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 importance of giving…

So Im 22, I make $40k a year, and I definitely feel like life would be easier if I was making $70k+. All through college I only had a part time job and probably averaged only $6k a year, so even though I wish I was making more than $40k it still seems like plenty of money to me. I made my budget and accounted for all of my expenses…401k, Roth IRA, gas, food, etc. I thought I had it all figured out and was pleased to see a decent cash flow in the discretionary income category. I put some money in a high yield savings account, used some to buy a motorcycle, was eating out when I wanted, basically life was good. Then I took a 6 week long financial course during this time (because I love learning). There was a bunch of good stuff presented during the six weeks, but the one thing I realized I was missing in my budget was a charity section. I went home and wrote down on a piece of paper “I will give at least 10% of my income to charity.”

There are a couple of reasons I decided I needed to be giving away some of my money.

1) Im christian and I personally believe it is important for me to tithe to the church and support different ministries and missions. I believe I am called to give whether I make $10 a year or $10 million a year. I think about it like this…I go to church every Sunday and am entertained by the pastor and learn important things to be successful so I should make sure that I contribute to the church so I can continue to have a place to go. If church members didn’t tithe there would be no church…im just doing my part.

2) I know that giving is going to make me rich. No, I don’t think karma is going to be on my side or if I give my money God is going to bless me with a fortune…it might happen, but Im not counting on it. Now that I am giving 10% of my income I have to be even better with my finances and make sure I am watching every dollar I spend. It has made me that much more motivated to contribute the maximum possible to my Roth IRA. It has made me think “Do I really need to go get food from that burrito shop?” I am 100% confident that giving will never financially hurt me and will only increase my chances for financial success.

3) There is no excuse not to give. Sure money might be tight. You might be living paycheck to paycheck. But make sure you hear me GIVING IS IMPORTANT. If you cant afford, or dont want to afford, giving 10% give 5%, 2%, 1%, or $1 the amount doesn’t matter!!!! There are plenty of great organizations out there that rely on people’s donations. My mom contributes to Children’s Hospital every year, another friend sponsors a young teens ability to go to summer camp. Breast cancer, autism, water in 3rd world countries, sponsoring a child in africa the possibilities are endless. When you finish reading this blog I dare you to just go to any organization and give them $1…thats right just $1. I want you to realize that it doesn’t matter how much you give, all that matters is that you give.

Do it! Give money to someone or something. Here is my favorite organization…I strongly believe in their cause.

Did you give a dollar yet? No?! Then GO NOW!

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,