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Category: Financial Goals

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,…

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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…

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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…

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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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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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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!…

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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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Should I Change My Investments for 2017?

Should I Change My Investments for 2017?

I am a big believer in socking away as much money as you can for retirement. If I could put 50% of my income away I would. However, I can’t because financially it would impede my ability to pay….well, my bills. However, I am able to put a nice chunk of money away every year and every year I try to increase it. For 2017, I am not trying to decrease the amount of my money I say, but I…

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