Category: Money

How I Purchased My First Real Estate Investment Property

I decided to invest in real estate because my wife and I were discussing how to fund our first baby’s college. She was only a few months old when we started a 529 Plan. However, I felt uncomfortable with that because it seems to me that the stock market is like a casino and values …

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Why Are Many Rich People So Thrifty?

Why are Bill and Warren so happy? Because Warren brought his BOGO coupon so they could get a free lunch at McD’s! Billionaire’s Bill Gates and Warren Buffett were on a trip together when they decided to stop and have lunch together at McDonald’s. Before they got to the counter, Buffett reached into his pocket …

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Protect Your Money Makers

This past weekend I traveled to see my in-laws, and I had a good conversation with my father-in-law while playing cards. I’d mentioned how I had almost hurt my hands, and he said to me, “You need to make sure you protect those money makers.” Hmm. It was interesting that he referred to my hands …

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Passive Income Streams: Feb 2017 Report

February sure did go by quickly, and not only because there was 28 days. I accomplished a big personal goal in February and read through all of Proverbs, which took a lot of persistence. In addition, I’ve been tracking on my half marathon training and been able to get log a number of good weekend …

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Six Benefits of Rolling Over Your 401k

This month I had on my list of monthly goals to rollover my 401k from an employer I left in 2011 to Vanguard. Last Friday I pulled the trigger after running into a number of hurdles that were preventing me from getting my 401k. These hurdles were: Spousal Consent Form – notarized letter with my …

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Should Life Insurance Be Mandatory?

Let me first start by saying that I come from a viewpoint that we probably ought to legislate (control?) behavior less in our society. Less rules about how folks ought to live their lives, the better. I believe we should own and be responsible for our actions and choices. That said, there are some things I realize that are …

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How to Get a Referral Bonus Before Joining a Company

This past September I left working as a contractor for a local small business after 5.5 years. It was a hard decision to leave such a great company and a CEO that valued people. There were a lot of financial and non-financial decisions in choosing to change jobs. Here are a list of things that played …

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What to Do When You Are Financially Stuck

New Years Resolutions are three weeks in our rear view mirrors and we are starting to realize that our resolutions are slowly becoming unobtainable. Our motivation is waning, and we are beginning to have this hopeless feeling. Like our lives are never going to change. “But we said this year is going to be different!” …

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10 Ways to Save Money on Your Electric Bill

Two weeks ago my sister and brother-in-law moved into an apartment, and were concerned about the cost of rent and the electricity bills. When they called the electric company they quoted them $150/month, but after they signed the lease the landlord said it was closer to $185. With their already constrained budget this makes it …

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Airbnb vs Traditional Renting: How the Two Compare?

Over the last three months as I’ve delved into doing Airbnb, I’ve realized there are a lot of advantages and disadvantages of it compared to traditional renting. What has been even odder is that the house I’m Airbnb’ing is sitting next to a house that has been vacant for four months while it awaits new …

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