Browsed by
Category: Financial Goals

Financial Goal by 50: Hit the Two Comma Club

Financial Goal by 50: Hit the Two Comma Club

I am sure all of you have heard about goal setting and how to reach your goals. I promise this post is not about that. There are all kinds of great advice about hitting your goals. That includes making them realistic, creating vision boards, starting with small things and working into larger items, etc. We all should try to have goals. I mean what is the point of life without having to live for some goal. And it doesn’t have…

Read More Read More

If You Can Afford a Vacation You Can Afford to Invest

If You Can Afford a Vacation You Can Afford to Invest

This post today is a response to a few comments I saw on different Facebook feeds and other blog posts regarding planning for retirement. The basic conclusion I received from these comments are two-fold: 1) they could not afford to put any money away for retirement; 2) they didn’t have the time right now to deal with the situation. And in that same vein, similar people were responding to different posts and articles about vacations and the like (e.g. where…

Read More Read More

Would You Live/Retire Abroad?

Would You Live/Retire Abroad?

I fully admit that I do a lot of daydreaming and fantasizing about the future. Probably too much. I mean one of my biggest issues is being more present instead of thinking and primarily worrying about the future. However, I really do like thinking about my potential financial dreams. This is also the time of year, summer, when things slow down for me. While I am still working, my schedule is a lot less structured. I am teaching, doing research,…

Read More Read More

Want a New Financial Future? Own Your Past

Want a New Financial Future? Own Your Past

In some respects this post is like a Dr. Phil episode. I fully admit I watch Dr. Phil every once in a while because I am fascinated by the stories. Frankly, if your life isn’t a Dr. Phil, Maury, or Jerry Springer episode can life be really that bad? The truth is it can, particularly financially. A lot of us make New Year’s resolutions regarding personal finance, but we don’t follow through with them for a variety of reasons. In…

Read More Read More

Are You Feeling Job Locked?

Are You Feeling Job Locked?

Do you ever get to a point in your career or your job that you feel like you are locked into it? You feel like you cannot leave, but you want may want to for a variety of reasons. I am not necessarily talking about myself, but I have had conversations with friends that as we get older we might want to do other things with our lives and/or we feel like we can’t do so because of the money/stability…

Read More Read More

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…

Read More Read More

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,…

Read More Read More

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…

Read More Read More

Being Normal Financially Sucks or Take a Different Financial Pledge

Being Normal Financially Sucks or Take a Different Financial Pledge

There are many things where I want it to be “normal.” I want to be a “normal” weight, which means I have to lose a few pounds (well more like 50). I want to have a “normal” family, which means having children. I want to own a home, which is normal. I want to go on a family vacation to Disney World, etc. However, when it comes to finances being a normal American for lack of a better word SUCKS!…

Read More Read More

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….

Read More Read More