Goals, Motivation

Micro-Goals And Staying Motivated

I’ve been thinking about motivation. Where does it come from?  How can it be maintained? My primary motivation to get out debt was born out of a desire to have more control over my life.  To be frank, I was tired of living with the constant burden of interest payments.  Deciding to do something about my debt, I began to make major changes in my spending and saving habits. I’ve come to the conclusion that there were forces, external and internal, that combined to push me towards my decision to get out of debt.  First, a few months before I began to get out of debt, I began to listen to Dave Ramsey.  Day after day, I would listen to…

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Frugality, Goals

Breaking Bad Financial Habits – Impulse Purchases

As you read this, you already know something about yourself, something very important.  You know, without even having to think about it, if you are the kind of person who makes impulse purchases.  You also know, with equal certainty, if this tendency to make impulse purchases is negatively affecting your financial situation.  Over the next few weeks, I’m going to write a series of articles about breaking bad financial habits – and I’m starting with a big one – impulse purchases.  To be sure that you receive each of the articles in this series, sign up for my site feed, via RSS or daily email. First, it might do us some good to think about why we make impulse purchases. …

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Goals, Investing, Retirement

Current Retirement Asset Class Allocation

Here’s a look at our current retirement investment portfolio.  These numbers are current as of today.  This breakdown does not include my wife’s pension plan, nor does it include money invested for college education savings.  We use four accounts to save for retirement (in addition to my wife’s pension).  My 403(b), my Roth IRA, my wife’s Roth IRA, and a SEP IRA for business income investing. Large Cap / Total US Market = 46% Mid Cap / Small Cap = 34% International = 17% Cash / Bonds = 2% The majority of the large cap / total US market stocks are held in Vanguard’s VTI ETF – which tracks the broader US market.  The majority of mid / small cap…

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