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Blogger Profile


Dave

Blog Info

Name:
The Financial Journeyman
Category:
General Finance
Tags:
Investing, Financial Independence, FIRE, Personal Finance
Start Year:
2017

Blogger Bio

Net worth:
$1,000,000.00
Location:
Covington Township, Pennsylvania, United States
Age:
40s
Race:
White
Gender:
Male
Life stage:
DINK (Dual Income, No Kids)
Profession:
Human Resources (HR)

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Latest Blog Posts

While a million dollars might not have the purchasing power that it once had, it is still a large sum of money.  If you watch professional sports on ESPN, follow entertainment gossip on TMZ, or read Forbes, you are sure to come across stories about the huge salaries that some high-profile people earn.  NFL quarterbacks earn over $25M per year.  Hollywood actors earn over $22M per movie.  The CEO’s of the Fortune 500 ...
Posted: Sep 19 2017 @ 7:06 AM
I recently received a letter from the third-party company that manages one of our 403B Plans.  It was the standard quarterly letter that provides updates on account performance, fees, and if there were any changes to the list of mutual funds available to select from.  Since we generally invest in index funds, I normally just do a quick review of the updates and move on. There was a change mentioned in this ...
Posted: Sep 13 2017 @ 9:33 AM
Cars are a necessary expense for most Americans. Unless you are lucky enough to live near a good public transportation system or in a major urban area, you will likely need a vehicle to accomplish tasks of daily living, such as getting to work, buying groceries, or going out to dinner. Buying a car can be expensive, and having a car loan can be a pretty steep financial burden, particularly ...
Posted: Sep 10 2017 @ 6:27 AM
The first time I ever visited an Aldi grocery store was when I was 16 years old.  I just passed the exam for my driver’s license.  One Saturday, I wanted to borrow my grandmother’s car to go cruising with my friends.  She agreed to let me borrow the car for a few hours, but I had to work for the privilege to use it. My job was to go to the market for ...
Posted: Sep 06 2017 @ 6:48 AM
“Behind every great fortune there is a crime”.  – Honore de Balzac I have recently been doing a good amount of research on Peer-to-Peer Lending (P2P) and have written about it in a recent blog post.  Yes, Peer-to-Peer Lending (P2P) is legal in most states, but is it ethical?   While I was researching more about Peer-to-Peer Lending (P2P), I felt a strange nostalgia.  This type of investing caused me to reflect on ...
Posted: Aug 31 2017 @ 8:49 AM
(All of the Photos were taken with my iPhone) In my first London on a Budget post, I wrote about the good deal we received when we booked this trip, what some of our plans were for when we went to London, and how much we planned on spending. Our trip to London has now come and gone. It was an amazing trip. In this post, I am just going ...
Posted: Aug 25 2017 @ 9:03 AM
When it comes to investing, the one saying that most investors have heard countless times is to buy low and sell high.  In other words, buy stocks when they are selling at the bottom of the market and sell them when they become overpriced.  In theory, this is great advice.  In practice, it is very hard for professionals to do and almost impossible for individual investors to do. Many investors ...
Posted: Aug 20 2017 @ 7:23 AM
When you have finished paying off student loans, it is time to start building your wealth. It’s also time to achieve some of life’s most important milestones. But first, I want to talk about the negative effects that student loans can have on your future. There are many people that go to the bank to buy a home with tens of thousands of dollars of student debt on their shoulders. ...
Posted: Aug 16 2017 @ 1:28 PM
This week, my wife and I celebrated our 10th wedding anniversary.  It had a surreal feel to it.  It is hard to imagine that 10 years have gone by.  In all honesty, it has gone by in a flash.  This post is a brief review of the past 10 years. Our Wedding day My wife and I were married on August 10th, 2007.  It was the best day of my life.  Sorry, if I sound cliché, but ...
Posted: Aug 11 2017 @ 11:34 AM
While reaching early retirement is my goal, it might not be suitable for everyone.  On the other hand, the goal of reaching financial independence should be the focus of everyone during their working years.  Even though most careers seem to drag on forever, the amount of time that we have available to work and save money is truly finite.  Everyone should have the goal of saving enough money to cover ...
Posted: Aug 06 2017 @ 6:49 AM

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