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Month: October 2017

How much will you have in the Future?

How much will you have in the Future?

I went to the bank yesterday. I usually never actually go inside, but yesterday I needed to exchange money for a trip. The banker was really nice, and told me that I can upgrade my account for free and increase my interest rate 0.01%. 0.07%. “You can earn 7x more than what you are earning right now!” This is crap. Like literally. I had no idea that it was this low.  I wouldn’t even earn 1% a year! In fact,…

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Yupster Pocket Profile- Dope in Dallas at $72.5K

Yupster Pocket Profile- Dope in Dallas at $72.5K

In this series, fellow Yupsters will be filling out their Pocket Finance Profile, as seen below. This will give you insight on what other people are spending their money on, where they are putting their investments, and how people are living their lives. And I will be giving you my recommendations, if any, on where there is room for improvement. Pocket Profile Yupster: Dope in Dallas Job: Senior Consultant Age: 27 Salary: $72,500 plus bonus (varies). Net Pay: $1935 semi…

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How can I help?

How can I help?

Do you have a financial question or concern that you are too lazy (and embarrassed) to ask? (You know you do.) So does everybody else, because like I’ve said before, nobody taught us this in school. And most of us didn’t learn it from our folks so we are left out in the wild, wild, credit hungry/ debt-consuming west. And eff me, we are getting slaughtered. So, why not ask me your question(s) and we can have a quick chat…

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How I pick my Real Estate

How I pick my Real Estate

People often ask me what I look for in a real estate investment, and this is what I tell them. 1- First I make sure that Rent is around or greater than the mortgage. Check out my post with a downloadable template if you are curious. This creates a safety net in case in case property values drop, and I can’t sell right away. This also can give me good rental income, so this is always the first step. If the gap between the…

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Why you should think about Opportunity Cost-download

Why you should think about Opportunity Cost-download

Why is opportunity cost important? Because it will allow you to make better financial decisions by making you consider other options. When you buy something, the question will no longer only be: “Is this item good? Yes or No.” You will also have to consider FOMO.  “How much am I missing out on if I buy this item? And is it worth it?”  When you think this way for any major purchase, whether it’s a car, a home, or even…

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Yupster Pocket Profile- 78K in Sunny Socal

Yupster Pocket Profile- 78K in Sunny Socal

In this series, fellow Yupsters will be filling out their Pocket Finance Profile, as seen below. This will give you insight on what other people are spending their money on, where they are putting their investments, and how people are living their lives. And I will be giving you my recommendations, if any, on where there is room for improvement. Pocket Profile Yupster: Sunny in Socal Job: Mid-Level Analyst Age: 27 Salary: $78,000 Net Pay: $2014 semi monthly, or $…

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WTF it’s Annual Enrollment time!

WTF it’s Annual Enrollment time!

Annual enrollment is a bitch. At least is to me at least because I am the type of person that analyzes each plan to determine best fit. My employer is a Fortune 10 company, so I am very lucky to have amazing health insurance. They actually offer 8 plans! Why so many? I don’t know. Ha. But because I have so many to choose from, I always go through their summary plan descriptions, (SPDs) so I can figure my shit…

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