Meager Income

Pay Off Debt, Retire Comfortably on Meager Income, Win the Lottery, Not Necessarily in that Order

I’m reducing my 401(k) Contribution

The stock market has been great for almost 6 years straight now.  Today, the Dow Jones average closed at 18,214.42, the S&P 500 closed at 2110.74, and the Nasdaq closed at 4987.89.  At these prices, I’m skeptical that the stocks can continue on their upward trajectory without a correction.  Take a look for yourself below […]

Powerball Winners Declared!

I purchased a few tickets for the Powerball lottery that was held on February 11th, 2015.  While I agree that the odds of winning are so small that one is probably just throwing money away, I still bought some tickets.  When the jackpot goes beyond 200 Million it is difficult to resist buying a few […]

Meager Income – January 2015

Meager Income update for January 2015 My goal is to no longer have to work and to be able to live off of my Meager Income.  I plan on purchasing assets (mostly stocks) that will provide me with dividend income that will increase over time.  Once my passive income exceeds my expenses, I’ll have met […]

VISA Stock Split

VISA recently announced a stock split. On March 19th, 1 current share of V will become 4 shares. Visa is currently trading at around $260 a share.  If it were to maintain this price each new share would be valued at about $65.  Although shareholders will still own the same portion of the business before […]

The Secret Millionaire – Ronald Read

I enjoy reading stories about secret millionaires. I find it fascinating when otherwise normal people manage to accumulate great amounts of wealth by working hard and saving. It gives me hope and inspiration! I found out about Ronald Read when CNBC published his story on their web site: Janitor bequeaths millions to library, hospital. When […]

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