November 19, 2015
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Let’s Talk About Your Vehicle – Part II

In the last post, we examined the true cost of vehicle ownership, and compared the cost savings of purchasing a used, smaller vehicle in cash. To understand how the simple act of purchasing a different type of vehicle can powerfully impact your future, we will examine the changes in Helpless Hal’s financial position as he downsizes […]
November 9, 2015

Let’s Talk About Your Vehicle – Part I

If your response to the title of this article was “what vehicle?”, than you are already way ahead of the game. For the rest of us that still use a vehicle to get to school, work or road trips, then this article will discuss some important financial concepts connected with your car(s). Even if you argue […]
October 30, 2015

Magic Numbers for Personal Finance On-The-Go

If you’ve been an Early Exodus reader, you know how much I rely upon a Compound Interested Calculator to determine how much the money you save will be worth in the future if the money saved is invested. This is because it is often tough for us to visualize or understand the power of time and […]
October 24, 2015

Stop Cringing at “The Other F-Word”: Frugality

Believe me, I’ve been there before. You end up discussing personal finances or money with a friend, and at some point the friend mentions that they grew up in a family that was very “frugal”. At the mere sound of the word, you cringe a little. Poor friend, you think to yourself, such a deprived childhood. […]
October 16, 2015

Buy High-End Products – The Counter-Intuitive Cost Savings Concept

The title of this post may come as quite a surprise, especially following on the heels of a post ranting against spending the extra $5 for minimal increased value. Back in my early post-college years, I was obsessed with paying bottom dollar for purchases in order to boost my savings, so my shopping spots were Wal-Mart, […]
October 12, 2015

Why “It’s Just Five Bucks” is the Wrong Attitude

Fortunately, we don’t have to make tough decisions every day about big financial purchases, such as a house, furniture, a car or a television. Instead, the everyday decisions we usually have to make are relatively small and consist of around $20 or less. The lower the amount, and the easier it is to say, “oh heck, […]
October 6, 2015

How Expense Ratios May Be Killing Your Financial Future

As the saying goes, “there is no such thing as a free lunch.” This is mostly true for investing too, as brokerage firms need to pay salaries, overhead, brokerage and account maintenance fees. When investing in an exchange-traded fund, all these miscellaneous fees get melted down to form the expense ratio (ER). This is a percentage […]
October 3, 2015

The Myth of the Actively Managed Fund?

October 1st marks the beginning of a new fiscal year for the federal government, which means all federal agencies and officers are setting their budgets for the next year and getting their financial affairs in order. I decided to do the same with the intention of examining the various expense ratios and writing a post about […]
September 27, 2015

Be the General of Your Monetary Army

I come from a military family and enjoy reading autobiographies of top military leaders who triumphed in times of war. For every one of these brave men and women, their success can be attributed to three main factors: strategic thinking, daily discipline, and bold leadership. Very few of us will ever have the chance to lead […]
September 26, 2015

The Roommate Situation Reexamined

This post is primarily for the single Exodites out there, since those that are married are already saving mad money by sharing living costs — especially if on dual incomes. For everyone else, living alone is a choice, and a costly one at that. Many of us chose to live with a roommate in college in […]
September 24, 2015

I Lost $10,000 Dollars Last Week…And Why I Didn’t Even Flinch

If you’ve been following the news at all, you’ve likely seen the constant stream of panic and worry at the major drop in the stock market these past few months. Between July and September 2015, we’ve witnessed an 11% fall in the market, with almost every stock and sector being hit. Just today, I checked my […]
September 23, 2015

Is Building Wealth at Odds with Christianity?

A warning up front: this article is going to stray from the mainstream and speak to a more niche audience of Early Exodus readers. There are numerous financial independence websites out there that preach a straightforward message of: spend less, save everything else, and reach financial independence sooner. Most advocate a savings rate of 25-40% of […]