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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What is 5G and should I care?

What is 5G and should I care? #wireless #data #technology

  In this Current Events Friday’s Post (CE-Friday’s), SC from MissFunctional Money is here to answer the 1.5-year-old question – What is 5G and should I care?   CE-Friday’s – “What you need to know today in less than 500 words”   (Photo courtesy of MissFunctional Money)     So … what is 5G?   Currently, 4G is the mobile network that’s predominantly used worldwide. It’s the “data” part of your cell phone plan that allows you to make calls, send text messages and mindlessly scroll on Instagram surf the web when not connected to Wi-Fi.   Every decade or so, another “generation” of mobile broadband is rolled out — making 5G about 10 years in the making. So, in theory, 5G will ultimately replace/augment the current 4G LTE connection that you already likely use.   Unlike the latest and greatest smartphone which features, like, one tiny upgrade from the previous […]

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How to not Let Cognitive Biases Delay Your Financial Freedom

How to not Let Cognitive Biases Delay Your Financial Freedom #biases #freedom #personalgrowth

    Hello, MikedUp Blog readers!  My name is Jerry, the creator of Peerless Money Mentor – a personal finance site that is primarily focused on helping people become financially woke, and I’m here to discuss how to not let cognitive biases delay your financial freedom.     First of all, I’d like to thank Mike for letting me borrow his digital space.  I always find his content very entertaining and highly informative.   Today, I will talk about something we all struggle with: cognitive biases.  While there are about 20 cognitive biases I can name off the top of my head, I have narrowed the list down to two.  We will discuss the sunk-cost fallacy and recency bias.   I’ll tell a story of how I have struggled to overcome each one of these biases and provide examples.  After covering each cognitive bias, I’ll provide a potential solution for […]

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Back to School: The Importance of Basic Maths Skills

  Today’s guest post explains exactly why you’ll be glad you paid attention back in math class. Maybe it’s true what Mrs. Jones said – “You’ll be using math every day… all the time, in the real world.” Let’s check out some reasons why.       Back to School: The Importance of Basic Maths Skills   For many adults, the maths lessons that they took in school were the last time they sat down and really seriously thought about applying mathematical skills to a problem. We are always told that ‘math is all around us’ and that it is at work in everything we see and do, but we rarely stop to wonder just how we use it ourselves in everyday life. Here we’re going to take a look at the basic maths skills that get us through some of the most commonplace tasks in adult life and show […]

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The Blogs and Podcasts I Absolutely Love

    Big thanks to a personal finance blogging icon (and Mt. Rushmore fixture) – J. Money from BudgetsAreSexy – for calling me out and letting me know that this sorta thing used to be a requirement…   As a personal finance writer (and, dare I say, community member) for the past 3 years, I’ve had the great fortune of getting to know some incredible people and great writers. So, the list below is to let you know the folks who I can’t stop reading. My hope is that you’ll find a few that you love as well!   Last updated 3-20-19   My Favorite Personal Finance Blogs Accidental Fire (Makes numbers sexier than anyone can – his stuff “wows” me) Bitches Get Riches (Great content with zero filters) Budgets Are Sexy (All things personal finance – I learn something new with each visit) Dr. Breath Easy Finance (Love his […]

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Alert!! Millions of People Are Behind on their Car Payments

Alert!! Millions of People Are Behind on their Car Payments #default #economy #vehicle #cars

    In this Current Events Friday’s Post (CE-Friday’s), I’ll be letting you know just how concerned you should be about the fact that many millions of our country mates are over 90-days behind on their auto payments.   CE-Friday’s – “What you need to know today in less than 500 words”     Alert!! 7 Million Americans are Raising Their Hands to say, “Can’t Make Car Payment!”     I was listening to Marketplace last week when I heard the news that the number of people not making their car payments is on the rise. And whether you choose to lease or buy your car, this is troubling for us as an economy.     First the facts (from this source):   Over 7 Million Americans were over 90 days behind on car payments in 2018 (New York Fed) That’s up about 16.5% compared with 2010 More people are […]

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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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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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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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4 Financial Mistakes That Actually Improved our Lives

4 Financial Mistakes That Actually Improved our Lives #personalfinance #family #saving #emergencyfund #home

  Today, I’m thrilled to welcome Jon back onto the site! We first heard from him a couple years ago when he discussed how he and his wife paid off $89,000 of student loans in just over a year, and while he’s written a few articles since… it’s been a minute. That’s why I’m stoked he’s here today to talk about some of the financial mistakes he’s made and how they may have actually benefited his family!   It’s not all $89,000 student loan payoffs, friends – we’ve all made some mistakes from time to time. But as you’ll see – it’s less about the mistakes themselves, and more about how you respond.       (Photo courtesy of MissFunctional Money)   Take it away, Jon!     4 Financial Mistakes That Actually Improved our Lives     If you’re anything like me, it can be easy to obsess about […]

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