Monthly Archives: November 2010

What Happens When you Make an Extra Payment on a Loan?

What Happens When you Make an Extra Payment on a Loan?

It is really interesting to see the results of making an extra payment to a mortgage, auto loan or any other amortized loan.  I think there is some confusion as to  what exactly happens, mathematically, when you make the extra payment.  To understand what happens when you make an extra payment you first have to

Basic Financial Terms for Children and Teens

Basic Financial Terms for Children and Teens

The Wall Street Journal just published an article titled, “Three Financial Terms Kids Need to Know” by the Yoder et. al., and while I usually love the personal finance section of the WSJ this article was simply ridiculous.  The article provides a series of obviously and painfully fake interactions between the Yoder Pops and Yoder

Happy 29th Birthday Evan

Happy 29th Birthday Evan

Today is Evan’s 29th Birthday! I can’t believe how much has changed in my life from my 28th Birthday and even more so my 27th Birthday! Last year I put out two very lofty goals. Start a Family More Streams of Income Not really my style to put out ridiculous goals without really explaining how

What are Dividends? What do I need to Know About Dividends?

I have been on a ridiculous dividend kick lately, but I never gave thought to those that don’t fully understand where Dividends actually come from and what they are.  I don’t usually get into these info-graphics but this one is fantastic.  It explains: What is a Dividend? What are Retained Earnings? Who Decides When Dividends

Don’t Sit Back, Attack Your Credit Problems

A credit card may be the last thing that someone with credit issues wants to look at, let alone use. Unfortunately for consumers aiming at a higher credit score, merely letting time work does not, in fact, work and a credit card represents the most efficient means of attaining credit improvement. Sure, the economy has

Tell me What to do With my 401(k)

I have been talking about analyzing and re-balancing my 401(k) since May, 2010 and haven’t actually done anything about it since August of 2009! That is ridiculous, for anyone, nevertheless a guy who works in the financial industry and runs this fantastic personal finance blog.  So today, I am going to analyze my 401(k) using