Archive for the Retirement

I Sold All of my Company Stock

I logged in to check my 401k performance the other day and realized that about 35% of my 401k portfolio was in company stock.  I personally don’t allocate my contributions to company stock, so it was all from the company match.  While I am thankful for the 401k match, I also don’t like having that much of my 401k tied up in company stock.  I don’t know much about investing, but I do know that it’s not good to have your eggs in one basket, especially in your company stock. I am reminded of a couple years ago when the bank I work for was not doing so well.  At one point our stock was $45 a share.  Before we were bought out, our stock was down around $2.  Many people, including the branch manager and licensed investment adviser, had their entire 401k in company stock.  To say they lost money would be an understatement.  Unfortunately, I know this happened to many others as well, and not just those who worked at the bank. I sold all the stock and […]

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Let’s Talk About Stocks, Baby

photo credit: Ponzi_Unit This post is from wifeish, who believes “More money = better wine.” Check out her blog at Wifeish Money. Let’s talk about the stock market. Don’t worry! I have GOOD news! First bit of good news? Investing in the stock market can be very simple. In fact, for the average Jane or Joe there are only a few types of funds your money should be parked in. Where to start? If your company offers a 401k contribution program sign up! You can choose an amount to be deducted from every paycheck which is then placed into an investment fund. How much to put in? If your employer offers a match, put in the minimum amount to get that free money. My company matches my contributions up to four percent. Since we are trying to build up our emergency cash fund, we only contribute that four percent. Once we have a big fat piggy bank full of emergency money we will probably up that amount. Did I mention that your 401k money is taken out before taxes? Bonus! […]

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Know Yourself to Make the Most of Your Finances

This is a guest post from Evan, who writes over at My Journey to Millions. Be sure to pop over to his site and subscribe to his feed! The Temple of Apollo at Delphi has a phrase carved into it.  Its translation? Know Thyself.  The Greeks knew it over 2,000 years ago!  While I don’t think there is one way to achieve financial independence and wealth (regardless of what those terms mean to you), I do believe there is one common denominator of those that actually meet their goals.  It is all about knowing yourself and either protecting yourself from…yourself, or, alternatively, encouraging those good qualities you may have. The world is what it is, and there are very few people that will be able to change the world, so most people have to adapt. How does this Apply to Personal Finance? For example there are 2 camps when it comes to using cash only vs. using cards.  I know I can’t carry cash on me, if there is cash on me it is gone, and I am not one […]

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    Welcome! I'm Mrs. Money and I lead a frugal, simple, and debt free life on a modest income. I make money online to help support our family. I believe in saving money, living green, and enjoying life!

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