I am 28 years old and I have limited, but learning comprehension of how investing works. I wasn’t taught my my parents, I wasn’t taught by my school, I wasn’t taught by my friends. I came into learning about it more forced than anything else. I went backwards from the standard: Date–>Marry–>Save/Invest–>House–>Child.
I went Date–>Child–>Marry–>Child–>House–> Save/Invest. [...]
Nov 08, 2009 | 0 comments | View Post
So in my last post I mentioned a new and improved way I was planning on calculating my net worth. The general consensus says that the mortgage is the liability and the house is the asset. People seem to be getting hung up on the fact that you’re not comparing apples to apples. You’re comparing [...]
Nov 07, 2009 | 0 comments | View Post
Where to start with this one – lets start with a few of the folks I’ve seen post on it already – Flexo, LazyMan, Jim, Matthew, Smith Financial Place, MyMoneyBlog, Associated Content, FreeMoneyFinance, Canadian Capitalist, MoneyMonk, Crazy Engineer, Yahoo!, Watson Inc, Project Senso, Google Forum, just to name a few.
Let me precursor this with the [...]
Nov 06, 2009 | 8 comments | View Post
Like everyone reading or writing personal finance blogs, I’ve made my fair share of investing mistakes, specifically get-rich-quick schemes. Clearly we all want to make a fast buck when we’re young, that’s all we see on TV! But it is something really you have to fall for at least once (or 4 times [...]
Nov 05, 2009 | 0 comments | View Post
So where did I learn to invest? Nowhere in particular. A lot of Personal finance blog reading, random quips across the internet. A bit through my financial advisor; Edward Jones, which I have had about 12 different reps there in 8 years. High turnover apparently – So I also recently finished up “Rich Dad Poor [...]
Nov 04, 2009 | 7 comments | View Post
I have a $500,000 whole life insurance policy with Hartford Mutual that I pay $200/month to keep up. $8.50 goes to the administrative fee, $100 for the actual coverage itself and the remaining $90.00 goes into the mutual fund. I’ve had it for about 4 years now and I have almost $8,000 in the mutual [...]
Nov 03, 2009 | 9 comments | View Post
My mother, bless her heart, has “some” idea of how investing works. She has a basic idea of how compound interest works, but has no $ to put to it. She makes a small income enough to make ends meet at the end of each month. She knows that she SHOULD invest, but doesn’t know [...]
Nov 02, 2009 | 0 comments | View Post
So since January 2008 I’ve been on the phone bi-weekly with both Wells Fargo and GreenTree Servicing (My loan was sold from National City Bank in June) and have to toss some dirt in the face of both companies. It’s ridiculous how much time and effort they’re putting into keeping RESPONSIBLE buyers out of the [...]
Oct 14, 2009 | 2 comments | View Post