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Month: January 2017

President Trump and Student Loans

President Trump and Student Loans

Donald Trump’s first week as president has caused a great deal of controversy. Trump has signed orders on national security, immigration, mortgages, the national security council, Obamacare and others. Moreover, the Republicans and Trump have a busy legislative agenda over the next few months as they attempt to repeal and replace Obamacare, change the tax code for corporations and individuals, crack down on immigration, and tackle foreign policy issues. Trump’s presidency will definitely impact all kinds of aspects of personal…

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A Debt Decision

A Debt Decision

A few days ago I posted my financial goals for 2017. I also reviewed my goals for 2016 and how I failed on about 1/2 of them. One of the goals for 2016 was figure out what to focus on. In other words, should I focus on paying down debt, saving for retirement, saving in general. I have a good deal of trouble of focusing on one specific item because I want to try to do things all at once….

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2017 Financial Goals

2017 Financial Goals

Normally, this post would’ve have been done in the first couple of days of the year but I hope you will forgive me as I have been a bit busy (and out of the country). So I thought I would set out some financial goals for 2017. However, before we get to that let’s review what my financial goals were for 2016. In a post last January, I stated the following goals: Pay off 10% of my debt—FAIL! I didn’t…

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My Ongoing Saga with Travel Insurance

My Ongoing Saga with Travel Insurance

About a week or so ago I mentioned that I believe that I will try to start carrying travel insurance when I go abroad. I still think it is a valuable item to have when you travel outside the U.S. However, I also mentioned in that post about a potential snafu that happened with the travel insurance that one of our students had. That snafu has actually got me on the hook for thousands of dollars. Let me explain. So when…

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Some Basic Travel Tips

Some Basic Travel Tips

Yesterday, we returned from South Africa. I learned a lot from the trip both good and bad. I do promise a summary of some of those lessons in the future, but it has been over a week since I last put up a blog post. So I thought I would share with you the travel tips I gave the students BEFORE we went to South Africa and then offer a couple of lessons from these tips. Some of these tips…

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Buying Travel Insurance

Buying Travel Insurance

I promise an updated post on our trip to South Africa, but the last week has been a bit hectic (if you want to see pictures go to this Facebook page). I encountered something I have never had to deal with before: using insurance while traveling abroad. This didn’t happen to me, but actually two of my students. As a precaution my university buys travel insurance for all of the students and faculty. It is normally just a precaution and…

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Greetings From South Africa

Greetings From South Africa

Well, we are into the 2nd full-day of our trip. Technically, we have been on this study tour for four days, but the first two days were basically traveling and flying into South Africa.  A colleague of mine and I are leading a group of 12 students on a study tour of South Africa, where we are interesting in questions concerning how South Africa has dealt with its past, while trying to build and sustain a democracy. We call the…

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Debt Repayment, Final 2016 edition

Debt Repayment, Final 2016 edition

Over the past year I have tried to track my progress of paying off debt in quarterly updates. At the beginning of 2015 I had a total of $264000 in debt which included three primary debts: our mortgage, a personal loan, and my student loan. My goal for 2015 was to pay off 10% of my debt, which I was able to accomplish. I was also able to pay off a huge tax bill and our HEAT loan for 2015….

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