2million's Personal Finance Blog

My Journey to Financial Freedom

January 2, 2008

Managing Cash Flow

Wow -- I am still amazed at how complex managing personal finances gets once you get married. It's like that corporate project that gets extra headcount to speed things up, but yet everything slows down because more communication, more interlock...
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January 7, 2008

There's Hope, We May Finish Rich

Sometimes is all about timing. Last year my wife and I made an unsuccessful attempt to sit down and read together Smart Couples Finish Rich. We were able to get a few chapters into it, but other external events and...
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January 9, 2008

December 2007 Net Worth Update (+$14,363)

A good month for us to end the year on. After a loss last month and all the churn from the wedding expenses in the past couple months its nice to see some progress being made again. I just hope...
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January 14, 2008

Smart Couples: Value Circles

My wife and I recently resumed reading Smart Couples Finish Rich. I have been pushing for the two of us to read this book to help us talk about and begin better financial planning for the two of us....
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January 16, 2008

Smart Couples: Retirement Basket

As part of our reading of Smart Couples Finish Rich, my wife and I discussed our retirement savings strategy. Not rocket science, but I first gave my wife an overview of what we are doing today: 1) Max out...
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January 17, 2008

Smart Couples: Security Basket

My wife and I recently resumed reading Smart Couples Finish Rich. The book helped us discuss our different values, and sync on our current retirement savings plan. The next section in the book was focused on security including emergencies,...
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January 18, 2008

Smart Couples: Dreams Basket

My wife and I recently resumed reading Smart Couples Finish Rich. The book helped us discuss our different values, sync on our current retirement savings plan, and start talking about our insurance needs. The last section in the book...
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January 21, 2008

Smart Couples Finish Rich Book Review

Well my wife and I finally completed our reading of Smart Couples Finish Rich. Was it everything I had hoped it would be? The book doesn’t perform miracles, but it definitely helped my wife and I kickoff some important financial...
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January 22, 2008

Sharing Our Cash Flow

After realizing that I needed to come up with better financial reports to share with my wife; I decided to focus on monthly cash flow for now. I tried to start with a simple and more graphical representation of our...
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January 23, 2008

2008 Financial Goals

My wife and I had a quick conversation to establish our 2008 Financial Goals. 1) Primary House Down payment Goal ($80,000) We have $36,500 currently earmarked for the house downpayment so we still have a challenge ahead of us to...
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January 24, 2008

Market Turmoil Creates Opportunity for Wealth

Stock markets got you down? I often struggle with feelings of failure when the markets head down significantly. I feel like I should have moved more money to cash before the markets started selling off or I should have held...
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January 25, 2008

2007 Net Worth Review

I wanted to take a quick look at my net worth over the course of 2007 before I do a detailed analysis of how my net worth performed. Let me start with a chart of my monthly net worth for...
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January 28, 2008

Negotiation Genius Book Review

Negotiation Genius is a well written text book on a subject that I think everyone should learn more about (especially for folks interested in personal finance). Once I started, I quickly read through the whole book and was still eager...
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January 30, 2008

Housing Costs are our Biggest Obstacle to Financial Freedom

Maybe Im over simplifying, but over the past month my wife and I have started to recognize that the primary thing that stands in our way to financial freedom is housing costs. If we step back, the single biggest expense...
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