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Category: Investing

Financial Goals for 2018

Financial Goals for 2018

Every year I try to hit different financial goals. If you go look at my last post you will see that I didn’t do the best with my financial goals for 2017. I accomplished a couple of them depending on how you measure them, but I would like to do a better job in trying to get our financial house in order. So here are my financial goals for 2018. First, pay down 10% of my debt. My debt currently…

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Should You Invest in Individual Stocks?

Should You Invest in Individual Stocks?

I have always been interested in personal finance and money. I remember I wrote a really crappy essay in high school called “Money Rules the World.” I would actually read about the stock price of my dad’s company in our local newspaper. Before I started college one of the professions I investigated was becoming a stock broker (I don’t think they even exist anymore). I watched the Dow Jones climb during the 80s and 90s and wished I could join….

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Public Employees: Use This Account to Supercharge Your Savings

Public Employees: Use This Account to Supercharge Your Savings

There are about 10 million or more employees in the United States that work for state or local governmental agencies. Those government agencies will often offer a pension plan and/or a traditional retirement plan like a 401(a) (note I didn’t say 401k there is a slight difference) or 403b. A lot of times these employers will mandate a contribution like 5% or 10% of your salary. However, that 10% contribution is lower than the recommended 15% put forward by many…

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Should You Invest in Cryptocurrencies?

Should You Invest in Cryptocurrencies?

One of the hottest things in finance today are cryotocurrencies. Cryptocurrencies are a digital, decentralized currency that it not tied to any specific country or anything. Satoshi Nakamoto, the creator of Bitcoin, wanted to create a digital cash system that was independent of different countries and the like. A cryptocurrency, like Bitcoin, works in the digital world in the sense that a network is created among people (now it is a lot of people) who say that this particular currency…

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What Is a Stock Market Crash?

What Is a Stock Market Crash?

For whatever reason I love watching really weird YouTube videos. Lately, I have been fascinated by people who claim that there are secret bank accounts held by the Federal Reserve that are in each of our names. Of course there are no secret accounts, but that doesn’t mean I am not fascinated by these videos and why people think this way. A corollary to these videos are those that are predicting doom and gloom in the stock market. These prognosticators…

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Why I Switched to Fidelity–Updated Post

Why I Switched to Fidelity–Updated Post

*Note: This post was originally published in 2014, but based upon the recent hullabaloo with TIAA-CREF I thought I would update it a little. This post is meant to generate discussion regarding the right investment provider with the right investment products for your personal financial situation. Choosing your investment provider is one of the most important decisions people make as they move to financial independence. I mentioned in an earlier post that I am not going to be “buying back”…

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At Least Get the Free Money!

At Least Get the Free Money!

If anyone stumbles upon this blog I hope that one of the lessons they will take away from it is the importance of investing. In fact, most personal finance blogs will probably have some kind of post(s) dedicated to investing. Those topics include how much you should save (see also here, here), what I consider to the be the number one rule of personal finance, not raiding your retirement accounts, not being afraid of a financial downturn, how to evaluate…

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Change the World But Use the System to Your Advantage

Change the World But Use the System to Your Advantage

I am privileged to have a job where I get to argue for a living. It is great. I get to have some really in-depth intellectual debates with colleagues and students from across the country. I often get into very intense conversations with my colleagues at my university. In particular, I have a colleague where we often debate the economy and retirement. We “argue” but it is always done civilly. And this person is one of my closest colleagues at…

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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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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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