Goals
A Financial Resolution for 2008
As part of a contest at Cash Money Life to win an iPod, I have decided to make a personal finance resolution for 2008. Actually, I have two, because one of them may be out of my control.
What are my goals? First, to sell my house without a real estate agent this year.
This is [...]
My Three Personal Best and Worst Financial Decisions
Over the years I’ve done a few things right and lot more that’s wrong. Here are a few of each with relation to personal finance:
Worst Decisions
1) Checking Only
For several years of my early adult life my finances were extremely simple - my girlfriend (now wife) and I only possessed a single checking account with a [...]
Fed Cuts Rate Again, and I Don’t Care
Earlier this week the Fed slashed the Funds Rate another 0.25%., which means that savings account rates nationwide will undoubtedly begin another session of racing toward absolute zero. ING Direct seems to be leading pack, as their rate just dropped down to 4.2% APY.
Guess what? I don’t care. Ever since I simplified my setup, more [...]
Portfolio Simplification Begins
A couple weeks ago I mentioned that I was considering simplifying my financial life by putting more of my eggs into one basket. In my case, my financial “basket” is Vanguard, but I’m sure other companies (such as Fidelity, Schwab, or E-Trade) would work just as well.
Why Simplify?
First of all, why bother with simplifying? Right [...]
I Will NOT Succumb…
It seems like only yesterday that I launched InterestingMoney.com. Oh wait, March 2007 was not THAT long ago, so in the Grand Scheme of Things I might as well have launched the site yesterday.
Nonetheless, I know that InterestingMoney has finally hit the Big Time. You know how I can tell? I received my first [...]
Do you have $1 to spare? Start Saving Now!
One of my friends recently told me that he did not have any money saved - any money that he receives is immediately spent that month. Now, my friend is not in dire straits. He’s in his 20s, single, and has a modest income. One look at my friend’s designer shoes and ever-changing wardrobe will [...]
Site Goals
Alright, so my goal for this site is to keep track of my journey toward financial freedom. What is financial freedom? Good question. The answer varies, of course, but one answer is the ability to live comfortably off one’s interest earning without touching the principle investment. This is a lofty goal - one that I [...]
