2million's Personal Finance Blog

My Journey to Financial Freedom

October 1, 2005

Would a townhome make a good investment?

I have been watching the real estate in the area that my house is located in. I am currently renting a room from a buddy of mine and I don't have any weekend home improvement projects to work on. I'm...
Continue reading "Would a townhome make a good investment?" »

October 2, 2005

End of a belt-tightening month and I feel great!

September is finally over - I can't wait to crunch the numbers and see how I made out. I made an effort to reduce dining out expenses this month since all summer there have been lots of things going on...
Continue reading "End of a belt-tightening month and I feel great!" »

October 3, 2005

Picked up 3 new tires for my car

I have always felt I get screwed when it comes to maintaining on my car. This is in large part to my own ignorance.So when I decided I couldn't put off getting new tires any longer I thought I was...
Continue reading "Picked up 3 new tires for my car" »

October 4, 2005

September 2005 Net Worth Update (+$8,739)

Here's my net worth update for September. The increase is on track and I am closing in on my EOY goal of $205,000.   Aug-05 Sep-05 Change % Cash & Equivalent $ 5,317.73 $ 6,605.26 $ 1,287.53 24.21% Saving $...
Continue reading "September 2005 Net Worth Update (+$8,739)" »

October 5, 2005

Money Saving Tip: Ask them to keep your valve stems when you get new tires

After discussing my recent tire purchase with some coworkers I was enlightened of another way I could reduce the expense of getting new tires in the future. Apparently the new tire valve stems aren't really needed! I just assumed they...
Continue reading "Money Saving Tip: Ask them to keep your valve stems when you get new tires" »

October 6, 2005

Finally finished paying off my car loan! Whats next?

Well I have finally done it. After 4 years and $8250, I have finally finished paying back my parents for my car.Back in 1999, I came home from grad school for Memorial Day weekend to find my parents ready to...
Continue reading "Finally finished paying off my car loan! Whats next?" »

CF Results for Week 5, Picks for Week 6

Background on my bad habit.Recap of Week 5Previous Balance $424.37Trans DateWagerTo WinResultDescription9/28/05$10$8.33WonVT(-10) over GT (VT 51, GT 7)9/29/05$20$19.76LostClemson(-7) over WFU (WFU 31, Clem 27)10/1/05$5$4.76WonNavy(-7) over Duke(Navy 28, Duke 21)10/1/05$10.05$8.38LostUM(-20.5) over SFCurrent Balance: $407.41Net Deposit: $250, Current Profit: $157.41 (ROI 62%)My...
Continue reading "CF Results for Week 5, Picks for Week 6" »

October 7, 2005

Investing in Merck? Should you consider ShareBuilder?

I have recently been expanding my investment position for Merck. I have been participating in the Merck DRIP for a few years and it is one of my least favorite DRIPs because of the unfavorable fee structure.I have heard of...
Continue reading "Investing in Merck? Should you consider ShareBuilder?" »

October 8, 2005

Sent $250 to my Duke Energy DRIP

After doing some homework I thought it was time again to start investing in Duke Energy. Some highlights that led to this are:-I noticed the other day that Duke Energy was rated a 'Strong Buy' in the S&P stock report.-Dividend...
Continue reading "Sent $250 to my Duke Energy DRIP" »

October 9, 2005

RBS Platinum Mastercard

Today I applied for an RBS Platinum Mastercard. This is the first new credit card I have applied for in about 4 months. I have 2 cards I am using for 0% BT offers that will expire next month, so...
Continue reading "RBS Platinum Mastercard" »

October 10, 2005

Free I-Watch Investing Tool

A co-worker of mine pointed me to this free I-Watch Investing Tool on the Lycos web site today. This tool provides insight into institutional buying and selling on individual stocks. Check out this chart of IBM from the last week...
Continue reading "Free I-Watch Investing Tool" »

October 11, 2005

List of Dividend Reinvestment Plans (DRIPs)

I noticed that netstockdirect.com was purchased by ShareBuilder earlier this year and as a result there is no easy way to find a 3rd party list of DRIPs. I have started my own and will continue to update it -...
Continue reading "List of Dividend Reinvestment Plans (DRIPs)" »

October 13, 2005

Just Earned a $5 Amazon Gift Certificate for taking a 5 min Financial Quiz at Citi

This morning I found a link on slickdeals to Citi Cards which is currently offering a credit education module with a 5 minute quiz at the end to test your credit knowledge. Score a 70 or better and earn $5...
Continue reading "Just Earned a $5 Amazon Gift Certificate for taking a 5 min Financial Quiz at Citi" »

October 14, 2005

The Almost Definitive Guide to using Company-Sponsored DRIPs or ShareBuilder Accounts

How to make sure you are picking the right plan for your long term stock investmentOk so you have done your homework and you are ready to make a long term investment. Now that you have spent all this time...
Continue reading "The Almost Definitive Guide to using Company-Sponsored DRIPs or ShareBuilder Accounts" »

October 15, 2005

CF Results for Week 6, Picks for Week 7

Background on my bad habit.Recap of Week 6Previous Balance $407.41Trans DateWagerTo WinResultDescription10/5/05$40$34.78LostOSU(-3) over PSUCurrent Balance: $367.41Net Deposit: $250, Current Profit: $117.41 (ROI 47%)My second losing week in a row. I almost didn't post because I was so pissed off at...
Continue reading "CF Results for Week 6, Picks for Week 7" »

October 17, 2005

Dogs of the Dow

Have you heard of the Dogs of the Dow? I first heard of this investment strategy in the 1990s and it seemed to fall out of favor during the dot com bubble. However I think it is again gaining attention...
Continue reading "Dogs of the Dow" »

October 18, 2005

You'll need no more than 92.35% of your income when you are financially free

Well sort of. I am talking about the Social Security and Medicare taxes on your paycheck. If you can live off the same income (passive income) after quitting your job that you do before (as wages), you'll only need 92.35%...
Continue reading "You'll need no more than 92.35% of your income when you are financially free" »

October 20, 2005

Bummed about my Pfizer investment....

Pfizer (PFE) released earnings this morning and it is getting pounded today in market trading. As I write this the last trade price at Yahoo!Finance I saw for Pfizer (PFE) was $22.11. I this Pfizer is a great company, I...
Continue reading "Bummed about my Pfizer investment...." »

October 21, 2005

Highlights of Benefits Enrollment Package from work

What a wonderful time of the year; football, cool brisk mornings, state fair, and of course benefits enrollment.I actually don't think I am going to spend much time this year analyzing my choices. I spend a lot of time last...
Continue reading "Highlights of Benefits Enrollment Package from work" »

October 22, 2005

Inside Wire Maintenance Service Plan

What a rip off. I spotted this on my girlfriends latest phone bill from Bellsouth. She had a line item Inside Wire Maintenance Service Plan for $5.95/mo. I laughed when I saw this.While I guess this could make sense for...
Continue reading "Inside Wire Maintenance Service Plan" »

October 26, 2005

My 1st credit card application rejection notice

Wow! I would have never thought this could happen. I got a letter declining my application from the RBS credit card I applied for to take advantage of their 0% Balance Transfer offer.First I was shocked, then I felt a...
Continue reading "My 1st credit card application rejection notice" »

October 27, 2005

My $2 Million Net Worth Goal Part 1: Assumptions

The purpose of this web log is to document my journey to financial freedom. I have defined financial freedom as a net worth of at least $2 million. It may be a moving target, but I guess we will see...
Continue reading "My $2 Million Net Worth Goal Part 1: Assumptions" »

October 28, 2005

Free Credit Score from Eloan

I just found out that Eloan offers a free credit score (similar to FICO credit score). I just signed up for an account and had to enter a credit card number that was listed on my credit report (just to...
Continue reading "Free Credit Score from Eloan" »

October 31, 2005

My $2 Million Net Worth Goal Part 2: Forecasting My Net Worth

In Part 1 of this series I covered my starting points and assumptions in developing my net worth goal. In this post I am going to discuss how I used these to forecast what my net worth could reasonably be...
Continue reading "My $2 Million Net Worth Goal Part 2: Forecasting My Net Worth" »

I have recently realized that

I have recently realized that my credit score is lower than I anticipated as a result of taking advantage of the 0% balance transfer offers. I am under the impression that as long as I keep my score at or...
Continue reading "I have recently realized that" »