“You’re Crazy to Have a Single Fund Portfolio…”

"You're Crazy to Have a Single Fund Portfolio..."

  I saw a headline during my morning blog reading the other day that jumped out to me as ‘crazy talk’. I guess as far as the blogger is concerned, the headline worked – it grabbed my attention. But once I gave up the sacred click and dove into his post, I started thinking to myself that a single fund portfolio is reckless, at best. And at worst – catastrophic.    “Investing in a single fund portfolio is just downright crazy,” was my stance    Then all I had to was find the information to back up my claim…    #ScienctificMethod   As I researched and contemplated over the course of a few days, my data backed up my hypothesis. Not diversifying is dangerous.     But on Research Day 3 – I noticed a scarlet letter forming on my chest   “H” is for “Hypocrite”, Mike.    Or   “F” […]

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“911 is on the Way, Placenta Ruptured, Don’t Know About Baby…”

“911 is on the Way, Placenta Ruptured, Don't Know About Baby..."

  “911 is on the way. It looks like her placenta ruptured and I don’t know if the baby’s going to be OK…”   It took a full moment for the gravity of those statements to sink in. I was just coming back from lunch and aside from the phone in my wife’s hand and the look on her face, all seemed business as usual. We had patients in chairs, staff working their usual jobs, and folks in the lobby all presently uninformed to the fact that 2 lives were in danger.    ‘Grave danger?’    ‘Is there any other kind?’     But in just a few moments, that scene would change…   “Got it. What can I do?”   And as I waited for my wife’s response, I looked over her shoulder and saw a friend, colleague, one of our original 2 employees, and most importantly a 35-week […]

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It’s a Summertime ‘Mike’ Drop – See you Soon!

  Hey, Team!   I interrupt your regularly scheduled programming to say that MikedUp Blog is going to be out on sabbatical for the remainder of the summer   After writing, publishing, editing, and sharing 3 posts with you each week (at a minimum) for the past year, I’m taking some much-needed downtime to do a few things… Spending time with my girls and family Beach volleyball Work on our business Vacation And actually spend what seem like the first moments of true ‘downtime’ I’ve had in a few years   I’ll miss you guys for these few weeks, but if you’re still looking to connect – I’ll be checking the email regularly and yes… I’m back on Twitter.   I’m looking forward to spending some time learning and experiencing so that I can come back recharged and ready to write articles that engage you, make you think, and hopefully […]

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My Best job; My Worst Job – and What I Learned From Each

…Server, landscaper, men’s fragrance salesman, dock worker, restaurant expediter, ballpark vendor, childhood entrepreneur, big kid (adult) entrepreneur, quality supervisor, grad student researcher (I know it’s not really a job but it was – at times – incredibly fun work), teaching assistant, forensic scientist, restaurant host, laboratory technician, auditing manager, telemarketer, training director, and now CEO. These are all positions I’ve held at one time, and if we’re playing former job BINGO, as a 32-year-old, I like my chances…   (Photo courtesy of MKulp Photography)   What’s more, reflecting back on all of these opportunities a couple of things come to mind first: I’m lucky to have had so many vast experiences across so many industries, and I really didn’t have any idea what I wanted to do with my life, did I?   The good news for me and the fam’ is that I have a pretty solid handle on […]

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Entrepreneurship Uncensored – The Good, Terrible, and… Bankruptcy?!?

Actually owning a business - The Good, Terrible, and... Bankruptcy???

  Two years ago we pulled the trigger on something crazy… Something that would change the course of our family’s financial future in a significant way – good or bad. My wife and I bought a dental practice on June 30, 2017, and in the time since that purchase we’ve learned, grown, sobbed, soared to new heights, and everything in between. Owning a business isn’t a walk in the park…   This is the story of that journey, probably in it’s best iteration – told nearly entirely through GIFs.    They say a picture’s worth a thousand words. Well, these GIFs are made up of a few pictures each, and there are about 30 of them so – I’ve got about 100,000 words down here. Enjoy the ride!   (Photo courtesy of Justin Montemarano)     Actually owning a business – The Good, Terrible, and… Bankruptcy???   My wife never […]

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What is a Reverse Mortgage, and is it Right for You?

  Still asking, “What is a reverse mortgage?” Well, so was I… I’ve seen the commercials, and while Tom Selleck’s mustache is ‘on point’, does he actually have any clue what he’s talking about?     It always gets me seeing these wealthy actors trying to relate to “the common American” as they discuss the financial decisions “all of us have to make”… I mean, c’mon, Tom – we all know you’ve been on either Magnum PI or Blue Bloods for the past 45-ish years. Don’t come at me trying to make us think you’ve actually considered a reverse mortgage, let alone actually know what one is and how it works.   But that mustache… Any man with that capability surely has at least some of his ducks in a row.   So while I honestly had no clue what a reverse mortgage is, I had to enlist some guest posting help. Melissa […]

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Science Explains Why the Debt Snowball Will Make you Debt Free

  I was an early adopter (in my peer group) of Dave Ramsey and his snowball method some 10 years ago. My wife and I were just two kids – young and in love – and like most young couples in 2008, we had what we thought was a ton of debt… Little did we know the actual mountain of debt that would await us just a few short years later (but that’s not completely relevant here) ;).   So when I rented the Total Money Makeover and took it with us on a vacation to Mexico (are you seeing the irony here???), Dave’s book changed our lives for the better when, financially speaking, we were at a major fork in the road.   Until now, I never really sat down to analyze why the Total Money Makeover worked for us, I just knew that it did (and for many […]

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Can You Buy a House And Have Student Loan Debt…?

Can You Buy a House And Have Student Loan Debt...?

  Baby I’m a rebel… Soul Rebel.     What I mean to say is that I don’t mind bucking a few trends or commonly held beliefs from time to time. One of those bucked trends was us buying our home while already under a mountain of student loan debt.   We had our reasons and we wouldn’t change that decision if we had the opportunity to, but many others would strongly advise against such a choice. For example, trying to decide between paying off the mortgage early or investing – I can see both sides.   Same goes for buying a new car vs. leasing… I hear both arguments. Although late car payments are becoming a frightening trend these days.   In any case, there’s an argument to be made. And today’s battle is no different. My friend, the Debt Free Dr. is here to give us all the […]

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What you Absolutely Need in Homeowners Insurance

  When we set out to buy our home, we knew we needed homeowners insurance (because our lender told us so). But we had no idea what level of coverage we needed or what coverage was vital and what we could do without. I could navigate the hurdles of changing interest rates when we refinanced our mortgage, but when it came to coverage, I was lost. So today I’m stoked to share this post – homeowners insurance coverage explained.   With the ease of a sharp knife cutting through warm butter, I’ve made financial mistakes surrounding our mortgage… Like paying the mortgage twice in December (by accident) and waking up to a “Bank Overdraft” alert after paying our mortgage (among other things).   And because I’m still learning in the homeowners insurance department, I’ve enlisted the help of some of my friends at Consumers Advocate to help us all better […]

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I Remove Collision Insurance – We Get in a Collision

I Removed Collision Insurance - We Get in a Collision #Saving #AutoInsurance #Budget #Accident

File this under the “full disclosure” section of MikedUp Blog… Last week I wrote all about the awesome financial benefits we’d have by removing collision auto insurance from our decade-old vehicles.   “It’ll be great,” I said. “We’ll save hundreds… or thousands if we can stay in these cars for a few more years.” And in my defense, I wasn’t wrong on that point. But there’s that word: ‘if’   Well, it just so happens that one of our vehicles was in a collision… Precisely 3 weeks after I wrote the initial post and subsequently stopped the collision insurance. And as it turns out, there aren’t a ton of savings via lower premiums in 3 weeks. So the benefits of removing collision insurance on that car were about, roughly, close-to… $0.   And zero cents.     Ok, now that those numbers are out of the way – here’s the […]

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