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What Would You Do With an Extra $100,000

What Would You Do With an Extra $100,000

Every year Money magazine has an issue or a specific article or two dedicated to the idea of what you would do with an extra $1000, $10,000 or $100,000. It is easy to think about specific things we would do with an extra $1000 or $10,000. In fact, most of us might actually do one thing. For example, if I had an extra $1000 I would probably just save it or pay down some debt. I wouldn’t divide up the…

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I Quit Drinking Soda

I Quit Drinking Soda

A few months into this blog I started doing different monthly challenges. For example, I would challenge myself to finish an article, go to the gym, etc. You can read some of them if you would like. However, I got away from them because well I just didn’t feel like posting them anymore. While those challenges were often about personal finance they were often about health and fitness as well. The truth is that I am an overweight, 43 professor,…

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Do You Have a Money Disorder?

Do You Have a Money Disorder?

All of us have some kind of problem with money. Some of us don’t have enough, some might have too much. Some might not manage it well. Some might not manage it all. People disagree about spending, saving, credit, how to raise their children with money, etc. Everyone has some potential issue with money. I ran across an article in Psychology Today a bit ago asking if people have a money disorder. I took the survey they give and almost…

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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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