Financial Succes

Is Effort A Myth?

by The Happy Rock on October 20, 2008

I wanted to share this well written article by one of my favorite authors Seth Godin.  He eloquently writes about why we easily fixated on getting lucky and path of personal effort. Is Effort A Myth? It seems that the bigger the hole we dug for ourselves or the larger the distance we need to travel to reach a goal the more we tend to wallow in hope.  I think this is partly because it becomes harder to tie the small actions we can do now with so huge checkpoint in the future.  So instead of action, we grind ourselves […]

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Presidential Candidates And Personal Finance

by The Happy Rock on October 16, 2008

When I look at both Obama and McCain and compare them to common sense personal finance, I realize that both candidates are the same.  Neither of them get it.  Both candidates have plans that are so far away from fiscal responsibility that it scares me. Let’s take a glance at how the candidates stack up against some basic tenants of personal financial success : personal responsibility, spend less than you earn, get out of debt, have an emergency fund, and make your money work for you. Personal Responsibility – I think the ridiculously huge pork laden bailout bill says about […]

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Mark Cuban Blogs About How To Get Rich

by The Happy Rock on October 7, 2008

A co-worker shared this blog post by Mark Cuban, owner of the Dallas Mavericks NBA basketball team, with me and I thought it was fascinating.  For those that don’t know Mark Cuban is a rags to riches stories who went from broke and jobless in 1982 to a wildly successful entrepreneur worth 2.8 billion dollars in about 25 years.   In this article he shares his tips to becoming rich.  Here is my ultra quick summary. Develop personal discipline Live frugally Avoid debt Have cash Find a niche in an area you love Use the cash to seize opportunities when it […]

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ING Gets It Right – The We The Savers Statement

by The Happy Rock on October 2, 2008

I thought this was so well thought out and written that it deserves a mention.  ING Direct put out a We, The Savers statement that clearly identifies how we can be responsible for ourselves during this rough economic stretch. I appreciate the sentiment, plus ING is my bank for both checkings and savings and I love their services. Here is the list : We will spend less than we earn. We will use our home as a savings account. We will take care of our money. We will defend our credit worthiness. We will ignore unsolicited credit card marketing. We […]

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Financing College by Selling the Van

by Debt Destroyer on September 24, 2008

First it was Netflix, now it’s the van. I’ve been putting off writing this post for about a month.  It has been about that long since we’ve decided that selling our van would be in our best interest (financially speaking). I first brought this idea up way back in July, but my wife wasn’t on board quite yet. Then we both read Dave Ramsey’s, “The Total Money Makeover” and we realized that we probably made a mistake when we bought our van in the first place. If finances weren’t an issue we’d never sell this van.  We love it!  It’s just that […]

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A New Stage In My Financial Journey

by The Happy Rock on August 21, 2008

Like most things in life financial maturity is a journey not a destination.  If we are open we will keep changing and broadening our perspective.  Recently this has taken the form of questioning my definition of the purpose of money.  I used to think that the definition of money took on two distinct stages, but I am starting to be drawn to a third stage that I am not sure I could have imagined a few years ago. Stage 1 – Money = Stuff This is the stage that we all know and love.  It is the stage were the […]

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What Does Financial Simplicity Feel Like?

by The Happy Rock on July 28, 2008

I often talk about how destroying debt simplifies your life, but the word simplicity is vague and fluffy. It might not mean much to a lot of people.  So let me take a shot at inspiring you with the current state of my financial simplicity journey. First, as I did my bills for the month, I could feel the simplicity.  Simplicity is often more of a feeling than it is a system or goal.  Sometimes it is the absence of feelings that mark simplicity.  The absence of worry and stress being the most notable.  As I sit down each month, […]

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Tips for Developing a Net Worth Mentality

by The Happy Rock on July 16, 2008

This is a guest post by Miranda Marquit.  You can read a little about her writing at the end of the post. One of the more controversial subjects being canvassed right now in the world of personal finances is the idea that maybe a financial plan based around a monthly budget isn’t the way to go. Indeed, the monthly budget mentality is about living paycheck to paycheck and managing your resources rather than growing them. The alternative to the monthly budget mentality is the net worth mentality. This is a long-term, big picture mentality that is about wealth building rather […]

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I was honored when Frank told me that I was chosen as the Happy Rock’s second writer.  But as the days have passed, that feeling has gone away and a new feeling has begun to come over me.  I call it the “How did this happen?” feeling. I bet a lot of you are familiar with this feeling.  It has many variations (It’s not exclusive to personal finance matters by any means) and it usually sets in upon any sort of personal reflection.  Some examples are:  the “How did I get roped into a day of antique shopping?” feeling, the […]

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Unexpected Expenses Derail The Debt Reduction Train

by The Happy Rock on June 26, 2008

Not much can kill your debt reduction momentum like a $500 dollar expense that you haven’t planned for.  Without some savings set aside we often are forced to go into debt to pay of the bill and that destroys the plan and demoralizes our already fragile money psyche. When just starting out on your debt reduction journey it is quite easy to budget and plan for your normal monthly bills like credit card payments, rent/mortgage, utilities, etc, but the type of expenses that derail the train are not the monthly expenses.  There are the irregular bills, the ones due every […]

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