Monthly Archives: May 2009

Finally Admitted to Practice Law in the State of New York

I finally took my oath to practice law in the State of New York.  As I have indicated in the past, I passed the NY bar exam on the first time in 2006, but had a few speed bumps prior to getting admitted today. Just thought I'd share with my readers that I can finally practice law.  I love my current job so I won’t be leaving to go to a firm ANY time soon. As discussed in the past, I do see myself drafting wills and trusts since I know I can do a better job than most of the attorneys [...]

By |2013-09-26T15:01:52-04:00May 27th, 2009|Personal Situation|0 Comments

Oblivious Investing – Building Wealth by Ignoring the Noise Book Review

I had the opportunity to review Mike Piper’s newest book, “Oblivious Investing: Building Wealth by Ignoring the Noise.*”  Mike is the author of a great blog of the same name, Oblivious Investing. The book follows conversations between Shannon, the investing newbie and her wise Uncle Toby.  Every conversation they have starts with small talk and turns to an investing topic, and the chapters are conveniently titled as such. As one could guess from the title, Oblivious Investing is all about passive investing with index funds.  Throughout the book is the overtone that almost as important as passive index fund investing is the [...]

By |2016-02-22T11:38:50-04:00May 27th, 2009|product review|2 Comments

An Introduction to Trusts

Part of my job duties is to teach topics in the morning for planners, sometimes the topics are pretty advanced and sometimes they are simple.  Tomorrow I have to teach an intro classes on Trusts and so I thought I’d share some of the stuff I will be going over. The best way to think about a trust is as a box…a separate entity that controls assets in which the grantor/settlor (person creating the box) makes the rules. The word “Trust” or someone telling you an asset is held “in trust” provides very little information There are two times when a trust [...]

By |2013-09-26T15:01:52-04:00May 22nd, 2009|Estate Planning|0 Comments

My Journey’s Financial Update 5/29/2009

One of the main reasons I started this site was to keep myself accountable to anyone that was reading. Ironic part, is that when I started I probably had no one reading so it was an exercise in futility! After searching my archives I could only find one update this year - on March 4, 2009, and in that update I talk about how I don't update enough! Wow. As I have indicated many times, right now I am in operation "Eradicate Credit Card Debt." An unpopular but necessary war. Credit Card 08/01/2008 03/04/2009 05/19/2009 CitiCard #1 $141.99 $0 CitiCard #2 $7,797 [...]

By |2013-09-26T15:01:52-04:00May 20th, 2009|Personal Situation|2 Comments

Give Whole Life Insurance a Fair Comparison – Get Illustrations and Compare!

I hope this post doesn’t end up on one of my favorite blogs, Bad Money Advice, but I wanted to actually compare some numbers for people.  Everyone, and I mean everyone tells you to stay the hell away from Whole Life Insurance, I think the main concerns are fees, lack of clarity, and evil insurance companies only offer these products cause people are stupid and insurance salesmen can sell anything. I do not think Whole Life is for everyone.  I don't own Whole Life Insurance, nor have I ever sold it…but I don’t believe it is evil! If you are cash strapped and [...]

By |2013-09-26T15:01:52-04:00May 18th, 2009|Life Insurance|19 Comments