August 2012

August 2012 Cash Flow

08.31.2012
August cash flow saving

I left my job in July and August is my first full month of retirement. We did pretty well this month and I can stay retired for now.   Income August July Mrs. RB40′s paycheck 2,618 2,693 rental income 1,064 357 online income 208 144 dividend, interest 443 263 P2P 102 49 freelance 1,147 695 misc 200 31 Total income 5,782 4,233 Expense Housing -2,097 -2,097 cash allowance -934 -621 transportation -141 -45 pet -10 -5 baby 0 0 bills -333 -274 medical 0 -15 entertainment -54 0 misc 0 0 Total expense -3,570 -3,057 Saving 2,212 1,176 Income (Target > $4,500) [...]

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Say No to Debt

08.29.2012
avoid debt say no to debt

My last post, Retirement advice for young folks, received a good response and I think I should expand more on it. We have more young readers now and I would love to share what I did right and wrong in my early years. We all made some financial mistakes and it’s best to learn from others rather than experiencing those mistakes. Avoiding debt is crucial to healthy personal finance, but Americans are terrible at this. We take on student loans, credit card debt, mortgages, and much more. Let’s take a look at these debts one at a time and see [...]

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Retirement advice for young folks

08.27.2012
Retirement advice for young folks

We had some visitors this weekend. My brother, his wife, and her two brothers dropped by for a quick visit on their way to Vancouver, BC. It was great to see them and they had a great time playing with baby RB40. We talked about bit about my leaving the workforce and Matt asked what advice I can give a young guy in his early 20s. I told him to save up as much as he can in his 401(k) account. The 401(k) is a great retirement saving vehicle and everyone should take advantage of it. Here are just some [...]

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The Peril of Midnight Blogging

08.24.2012
midnight snack munchies taco burrito

To non bloggers, this is a glimpse into a blogger’s work day. To other bloggers, this is actually a cry for help. Now that I’m a full time stay at home dad, it’s quite difficult to get anything, especially writing, done. As parents everywhere know, kids don’t like it when you don’t pay attention to them. Baby RB40 will let me respond to emails, catch up on other blogs, reply to comments, and do a few administrative tasks for about 30 minutes. We do this by splitting the laptop screen. He watches the Muppets sing while I work on the [...]

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