Mortgage Free or Huge Investments – Which is Best?

Mortgage Free or Huge Investments - Which is Best?

  I am thrilled to welcome back Jon to the blog! He’s written before about non-traditional wireless phone plans, financial resolutions for the new year, and paying off $89,000 in student loans with his wife – and living to tell about it. And today he has another treat in store for us! Jon and Heather (his wife) recently purchased a home, and in the time since that big-ticket buy, they’ve been weighing the pros and cons of paying off the mortgage early vs. investing their extra income (they were debt-free, after all…). In this post, Jon breaks down all the components of which is best – mortgage free… or huge investments?       Mortgage Free or Huge Investments – Which is Best?   When it comes to getting a mortgage, in the personal finance community I’ve heard everything from: “Pay off your home as early as you can,” all […]

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How Not to Have a Stress-Induced Heart Attack Before Age 35

How NOT To Have A Stress-Induced Heart Attack #Stress #anxiety #calm #meditate #peace

Sweaty palms, elevated heart rate, and the constant stream of incomplete yet highly punctuated thoughts… All the while, I was lying in bed thinking, “It’s 0200… GO TO SLEEP!” Which provided exactly 0% help for the situation.   Here we were with another one in a string of sleepless nights where it’s not an uncooperative child or a specific argument that’s got me all ‘riled up’ and thus not sleeping. Nope… What’s happening is an accumulation of 1,000 tiny stressors over the course of an extended period of time all compounding to produce what seems like immediate proximity to the breaking point. Whatever that means… I didn’t know how to characterize that point, just that it was near. And what seemed present on the other side didn’t sound so appealing.   (Photo courtesy of MKulp Photography)   I felt unhealthy and I needed to do something about it. But I […]

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So you Want to Teach your Kids About Money but Don’t Know How?

So you Want to Teach your Kids About Money but Don't Know How?

  In this Current Events Friday’s Post (CE-Friday’s), I’ll be letting you know about a brand new way to help parents teach their kids about money – and have fun doing it – with Family Money School.   CE-Friday’s – “What you need to know today in less than 500 words”     Alright, Team, one thing to mention up front – if you like what you see in the product below and decide to make a purchase through one of the links in this post, I’ll get a small kickback for referring you to the course at no extra cost to you.   Why do I mention that?    Well, a couple of reasons… I’m next to positive it’s the law, I value your trust and try to be as transparent as possible with all the content on this blog, and I’ve never directly pitched a product on the […]

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“I Need to Lose 25 Pounds of Baby Weight – Help!”

"I Need to Lose 25 Pounds of Baby Weight - Help!" #fitness #calories #weightloss #health

    “I need to lose this baby weight but I have no idea how…” Her words both excited and terrified me at the same time. You see, my wife had asked me for fitness help in the past. And while things were great at the onset, I became more like “hardcore drill sergeant” and less like “caring and supportive husband”. Ultimately she started doing her own thing, we quit working out together, and my workouts haven’t been as spicy or fun since…   That was about 7 years ago and stasis has persisted from that moment forward.   Until today.   Today my wife was able to overcome the memory of me being an overly intense coach and the one who drove her away from P90X3 for good, all because she now faces an obstacle she’s never seen.   The woman was a track star, college volleyballer, and has […]

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The New Dad Survival Guide you Didn’t Get at the Hospital

The New Dad Survival Guide you Didn't Get at the Hospital #parenthood #firsttimer #dad #girls

  You leave the hospital after 9 months of preparations, hormones, long nights of crib construction/nursery preparedness, breast pump assembly, car seat checks, YouTube parenting video watching, and – oh – watching childbirth (bonus points if you’re in the O.R. for a C-Section – I’ve got 2 of those badges, thank you very much), and you’re smiling ear-to-ear because that baby is finally in your arms. But let’s get real… You’ve got no clue what you’re doing. But don’t worry – I got you. This is the New Dad Survival Guide they didn’t give you at the hospital – that you so desperately need.     Do you remember that time you were watching that movie with the Navy Seals and you were thinking, “Man these guys are tough. They never lose, they’re all rock solid, and they always kill the bad guy. I mean, I know it’s the movies […]

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Was it a Terrible Time for a Mortgage Refinance??

Was it a Terrible Time for a Mortgage Refinance?? #economics #mortgage #refinance #personfinance

  Well, slap me twice and call me ‘Mikey’, because I went and out-thought myself again – (just like when I lost 66% of our net worth). I got a little too cute, played a little fast and loose, and lost sight of the bigger picture. Or did I…? In December, 2018, I thought it was the perfect time for a mortgage refinance. Was I right, was I wrong, and is my wife still talking to me?   All this and more – below!     (Photo courtesy of Al Emmert)   First, the mortgage refinance “before” details so we can set up the “after picture” you’re all waiting for   In 2015, we purchased our home on a 7 year ARM (Adjustable Rate Mortgage) at a 4.15% interest rate. (Translation: We were locked into the 4.15% interest rate for 7 years, then our rate would have the ability to […]

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To New Beginnings, Well-Wishes, and a Heart-Felt “Thank You”

To New Beginnings, Well-Wishes, and a Heart-Felt "Thank You"

Keeping on brand with my “Year of Change,” and after receiving a shocking 2-weeks notice from one of our 5 employees, I will be officially ‘retiring’ from my cushy state job as a forensic scientist today – March 8, 2019 – after 7.5 years on the job. And although my wife, coworkers, and (former) boss all have an issue with me using the word ‘retirement’ 😉 – the facts are that I’ll no longer be working where I’ve worked for over 7 years. I’ll not be collecting that ‘very nice’ paycheck with it’s ‘very nice’ benefits. And frankly – I’m both terrified and overjoyed…   This is the farewell email I sent to my coworkers earlier, and as you can tell – this place left a huge mark on my life.   (Photo courtesy of Justin Montemarano)   …To New Beginnings, Well-Wishes, and a Heart-Felt “Thank You”     I’ll be […]

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Why I Write About Business and How YOU Benefit

Becoming a business owner was one of the most exciting and terrifying moments of my life. Here are the 5 resources that helped me most along the journey #business #personaldevelopment #goals

  Three years ago, my wife and I willingly jumped into the entrepreneurial deep end. And at that moment, effectively put our family under a near 7-figure sum of debt that we won’t shake loose from for a decade. Were we scared at times…? No – we were terrified, stressed, and on-edge for nearly 2 years. But looking back from the other side, I wouldn’t change those nerve-wracking years for anything. They’re what allowed us to pursue and fulfill our professional dream of becoming business owners.   Since we took that leap, our family and our business have been on a rollercoaster ride complete with tremendous highs and some… teachable moments. We earned 140 5-star reviews in our first year of business Grew by 8.7% in our first fiscal year Got blindsided with a 2-weeks notice from one of our most trusted employees Almost went bankrupt (and one of our proudest accomplishments) helped […]

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MikedUp Blog Turns 3 Years Old – And Exciting Updates!

    If you would’ve asked me when I started this blog if I expected to still be writing posts in 3 years, I honestly don’t know what I would’ve expected…   I’m equal parts confident and pragmatic, and the truth is – I probably would’ve wrestled with that question a bit.   I mean, 3 years is a long time   Three years ago we had a 1-year-old daughter, I was still into running half-marathons, my wife and I were both working for other people, she was fresh out of dental school, and we hadn’t realistically considered the prospect of owning our own business.   But here we are – 2 kids, strength training with cardio infusions, new jobs, school a distant glimmer in the rearview, and working together on our family business…   …And I’m still writing… and loving every minute!!     First off – Thank You!  […]

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Introducing a New Series on MikedUp Blog!!

    (Photo courtesy of Al Emmert)   Well, we had a great thing going there… For 41 Friday’s in a row, we shared with you 2 of the greatest and 2 of the worst moments from a generous writer’s life to this point in MikedUp Blog’s Wins and Losses Series.   There were debt payoffs, ejections from your kid’s little league games, diagnoses, hot takes, suicide attempts, and everything in between…   I started the Wins and Losses Series for 1 reason alone – to learn from other’s experiences so that we could all improve together. And reflecting from the other side of this series, I’d say we accomplished that mission.   But I feel the time has come to close the chapter on the series.   It’s been a great run, but honestly – I’ve got something shiny, new, and (hopefully you agree) exciting to take its place!! […]

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