So yesterday I got to thinking about how I would be impacting my retirement account by taking out the $2000.00 for the emergency root canal procedure I bought myself yesterday. How would that money have worked for me over the next 40 years till retirement? Well, if I would have just had that $2000.00 and [...]
So I decided to try out Flexo’s monthly expense template, and it isn’t looking too promising for me this month. I’m doling out more than I am taking in this month. Off the top, that sounds like it is bad, but really it isn’t TOO bad. I figured my cash allowance was high this past [...]
UPDATE! AGLOCO CALLS IT QUITS! How long have people asked this question? I suppose since the beginning of money. I certainly have had my fair share falling for scams. Without a big investment you’re kind of limited in your options. I have never had a lot of cash to work for me so I have [...]
Climbing out of debt can be hard, but it is certainly possible. I initially started searching Personal Fianance Blogs a year ago to find a way to climb out of debt myself. RedCouch hosts a blog and isn’t so sure about them, but they’re thriving and helping now! There were not as many as there [...]
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 in my [...]
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 [...]
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 [...]
This question is another tricky one because it depends on who is asking it. If you’re 18 and asking this question, well, I’d say you’re starting off right by asking, and if you are putting away 10% – even if you’re only making $20,000 per year, you’re saving $2,000/year and in 50 years you’d be [...]
I’ve had 2 posts worth of BAD investing decisions so far (1, 2). I didn’t want people to think I’ve not made any GOOD decisions, because I have, just not as many yet. I’m still young, had no financial education, and had some bad financial advice early in my career. But I’m riding the wave [...]
I thought I had some good points to contribute, and stories to tell even though I’m nowhere near retirement. I really have had a few bad investment mistakes along the way, and I’m sure I’ll run into more in the future, but that’s one of the points of MyInvestingBlog.com – figuring this stuff out! The [...]
