2million's Personal Finance Blog

My Journey to Financial Freedom

August 5, 2010

July 2010 Net Worth Update (+$30,725)

Wow - July turned into a great month thanks to gains in the stock market. Assets Jun-10 Jul-10 Change % Cash & Savings $ 28,864.92 $ 28,542.92 $ (322.00) -1.12% Taxable Brokerage Accts $ 111,904.54 $ 119,196.90 $ 7,292.36 6.52%...
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August 7, 2010

Moving Forward with Refinancing As Rates Fall

I started watching rates closely in July when one of my co-workers started alerted me that he was refinancing. Our mortgage on our house (House #4 in our net worth reports - our primary residence) was initiated when we bought...
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August 10, 2010

July 2010 Monthly Cash Flow

I have started posting our monthly cash flow analysis given how tight things are these days with our downshifting to a single income and starting a family. I believe we need to continue to pay closer attention to our cash...
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August 12, 2010

Rule of Thumb for Refinancing

I have seen lots of tips on when it makes sense to refinance your mortgage, but I disagree with some. Here is my rule of thumb on whether it makes sense to refinance - the key for me is an...
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August 16, 2010

Should We Take Cash Out from Refinancing?

I was surprised to learn that our house appraised for $18k higher than we purchased it for in Dec 2008 and our refinance lender will let us borrow an additional $20,000 over our current mortgage balance. I thought lending practices...
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August 22, 2010

Wells Fargo Three Step Refinance With No Cost

While in the middle of our refinance, I received a letter from Wells Fargo (who currently owns our primary mortgage) giving me an opportunity to refinance with them through a simplified process that would cost us nothing to reduce our...
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August 23, 2010

Everbank Refinance Closing Costs

We closed last week on the refinancing of our primary mortgage. We ended up getting a 30yr fixed mortgage @ 4.375% for $256,000 through Everbank. We decided to maximize what we borrowed at this low rate and will use the...
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August 25, 2010

$4 Movie Ticket via Fandango

Groupon is offering a movie ticket ( up to $12 off) via Fandango for $4. Limit 1 per person but each person in your party could buy the Groupon. Offer to purchase Groupon expires 8/30 and must redeem on Fandango...
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August 27, 2010

Investment Performance July 2010 (+6.17%)

This is an ongoing monthly update on how our equity investments are performing. Please see this background on the investment tool I developed and how I am using it to track our performance against a benchmark to measure our progress...
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August 29, 2010

Observations from Re-Renting Rental #1

I just went through the most stressful and time consuming rental turnover I have had since I began renting out Rental #1 5 years ago. Rental markets as with real estate are very localized, but I figured I would share...
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