Meager Income

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

Waiting for my tax refund

I’ve now submitted by taxes for both Federal and State bringing 2014 to a close.  I tend to procrastinate  (even when I’m anticipating a refund) and find myself rushing to get them done at the very last minute.  I surprised myself this year and I actually finished early.  Now I’m just waiting for my refunds […]

A look back at my spending in 2014

I am listing my spending here for two main reasons. First, I’ll be able to compare my spending this year to last.  I’ve already captured the data but if I save it to a spreadsheet on my computer I’ll rarely reference it again.  Instead, I’ll display it on this site where I can access it […]

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 […]

The Secret Millionaire – Grace Groner

Grace Groner was born in 1909 and died in 2010 at the age of 100. Upon her death she provided her alma mater, Lake Forest College, with a $7 Million gift. This was in addition to the money she had given to the University already throughout her lifetime. She had previously donated $180,000 to start […]

A $400,000 Mistake!

The account holder thought he had ensured that his children would receive his IRA upon his passing. Unfortunately, because the account holder did not fill out the beneficiary form correctly, the funds were disbursed in accordance to his will instead of the IRA beneficiaries as he had intended. He should have just listed his children […]

My Goals for 2015

2015 has finally arrived and it is now time to set expectations and goals for this year. Below I’ve written my initial list of things I’d like to accomplish this year. I will add details in the next few days. 1. Reduce debt. 2. Increase my dividend income. 3. Automate and better organize my finances. […]

« go backkeep looking »
  • Recent Tags

  • Categories

  • Recent Posts