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When you have finished paying off student loans, it is time to start building your wealth. It’s also time to achieve some of life’s most important milestones. But first, I want to talk about the negative effects that student loans can have on your future. There are many people that go to the bank to buy a home with tens of thousands of dollars of student debt on their shoulders. The loan officer looks at

10 Years Later

Posted by thefinancialjourneyman on August 11, 2017
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Category: Family, Milestones
This week, my wife and I celebrated our 10th wedding anniversary.  It had a surreal feel to it.  It is hard to imagine that 10 years have gone by.  In all honesty, it has gone by in a flash.  This post is a brief review of the past 10 years. Our Wedding day My wife and I were married on August 10th, 2007.  It was the best day of my life.  Sorry, if I sound cliché, but it was the day I
While reaching early retirement is my goal, it might not be suitable for everyone.  On the other hand, the goal of reaching financial independence should be the focus of everyone during their working years.  Even though most careers seem to drag on forever, the amount of time that we have available to work and save money is truly finite.  Everyone should have the goal of saving enough money to cover at least 25 years of
  The first time I took on debt was the spring when I graduated from high school.  When I was a senior in high school, I was not 100% sure what I wanted to do with my life.  I knew that I would ultimately attend college, but I was not mature enough yet at the age of 18. After talking about it with my parents, we decided that I was going to work for a year or
In February, I attended my first Bogleheads chapter meeting.  It was a long drive.  I drove over 100 miles to the Philadelphia meeting in King of Prussia, Pa.  I have been a follower of the Bogleheads.org forum for many years and have spent countless hours reading the Bogleheads.org forum. The Bogleheads take their name from John C. Bogle who founded Vanguard in 1975.  He created the Vanguard 500 Index Fund (VFINX).  The Vanguard 500 Index
I learned about money from my Grandmother.  I was a precocious kid.  As an only child, I spent a great amount of time with adults.  The adults in my life had the tendency to try to have dialog with me as if I too were an adult.  Friends from school would come over to my house to play quite often, but I remember spending a great amount of time with my Grandmother. My Grandmother owned
Yesterday, when I was checking the mail to see what type of junk the postman delivered, I noticed a letter from Sirius XM Radio.  When I opened the letter, it was for my subscription renewal.  I have the Sirius XM All Access Plan.  The total that I owed was $273.  That was for the base price of $239 and $34 for a music royalty fee. Wait, I know what you are thinking.  This guy has a blog about personal finance
INTRODUCTION You cannot manage a household or do much of anything in this world without the input of money. There are so many people who lack the financial means to live and enjoy a high-quality life.  Money is what stands in the way of them acquiring their needs or wants. When there is a problem, various solutions will be thrown up. Welcome to the world of Peer-to-Peer Lending (P2P). DEFINITION Peer-to-peer lending is legal and
Can you travel when you have credit card debts? Some individuals will say this is a bad financial move. You should think about saving money instead of planning a vacation. You need to think about the ways to pay off debt. But is it true? Let’s find out. I don’t feel that it’s irresponsible to travel when you have credit card debts. You can travel and pay off debt simultaneously. You just need to be
“A man who conquers himself is greater than one who conquers a thousand men in battle”. - Buddha As of late, I have come across the topic of locus of control a couple times.  During a strategic planning meeting at work, the Vice President of HR mentioned that we need leaders who have an internal locus of control as part of the committee that will be implementing our new strategic plan for our health care