What’s Next?

It seems like life has been a little bit “two steps forward, one step back” here lately. I’ve been working for the past year (+) to get my house ready to go on the market. I’ve made a ton of progress, but I’m not nearly as far along as I’d like to be. It seems like the harder I try to …

Net Worth Update – May 2014

I’m a few days early on my net worth this month. Mainly because I wanted to get something posted today, and calculating my net worth was something quick and easy. And, being the end of the week, a few days really isn’t going to make much of a difference. Overall, May was a pretty good month. I’m down $1,748 overall. …

What’s Your Retirement Dream?

A few weeks ago, our office celebrated the retirement of a coworker, M. It was a bittersweet event. At 73 years old, M retiring was not unexpected. Nor was it unprepared for; M was known for being frugal, cautious, and an avid saver. When M reached 70 1/2, he continued making contributions into his 401k, even though he’d reached the age of required …

Perception vs. Reality

They have more money than God. It’s a statement that the boyfriend makes frequently, when talking about this old-timer, or his ex-in-laws, or that person. When his parents needed money to pay the overwhelming heating bills this winter, he was shocked when several of his siblings scoffed at chipping in even $100. “They have more money than God. I mean, …

How do I Compare?

I was browsing articles on the internet yesterday when I came across an article on Los Angeles Times with the headline: Median Net Worth of Grads Under 40 with Student Debt is Only $8,700. I’m a college grad, under 40, with student debt. And, as of April 30th, my net worth was $8,771. Wow! I am the median; 50% of …

Enjoying the Sunshine

I realize I’ve been extremely lazy about the blog; I haven’t posted anything in over a week! Yikes! It’s a combination of laziness, busy-ness, and the fact that, financially speaking, there isn’t too much going on right now. Now that the weather is getting nicer, the construction business is in full swing. That means I’m super busy at work. Honestly, …

The 401k

Alright, time to come clean: I stopped contributing to my 401k. Trust me, it wasn’t an easy, straight-forward option. I’m still not 100% sure it was the right decision. But, it’s the decision that I made for now. The biggest reason for stopping my 401k contributions is because I’m trying to focus all of my attention on debt payoff. The bathroom …