May 23

Today’s very clever title comes from the fact that my Family (i.e. my wife and daughter) and I were in NY yesterday to attend the graduation celebration for my cousin. It was a great time, always good to see the relatives. In general, I prefer weddings and other celebrations to funerals, but of course it depends on who is getting married or buried.

This week, I enjoyed Jeff’s How To Make a Second Job Work. Jeff is the blogger behind Deliver Away Debt, and I’ve been following his tweets and post for some time now. He decided to take action and get a part time job delivering pizza to get his debt in order. For every dozen people who can’t raise extra money for one excuse (oh, right, they use the word “reason”) or another, there’s a Jeff who has managed to get his finances on a good path and shares his story to provide inspiration to others.

At Smart On Money, Mr Money asks If Your House Is Worth Less Than You Owe, Is It OK To Just Stop Paying Your Mortgage And Walk Away? It’s an ongoing question. And one that can be viewed as “Is a mortgage a financial contract or a moral obligation?” I have to ask, by what standard is the other guy playing? Is he bringing a gun to what was supposed to be a fistfight? Curious that the individual is expected to act with moral conscience yet the corporation seems to have neither.

Financial Samurai suggests we grab An Extra Seven Hours a Week. Sam has been used to six hours of sleep per night, so he’s really 14 hours a week ahead of me. An extra full workweek of time per month.

Redeeming Riches posted a Mortgage Refinance Calculator to help you decide whether such an endeavor is right for you.  As I posted earlier this week, I just applied for One More Refinance, and with no closing costs at all, decide I had nothing to lose.

Craig Ford at ChristianPF offers a selection of suggestions by advisers telling us How Much Should I Save For Retirement? It seems the most common number was 10%. Of course, a general question will have an answer like this, and I think 10% is as good a number as any. Of course, to get more accuracy one’s age, income, and present retirement account balance would be the first step.

To wrap up this week, eventual Millionaire offered a list of 10 Money Saving Websites. Considering my affection for lists and saving money, this post really hit the spot.

Have a great week.
Joe

(image courtesy of Priscilas Cookies & More LLC)

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9 Responses to “A Post-Graduate Roundup”

  1. Financial Samurai Says:

    Thanks for the inclusion Joe. Hmm, it’s 6:02am on a Sunday morning and true to form I’m up commenting here. :)

    Is there a widget or a place I can click to easily share your post on Twitter?

    Cheers, Sam

  2. JOE Says:

    I’ve not added that yet. I guess I need to take a look and make some site adjustments. Thanks, as always.

  3. Augustine Says:

    Any contract is a moral obligation, it’s one’s word, or rather, promise to fulfill it. However, in order to protect one’s family’s welfare, the payments towards that contract may stop, not as a direct act, but as a consequence of the intended protection of one’s family. This is known as the principle of double effect: http://en.wikipedia.org/wiki/Principle_of_double_effect

  4. JOE Says:

    Thanks for sharing that, I’d not seen that concept before.
    My hesitation on this topic stems from the way it appears businesses will be created in a way to protect the parent company from that individual endeavor. A venture capitalist will put up funds, get a huge chunk of the profit, but not be liable for the end company going under. The analogy may be a stretch, I admit.

  5. Jason @ Redeeming Riches Says:

    Joe – thanks so much for the include!! ‘Preciate it sir!

  6. Jeff @DeliverAwayDebt Says:

    Hey Joe, that cake looked yummy.

    Thanks for the inclusion. I like the “reason” wording. It’s so true. I get sick of people saying that can’t make the sacrifice. I work with two people at the Pizza joint that keep saying there are no jobs out there. All the while I have two jobs, a second pizza dude has 2 jobs, and a third one has 3 jobs. Yet these other guys refuse to see that fact. I guess that’s why we them Lazy number 1 and Lazy number 2.

    Have a great week Joe,

    jeff

  7. JOE Says:

    A few months back, a woman posted on a blog that she and her husband couldn’t make ends meet, missing by about $200/mo. All my suggestions on budget/spending review were nixed. I pointed out articles that listed 100 ways to bring in some small extra income, citing your story as well. One excuse after the next. “All you smart people have no advice for me?” She didn’t want advice, honestly, I don’t know what she expected.

  8. Roshawn @ Watson Inc Says:

    Great selection of articles. 4hours/night… how do your survive long-term?

  9. JOE Says:

    Bad choice of words on my part. Sam has 14 more waking hours. I’ve been at 8 hours/night.

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