Archive for the ‘Finance’ Category

How to Become Wealthy: Blueprints

Friday, May 8th, 2009

Most schools never taught us how to be wealthy nor did our parents, social groups, and mass media.  Creating opportunity, security, and happiness.  Allows us to invest time and money on what we love and our passions.  Here is a brief description on how to become wealthy based on what I’ve read at the library and  my observations wealthy observations.

  • Defining Wealth
  • Prioritizing
  • Thinking and Planning Ahead
  • Generating Income
  • Budgeting
  • Automate, Streamline, and Focus
  • Fiscally Frugal
  • Live Passionately and Maintain the Dream

Because of our unique situation, this is the most general from to follow.  We need to sculpt and develop it for our individual needs over the next few weeks.

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Which Charity for 2009?

Monday, April 27th, 2009

I plan to be a charity runner for the Chicago Marathon.  I’m not sure which organization I want to raise money for.  Last year I raised money for two great causes.  It was tough raising the money so I might focus my energy on one group.  The question is which organization?  Children’s Memorial Hospital, American Red Cross, or the American Cancer Society.

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Visiting an Old Friend

Tuesday, April 21st, 2009

Art Institute of Chicago Lion

I visited an old friend a few Saturdays ago.  I haven’t seen her in years.  It was my fault.  I wanted to introduce her to a girl that I was seeing at the time but that girl didn’t want to meet my friend.  My friend didn’t care. Although she changed in appearance, she’s still the same.  She’s still beautiful.   She welcomed me with open arms.  She isn’t a person.  She’s actually a place in the city, the Art Institute of Chicago.  I visit when I need time to escape and experience the view point and skill of other people.

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How One Hour Saved $750.00

Friday, April 3rd, 2009

An hour of my time saved me over $375.00 on six months of auto insurance.  The quotes I received surprised me.  I didn’t expect to see such a difference in premiums.  We’re all one phone call away from saving a lot of moola.

Before searching for quotes, I needed to determine how much  coverage I need.  My Honda Civic, Justine, is pretty old.  She’s part of the family to me but she’s not worth a lot of money. She’s only worth $2600 according to Edmunds and $2500-3600 according to Kelly Blue Book.  Is getting collision and comprehensive coverage on her worth it? I decided to take a pass on collision and comprehensive.  Two agents suggested that I just get liability coverage.  Many of us are paying for double coverage.  Check your other insurance (health, home, etc) to see if you and your car is already covered by it.

There are a ton of insurance companies out there I could have called.  To make it easier on my time and sanity, I contacted two additional companies, State Farm, and Geico.  I called State Farm because they are a reputable company that’s headquartered in Bloomington, Illinois.  Geico is known for great rates and good customer service.

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Planning and Budgeting for the Summer

Thursday, March 5th, 2009

Spring hasn’t started yet and I’m already thinking about Summer.  I am looking forward to making  new memories and replace old ones.

Music and Concerts

I planned on buying pre-sale tickets for Rascal Flatts with Darius Rucker and Vince Gil but $90.oo for a concert ticket?  I think I’ll pass. I know it’ll be a great time but I know I can use that money in other places.  There are so many music festivals in Chicago and Milwaukee that I’d feel foolish to drop money on one concert.  I can spend the $180.00 ( plus Ticketmaster fees) on seeing smaller under appreciated musicians that haven’t made it big yet.  Next week I’m going to see Skinny at McGee’s.  No cover.  I only have to pay for beer.  If I want to attend a live country music, I can always attend the Chicago Country Music Festival for free in early October.

Travel

When I’m not in summer school, I will be  traveling out of the area.  Airfare is very inexpensive because of our economy and the price of fuel.  A lot of hotels and restaurants are offering deals to fill their rooms but I’m trying to keep costs down.  Hostels are a great choice to save money.   I still plan on sleeping on couches and floors to save some money on my trips.

I haven’t seen my Aunt L in a long time.  I promised her and myself that I’ll spend a long weekend in New York City. Hopefully, my aunt will have a floor or couch that I sleep on.  I have a pad and a sleeping bag.  I’m all set. I’ll show my gratitude for the floor by taking them out to dinner.

Erin inspired me to look into traveling to Arizona.  Again, it’s been years since I’ve seen the Grand Canyon.  I’d love to go hiking with Erin and her friends so I can see HavasupaiHavasupai is an indian reservation at the southern end of the Grand Canyon and is arguably one of the most beautiful parts of the area.  What better way to enjoy a summer than hiking and relaxing under magnificent waterfalls?  Maybe I can do an extended roadtrip out west to visit Sofie and my Uncle V in Cali.  Hmmm…  It should be a cheap trip.  It’s about $100 each way on Southweat Airlines.  I just have to pay for an entrance fee into the canyons and camping.

The annual trip to North Manitou Island at Sleeping Bear National Lakeshore is still on.  R0wdy and I will be spending a few extra days there.  It’s one of my favorite places in the midwest, beautiful beaches, solitude, and good company.  Sadly, P-Rod won’t be joining us.  He has to go to some wedding.  I hope he drinks for Matthew and I.  The cost for this trip is gas and camping permit.

I expect to travel locally too.  Each weekend, it will feel like I am traveling internationally.  There are many cultures and nationalities with distinct communities in the Chicago area. In Rogers Park, there is an Indo-Pak community along Devon Avenue.  They brought with them to the United States their food, culture, cinema, and music.  There are a few African restaurants down Broadway.  Little Korea runs down a strip of Lawrence Ave.  The heart of the Mexican community on the lower West Side is the community of Pilsen.  Next door is Chinatown and to the southeast is Chicago’s Great “Black Metropolis,” Bronzeville.  There are many more groups that adds to the flavor of Chicago.  All it will cost me is a commuter train ticket and parking.

I expect this to be a great summer.  This is just a sampling of what I plan on doing this summer.  There are many opportunities in a bad economy.  I’m propping up the economy and finding great deals on tickets and other travel expenses.  Plus, I’m finding a lot of free things to do this summer.  Above all else, I’ll be living live well and doing what I want to do with my life.

A Summary of My 2009 Plans and Goals

Saturday, January 3rd, 2009

At Matthew’s request, here’s a quick summary of my major goals and mini goals for 2009,  I will also list my mini-goals for January.

School: Transfer to UIC by Fall 2009

  • Take 17 credit hours at Harper College in the Spring semester and earn at least a 3.5GPA.
  • Attend UIC Summer sessions and take 12 credit hours.
  • Transfer to UIC in the Fall and take 15 credit hours IF I’m not doing an internship.  (12 credit hours with an internship.)

Health: Be Physically Healthy

  • Shed 25lbs by the Chicago Shamrock Shuffle 8k (29 March 2009).
  • Reach 180lbs, <120/80mm Hg, and have a 34in waist by the Chicago Marathon (11 October 2009).
  • Run the Chicago Marathon under four hours.
  • Grow an organic garden.

Financial Freedom: One Step Closer to Independence

  • Eliminate $8,000.00 bad debt in August.
  • Develop a better organization system.
  • Simplify finances so it is easier to manage.

Travel: Live and Experience Life!

  • Southern Illinois -Trad Climbing (April).
  • Wisconsin- Milwaukee Day Trip for beer, bikes, music, and MAM.
  • Michigan- Camping and Hiking on North Manitou Island.
  • New Hampshire, Vermont, and NYC- Basic Ice Climbing, skiing, visiting a friend, and celebrate New Years on Times Square.

January Goals

  • Attend all classes and read all material before class.
  • Fill out the FAFSA application for the 2009-2010 school year.
  • Apply for a student loans for school expenses.
  • Find a solution for managing personal finances.
  • Start saving for travel and other future expenses.
  • Continue training for the Shamrock Shuffle
  • Eliminate 10 pounds by January 31st.

Happy New Year!

Thursday, January 1st, 2009

Happy 2009!  How was everyone’s New Year’s celebration?  I decided to have a low key introduction to the new year.  I greeted 2009 by getting ready for a productive and fulfilling year new year.  I firmly believe that your year will become what you were doing New Years Eve and New Years Day.  You’re building momentum and energy to see you through.

I finished registering for one of my major races for this year, the Chicago Shamrock Shuffle 8K, a few minutes after midnight.  The race is a goal to aim for while training for the Chicago Marathon.  Each race gives me motivation to continue training and break the big goal into smaller achievable goals.  I’ll be registering for each race as soon as registration opens.  I won’t second guess my decision that way.

While waiting for registration to open, I started preparing my room for the next semester. I started washing clothes and cleaning my room.  There’s still a lot to do but it’s way too late to continue.  I want this room to be in good order by Sunday.  I don’t want any hiccups or excuses when school comes around.

I finally received the money for some of the secret shops that I did in November.  I transferred them into my bank accounts and will be paying off more of my bad debt.  I’m excited to see how much I’ll improve my net worth this year.

Later today, I plan on running one mile, attend church, and head to work.  This is going to be a great year.  I can feel it.