Browsed by
Category: Money Management

What Would You Do With a Million Dollars?

What Would You Do With a Million Dollars?

I don’t know about you but I like thought experiments. I like thinking about different kinds of questions, dreaming about what you would do about them, and then how could you get there to make those questions occur. Earlier, I opined about what would you do with $100,000? I also like asking questions about how we define things. For example, questions such as what does it mean to be rich? broke? how much money should you save, etc, are all…

Read More Read More

2017 3rd Quarter Debt Repayment Update

2017 3rd Quarter Debt Repayment Update

The end of the 3rd quarter for 2017 has arrived and I guess it is time for another debt payment update. If you search debt payment updates you can find my previous discussions there. Here are my current totals at the end of the 3rd Quarter of 2017: 1) Mortgage: $171,025 168,780.16 166,320.16  162,762.77 161,020 $157,210 $155,120 $152,750$149,489 146,580 143,027 $139,885 2) Student Loan: $65,959.39  $65,188.58 64,427.07 63,657.24 63,392 62,903 $62,426  $61,910$61, 371 $60,800 $60,221 $59,617 3) Personal Loan: $27931.41  $25,401.80 $17,484.39 14,169.27 10,994 7,186 $0 4) Car Loan: $21,655 19,919 18,151 $16937 5) Credit Card 1: $3700 $1000 Total: $264,915.80 $259,113.61  $248,231.62  $240,589.28 $235,406 $227, 229 $217,546$210,860  $203,248 ($222,403) $216,439 This quarter I have paid off $5964….

Read More Read More

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…

Read More Read More

My Interview with My Strategic Dollar

My Interview with My Strategic Dollar

Hey everyone, A little while ago a fellow personal finance blogger asked me if I would like to be part of his interview series. The series is called “Dollars and Debts” over at My Strategic Dollar. Well, the interview came out today and if you are interested go over and check it out. I would also encourage you to check out Lance’s blog at My Strategic Dollar. It has some great information and he is just a really good guy….

Read More Read More

Guest Post: Tips on Financial Management for Everyone

Guest Post: Tips on Financial Management for Everyone

Disclaimer: From time to time I have some really smart people write guest post for this blog. I love having others contribute their ideas to this little corner of the personal finance world. Today, we have a guest post from Jennifer Scott (jenniferscott1390@gmail.com). Take it away Jennifer. Putting some time aside to manage your money can be such a beneficial pastime. In addition to helping you manage your bills and not having to live paycheck to paycheck, you can also…

Read More Read More

The ROB Blog’s Profits Revealed

The ROB Blog’s Profits Revealed

I got into writing this blog just under three years ago because I wanted a forum where I could write about my experience paying off debt and potentially help others with personal finance. Helping others with their finances had become an important part of my life as I was trying to improve my own. I also started this blog because my wife was tired of listening to me drone on about financial topics so this was a way for me…

Read More Read More

I Feel Like I Am in a Funk

I Feel Like I Am in a Funk

I wish the title of this post stated that I feel funky. As Mrs. ROB would say that wouldn’t work either because I have no rhythm at all, which is true. But I don’t know what it is lately, but I feel in a funk. I don’t feel myself. I feel trapped. I feel like I can move and/or go anywhere. I feel like my life is a bit out of control. Part of that is our continuing and ongoing…

Read More Read More

College Students You Need to Pay Attention to Your Finances

College Students You Need to Pay Attention to Your Finances

A meeting with a student today inspired this blog post. So I was meeting with this student who was wanting to add a 2nd major for her stay at my university. We got to talking and I asked her why did she want to have a 2nd major. She gave a pretty good reason. However, the more I looked and the more we discussed her future it was apparent that she didn’t need our major. In fact, she could graduate…

Read More Read More

Guest Post: Balance Your Social Life and Finances-10 Ways to Save Money When Eating Out

Guest Post: Balance Your Social Life and Finances-10 Ways to Save Money When Eating Out

*From time to time I will have really smart people (often much smarter than I am) write a guest post for this blog. Today, we have Adriana over at Money Journey Today. Adriana has an excellent post on how to save money when you are eating out (something we do too much of in the ROB household). Saving money and trying to be as frugal as possible on a daily basis can be a good thing. However, frugality can take…

Read More Read More

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…

Read More Read More