I apologize to everyone who submitted great article suggestions last night. There were some really great ones and I do hope to use some of them in the future.However, I don't have a lot of time to write this post because for some reason Wordpress hates me. I can't access the visual editor so I'm stuck with writing this whole post in HTML. Sorry for the lack of obnoxious text coloring I usually do.I've done a lot of personal finance posts in the last two or three weeks, so I wanted to do a personal one today. Luckily I got a great question from Jeff: Why don't I drink?Why I Don't Dr

Question: What happens when the stock market goes up, you receive 12 months worth of a 401k match and you get a tax refund all in the same month?Answer:That's what you get. Two guys combining for a net worth increase of over $25,000 in 31 days.I'm pretty freaking excited about breaking the $50k mark. In fact I am now financially 35-44 years old, as the average 35-44 year old person has a net worth of $51,575. I'm 9 years early on that one!But despite the great increase in my net worth, The Hoff is still kicking my freaking butt! I'm Gonna Need Your Help! I was feeling pretty

Have you even used an online mortgage calculator like emortgagecalculator's mortgage calculator to see how much it would cost you per month to buy a house? If you have, you may have marveled at how cheap these calculators say it is to own your own home.The monthly payment looks so cheap because most of these calculators don't tell you the whole story about owning a home. Sure the calculators are correct, but they leave out important pieces of information that you will probably want to know before you jump into a huge purchase.How Much Interest Will You Pay? Mortgage calculators, ban

You've probably heard about the huge Mega Millions jackpot. Right now it's sitting at about $500 million. If you want the immediate cash payout you can get $359 million. That's a nice chunk of change.I don't play the lottery because I have a degree in Mathematics. I understand how absurd the odds are and if I'm going to waste my money I want to do it on delicious food or video games or something else that gives me some kind of guaranteed return on my investment.But wait. What if the lottery had a guaranteed return on investment? Let's look at the numbers: What If You Bought Every Tick

I got a reader email that I had to share for two reasons. First, the question is about saving money and investing for retirement and it coincides very well with the Roth IRA Movement. Second, the reader is only 20 years old and is already looking at retirement savings!!!!!! This guy is a freaking BOSS!!!!!!We'll call him Military Mike, and here's his email: I was reading through your "Race to a million dollar net worth" blog. I really like it and it has shown me that I should start doing something.Let me give you my background. I am 20 years old, active duty military. The only account

Think about how much you pay for electricity right now. Now think about paying 1.25 times that much. Or maybe 2 times that much. Heck, maybe five times that much.I don't know how much more expensive power will become, but you can bet your patootie it's gonna go up soon thanks to the EPA. Coal is responsible for 54% of our nation's electricity today and is the cheapest way to produce electricity, but unfortunately coal is too "dirty" according to the EPA.The EPA announced new environmental standards yesterday that will essentially make it too cost prohibitive for anyone to build a new c

Today I'm a part of the Roth IRA Movement.Of for those of you on twitter, the #RothIRAMovementThis all started with my good buddy Jeff Rose, who asked a group of over 50 college students to raise their hands if they knew what a Roth IRA was. Not a single person moved, except maybe to send a text or scratch their butt.Jeff was talking to graduating seniors only a few months away from leaving school and entering into the real world. You'd think at least a few of them would have heard about a Roth IRA.Unfortunately kids don't know a whole lot about personal finance at all because

I signed up to host the Carnival of Money Pros for a few reasons:I like to read other personal finance articles but don't do it as much as I would like It helps build SEO for this site I was too busy playing Scramble With Friends to write an articleLast week I only posted three articles, which is very low for me. I usually post four or five. However, I've been working on building a new website and that is taking a lot of my time. Any other free time I have has been spent playing Scramble with Friends.I know a lot of people like Words with Friends (scrabble on your smartphone),

Imagine you invented something incredible. As an example, let's say it was Super Toothpaste. I'm not talking about a competitor to Crest; I mean a toothpaste so good that anyone who uses it will never have cavities again.This imaginary Super Toothpaste is so good that using it would effectively replace ever needing to visit a dentist again. It makes teeth and gums cleaner, stronger, whiter, and everything else you might want for your mouth.And not only is it incredible, but it's also incredibly cheap to make. You could make it just as cheap as regular toothpaste. Everyone in the US

When I was in high school and college, the topic of marijuana legalization was a popular one. And for a long time I disregarded the people arguing for legalization. I really didn't even listen to their argument, because everyone I knew who would take the pro-marijuana stance was someone who used the stuff.I always saw a conflict of interest and felt like that clouded their judgement.Well I'm here to take the pro-legalization stance, and I want to point out that I've never used drugs in my life. I've never smoked anything and have never been drunk (although my girlfriend argues it has h