Sunday, May 3, 2015

Undergraduate student loans PAID!

Ugh for borrowing so much, yay for getting it PAID!:
 5,000
 3,500
 4,000
 2,750
 2,500
    406
    602
 1,625
 1,375
 5,393
14,813               
             $41,964
Interest $  3,659
             $45,623

Next up Law School.

Sunday, December 7, 2014

Failure is an Important Element of Success

"Without failure, we would not be where we are today.... Failure is one of the most important elements for both business success and personal growth."    
     - Matthew Furey 

I have failed many times in life, but I am not afraid to fail, because I know I will succeed in everything I do.  I've seen my future and it is inevitable success.

Saturday, July 19, 2014

Quotes from the Book: The Great Depression: A Diary, by Benjamin Roth (2009)

pg. 168  Roth reiterating the investment principles of banker George F. Baker:
     "1.  He always bought sound stocks and bonds when they were offered below intrinsic value.
     2.  He always had liquid cash for such a purpose.
     3.  After he bought such stocks and bonds he held on 'until the cows came home.'  He never tried to catch the market swings.  He simply bought when bargains were offered.  He never sold unless the stock market was going bad or the price offered was too good to refuse."  

pg. 204  Roth discusses another investment strategy from the author Morrell Walker's book, Art of Investment (1922), who believed that certain safeguards can be built up against risk:
     a.  Study the current business cycle you are in,
     b.  When speculation is highest, switch securities to liquid assets by moving out of common stock to short-term bonds,
     c.  When the downward sing has started, switch from short-term bonds or treasury bonds to long-term bonds,
     d.  When the bottom is reached and signs of upturn begin to appear, use the saved liquid and put back into securities, switch the long-term bonds to common stocks.

pg. 21  "I repeat it again and again - he must have liquid capital in time of depression to buy the bargains and then he must sell before the next crash... buying stocks when they are selling far below their intrinsic value and... selling his stocks... at prices far above their intrinsic value- such an investor will pretty nearly hit the bull's eye."

pg. 28  "In prosperous times a man must be cautious and preserve his capital and be careful not to over expand his business or to go too deeply in debt relying on a continuation of good business to pay the debt."




pg. 85  Comparisons the author made to economic conditions in 1873 to 1929-1934:
     "1.  The 1873 panic was preceded by Civil War- then 8 or 9 years of hectic prosperity, speculation, rising prices, corruption in government- and then sudden panic, bank closings, etc.
     2.  In both 1873 [and in the 1930's] the farmers revolted for higher prices.
     3.  Organized movements to stop foreclosures.
     4.  Wild schemes to inflate currency, greenbacks, etc.
     5.  Talk against tariffs.  (aka taxes)
     6.  Untold unemployment and suffering and considerable radical talk about capitalistic system, socialism, etc.- a change of political parties."
   "The panic of 1873 lasted 5-6 years," and the Great Depression started in Fall 1929 and lasted through the early to mid 1930's, in which 4 years were hard until they started seeing true signs of recovery.

Thursday, July 17, 2014

You really don't need more stuff

*Source: http://www.babble.com/baby/how-moving-to-new-york-city-turned-me-into-a-minimalist/


How Moving to New York City Turned Me into a Minimalist
by Lauren Jimeson

"[W]e didn’t need most of the 'stuff' that I thought we did when we lived in our house in Tampa. I decluttered not only our apartment, but most things in our life... For the first time in my life, I was learning the true value of simplicity — and I loved it."

This is a great remind that I'm doing just fine.  

Thursday, July 10, 2014

The Disciplined Credit Card User

I saved my southwest points over 2 years and got a round trip ticket from Chicago to Paris free by:
     - Using select credit cards to pay for expenses and paying off balance monthly
     - Build and maintain a credit score of 800+ (from the 850 max scale)
     - If you want something save for it.


Then celebrate life wins!

Friday, July 4, 2014

Secret to paying off undergraduate student loans within 2 years of graduation

Although I wasn't able to graduate college debt free (quite the opposite for me), I was able to pay off all of my undergrad loans within 2 years of graduation by simply continuing living like a college student after graduation

Easy as that, now you have the biggest non-secret, secret to success!



Image from: https://blog.frontrange.edu/2012/03/26/8-tips-to-get-out-of-college-debt-free/