2million's Personal Finance Blog

My Journey to Financial Freedom

February 1, 2012

January 2012 Net Worth Update (+$29,888)

Assets Dec-11 Jan-12 Change % Cash & Savings $ 27,882.26 $ 27,618.74 $ (263.52) -0.95% Taxable Brokerage Accts $ 158,906.63 $ 164,890.42 $ 5,983.79 3.77% Roth IRAs $ 82,652.93 $ 86,835.15 $ 4,182.22 5.06% Pre-tax Retirement Accts $ 272,245.83...
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February 6, 2012

The Total Cost of a Speeding Ticket

I got my first speeding ticket in about 10 years last year. It was just a dumb move on my part as I wasn't paying close attention to my car's speed. I paid $139 for the ticket after court costs...
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February 10, 2012

A Better Financial Freedom Yardstick?

A key theme from the popular book The Millionaire Next Door is the simple formula to benchmark your expected net worth. Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This...
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February 16, 2012

Investment Performance January 2012 (+4.03%)

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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February 20, 2012

Financial Priorities

I have been reading Your Money or Your Life recently. I'm only part way through the book but the big takeaway for me so far is a short mental checklist for expenditures: 1) How much fulfillment, satisfaction, and value do...
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February 25, 2012

2011 Warren Buffet's Annual Letter

The 2011 annual letter from Warren Buffet to Berkshire Hathaway shareholders has been posted. As usual the letter is packed full of valuable investor insights and a bit of self-deprecating humor. Here are some key takeaways for me from the...
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