I had a question posed to me this week about 401k loans, and whether they were a good idea. The person said they were considering using a 401k loan to pay off some higher interest credit card debt. The rationale behind doing this was that they’d rather pay themselves interest than the credit card company, […]
Happy Veteran’s Day!
Happy Veteran’s Day everyone! To all of you veterans out there who read this blog, I thank you for your service. Today I remember my grandfather, Fred Anderson and his service to our country in World War II. He was shot down over Europe, and spent much of the war in a German prison camp. […]
How to Lose $100,000 in Ten Easy Steps
Having money can really change your life. Suddenly receiving $100,000 can really change a person’s life. It sure changed mine. In 2002, both my grandmother and father died, which left me with an inheritance of around $100,000. Six years later, all of that money is gone. So how can a person go from $100,000 to […]
7 Things You Shouldn’t Do In An Economic Crisis
Our economy is in a downturn, investments are tanking, and every day the market reaches new lows. It can be hard to stay focused through it all and not panic. Unfortunately it seems like most investors in the market HAVE panicked already, and their fear is self-fulfilling. They’re afraid the market will tank, so when […]
Question: What’s The Best Financial Advice You’ve Received?
credit: laughlin Tagged! Over at freefrombroke.com I was tagged yesterday to answer the following question: What’s the best financial advice you ever received? That’s a tough question, and I’m not sure how to answer it. I guess I really can’t remember ever receiving any amazing financial advice from my parents, or those around me. […]
Is Your 401k Losing Money? DON’T PANIC!!!
With the economy in the middle of a giant plunge, it is getting harder and harder not to feel a little panicked when you watch your 401k balance drop by $10-20,000 or more. In the last 6 months my wife and I have watched our 401k do just that. A poll on CNN Money says […]
House Passes $700 Billion Bailout Bill
After going down to defeat earlier in the week in the House, the second version of the bailout bill was passed today without a problem: The House of Representatives passed a sweeping, $700 billion economic rescue package after reconsidering the measure it failed to green-light earlier this week. The vote was 263 to 171, […]
Our Cruise Was the Trip of a Lifetime! (Photos Included!) Part 3
Santorini, Greece After we sailed from the port at Naples, Italy, we headed on a course towards Santorini, Greece. Santorini, in case you have never heard of it is a beautiful little volcanic island that is known for its beautiful white buildings, and amazing ocean sunsets. The main island that we visited is shaped like […]
Senate OKs $700B bailout
A few days after the House rejected a similar $700 billion bailout plan, the Senate on Wednesday gave approval to a similar but slightly different bailout plan. The new plan which now includes several other measures meant to sweeten the pot and bring some members who previously voted the plan down to the table, should […]
Bankruptcy, Not Bailout?
Many are saying that if we don’t come up with a bailout package, that the economy will crash because of the lack of credit available to companies and consumers. Others are saying that a bailout of struggling companies by taxpayers isn’t a good idea either, and that a plan involving insuring the troubled assets would […]
House Defeats $700B Financial Markets Bailout
I was eating my lunch this afternoon when I saw something that surprised me. The $700 billion bailout package moving through congress was defeated by the house today. I can’t say I think the bailout package is a great idea, but I am surprised that it didn’t pass: The House on Monday defeated a $700 […]
Our Cruise Was the Trip of a Lifetime! (Photos Included!) Part 2
Florence and Pisa, Italy After leaving the French Riviera our cruise ship headed down the coast towards Italy. We pulled into an Italian port and promptly disembarked. We were on a 8 person tour van for our tour of Pisa and Florence. Our first stop was Pisa and the leaning tower that has made the […]
Our Cruise Was the Trip of a Lifetime! (Photos Included!) Part 1
A Year In Planning My wife and I, along with her parents, have been planning on going on a Mediterranean cruise for the past year or so. My wife and her parents had never been to Europe, and for all of us taking an extended vacation in Europe was a lifelong dream. Last year we […]
Are You Tithing Enough?
I‘m a relatively new Christian and have only begun tithing a full %10 of my gross income since the beginning of the year. This has been one of the best things that I’ve ever done and if you’re interested in the story of how I came around, read it here. But just the other day, […]
