Wins and Losses Series: Mark from The Retirement Spot – “I was actually helping the company eliminate my job”

Wins and Losses Series: Mark from The Retirement Spot - "I was actually helping the company eliminate my job"

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 Kevin Newton)   This week we have: Mark from The Retirement Spot!   Spoiler alert – Mark crushed this post and it’s full of knowledge gems. Take out your notebook… I know I did. Take it away, Mark!       I read some of MikedUp Blog’s series on Wins and Losses, and I said: “Oh yes I want to participate in this”.  What […]

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Wins and Losses Series: Michael from Your Money Geek – “I decided to dump the 4% rule”

Wins and Losses Series: Michael From Your Money Geek - "I Dumped the 4% Rule"

Check out the complete Wins and Losses Series Here   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!).   (Photo courtesy of MKulp Photography)   This week’s participant is: Michael Dinich from Your Money Geek   Michael didn’t hold back with the wisdom this week! I’m stoked to see what you readers have to say about this one! Take it away, Michael:     Hello MikedUp Blog readers!   I’m Michael, and I blog at Your Money Geek providing tips on how to make money and […]

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Can millennials bank on pensions? I don’t know, but I’m not

I remember the day I landed my current government job. Relief rushed through my brain as I could now list the attributes: stability, health insurance, regular raises, and pension in the same sentence with my current employment situation.   I was stoked! Great benefits, fulfilling career, and a sexy title (forensic scientist)… Doesn’t get too much better than that, right? Sure, but sexy titles don’t keep food on the table during retirement. A pension would do that for you… Or would it?   Pension – a regular payment made during a person’s retirement from an investment fund to which that person or their employer has contributed during their working life.   It really is a great concept. You pay into it for 30-ish years, so does your employer, and that cash is invested and grows to basically provide you with a regular paycheck during retirement years. This type of system (a defined benefit […]

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The spending freeze – jump start your budget

  You’ve seen the medical dramas on TV… We’re in the emergency room with tall, dark, and handsome doctors and nondescript nurses all crowded around a motionless victim. Loud noises tell us the heart rate is flat-lining and we’re short on time. “Get me a crash cart, now!!” Said crash cart arrives a split second later – almost like it was part of the script – and as the doc grabs the paddles and rubs them together he yells, “Clear!” The electric current lifts this victim up off the table and then leaves, slamming the body back to the gurney. This is touch-and-go, and we’re on the edge of our seats because we honestly don’t know if these breaths may be this guy’s last… Cut to commercial. “Let H&R Block he…”   Let’s pretend you are the doctor in this scenario and I’ll ask you a question. Have you ever […]

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10 Financial musts before age 20 (3 of 5)

This is the third of five posts (in our Financial Must series) where we’re aiming to provide you with a tremendous foundation to achieve your financial goals. We will be posting 2 musts every Friday until the list is complete. If you are enjoying the posts, please take a minute to subscribe to MikedUp Blog. Just click on the ‘subscribe’ button in the bottom right corner, enter your email, and you will get every post as soon as it’s published.   We have the previous four Musts listed below to remind you what we’ve covered. If you’d like to read about those in detail, check out Must Post 1 or Must Post 2. Thanks for reading!   1) Find a way to earn an income and do it at an early age. 2) Set goals for yourself financially, and make sure at least one is attainable in the short term. 3) Open a […]

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