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2014


Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).

For more information, read this introduction.

This year, we have four participants who will share their financial reports, exposing the results of their financial choices. Each participant is paired with one of our Certified Financial Planners. The experts will provide insight and guidance that will help our participants take their finances to the next level by the end of 2014. Learn about this year’s participants and experts.

Betsey works as a government analyst, and lives with two roommates to keep costs down. She is saving aggressively for retirement so that she can retire comfortably and start a business brewing craft beers. (Read her update from last month.)

After reading Betsey’s comments, you can see video commentary from Sara Stanich, CFP. Sara Stanich appears courtesy of Stanich Group and Cultivating Wealth. This month, Betsey will share information about her short-term financial goals.

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Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).

For more information, read this introduction.

This year, we have four participants who will share their financial reports, exposing the results of their financial choices. Each participant is paired with one of our Certified Financial Planners. The experts will provide insight and guidance that will help our participants take their finances to the next level by the end of 2014. Learn about this year’s participants and experts.

The combined household income for Laura and Leon is more than $125,000 a year. They want to tackle their student debt, the result of advanced degrees, since their undergrad was paid for by their families. They want to start a family soon. Laura and Leon have not been paying attention to their finances, and are trying to get out of their complacency. The idea is to actively take steps to improve finances. (Read last month’s update.)

After reading Laura and Leon’s comments, you can read commentary from Roger Wohlner, CFP. Roger Wohlner appears courtesy of The Chicago Financial Planner. This month, there is a focus on changes to income.

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Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).

For more information, read this introduction.

This year, we have four participants who will share their financial reports, exposing the results of their financial choices. Each participant is paired with one of our Certified Financial Planners. The experts will provide insight and guidance that will help our participants take their finances to the next level by the end of 2014. Learn about this year’s participants and experts.

Brian and his wife have two young children. Not too long ago, Brian’s wife began staying home with the kids. They have very little credit card debt, since they usually pay off their credit card balances every month. They have student loans and a mortgage. Brian and his wife want to help their children pay for college, but they know that building up retirement has to come first. (Read Brian’s update from last month.)

After reading Brian’s comments, you can see video commentary from Jeff Rose, CFP. Jeff Rose appears courtesy of Good Financial Cents and Life Insurance By Jeff.

Read the full article →

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Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).

For more information, read this introduction.

This year, we have four participants who will share their financial reports, exposing the results of their financial choices. Each participant is paired with one of our Certified Financial Planners. The experts will provide insight and guidance that will help our participants take their finances to the next level by the end of 2014. Learn about this year’s participants and experts.

Jake and Allie are animal lovers who enjoy their pets and have no plans for children. Both are committed to early retirement. While they plan to live entirely off their nest egg, Jake and Allie are both interested in owning side businesses. The couple enjoys travel and make it a priority to take trips throughout the year, using part of their combined $140,000 income to enjoy life now. (Read their update from last month.)

After reading Jake and Allie’s comments, you can watch a Google Hangout they participated in with Financial Planner Neal Frankle. Neal Frankle appears courtesy of Wealth Pilgrim and MCMHA.org. This month’s Naked With Cash focus is on planning for income disruptions.

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How Does a Company Care About Its Employees?

by Luke Landes
Building

I’m in the middle, well probably the beginning, of a long-term organization project. I’ve accumulated a lot of stuff over the years, particularly since moving into a larger apartment seven years ago. If I want to live a more mobile life, I need to downsize somewhat. In this process, I came across a plaque I ... Continue reading this article…

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Does Getting Married Increase Wealth and Income?

by Luke Landes
Marriage

The Urban Institute has issued a report stating the Millennial generation will have the lowest rates of marriage by age 40 than any previous generation. The report contemplates a variety of reasons for this shift, including a reduced role of marriage in a family household and the effects of the latest recession. But what does ... Continue reading this article…

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Overcoming Competitive Inertia: Stop the Comparisons!

by Luke Landes
Marching Band

I grew up in competition. It was a part of my life, all over the place. And sometimes competition moved me to push my self far, motivating me to be excellent, and in other cases, competition broke down my will to excel. An individual reacts to competition different depending on the psychological factors, the situation, ... Continue reading this article…

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Microsoft to Lay Off 18,000 Employees: How an Acquisition Affects Your Job

by Luke Landes
Microsoft

Over the next year, Microsoft’s executive management plans to lay off 18,000 employees, including factory workers and those in professional positions. Redundancy. As Microsoft acquired new companies, at least according to the news reports that tend to take a company’s press release and spokesperson responses at face value, they have the potential to take advantage ... Continue reading this article…

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Wealthy Shanghai Teens Are More Financially Savvy Than Average Americans

by Luke Landes
OECD Chart

The Organisation for Economic Co-operation and Development (OECD) recently conducted a study, presenting a financial literacy test to fifteen-year-olds around the world, and has now published the group’s findings. The sample included 29,000 teens from eighteen countries (or, in the case of Belgium and China, two communities, Flemish and Shanghai). The test is designed to ... Continue reading this article…

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If All Investments Are Expensive, Where Can You Invest?

by Luke Landes
Dinosaurs

Neil Irwin at the New York Times points out that all asset classes around the world are expensive compared to their historical prices. If that’s the case, is there any investment class available that has the potential to provide great returns over the long-term? Stocks and bonds; emerging markets and advanced economies; urban office towers ... Continue reading this article…

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If You Don’t Like Your Job, Get Another One

by Luke Landes
Fluffy Clouds

This “duh” advice is handed out frequently, but it may not be applicable to everyone who hears it.

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Grow Your Dough Throwdown: Second Quarter Results

by Luke Landes
Grow Your Dough Throwdown

Here’s my latest Grow Your Dough Throwodwn update as well as some information about the companies I’m investing in.

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What Is the Best Savings Rate?

by Luke Landes
Piggy Bank via Flickr

People like rules of thumb and quick answers. When a complicated question can be answered by an authority with a simple response, the reaction is likely to be one of two possibilities: a feeling of well-being and satisfaction if the questioner is meeting the requirements, or motivation to improve if the ideal situation is not ... Continue reading this article…

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Self-Proclaimed Experts and Other Potential Bad Choices

by Luke Landes
Expert [via Flickr]

Who do you know that calls himself or herself an expert in order to gain customers? Should you avoid people who market themselves aggressively in this fashion?

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Naked With Cash: Betsey S, May 2014

by Luke Landes
Betsey - Naked With Cash 2014

Betsey S presents her latest financial reports and analysis for Naked With Cash.

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What I Learned on Father’s Day

by Luke Landes
Father's Day

I met my dad for dinner on Father’s Day earlier this month, and we had a deep and somewhat difficult discussion.

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Naked With Cash: Laura and Leon, May 2014

by Luke Landes
Laura and Leon - Naked With Cash

Laura and Leon offer their latest financial update for Naked With Cash, a series on Consumerism Commentary where readers track their finances.

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Naked With Cash: Brian, May 2014

by Luke Landes
Brian - Naked With Cash

Brian offers his family’s latest financial update for the Naked With Cash series on Consumerism Commentary.

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Naked With Cash: Jake and Allie, May 2014

by Luke Landes
Jake and Allie - Naked With Cash

Jake and Allie present their latest financial reports for the series Naked With Cash.

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5 Tips for Paying for Health Care During Early Retirement

by Luke Landes
Nurse and Patient via Flickr

The issue of healthcare is one that keeps people in jobs far longer than they’d like. I’ve seen up close how someone with chronic health issues must deal with these choices, and in certain situations, the choices can be difficult. Medicare coverage doesn’t begin until age 65, so where does that leave someone who stops ... Continue reading this article…

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