actions i will not be cheap about

5 Actions I Will Not Be Cheap About

I genuinely believe that if you are just starting to plan for your future whether that is early retirement or financial independence or developing a plan to get out of debt, then you need to start budgeting. I spend a minimal amount of time a month budgeting and it has helped me to know where my money was going. I noticed a pattern of spending behaviors that became acceptable to me. Here are 5 actions…

omg my money side hustle monthly income report

September 2018 My First Side Hustle Monthly Income Report

I started this blog as a personal journal because I went through some of the dumbest financial mistakes possible most notably defaulting on my $77,000 student loan debt. Along the way my hope is that this blog will allow me to learn from others, share knowledge, embarrass myself by sharing my personal finance journey, encourage others, and hold myself accountable. I enjoy my full time job and have absolutely no plans to leave. I make…

favorite posts of the week

OMG Favorite Personal Finance Blog Posts of the Week Featuring Debt Experience vs Debt Knowledge, Procrastination, and Ego

For this week I rounded up the following blog posts that I enjoyed reading. OMG My Money’s favorite personal finance posts of the week (My first contribution! Thanks Michelle and Howard for letting me be part of this!) Which is better for getting out of debt, experience or knowledge by Debt.com  – click here My take – you can check out my response here or check it out in full below. I basically said knowledge first, take…

simple budgeting

My Simple Way of Budgeting and Budget Categories

Earlier this year (May 2018), I had a personal finance epiphany. Out of nowhere I got this urge to get a hold of my finances and start aggressively paying off my $77,000 student loan debt and further educate myself on personal finance, financial independence, and investing. During this epiphany I decided to plan how I could aggressively tackle my enormous student loan debt. The baby step moment was to start budgeting. I needed to understand…

favorite posts of the week

OMG My Favorite Personal Finance Blog Posts of the Week

For this week I rounded up the following blog posts that I enjoyed reading. OMG My Money’s favorite personal finance posts of the week How to automate your money by Let’s Automate Your Money  – click here My take – I am a big believer in automating your money. It is one or 10 less things to worry about. Why spend those brain cells remembering to pay yourself first or pay those bills when you can…

omgmymoney student loan debt payoff august 2018 update

My $77,000 Student Loan Debt Payoff Goal March 2019

Back in July (2018), I wrote a post about getting motivated to pay off my student loan debt. In that post I did not set a specific date and simply noted that I wanted to pay a little extra per month. I had a great start last month in August paying an extra $9,600 towards my student loan debt. That is on top of the $2,000 monthly payment, which makes the total amount $11,600 in…

role models

How to Select the Right Role Models

I read or listened to an audiobook or podcast several months ago about selecting the right role models according to Bill Gates and Warren Buffet. I took notes on my phone so these might be a bit rough. Here are the 3 points to selecting the right role models Make sure your role model shares or has better core values than yourself “It’s better to hang out with people better than you. Pick out associates…

home dumbbell and weight bench setup

How I Am Saving Money By Working Out At Home

I have always worked out at home despite some of the companies I worked for either subsidized or basically paid for a gym membership. Perhaps it is the introvert in me, but I find comfort working out alone. I also get to multi task and work on other things during my rest period. (Honestly though I would not recommend this because you will get distracted and the workouts end up going from 45 min to…

stay in your financial lane kevin hart

Kevin Hart Has One of the Best Financial Advice Stay in Your Financial Lane

I enjoy my share of stand up comedy performances. One of my favorites has been the earlier Kevin Hart stand up called “Laugh at My Pain”. He has a bit (check out the clip below) about staying in your financial lane. I call this one of the best pieces of financial advice. It has to do with both keeping up with the Joneses and lifestyle creep or lifestyle inflation. I was pulled out of my…

post recap

August 2018 Post Recap

Last month (August 2018) I posted 15 total blog posts, slightly lower than the 21 blog posts in July 2018. With so many posts, I thought I would start a monthly post recap to share the most viewed. I do not think I can do a weekly recap so baby steps for now. Most viewed August 2018 posts The lamest excuses I made for not saving money – I share the 9 dumb excuses I…

vacation planning over thinker

Confessions of An Over Thinker Planning for a Vacation

Summer is wrapping up and kids are either back in school or getting ready to go back to school. Randomly I thought it would be fun to share what an over thinker goes through when planning for a vacation. What areas do you over think or over research whether personally or professionally? Do you think this has held you back in some way? One personal example of over thinking is vacation planning. I think I…

career swot analysis

7 Factors to Evaluate Your Current Job and Career Ambitions

I believe that you are more likely to achieve your goals (finance, career, personal) when you write them down. Well, I should say that I started believing writing down goals because I started this personal finance journey blog. This post is inspired by a blog post I came across at Making Sense of Cents. The questions to ask yourself is from MindTools. My full time job is in digital marketing for a multi billion dollar…

three year financial plan

My 3 Year Financial Plan

I have to admit, the older I get the less I want to think about long term plans. Similar to how I have been thinking about how the next Olympics is X years away and how old I will be. In 3 years I will be close the big 4-0, which is crazy to think about. Back in high school I used to think 30 was old. Well I am in my mid-30s now and…

omgmymoney student loan debt payment history

My $77,000 Student Loan Debt Progress as of August 2018

I am sure you have seen the articles about how the average college graduate has a 5 figure student loan debt amount. Here is an article from CNBC for a refresher. I ended up owing a 6 figure student loan debt upon graduation and defaulted. Fast forward more than 10 years and I still owed the US Department of Education nearly $77,000 total. The minimum monthly payment on my student loan debt is $826.24. For…

car payments

I Really Told Myself That I Expect to Have a Car Payment Forever

Just as recently as January 2017, one of my good colleagues and I were having a conversation around investing. One thing led to another and I made a money moron statement that made my colleague speechless. At the time I did not think much of it. I told my colleague that I have leased a new car my entire life ever since graduating from college and will be perfectly fine to have a monthly car…

stop bad financial habits

6 Bad Financial Habits That You Need to Monitor

All of us have bad financial habits, right? I had some horrific financial habits in my 20s and even to this day I still have not cut some of those bad habits. Are there bad financial habits that you are trying to quit? Here are 6 bad financial habits to monitor and eventually quit Buying coffee, munchies, or lunch nearly ever day – this is a matter of laziness. I admit it. I am way…

annual salary income

My Personal Example of What Annual Salary Makes Me Happy

I made a post about reaching my 6 figure annual salary goal and then I started doing some research around salary and happiness. I came across this article by MarketWatch. To sum up the article: Life satisfaction – $95,000 annual salary Emotional well being – $60,000 to $75,000 annual salary I am a single mid 30s male with no kids living in a vibrant city. Downtown living is expensive, but I am grateful for my…

financial planning 2018

How I Planned My Biggest Side Hustle Expense in 2018

I started planning for a major expense planned earlier this month (August 2018) to support my side hustle of buying and selling sports cards. Every year an annual sports card show takes place called The National Sports Collector Convention. 2017 was the first year I had gone to “The National” in more than 8 years so it was more about gaining the experience of attending a huge show and interacting with the big dogs who…

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