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Category: Investing

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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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…

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Teachers Unite: One Leg to Stand On

Teachers Unite: One Leg to Stand On

34 months ago I started this blog to tell the world about my personal finance journey. I hoped that my story of monetary stupidity would help others not make the same mistakes I had made. This blog also became a way of keeping myself accountable with specific goals and the like. But a third reason, which I haven’t talked about a lot, that I decided to start this blog is that I didn’t see a lot personal finance blogs that…

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Let’s Talk About Target Date Mutual Funds

Let’s Talk About Target Date Mutual Funds

The wonderful bloggers over at Millennial Revolution had an excellent post last week they entitled “Is Too Much Freedom Bad For You?” Personally, I think the answer to that question depends on the person. Politicians constantly promote the idea of freedom. More choices will drive down the market. The amount of choices we have on the internet is fantastic. The amount of television shows makes this a great time to be a fan of TV. That maybe true in the…

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Should I Invest in Real Estate?

Should I Invest in Real Estate?

*This post is updated from its original posting about six months ago. I have been thinking about buying real estate to add to my portfolio. I thought a multi-family home next door to us would come on the market as a foreclosure, but that isn’t going to happen. So I have been thinking about how else, if at all, do I get into real estate. So while this was a thought experiment 3 years ago I still think about it…

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How to Evaluate Mutual Funds

How to Evaluate Mutual Funds

Last week I talked about strategies I try to use to conquer the fear of missing out. Part of that post was focusing on staying the economic course. Part of my course is a focus on buying cheap, index funds. In fact, many personal finance bloggers (it might be most, but not all) also adhere to this rule. Warren Buffett has even argued his financial advice to people would be to stick their money in a low-cost index fund. I…

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Earmark Extra Income Ahead of Time

Earmark Extra Income Ahead of Time

One of the favorite things my dad would always tell me was that when I had money it was “burning a hole in my pocket.” And in some respects that was/is true. I remember using my allowance to buy toys, food, and games or other items. I don’t remember saving a lot of my money as a kid. I mean I had a savings account, but when I went to college I had enough money for spending money, but that…

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My Advice to New College Graduates: Live Like a College Student

My Advice to New College Graduates: Live Like a College Student

The end of the school year is always bittersweet for me. On the one hand, I get to watch several students graduate who I have become close with over the past few years. On the other, my world is much sadder that they are gone. It is also the time when commencement speakers will offer all kinds of advice to upcoming graduates. So consider this my version of a commencement address to my students on personal finance. My Advice to…

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How To Protect Your Portfolio From a Big Stock Market Decline

How To Protect Your Portfolio From a Big Stock Market Decline

  Reader Note: From time to time this blog will post guest posts. Today I have a great post from Troy over at Market History. You can obtain more sage wisdom over at his blog. Markets adhere to cycles because the stock market is ultimately tied to the state of the economy. Economic expansions and contractions have cycles as well. Economic expansions in the U.S. have historically lasted 5-10 years. We are currently in year 8 in this economic expansion….

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Our/Your Savings Rate

Our/Your Savings Rate

  One of the things that financial planners and professionals constantly complain about is the low savings rates among Americans. The average saving rate in the United States is 5.7%, which is woefully under the 10-15% that people recommend you save for retirement/other things. In the ROB household, we are saving about 20-25% for retirement and I hope to kick that number up even further. However, is the 5.7% really the savings rate in America? How should we calculate it?…

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