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Month: June 2017

Financial Regret: Not knowing is Not an excuse

Financial Regret: Not knowing is Not an excuse

I used to think I was pretty cool. I had a financial advisor. It seemed weird to say because I thought only rich people had them. I would ask him about advice for where to put my money in my 401k. He would direct me where my private Roth IRA allocations were. Eventually, when I rolled my 401k into an IRA he managed that too. When our son was born he created a 529 for him and set up that…

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Allowance: The Anti-Deprivation

Allowance: The Anti-Deprivation

This article may contain affiliate links. Read our disclaimer. After we became debt free and we had a 6-month emergency fund we backed off a little on the gas. I was starting to feel deprived and it was hard to stay motivated. After reading some other blogs I found many people had fun money. Money to do whatever you want with. I suggested to my wife, Ms. Blue Ribbon, that maybe we should take an allowance. Nothing much, just $15…

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An Unexpected Gift –  #actsofkindness

An Unexpected Gift –  #actsofkindness

Let me tell you the story about a young couple that had no idea what they were doing. It all started when their son was born. Some may say his hair was as red as the character from Tom Thumb Mini Donuts at the MN State Fair… Shortly after coming home from the hospital in the dead of the night there was a cry from the small child. The parents woke with a startle…ok fine, the mother woke to a…

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Why I’m paying off the mortgage while saving for Early Retirement

Why I’m paying off the mortgage while saving for Early Retirement

The paying off your mortgage early vs. investing that money debate has been done to death. Everyone has heard the higher return on investment from the market generally outperforms a standard loan interest of around 3% argument. On the other side, everyone can sympathise with the idea of being completely debt free and having your own home. No mortgage sounds like the best thing since sliced almonds. (that’s the expression right?) Like a lot of other posts and the general…

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