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Month: January 2016

Financial Tip Friday: Want FI? Track Your Spending

Financial Tip Friday: Want FI? Track Your Spending

This is an updated post of an older one, but I think one that needs to be repeated. In my opinion, the very first step toward getting your house in order is to figure out where your money is going which means you should being by: ┬áTRACKING YOUR SPENDING! Not the Same As Budgeting Tracking your spending is not the same as budgeting. I am not asking, initially, for you to take every dollar you earn, give it is a…

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A New Dishwasher or Maybe Need to Rethink Home Ownership

A New Dishwasher or Maybe Need to Rethink Home Ownership

Last night Mrs. ROB and I had a not so fun discovery and experience. When I got home from work I was cleaning out the dishwasher and noticed that the dishes weren’t very clean. Seeing this I told Mrs. ROB that I should run the dishwasher again. She said well maybe we should clean out the dishwasher and filter. That was both a good and bad idea. I knew that we needed to clean the inside of the dishwasher, but…

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A Little Investment Perspective Amidst the Chaos or Don’t Be a Chicken Little

A Little Investment Perspective Amidst the Chaos or Don’t Be a Chicken Little

As I was going to the gym on Saturday morning I was listening to the Ric Edelman investment show on the radio. For those of you who don’t know Ric Edelman is an award-winning financial planner and New York Times Bestselling author on all things finance. While I don’t agree with everything he says I like listening to him give advice to various callers. He was relaying a story where one of his clients had called him and was apocalyptic…

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Financial Tip Friday: Don’t Look At Your Investments A Lot

Financial Tip Friday: Don’t Look At Your Investments A Lot

Ok I admit it. I have a sickness. The sickness is that almost on a daily basis I look at my investments. I don’t know why, but it is almost like a nervous tick. Even when they go down I still look. I can’t help it. Don’t be like me. Don’t look at your investment accounts more than once a quarter or so. You should check them in-depth at least once a year to make sure that you are on…

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Five Reasons to Buy a House Now

Five Reasons to Buy a House Now

I have to admit I am a fan of home ownership. Why I waited so long to buy a home I will never know. Yes there are a lot of downsides and in some markets it might be prohibitive (e.g. Boston, NYC, San Francisco) which is why we moved to a large city, but the housing market is still reasonable. I know that there are still people gun shy from the 2008 debacle, but if you can I think buying…

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Finances and (In)Fertility

Finances and (In)Fertility

I hope if you will forgive this post as a bit of a ramble because I have a variety of things to say on the subject. This blog has been about my journey to pay off debt and achieve financial independence. If people learn from my mistakes or take my advice and it helps them then it has been all worth it. However, I have alluded to a couple of topics that I haven’t covered in other posts. Topics that…

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I Enrolled in Public Service Loan Forgiveness

I Enrolled in Public Service Loan Forgiveness

On this blog I have chronicled how I have been trying to right my financial ship over the past two years or so. I bought a house, save for retirement, and try to pay off as much debt as I can. I have stated that one of my goals is to pay off all of my consumer debt by the time I am 45. Moreover, I have expressed strong feelings about student loan forgiveness and the like.┬áPersonally, I feel a…

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Don’t Lose Your Dinosaur

Don’t Lose Your Dinosaur

One of the things I love to do is to watch movies that have sophomoric humor. I am 42 going on 5 and I don’t have a problem with it. One of my favorite movies is StepBrothers. I know it is dumb and totally sophomoric, but I still love it. A couple of days ago TBS was running StepBrothers for the umpteeth time and I had to watch it. As I tuned into the ending (perhaps the best part) I…

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Financial Tip Friday: Don’t Make Hasty Financial Decisions

Financial Tip Friday: Don’t Make Hasty Financial Decisions

This post is directly related to something that I just did and then thought better of it. One of the things that I have preached on this blog is that mutual funds are the best way to invest. It is the only kind of investment I own. However, I fully admit that sometimes I can be prone to the idea of accelerating my financial independence and a get rich quick scheme or chasing investment returns. In fact that just happened…

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What To Do With a Financial Windfall

What To Do With a Financial Windfall

Today I had a conversation with a friend who, unfortunately, recently lost her father to cancer. Unbeknownst to her her father had set up separate insurance policies for her sibling, for her, and for his wife. Each person received a substantial windfall from his untimely death. Of course my friend would give the money back to have her father back. But what happens when you receive a sudden windfall? What do you do with this money? In some respects, it…

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