2million's Personal Finance Blog

My Journey to Financial Freedom

November 1, 2006

October 2006 Net Worth Update (+$14,123)

The markets continued to pick up steam this month and helped put me in a position to shoot for a $100k net worth increase for 2006. October resulted in my 2nd highest monthly gain ever! I also raised cash from...
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November 3, 2006

DRIP Agent Companies

Most company sponsored DRIPs are administered by just a handful of investor services companies. If you want to get a quick glance at what kinds of companies offer these plans, each company's web site has a list of all the...
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November 6, 2006

I Tricked My Fiancee Into Doubling Her Retirement Contributions

Last month, my fiancée agreed to start making $50/mo contributions to her Roth IRA. We setup her up with an automatic contribution program so she wouldn't have to think about (otherwise it would never happen). I was really excited that...
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November 7, 2006

How Do You Invest In A DRIP?

Ok so your interested in DRIPs - sounds like it might be a cheaper way to buy investments. Here my advice on how to make them work for you. What are DRIPs? 1) Don't invest in a DRIP; figure out...
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November 8, 2006

Completed 3rd Balance Transfer for a total of $48,000 0% APR

Since I have no plans to borrow money in the next year, I decided to capitalize on my credit score to boost my income. I have already signed up for a $13,000 Capital One balance transfer and a $26,500 Citi...
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November 9, 2006

My Current Taxable Stock Holdings

I haven't summarized my entire stock portfolio recently, but every transaction is usually at least listed in my monthly net worth reports. I figure since the end of the year is approaching fast, this is as good a time as...
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November 10, 2006

My Current Retirement Investment Holdings

Yesterday, I shared my current taxable stock investment holdings. Now I will share my holding in my retirement accounts (Roth IRA, 401k). I probably ought to put these holdings together (retirement/taxable) to show what percentage of overall investments each stock/fund/ETF...
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November 13, 2006

Thoughts on Future Stock Investments

Last week I shared my taxable stock investments and my retirement investments. I haven't paid much attention to them this year except recognizing after a dismal performance last year that I needed to increase my exposure to small-cap and international...
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November 14, 2006

Oops! Unexpected Balance Transfer Fee

I logged into the Chase web site to check on my latest 0% balance transfer and was shocked to see a $75 balance transfer fee on the account. When I performed the balance transfer, the customer service representative assured me...
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November 15, 2006

8 Habits of Successful Wealth Builders

Michael Masteron in Automatic Wealth suggests in his experience there are 8 common habits found in successful wealth builders: 1.) Work hard. Makes sense to me. Working hard at your career or business should grow your income. The author mentions...
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November 17, 2006

Best Financial Decision My Fiancee Made

With all the one-sided insight I have provided into my fiancee's finances, I thought I should share a financial decision that I think puts her financials in perspective. My fiancee is very conservative with her money. She has managed to...
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November 20, 2006

Looking for A Cheap Thanksgiving?

If your entertaining, the key to saving money on all the Thanksgiving food is beer rebates. These rebates (in certain states including NC) these rebates often offer up to $20 on any Thanksgiving related food with no beer purchase required....
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November 22, 2006

Car Repairs On The Cheap

Back in September I reported that I had a minor accident. My years of faithful MacGyver watching paid off and with every handy man’s tool (duct tape) I was able to return my busted headlight to a working position until...
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November 24, 2006

GE 2007 Dividend Increase

I have noticed some recent interest in GE's future dividend rate. After all, GE announced its last dividend increase on 11/18/2005 and has been increasing its dividend annually for over 30yrs. I expect nothing different this year. Looking at the...
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November 27, 2006

Automatic Wealth Book Review

Call me crazy, but I liked this book. I think this book is perfect for the reader who works a regular job, has read Rich Dad, Poor Dad or the Automatic Millionaire, thought those authors were too vague, and are...
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November 28, 2006

Investing in USG

I had a grandiose idea that I was going to do a more thorough analysis starting with my next new stock investment, but that didn't work out at as planned. Several weeks ago I began to closely follow USG when...
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November 29, 2006

Do You Know What a Dollar is Worth?

Shortly after I turned 15 my first job opportunity materialized. A friend of mine was a dishwasher at a very small local restaurant but needed a sub one night. This was the moment I was waiting for - finally I...
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November 30, 2006

Cheap in Amercia, Who Gives? Who Doesn't?

I half-watched (while working) a special 20/20 on ABC last night that focused on charitable giving in America. I am not usually a fan of the show, but the topic peaked my interest so I decided to take it in....
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