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Month: March 2017

March 2017 Debt Repayment Update

March 2017 Debt Repayment Update

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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My Public Service Loan Forgiveness Presentation

My Public Service Loan Forgiveness Presentation

Over the past couple of months I have attempted to add credentials to my knowledge of personal finance. A couple of months ago I enrolled with the National Financial Educators Council to become a Certified Financial Education Instructor. At the same time, I also began doing some counseling and work with individual colleagues of mine regarding Public Service Loan Forgiveness. One of those colleagues encouraged me to do a presentation for a larger faculty body on our campus. Today was…

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Paying Off the Mortgage as a Debt Safety Net

Paying Off the Mortgage as a Debt Safety Net

The past month or so I have been dealing with a lot of numbers in my head and not in a good way. For the first time in over a year I have gone back into credit card debt and now have to dig my way out because of unforseen expenses. I also admit that I am probably getting a little debt fatigue. It seems like I have been battling this forever (even though it has only been a few…

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Two Steps Forward, Three Steps Back

Two Steps Forward, Three Steps Back

Over the past two years or so I have chronicled my efforts to pay off almost 260k in debt. I think I have done an ok job trying of trying to pay down debt. I have paid off over 50k in the last two years about 10% of the total each year. I also have been doing pretty good in staying OUT of credit card debt. I do have a rewards card that I use, but I have paid it…

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Getting Credit–A Rant

Getting Credit–A Rant

Based upon the title you would think this post is about getting credit for a credit card, a mortgage or otherwise. What I am talking about is getting credit for something that one should do anyway. In other words, why do people expect to get “credit” for things they should just automatically do. What set me off on this rant is that one of the things I hate about teaching is the grading. I don’t know any teacher that really…

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Our Overstock Mattress–A Great Investment

Our Overstock Mattress–A Great Investment

This post was inspired by the fantastic blogging couple the Frugalwoods. If you want to take inspiration about how to live a frugal lifestyle, but do it with some verve and inspiration their blog is pretty awesome. Anyway, a few weeks ago they provided an update on their “Amazon” mattress. They got a fantastic deal on a king-size mattress and only paid $279 for it. Mrs. ROB and I did not get the same deal as the Frugalwoods, but we…

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Neighborhood Real Estate Observations

Neighborhood Real Estate Observations

I have a couple of friends of mine who are actively looking for a house. I actually have been helping them out a bit by using what I learned when bought our house and some additional lessons I have learned. When helping my friends look for houses I noticed some things in our own neighborhood that I think are reflective of some national trends. Prices for starter homes are rising faster than those for the “next” house. Now this might…

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Are You “Retirement Free”?

Are You “Retirement Free”?

I don’t know what it is lately but I have been reading and writing a lot about retirement, even though I have no plans for retirement any time soon. This past weekend I had a great time talking with a couple of colleagues about retirement, finance in general, and our discipline. I get a high off of helping others, talking about these items and I am not sure why. Now what does this have to do with this post. Well,…

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What is Your FIRE Number?

What is Your FIRE Number?

In the title of this post some of you may not know what FIRE stands for. FIRE stands for Financial Independence, Retire Early. Well in the personal finance blogosphere one of the big things is determining when you can achieve financial independence (e.g. what date, what amount you need, etc). Since I began writing this blog just over 2 1/2 years ago I said that I had three goals: To track my debate repayment progress. To hold myself accountable to…

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Financial Tip Friday: Do You Need A Financial Adviser?

Financial Tip Friday: Do You Need A Financial Adviser?

Yesterday on the way home from work I was listening to a fascinating interview on NPR with the author of the book Death of Expertise. I went out and immediately ordered the book. The interview sparked a number of questions about anti-intellectualism in America, the fallacy of reasoning by anecdote, the lack of trust in our institutions, etc. It is also got me thinking about personal finance and how many people actually seek out financial advice from a specific expert? If…

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