Maybe I should start a Music Label?

So as I mentioned on my Friday post, I made a Budgets are $exy rap for J. Money. I had so much fun making the rap for his site, I thought it was only appropriate that I made one for mine. So without further ado, I bring to you the Punch Debt In The Face official Rap…

If the player doesn’t work click here.

The lyrics…

Take a minute ya’ll just sit right there and listen
To the finance blog rap that you don’t want to be missin’
Via my spittin’ I shall be reminiscing
About my fight against debt, you know I wont be quittin”

It all began, just five short years ago
When I signed my life away to get a student loan
Two-Fifty benajmins is the amount that I owe
It’s time for this boy to start making cash flow

I got my first job, some call it a career
Doing all I can to make my debt disappear
Learning about money, this was a new frontier
With my love for PF, I’m sure to persevere

It started with contributions to my 401k
Just a couple months later my Roth IRA
Then paying down debt to get rid of Sallie Mae
I be bloggin’ about money every single weekday

Learning about finance is sure to make me grin
My dollar works hard it’s lookin’ for some friends
With Abraham Lincoln and his boy Benjamin
I be breakin’ down debt like that wall in Berlin

Money in the bank (I got stacks)
Bloggin’ everyday (I cut tracks)
Spend less than you make, Save more than you spend
And you’ll be a rich dude straight ballin’ in the end.

I never would have thought rapping could be so much fun. It’s been a blast producing three finance rap songs over the last two weeks, but I think it’s time I retire and stick to blogging.

*I’d like to give a special thanks to my roommate for helping me produce this little gem*

I LOVE having a net worth of Negative $2,000!!!!!!!

No Im not crazy! I’m super excited to have a net worth of -$2,000 because on 01/08 my net worth was -$28,000. Never would I thought owing money would feel so good! Essentially my net worth is pretty easy to calculate because I don’t own very many things. I have a savings/checking account and a couple retirement accounts . I chose not to include things like personal belongings (laptop, camera, etc) or my car (which would add probably $5K to my worth) because I figure those are things I will always need and wouldn’t really want to go with out. My negative net worth comes from my evil Aunt Sallie Mae  and her 25,000 friends (It used to be 28K). I have been making double payments on my student loans every month (minumum payment $178) and trimmed $3k worth of fat off her last year.

So read it and weep fellow bloggers. Below is my net worth graph. The green bar is the cash I have in savings, checking, and my two retirement accounts. The blue bar is the amount of debt I owe (again all school loans). The red dot is the tracking of my overall net worth (you can see on this graph I was worth negative $22K this time last year). The goal is to have that red dot cross the threshold and enter into the green zone in ONE MONTH baby! Can’t wait to actually have a POSITIVE networth!!!!!

It feels good to be broke,

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!


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

The Hidden Costs of Growing Up

I find it hard to believe I’m already one year out of college. This thing called “being-an-adult” is tricky. There are a bunch of things to this lifestyle that I never learned in college. Like, insurance….what the heck is that? I do not like knowing I pay almost $300 a month for insurance (rental, car, health, dental, vision) most of which I never actually collect on. Part of me is tempted to go out and break my leg just so I can actually utilize my health insurance (which I am yet to capitalize on. I guess the most important thing to me is to make sure that I really do make a conscious effort to use every dollar of my insurance possible. I make sure to get my semiannual dental checkups, I get a new pair of glasses every year, if I feel really sick you better believe I’m going to be heading to the hospital. My advice to people….use your insurance if you can! Another one of my not-so-favorite hidden expenses…Income Tax. Unfortunately I live in California where we have income tax, sales tax, property tax, and life tax….okay maybe not the last one, but at times I sure do feel like there is. All through college I was considered a Washington resident, but in my first year of post-college life I made the transition to California residency. Unbeknownst to me, dibs were called on 9.3% of my pay check by the the golden state. I guess they have to tax me because the weather is nice year round and there are a lot of beaches…right? I don’t know, maybe I’m just being bitter, but I can tell you one thing…I am definitely not looking forward to further discoveries of these hidden treasures that will somehow find a way to snatch up every dollar of my hard earned pay.

I would be curious to hear if anyone else had similar experiences in their transition to adulthood. Any expenses you didn’t know would come to bite you in the behind? Or anything I’m missing out on that could enlighten me or prepare me for the future?

9.3% poorer than you,