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More House Repairs

More House Repairs

In earlier posts I alluded to some home repairs that need to be done. Over the past two years, we have done small things to our house. We have replaced our dishwasher, refrigerator, dryer, remediated mold from a water leak, and added insulation. Plus, we bought all new furniture for the house, refinanced our mortgage, and tried to figure out our future house repairs will be. Our latest home repair is something we have been talking about for a while and…

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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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Some Basic Travel Tips

Some Basic Travel Tips

Yesterday, we returned from South Africa. I learned a lot from the trip both good and bad. I do promise a summary of some of those lessons in the future, but it has been over a week since I last put up a blog post. So I thought I would share with you the travel tips I gave the students BEFORE we went to South Africa and then offer a couple of lessons from these tips. Some of these tips…

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Holiday Hiatus and Guest Posts

Holiday Hiatus and Guest Posts

Well it is the holiday season again and if you are like me you are overwhelmed with family visits, trying to catch up on sleep, and even work. For me, this season is especially stressful because I don’t really get a break. I just drove back from seeing my family in my home state. While it was great to see everyone I felt like I had to cram everyone into a short time frame and really didn’t get to enjoy…

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Financial Tip Friday: Don’t Cash Out Old IRAs or 401ks

Financial Tip Friday: Don’t Cash Out Old IRAs or 401ks

Finally, another edition of Financial Tip Friday. Sorry I have been away from these, but this semester has been tough emotionally for Mrs. ROB and I. However, things are getting better so I hope to write a lot more posts on this blog. Right now there are thousands of Americans who have switched jobs and have left their old retirement accounts at their previous employer. Many people are unsure of what to do with those accounts. Those same people might…

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Cutting Our Mortgage Costs Further

Cutting Our Mortgage Costs Further

Over the past two months I have been able to save our family about $20,000 in interest costs, shorten the terms of our loan, get a lower interest rate, and create a bit more equity than we had before (you can read about those posts here, here, and here). In doing so, our mortgage payment only went up about $35. The terms on our new loan are 12 years, 2.875% interest rate, $1290 payment, with a balance of $155,150. Before we…

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Americans Love Keeping Score

Americans Love Keeping Score

A couple of Saturdays ago I was listening to the Ric Edelman show on the radio as I drove to the gym and he said something that really stuck with me. He noted that Americans favorite pastime is keeping score. It isn’t baseball, football, hockey, or shopping, but it is keeping score in some way shape or form. And as I thought about it I think he is totally right. Think about how we keep score on a daily basis….

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Financial Literacy Month Challenge

Financial Literacy Month Challenge

April is Financial Literacy Month and Americans, including myself, are pretty woeful when it comes to their knowledge about personal finance. According to a USA Today article 46% of Americans are in constant financial insecurity.  Part of that financial insecurity is not only income because plenty of people receive windfalls and/or make a lot of money and are financially insecure but that insecurity comes from a lack of knowledge. So in honor of Financial Literacy Month I am issuing a…

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90 Days to Being Debt Free

90 Days to Being Debt Free

Ok, I admit that the title is a little misleading. I am not going to be totally debt free in 90 days. However, I currently have a plan to pay off my personal loan/2nd mortgage in 90 days. That debt currently stands at $9276. Tomorrow, I will be sending in a payment of $2100, which will take the loan down to just over $7100. Regular payments over the next 90 days brings it down to about $5700. So where do…

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Afford Anything But Not Everything

Afford Anything But Not Everything

Unfortunately that little gem of a title is not my work. Instead, the title for today’s post is the motto over at the the blog Afford Anything by the brilliant Paula Pant. Paula’s blog will teach you a lot, but the most important piece of information that comes from it is that brief motto. Embedded in those five little words is the notion of priorities and sacrifice. First, you have to figure out what the specific priorities in your financial life?…

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