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Month: August 2017

What Are Your Financial Dream(s)?

What Are Your Financial Dream(s)?

I hope that all of us dream a bit. We dream of becoming a world star athlete or the President of the United States (ok, maybe that is only me). Maybe we dream about becoming an actor or someone who was featured on MTV Cribs. We all, hopefully, have dreams that can be grandiose but potentially could happen. Last week I asked what you would do with an extra $100,000? So this week I want to ask what is/are your…

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Financial Tip Friday: Don’t Take Financial Advice from Broke People

Financial Tip Friday: Don’t Take Financial Advice from Broke People

The title of this post seems like it should be self-explanatory. We shouldn’t take financial advice from people who don’t have any money. However, do you know someone who tries to give everyone advice even when they don’t know much about that subject? Have you ever taken financial advice from someone and later regretted it? Do you listen to people who you shouldn’t listen to, including loved ones? I am sure all of us have answered yes to one of…

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What Would You Do With an Extra $100,000

What Would You Do With an Extra $100,000

Every year Money magazine has an issue or a specific article or two dedicated to the idea of what you would do with an extra $1000, $10,000 or $100,000. It is easy to think about specific things we would do with an extra $1000 or $10,000. In fact, most of us might actually do one thing. For example, if I had an extra $1000 I would probably just save it or pay down some debt. I wouldn’t divide up the…

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An ROB Household Dirty Budgeting Secret

An ROB Household Dirty Budgeting Secret

Generally, Mrs. ROB and I are somewhat financially healthy. We have money in investments, our home will be paid off in 10 years (if not sooner), we generally have more money coming in then going out, but we also live paycheck to paycheck like most Americans. Part of this is because Mrs. ROB’s income is a little unusual because she works at multiple campuses. Mine is more steady, but I do make more money during the summer doing extra duties,…

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Don’t Raid Your Retirement Accounts

Don’t Raid Your Retirement Accounts

Let’s be honest, we all run into a bad patch financially once in a while. We might lose our jobs, have extra expenses that we didn’t see coming, increased debt because of an illness or death in the family or sometimes we just plain overspend. In these situations, our immediate impulse is to get out of the jam as quickly as possible and if we don’t have the money saved in an emergency fund one of the impulses that people…

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Best Mutual Funds for Socially Conscious Investing

Best Mutual Funds for Socially Conscious Investing

This blog has truly been an adventure. Originally, I started this blog to keep myself in check and track my progress to financial independence. I have been somewhat successful over the past few years in reducing debt and increasing my overall net worth. A wonderful side benefit of this blog is that I get e-mails asking for my advice. Those e-mails have increased over the past couple of months. Now it isn’t a lot. I get maybe 10-15 per week…

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I Quit Drinking Soda

I Quit Drinking Soda

A few months into this blog I started doing different monthly challenges. For example, I would challenge myself to finish an article, go to the gym, etc. You can read some of them if you would like. However, I got away from them because well I just didn’t feel like posting them anymore. While those challenges were often about personal finance they were often about health and fitness as well. The truth is that I am an overweight, 43 professor,…

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Building Wealth? Own a Home

Building Wealth? Own a Home

I have written on this blog a number of times about my housing blues. We have certainly done our share of home repairs over the three years we have been home owners. In fact, I think we have spent at least $15000 in just the past three years on new insulation, appliances, mold remediation, and other small items. That, of course, doesn’t include buying furniture and other things we did to our house. There are also all kinds of future…

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Thinking About Law School? Rankings Matter

Thinking About Law School? Rankings Matter

Over the next couple of months I think I am going to write a few blog posts on college education in America. This comes certainly from my perspective, but I have been a college educator for over 2 decades now and I have worked closely as a transfer and first-year academic advising fellow (in addition to my teaching duties) for the past 5 years. Therefore, I have given hundreds of presentations to students about what to expect in their undergraduate…

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