Finance Blog Rap


Take a minute ya’ll, just sit right there and listen
To the finance blog rap that you don’t want to be missin’

It’s a fun little description about my favorite peeps
and the stories they write about how to live super cheap

I’ll start with my boy some know him as J. Money
He is really well known for making personal finance funny
Budgets are $exy is the fruition of his work
where he writes about getting screwed by a wedding photographer jerk
take a minute or two and sift through his blog
if you don’t enjoy it then you really…..SUCK.

Now its only appropriate to give a shout out and a hollar
to my man Trent over at The Simple Dollar
It’s a little more academic, but no worries you need not be a scholar
follow Trent’s advise and you’re sure to end up a finance baller

The third blog I read is called All Financial Matters
where JLP serves up financial genius on a platter
He is especially fond of using charts and graphs
to demonstrate the way your 401k has been cut in half

It was to these three blogs my finance cherry had been popped
put them all together and you surely can’t be stopped
My websites punch debt in the face and one day I hope to aspire
to the ranks of these bloggers money management empire.

This blog was featured on this weeks Carnival of Personal Finance found here. Thanks Four Pillars!

Obsession


I have found myself becoming more and more obsessed with the financial world over the last year. It started with a simple conversation with one of my friends who is a financial analyst for a big bank. We were having a slumber party in his living room (yeah we may be in our 20’s, but we will never be too old for slumber parties!) when he started telling me about the Roth IRA and how it could greatly benefit me. We talked for a good hour or two about other investment strategies (actually he talked, I listened). This conversation kickstarted my quasi-stalkerish obsession with finances. I love reading helpful strategies to make my money work harder. I don’t mess with the convoluted financial gameplans, I like it to keep it simple. Here is what I am doing to secure financial freedom over the next few decades.

Investing 8% in to my TSP (government equivalent of a 401K)
Maxing contributions to my ROTH IRA each year
Putting $2k in the bank each month for my future house fund
Doubling my school loan repayments every month
Selling cocaine to little kids that think it is powdered sugar

One of the above may or may not be a “white” lie…haha no pun intended. But seriously, I’m 23 and I feel like I’ve got a good jump start to the rest of my life. Fortunately I have a steady job with a cool title , make okay money $60k/yr, and live dirt cheap. Every dollar I earn I make sure that it is working it’s @$$ off and finding some friends to come back and play in my online savings account.

Peace up, A-town down,
D Ninja

Trying to make a dollar out of common sense


Like I mentioned in my earlier post this week. I earn a little extra dough each month by taking my math and science skills and providing my knowledge to stupid kids. Algebra and geometry have become commons sense to me. I feel pathetic, but I can actually explain why the quadratic formula works. I have taken my common sense and turned them in to dolla dolla billz. I think this is the second best type of income (first best being passive income cause who doesn’t want to make money by sitting on their budunkadunk all day).

I want to encourage all THREE of my readers…wait actually my stats were down to ZERO readers today…to see how they can turn their oridnary talents in to extra income. Are you good at soccer? Teach soccer lessons. Are you handy with the computer? Design webpages. Are you really good at eating McDonalds? Enter an eating contest? Haha that last one might be a stretch, but I hope you get the point. Get your booty out there and make some booty (pirate money that is)

Arrrrrr Matey,
D Ninja

A dilemma


I’m torn I don’t know what to do. I essentially have $25K in student loans, this is my only debt. I am able to save about $2k every month. I am torn because I have not yet figured out the ratio of debt payoff to future house savings that I am comfortable with. My minimum payment is $178 a month for the next 20 years on the student loan. I currently make double payments every month which has my student loans being paid in full in approximately 8 years.

I am determined to buy a house within the next two years and have a goal of having between $50-100K in the bank by the time I do that. I currently have $12k in savings and have been stock piling that cash as I am not completely sure what I want to do with it. If I was super intense I could use $7K of my savings and then throw all $2K each month at the student loan which would mean it would be paid off by the end of the 2009. However, doing this puts me three to five years away from buying a house. Although I hope to have about $75K in savings when I do buy a home I have no clue how much of that I will actually put down (too many unknown factors like interest rates, house prices, job security, etc). I do feel like I should throw as much money at the student loan as possible because that 7% interest is no fun. I would be getting a guaranteed 7% return on every dollar I put towards it…which is faaaaaaaar better than my online savings, Roth IRA, or 401K have been doing.

I guess I shouldn’t complain to much…at least this is a good problem to have. I just am unsure at this point in my life how to make that $2k in savings work best for my goals.

Drop it like its hot,

Made an easy $200 today

I don’t think I have ever mentioned, but I do tutoring in the evenings for local high school families and I must say it pays quite nicely. I charge anywhere from $30 to $50 an hour for high school math and science subjects. I tutored for five hours today and walked away with 200 bones. I am kind of a tutoring whore because I wish I had more free time in the evenings to relax, but when someone offers me 40 bucks to teach one hour of algebra it’s pretty dang hard to say no. If you have some math knowledge get your name out there and make some dollars!!!

Make money,

Wooohooo!!

Day 2 of consecutive blogging for me. I’m giving myself a pat on the back right now. I checked my sitemeter stats again today and would like to note that the viewership has increased to THREE viewers today. That is a 300% gain over yesterday’s stats. I’m willing to bet the better known finance blogs didn’t triple their readership overnight….haha. Okay I know I’m pathetic, but it’s a start right? I’ve been watching a lot of news lately and I just get so frustrated with everything that is going on in the market…or at least the way the media preaches doom and gloom. Maybe I’m a freak, but I am not an emotional investor. Buy and hold is the name of my game. And when I have 40 years to hold on to that money, you’re darn right I’m going to be optimistic.

Are you an emotional investor? What does “emotional investor” even mean? Is it defined by an attachment to money? A susceptibility to stress when the market shifts? Anything outside of the ordinary? I hear everyone talk about how tough finances are, and I’m sure most have taken a 50% hit on their investments….but outside of my 401k and Roth IRA I haven’t felt strained at all. Actually, I haven’t even felt strained by my retirement losses because I was not planning on using that money any time soon. I don’t understand how people can complain about this current market (unless you have lost your job of course). I mean gas is cheaper, cars are cheaper, homes are cheaper, a lot of things are cheaper and this is a great time for me. I have been able to tighten up on my budget even more and save more today than my frugal behind already was this time last year. Call me crazy, but if the news and media was preaching the gospel of the end of the world, I would actually be pretty stoked on my current situation.

Don’t worry be happy,

It’s been too long

Well I took a little break from the blogging world for a little bit. I initially got in to this blog with dollar signs in my eyes, probably not unlike many bloggers. It’s too much work posting when you feel like you have to. I’m moving forward and am going to make a good faith effort at posting more frequently, not because I think its gonna make me independently wealthy, but because I just like the idea of blogging. I believe I am currently averaging approximately one viewer a day, which I don’t think is half bad considering I haven’t even visited my own page in over a six months. Essentially I’m saying I suck at life….my bad 🙂