Retiring on the One-Million Dollar Myth

Retirement, Daily Finance, One-Million dollars, money

I recently read an article on Daily Finance that posed the question of whether having one-million dollars was enough to retire.For many, one-million dollars is perceived as being the classic bench-mark of finally having enough money to retire as well as a symbolic goal for finally “being rich”. But as you can expect, the article posed several questions about whether retiring on one-million dollars had become a myth. Would it be enough to retire or stop working altogether?Where Does One-Million Dollars Get You?Perhaps it’s a sign of the times that our expenses have gotten out of control. Or maybe our society just simply “thinks” they need too much to live comfortably. Either way, we can explore this situation a little further. … [Read more...]

Which Is Better – Paying Down Your Auto Loan or Mortgage?

Mortgage, auto loan, car loan, interest, debt

When it comes to debt like credit cards and other high-interest loans, these are no-brainers! Pay them off as soon as possible so you don’t spend the rest of your life paying for the growing interest on them.Whenever I think about my own debt situation, there are always two major ones that come to mind: My auto loan and my mortgage.Although they seem similar, these two can be somewhat tricky to compare. Paying one off before the other can have profound implications on the amount of interest you’ll ultimately pay, the number of years you’ll be scheduled to make payments, and a variety of other considerations.The DecisionSuppose you just received a pretty sizeable amount of money. Congratulations! But now what should you do … [Read more...]

It Pays to be Assertive

Negotiation, Assertive

Every once in a while, I’m reminded how being assertive really pays off.For me, being assertive is really just a strategic way of being aggressive. The end result is still the same – I don’t take “no” for an answer. But I accomplish it with the right mix of psychology and candor.If you’re afraid of conformation, consider these stories: … [Read more...]

Browsing for Stocks – January 2012

Stocks, dividends, Apple, Mattel, Chevron, Aflac, Olin Corp, Applied Materials, AT&T, CNN Money, BigSafeDividends, Charles B. Carlson, The Little Book of Big Dividends, The Big Secret for the Small Investor, Joel Greenblatt, Value Weighted Index, Return on Assets, ROA, Dividend Yield, PE Ratio, Earnings Growth

It’s a new year and I’m optimistic that new opportunities are out there. In keeping with that enthusiasm, I’d like to add a few more individual stocks to my portfolio.Traditionally, I stick with mutual funds to stay diversified, keep my costs down, and avoid the turbulence of the market. However, last year I had a great time with Apple (AAPL) (up 26% from my initial purchase) and I’m hoping I can use the same care and attention to pick another winner.Going After DividendsAs part of my ongoing initiative to add passive income streams, I’ve decided that my next set of stocks should be dividend stocks. There are a lot of reasons why to look at dividend stocks for my next purchase: … [Read more...]

Is Your Job Awesome?

Career, jobs, benefits, perks, Fortune, CNN

Does your job have outstanding perks?Fortune just released their 2012 list of the “Top 100 Best Companies to Work For”. These companies offer everything from big paychecks to free gourmet food to good-ole classic job security!Here are the Top 10 of the list and their headlining benefits.  You can also checkout the entire list here. … [Read more...]

How to Budget – Download My Excel Budget Template

Budget, budgeting, money, money management, saving, expenses, income, Roth IRA, 401k, 401(k), 529, Mint.com

In the preceding chapters, we've covered quite a few strategies for successfully creating a budget that will work for you.  Now enough talk!  Let's put the pen to paper and get down to business!As promised, here is the last post in the series containing my free Excel budget template.  If you've got Microsoft Excel installed on your computer, then you should be in good shape.  The file was created in an older version of Excel so it should open with no trouble.  … [Read more...]

How to Budget – Making It Easy with Mint

Budget, budgeting, money, money management, saving, expenses, income, Roth IRA, 401k, 401(k), 529, Mint.com

At many times throughout this series and especially in Part 2, I told you not to worry just yet about your individual credit card purchases and to treat them all as one “big category”. The reason I did this is because I didn’t want our lesson to get hung up on analyzing credit card purchases to death.You have a lot of other bills besides a credit card, and most of them are fixed each month. As we’ve already shown, knowing what you’re going to spend each month versus what you’re going to take in is extremely helpful in creating a budget.But in no way does this mean that we should ignore your credit card purchases. In fact, hitting the credit card category is the first place I usually look to cut my spending and re-direct the money … [Read more...]