How would I spend a $100 cash gift – today?

I got the idea for this post by reading one of the many blogs I subscribe to. I enjoy reading other’s work for educational purposes, to get inspired by their experiences, and to sometimes get a post idea. This one comes from J. Money at Budgets Are Sexy, where he asks: “What would you do with a $100 gift?” As of this writing, there are over 600 comments on the article (a lot of people are looking for that C-note…) and they range from inspirational to head-scratching. Feel free to check them out but here’s my honest response:     $100 feels a little different these days compared with what it meant in years past and I’m not sure if that’s a good or bad thing. Since buying our business (MFD), spinning the tires, and finally gaining some traction I have challenged myself to remember the days where Monica and […]

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Shout-out: Mr. Money Mustache (Why bitcoin is stupid)

Hello all! Our Saturday morning shout-outs highlight a post/article/book/other that I’ve come across lately that deserves exactly that: a ‘shout-out.’ The goal here is to hopefully introduce my readers to other authors or bloggers that have had an impact on me, my writing, and my life.   This week’s shout-out is: Mr. Money Mustache’s Why bitcoin is stupid …(and this one is action-packed, let me tell you) Oh, my… If you’ve found yourself hearing about ‘bitcoin,’ ‘blockchain,’ or ‘cryptocurrency,’ but you still don’t understand exactly what this relatively new form of currency is all about… Or if you’re thinking about investing in this new ‘investment’… then this is the article to get you started.   You can probably tell by the title what Mr. Money Mustache’s stance is on the subject but you may or may not know much about the author himself. In my rudimentary opinion, Mr. Money Mustache is […]

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Shout-out: Mustard Seed Money (My 2018 Goals: Stretching Myself)

Hello all! Our Saturday morning shout-outs highlight a post/article/book/other that I’ve come across lately that deserves exactly that: a ‘shout-out.’ The goal here is to hopefully introduce my readers to other authors or bloggers that have had an impact on me, my writing, and my life.   This week’s shout-out is: Mustard Seed Money’s My 2018 Goals: Stretching Myself   Like last week’s Shout-out recipient (Mad Money Monster), Mustard Seed Money (MSM) is a blogger I’ve subscribed to for a while now and as I’ve been ramping up to re-launch in 2018, MSM is a blog I’ve been diving into quite a bit. For one, his financial philosophy lines up well with mine, and on top of that – I’ve gotten some great inspiration from his posts. This one, in particular, prompted me to take my own goals out of my private notebook to share on my blog. MSM wasn’t afraid […]

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Shout-out: Mad Money Monster (F.I.O.R. – Financial Independence Optional Retirement)

Hello all! Our Saturday morning shout-outs highlight a post/article/book/other that I’ve come across lately that deserves exactly that: a ‘shout-out.’ The goal here is to hopefully introduce my readers to other authors or bloggers that have had an impact on me, my writing, and my life.   This week’s shout-out is: Mad Money Monster’s F.I.O.R. – Financial Independence Optional Retirement   Mad Money Monster (MMM) is a financial blogger that I’ve subscribed to and read for a few months now, and as I progress through her older posts, I’m continually impressed with the quality of both writing and content that MMM shares. This article, specifically, is the one post I wished I had written most last year – but if I can put my jealousy aside for a minute, head over to her page and check this one out.   If you are not aware yet, there is an ever growing […]

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Happy holidays! Regular posts to return in the New Year!

Team, It’s been a minute… I apologize for the extended absence over the last two months but no worries, I come back bearing good news. More about that in a minute. First, I hope this holiday season has been tremendous thus far, and that you are able to spend great quality time with family and good friends. We’ve been working hard on getting our business up and running (definitely more about that to come), traveling to see family, and preparing for the Christmas season we so enjoy. It has been a busy few months and my first post will detail a little more about why I haven’t published anything lately, but let’s just say starting a business while being a respectable husband, father, and full-time employee of a different business can be challenging if your priorities aren’t straight. I don’t want to get too far ahead of myself here so […]

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What should I do with my credit cards? (Mailbag)

Hello Team,   This week we have another ‘Mailbag’ edition. For those not familiar: the questions I receive that either can’t be answered in a short tweet, with a quick text or if the question may be helpful to more than just the (question) poser – I’ll share my answer as a post. I hope you find this one enjoyable and helpful.   Best,   -Mike     Good Afternoon,   Mike, first off, love the blog.  My question came after reading your recent article about credit cards and rewards. I wanted to know what you thought is a good or reasonable amount of credit cards to have? Also, what do you think about adding new cards and canceling other cards? Or just having cards that you don’t use a lot? I’ll give you an example I have had a (1)capital one credit card: for about 2 years. that I don’t use often […]

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Burning, shredding, and other ways we throw away credit card rewards points

As of this writing, credit card rewards are a tax-free kick back from various credit card companies for using their services. The various credit card companies offer rewards incentives in an effort to bring you under their umbrella, put their card in your hands, and thus have you spend cash using their services.   They have the ability to make money a few different ways:   Annual fees, Interest they charge you if your balance is not paid in full at the end of each month, and Merchant fees (we’ve seen this one as business owners).   If you’re not familiar with merchant fees –   every time you swipe your card, the store owner is charged a negotiated percentage by both the credit card company the customer is using and the credit card machine company the store owner is using. This is sometimes why certain stores only take certain types […]

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Why aggressively paying down debt can be a bad thing

It’s all the craze these days – “Eliminate debt!” But we don’t stop there. We’ll continue – “…ASAP!!!”   I know, I know. I’ve even written articles about that very topic. I’ve discussed the ridiculousness of interest and how the borrower is a slave to the lender, yadda-yadda. About how you have more freedom without the noose of debt around your neck… I hear ya.   But have we stopped a minute to consider the alternatives?   Or at least some of the consequences that come along with dropping everything to pay down debt? Monica and I hadn’t. “What in the world could be a negative consequence to aggressively pay down debt, if you can afford it?” This was our logical thought process.   One day we realized this may have been maybe the 5th worst financial decision we had made to this point (after investment choices during the GR (Great Recession), […]

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Summer break 2017 – weekly posts will be back August 8

Hi, Team!!   A lot has been happening lately and with that, I’m taking a few weeks off to focus more on the following: Our new dental practice – Monfredi Family Dental – had it’s Grand Opening yesterday (Monday, July 10), and I’ll be at the practice all week getting things in place and making sure the transition is as smooth as possible. (I’m 100% stoked to only have 1 job this week!!). It’s been great to see this dream come true for Monica and me after working so hard to make it happen. Thanks to all of you for the kind words and support along the way! We just got back from our (hopefully first) summer vacation, and although I took the computer – I wrote 7 words while I was away… It was a title for the post I’m writing next (that was as far as I got […]

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Freedom from slavery… to a brand (guest blogger – Barb (Mother-in-law))

Hi, Team! Yes, you read this correctly – my Mother-in-law (of early morning cleaning, breast pump preparing, and now freedom from slavery advocating fame) is here with her eye-opening take on how to step outside of your comfort zone and cut your grocery spending by a third!! I’ll be honest, this article blew me away. It’s on point with a great message, well written, and entertaining… And I’m not just saying that because she’s my mother-in-law. Let me get out of her way… Take it away Barb…   Hi, friends! I want to thank Mike for allowing me to be a guest blogger on “MikedUp Blog” to share with so many my journey from slavery to freedom.   The journey began unexpectedly on a visit to my youngest daughter’s home.   She and her husband and 8-month-old son had just moved into a new apartment. I visited her for a […]

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