DR 048: How to Deal with Your Debt–An Interview with Author Liz Weston

Liz Weston

The four letter word of personal finance is debt.  Most of us have it; none of us wants it.  I’ve written a lot about how to get out of debt.  Today I’m excited to have Liz Weston, author of Deal With Your Debt, on the podcast. We cover a lot of questions about debt, credit, […]

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Published or Updated: March 30, 2014

DR 047: How to Value a Coin Collection

1878 S Morgan Silver Dollar MS65

I recently started collecting coins. I only have a handful right now: mainly Morgan silver dollars. I tend to just pay $40 or $50 for a nice coin, and I don’t have a particularly valuable collection. I just enjoy collecting them. One of my coins is a Morgan silver dollar from 1878. It’s an S […]

Published or Updated: March 30, 2014

Take Advantage of the IRA Catch-Up Rule

Google spreadsheets future value function

In reading about retirement lately, I’ve been reminded of an important money tip. If you’re 50 or older, remember to take advantage of the $1,000 IRA catch up contribution. When you’re 50+, you can contribute more to an IRA than younger folks can. That extra $1,000 added to the limit can make a big difference. […]

Published or Updated: March 27, 2014

DR 046: 4% Retirement Withdrawal Rule–An Interview with Vanguard’s Maria Bruno and Colleen Jaconetti

Vanguard Investments

What do retirement planning professionals from Vanguard have to say about retirement topics like the 4% rule? In today’s podcast I interview two investment analysts at Vanguard with over 35 years of combined experience – Maria Bruno, CFP and Colleen Jaconetti, CFP. We talk about everything from the 4% rule to portfolio balancing issues to […]

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Published or Updated: March 26, 2014

The Power of Compound Interest. . .Even Math Geeks will be Amazed

compounding a penny

Recently, my friend Jay Monee over at Budgets are Sexy wrote an article about the power of compound interest. (You may remember Jay from my interview with him on how he makes money online.) In his article he asked a great question: “If you start with a penny on day one, and double it every […]

Published or Updated: March 25, 2014

DR 045: How to Diversify Investments When You’re Just Starting to Invest

diversifying investments with little money

New investors face unique obstacles. There’s the learning curve. Clear that and there’s still the hurdle of having little money to invest (although there are easy solutions to that one). And then there’s the question of executing an asset allocation plan when you have little capital. That’s the question a reader named Daniel recently asked: […]

Published or Updated: March 24, 2014

The Best Online Mortgage Calculator. . You won’t believe what it can do

Best Mortgage Calculator

There are an endless supply of online mortgage calculators. Most of the big personal finance sites have. The best one, in my opinion, is one you’ve probably never heard of: Karl’s Mortgage Calculator. You’re probably asking who the heck is Karl? I have absolutely no idea. Well, that’s not entirely true. I’ve emailed Karl from […]

Published or Updated: March 24, 2014

DR 044: 10 Tips on Using Balance Transfer Credit Cards to Get Out of Debt

10 Balance Transfer Tips

A reader named Kathleen recently emailed me with a lesson she learned with balance transfer credit cards: Hi Rob, I just rolled over one of my credit cards to another at 0%, which has been very successful for me at paying off credit card debt. But I realized in retrospect that I did not do […]

Published or Updated: March 24, 2014

Quick Tip: How to Use Excel to Calculate the Monthly Payments on a Loan

Excel function

Most of us probably forget much of the math we learned in high school or college. There are times, however, when a little math can help us with our finances. One such time is when we need to calculate the monthly payment on a loan Whether we are considering a car loan, student loan, or […]

Published or Updated: March 19, 2014