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Month: December 2015

Overcontributing to Retirement Plans

Overcontributing to Retirement Plans

Sorry I haven’t posted lately, but like many people I am enjoying time with my in-laws in my home state. It is nice to see family and friends, but it is back to making the donuts next week so I better enjoy it. However, I found out something today that I thought was an interesting post. Last week I discussed whether or not I was going to suspend some of my retirement withdrawals and use that money to pay off…

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Holiday Financial Pressure

Holiday Financial Pressure

If you are like many Americans you might be picking up those final gifts for friends, family, and/or acquaintances. For many of us we don’t even want to look at our credit card bills after the holidays because of the amount of money spent on gifts, travel, going out to eat, etc. I know I feel it too. I live over 1400 miles from my family. I only get to see them maybe once or twice per year, plus most…

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Financial Tip Friday: Don’t Buy Individual Stocks

Financial Tip Friday: Don’t Buy Individual Stocks

There are some friends of mine who will see this title and think that I am crazy. The reason for this is because they have had great success with individual stocks and believe anyone can do it. Many people can do well with individual stocks. They have built an incredible portfolio. Jason over at Dividend Mantra is certainly one person who has done it. However, I have never had really good luck with buying individual stocks. Not sure why but…

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I Need Your Advice

I Need Your Advice

Ok I have been alluding to this post for a bit and I would like some of your comments/ideas about how you might handle this situation. As I have been on this financial independence journey I have shared with you how much debt that I have. I have not shared Mrs. ROB’s debts because she has asked me not too and I want to respect her wishes. However, I have no problem putting my stupidity out for the entire world…

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Athletes, Money, and a Financial Lesson About Myself

Athletes, Money, and a Financial Lesson About Myself

I hope you forgive me for this fairly short post, at least short for me. However, we have finals week coming up, then Mrs. ROB and I are traveling to our home state to see family for two weeks, and then back to work again. So my blogging might be a bit sporadic until then. On Saturday night, Mrs. ROB and I decided to stay in and buy the Pay-Per-View of UFC 194. For whatever reason, we both like it….

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Financial Tip Friday: Choose Credit Over Debit

Financial Tip Friday: Choose Credit Over Debit

So there is a great debate in the personal finance world about whether or not you should use credit cards or debit cards. People like Dave Ramsey and other financial gurus state you shouldn’t use them ever. Others argue that you can use credit cards to your advantage, they offer greater protection, and if you pay them off every month then there should be no reason not to use them. The problem with the latter is that most people don’t…

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A Debt Payoff Win

A Debt Payoff Win

The past two weeks or so I fully admit I haven’t felt like blogging much. Most of this is because I am focusing on other things like the end of the semester, the holidays are here, and I am trying to figure out how to pay for everything without pulling my hair out. However, I did want to report on a little debt win that arrived last week. Last year we bought our house and I recommended that all homeowners…

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FInancial Tip Friday: Chunking Your Debt

FInancial Tip Friday: Chunking Your Debt

This is an update on a post I wrote a few months ago: In order to make my goal of being consumer debt free by age 45 I have to pay off two major debts. When paying off debt there are two common avenues recommended: Paying Highest Interest First and the Debt Snowball. Pay Highest Interest Rates First In the first scenario, you take all of your debts and no matter the debt you make minimum payments on all of…

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December Monthly Challenges

December Monthly Challenges

As has been a tradition for the past few months I put forward a few personal challenges for me this month. As a reminder these were November’s challenges: Submit book proposal to publishers. This should be doable because I have finished a rough draft of it. I am just waiting on my writing partner for his feedback–FAIL. However, there was a reason for this. I am waiting for my colleague to get some changes back. I did meet with a…

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