My Wife Made Twice My Salary Last Year – So I Cut Her Pay…?

My Wife Made Twice My Salary Last Year - So I Cut Her Pay...? #income #marriage #femalebreadwinner #communication

I am a red-blooded 207 pound driven former-athlete of a man that feels the intrinsic drive to provide for his family. I am evolutionarily wired to protect, provide, and reproduce, and whether I like it or not – many of my decisions are subconsciously influenced by these long-established forces that are well beyond my control. So, when I tell you that I cut my wife’s salary by 75% last year – does any part of you think it was because my ego couldn’t handle her being the female breadwinner…?   (I’ll get back to that)   (Photo courtesy of MKulp Photography)     Before you get out the slings and arrows, let me start with some facts – then some clarification   My wife is a dentist who owns our family business – 100%. And although I currently work a day job as a forensic scientist, many of my nights […]

Continue Reading

Wins and Losses Series: Kate from On Our Way World – “Follow your heart and remember that life is short”

Wins and Losses Series: Kate from On Our Way World - "Follow your heart and remember that life is short"

Hi, Team!   Welcome to another edition of MikedUp Blog’s Wins and Losses Series, where we interview a generous participant about 4 of the best and worst moments of their life. The point? To learn from the past so that we can improve in the future!   If you’re interested in participating in the Wins and Losses Series, please send me a note here (you don’t have to be a blogger to participate!).   Check out the complete Wins and Losses Series Here   This week we have: Kate from On Our Way World!   I was stoked to see that Kate had volunteered for the series – because honestly, I wanted a peek into how her (and her family of 4) continue taking such awesome adventures together! “They must have some interesting lessons to share,” I thought to myself – and Kate didn’t disappoint at all. So let’s get […]

Continue Reading

Why We’re Happy Taking a Few Extra Years to Pay Off Debt

Why We're Happy Taking a Few Extra Years to Pay Off Debt #SavingGoals #financialplanning #debt #saving

Guess what – Paying off debt at an accelerated rate can be harmful to your health… More than that, you may not be making the best decision for your financial future. “Why?” You ask – Being debt free isn’t the only mark of financial success. In fact, I’d argue that your saving goals can be significantly more important than being debt free…   Depending on your specific situation.     I met with our accountant last month, and throughout the first half of the meeting, I kept reinforcing a few of our current financial goals. “By throwing an extra $X at this loan, we’ll be able to knock that loan out 2 years sooner…”   I was focused on getting rid of a few of these debts we have as fast as we possibly could. And for a half hour, I lost sight of the bigger picture.   My accountant […]

Continue Reading

How to Host a Killer Holiday Party Without Going Broke

How to Host a Killer Holiday Party Without Going Broke #Holidayparty #budget #fun #family #thrifty

Hosting the annual holiday party is serious business. And with so many factors at play, it’s not difficult to send your friends and family away thinking, “Well, we’re not doing that again next year…” So here we’re going to cover the ins and outs of how to host a killer holiday party – without going broke!   (Photo courtsey of Randy Monfredi)   But first, a MikedUp Blog original:     As I unlaced my shoes and took a long deep breath, I quickly reviewed our entire battle plan in my head. Where were we exposed, did I plan for all potential contingencies, and what could come up during the conflict that I hadn’t previously expected? So many questions running through my mind and only a single white door separated the present from the future…   On one side of this door stood me – inside of my garage (…that probably […]

Continue Reading

Wins and Losses Series: Josh from Money Life Wax – “Be grateful for what you have”

Wins and Losses Series: Josh from Money Life Wax - "Be grateful for what you have"

Hi, Team!   Welcome to another edition of MikedUp Blog’s Wins and Losses Series, where we interview a generous participant about 4 of the best and worst moments of their life. The point? To learn from the past so that we can improve in the future!   If you’re interested in participating in the Wins and Losses Series, please send me a note here (you don’t have to be a blogger to participate!).   Check out the complete Wins and Losses Series Here     (Photo courtesy of Justin Montemarano)   This week we have: Josh from Money Life Wax!      Josh and I have worked together in the past – namely when we squared off on what to do with a large inheritance. So when he offered to participate in this series, I knew he’d have some great stories and lessons to share with us. But I had […]

Continue Reading

Help!! I’m Proposing and Need Some Financial Advice!!

Help!! I'm Proposing and Need Some Financial Advice!! #creditcards #proposing #highyield #savings #personalfinance

Hi, Team! From time-to-time, I’ll do a mailbag post where I’m literally answering questions from readers just like you! So if you’ve got a burning question or would like a second set of eyes on a financial, business, or fitness situation, please feel free to reach out on Twitter or via email and my answer to your question may be featured in a post!   (Photo courtesy of Justin Montemarano)   Today, I’m responding to Jake, who asked a few things about credit cards and online savings accounts (my comments are in bold italics here):   1- What’s the best way for me to pay for a wedding ring that I don’t currently have the cash for but will in the next 12-15 months (he’s proposing in the next 2 months), and what are some things I need to be thinking about? Is going with a 0% APR for a year […]

Continue Reading

5 Articles That I Absolutely Loved Last Month

5 Articles I Absolutely Loved Last Month #roundup #personalfinance #personaldevelopment #family #retirement

This post is a guest curation for Rockstar Finance, the leader in selecting and sharing the best personal finance content. To get the top money posts delivered straight to your inbox every weekday, subscribe to the Rockstar Finance newsletter.   (Photo courtesy of MKulp Photography)     “Reading is to the mind what exercise is to the body” -Richard Steele   Alright, Team – Since the blog has seen some pretty awesome growth in August, a few pretty crazy things have been happening: I’ve been hearing from more readers through emails, blog comments, and social media messages about the posts themselves (which is awesome, by the way – thank you!), I have seen more doors open up to me that would’ve otherwise not been there (thank you again!), and I have been interacting with so many more bloggers in the personal finance community and beyond (thanks thirdly…?)!   And it’s that […]

Continue Reading

How to Start Going Green – 13 Easy and Effective Ways!

How to Start Going Green - 13 Easy and Effective Ways! #environment #gogreen #sustainable #environmentallyfriendly

  Have you ever had a desire to start ‘going green’ (you know, using more environmentally friendly products and practices) but you just don’t know where to begin? Well, that was us just a couple months ago… And until I started asking my friends for some advice, I had no idea what to do, where to look, much less how to get started.   That is until I asked one of my ‘greener’ coworkers to help me with an intro guide on how to get started. Little did she know, I’d ask her to write a guest post for the blog as well… 😉And it doesn’t hurt that she’s also an accomplished writer! So let me get out of the way and let Sarah hook you up with the roadmap on how to start going green. Take it away, Sarah!     Hi, all! I am a coworker of Mike’s and […]

Continue Reading

You Want to Be a Millionaire – Start Not Acting Like it

You want to be a millionaire - start NOT acting like it

Have you ever had the experience when something hilarious happens to you at some point throughout the day… And you just can’t wait to get back to your wife and tell her all about it?   Personally, there’s the combination of fear that I’ll forget the most important details and just lack of patience that both provide me with a sense of urgency.   Combine that with the fact that these Grade A+ stories just don’t land well over the phone – so you know that waiting is what’ll provide the best result.   Well, a Saturday morning exactly one year ago provided me with one of these exact moments.   All courtesy of my neighbor. You know… the one that wants to make sure you think he’s a millionaire…? Oh, you know him, too? Cool.     His subterranean sprinkler system popped up from beneath the grass when he […]

Continue Reading

Wins and Losses Series: Bryan from Buck & Cents – “Housing prices plummeted 93%”

Wins and Losses Series: Randy - "I'm kicked out by my father in the only game he ever showed up to"

Hi, Team!   Welcome to another edition of MikedUp Blog’s Wins and Losses Series, where we interview a generous participant about 4 of the best and worst moments of their life. The point? To learn from the past so that we can improve in the future!   If you’re interested in participating in the Wins and Losses Series, please send me a note here (you don’t have to be a blogger to participate!).   Check out the complete Wins and Losses Series Here   (Photo by Al Emmert)   This week we have: Bryan from Bucks and Cents!     Bryan is a Dad, a Finance Manager, and a budget expert! He has been an extreme saver for most of his life, even before extreme saving was considered ‘a thing’! You can read about his goal of eventually saving up to $23.0 million (currently in the 6-figure range)! He started his site […]

Continue Reading