Pay Down Debt or Invest the Cash?

Over much of the internet, it is encouraged to pay down your high interest debt before investing in a Roth IRA or putting money into a 401(k) above the employer match. The difficulty has always been in defining what, exactly, high interest means. The true break-even solution is when the returns you make on your investment is equal to the … [Read more...]

Payday Lending and its Economics

Spurred by a recent article, I wanted to touch on a particular industry that we have discussed previously here at DQYDJ: payday lending. Traditionally, this industry (estimated $46 BB sizing from the article) has skirted some of the other unsecured lending regulations (like credit cards) by restructuring the terms of the agreement to not … [Read more...]

The DQYDJ Weekender, 3/7/2015

It's March? Seriously?  Well, at least I've gotten used to writing 2015. Links We Liked! Megan McArdle has a deep dive on how the cost of living has changed over time - including in some very eye opening ways.  It's not just money that is spent differently. An interesting discussion on cutting mutual fund fees versus saving more for the … [Read more...]

Is Increased Savings Good or Bad For the Economy?

In a word, Good. In even more words - the most likely forms your savings will take won't hurt the economy and will probably help it.  You probably don't have to worry that your savings will spike the broader economy. What is Savings? In a boiled-down, simplistic definition - savings is spending less than the amount coming in via cash-flow. … [Read more...]

The Absurdity of Social Security Numbers

Well, not the absurdity of Social Security Numbers themselves.  The absurdity of Social Security numbers as used in our credit system - although I can't quite come up with an alternative in my current state of mind. As you may have guessed, this is a bit of a rant post; my immediate family counts as three of the eighty million people who had … [Read more...]

Financial Goals for 2015

Early last year, I prepared goals for 2014. In September, in a shift of plans I decided to abandon my goal of paying off all my consumer debt and instead focused exclusively on maxing out my 401k. To review my goals for 2014: Pay off consumer debt of $35,741.09 I was able to pay this down to $16,508.47 before pivoting in September to maximize … [Read more...]

I Quit My Day Job – If You’re Going to San Francisco (Part 2 of 3)

  I haven’t yet decided if I should wear flowers in my hair. Over the past three and a half year, I have lived in the Dallas-Fort Worth Metroplex. I have mixed feelings about leaving and mixed feelings about the area in general and am excited to see what a new area has to offer. First, the pros of Dallas: the food and the low cost … [Read more...]

My Retirement Asset Allocation

Over the Thanksgiving weekend, I decided to play around with Morning Star's X-Ray tool. The tool takes your entire portfolio and analyzes the asset allocation by geography, by risk level, by asset class as well as by type (growth vs. value, etc.). Here is what my current asset allocation across my portfolio is (asset type): 39% Domestic … [Read more...]

I Quit My Day Job – Drinking from a Fire Hydrant (Part 1 of 3)

“Getting information off the Internet is like taking a drink from a fire hydrant.” – Mitchell Kapor This post is going to be the first part of a three-parter about a fresh change for one-third of the writers at Don’t Quit Your Day Job.... Since my colleague PK and I founded this website back in April of 2009, we have been gainfully employed (or … [Read more...]

How Much Help Did You Have to Get Where You Are?

A few articles back, we posted about the unfortunate story of "not the whole truth" in the financial writing world.  Though through allegedly unfortunate circumstances, a blogger who claimed to have hit $1,000,000 in net worth at the fresh age of 27 actually owed a large amount of it to an inheritance.  As we already addressed how hard it is to … [Read more...]