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