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Yes, You Need a Budget!

July 4, 2017


I’ve always considered myself pretty good when it comes to personal finance since I have most of the big stuff taken care of. I live well below my means, invest the rest, and have consistently been saving in the neighborhood of $40K-$50K per year for over a decade. Someone like me surely doesn’t need a […]

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How I’m flying international business class to Europe for (almost) free

April 5, 2015


One of the biggest costs of traveling is actually getting to your desired destination. An average roundtrip plane ticket to an overseas location in Economy class will cost you anywhere from a few hundred dollars to over $1,000. Is there a cheaper alternative to paying full price for airline tickets every time you want to […]

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$500K net worth: How minimalism and investing helped me get there

November 11, 2014


10 years after my savings journey began in 2004, I officially hit the halfway point of my $1 million net worth goal. Along the way, I’ve internalized two concepts that I believe were instrumental in helping me get to this point — minimalism and investing. Minimalism To me, minimalism is the philosophy of owning what […]

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Your retirement date: How Mint can help show you the year you achieve financial independence

January 20, 2013


In a previous post, I talked about the importance of tracking your net worth. Once you’ve set up automatic contributions into your various accounts (401(k), Roth IRA, taxable investment accounts) and set up a simple net worth spreadsheet, it’s easy to visually see exactly what your net worth is projected to be from year to […]

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$260K saved and officially an Average Accumulator of Wealth

January 20, 2012


As of today, my first net worth goal has been achieved. $260K saved. The breakout looks like the following: 41% – Taxable Account 37% – Thrift Savings Plan (Government 401k) 22% – Roth IRA According to the Millionaire Next Door, I am officially an Average Accumulator of Wealth. In the book, they give you an […]

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How to effectively track your financial goals

December 4, 2011

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Personal finance is a lot like working out. In order to see results, you need to be consistent. Also, just like physical fitness, it is important to have an idea of where you are and where you want to go. Having a long-term financial goal on a simple spreadsheet can help motivate you and provide […]

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Why losing $28K in the stock market doesn’t faze me

August 9, 2011


“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.” -Warren Buffett This month, my net worth decreased by approximately $28K. There are those who might believe […]

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Want to become a millionaire in 20 years? Hang in there for military retirement.

July 3, 2011


The military has a pension system that can’t be beat. For those of us who hang in there for 20 years, you receive an immediate annuity upon retirement. But exactly how much would you need to have saved in order to pay yourself an equivalent retirement amount? In order to find that out, we need […]

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Defining financial independence one expense at a time

May 28, 2011


True freedom comes from achieving financial independence. However, it can be hard to define what financial independence actually is. Is it some nebulous number like $1 million? How do you actually know when you’ve become financially independent? There is a simple way of determining this number and it can be done in pieces. When I […]

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Save money by renting textbooks

December 23, 2009


For those of you currently in school or pursuing an advanced degree, you know the pain of having to pay high prices for the purchase of textbooks.  No longer.  Rather than purchasing textbooks, consider renting them.  I am going to start off my next semester by renting the textbook for my class from  The […]

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