Comments on: My Financial Tipping Point. http://simpledebtfreefinance.com/my-financial-tipping-point/ A Simple Approach to Getting Out of Debt and Into Wealth Tue, 22 May 2012 14:21:19 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Personal Finance Blogs I Read: Work Save Live. | Simple Debt-Free Finance http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-419632 Personal Finance Blogs I Read: Work Save Live. | Simple Debt-Free Finance Fri, 18 May 2012 00:28:48 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-419632 [...] used to be me, but then I reached my financial tipping point and went off that beaten path, so to [...] [...] used to be me, but then I reached my financial tipping point and went off that beaten path, so to [...]

]]> By: Is Pet Insurance Worth The Cost? http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-393194 Is Pet Insurance Worth The Cost? Tue, 13 Mar 2012 19:25:11 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-393194 [...] few years back, my wife and I experienced our 1st financial tipping point which was triggered by a trip to the veterinary hospital for our cat. While that experience [...] [...] few years back, my wife and I experienced our 1st financial tipping point which was triggered by a trip to the veterinary hospital for our cat. While that experience [...]

]]> By: 5 Bad Habits About Money Kids Learn From Their Parents. http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-331276 5 Bad Habits About Money Kids Learn From Their Parents. Thu, 15 Dec 2011 17:54:07 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-331276 [...] My Financial Tipping Point. [...] [...] My Financial Tipping Point. [...]

]]> By: Tracfone promo codes for October 2010. http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-43137 Tracfone promo codes for October 2010. Wed, 29 Sep 2010 02:26:39 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-43137 [...] My Financial Tipping Point. [...] [...] My Financial Tipping Point. [...]

]]> By: Joe http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-19728 Joe Wed, 16 Jun 2010 21:46:11 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-19728 Renee, Thanks so much for asking. It turns out that I had so much to say, I couldn't fit it all in a comment. I've written a completely new post here: <a href="http://simpledebtfreefinance.com/how-to-start-saving-for-retirement-at-40/" rel="nofollow">http://simpledebtfreefinance.com/how-to-start-saving-for-retirement-at-40/</a> The gist of it comes down to 3 things: 1. realizing that it's not too late to start, but it may take a bit more work. 2. informing yourself about investing and deciding whether you want to go it alone, or seek professional help. 3. taking action! I wish you the best of luck, and thanks for adding to the conversation! ;-) Renee,

Thanks so much for asking. It turns out that I had so much to say, I couldn’t fit it all in a comment. I’ve written a completely new post here:

http://simpledebtfreefinance.com/how-to-start-saving-for-retirement-at-40/

The gist of it comes down to 3 things:

1. realizing that it’s not too late to start, but it may take a bit more work.
2. informing yourself about investing and deciding whether you want to go it alone, or seek professional help.
3. taking action!

I wish you the best of luck, and thanks for adding to the conversation! ;-)

]]> By: Renee http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-19490 Renee Sun, 13 Jun 2010 14:43:04 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-19490 Hi, I'm 42, 10 months into my first (and hopefully last) marriage. I have ZERO <a href="http://simpledebtfreefinance.com/tag/debt/">debt</a> and a <a href="http://simpledebtfreefinance.com/tag/credit-score/">credit score</a> teetering between 790s and low 800s. The wedding is paid off. My husband and I never live above our means. We are of the same financial mindset: If I can't afford it, I don't buy it. We are both concerned about retirement and feel as if we're deer caught in the headlights. We have zero savings, don't know squat about investing, and I just opened my first <a href="http://simpledebtfreefinance.com/tag/401k/">401K</a> at work right after the wedding. Do you have any advice on how I can save up for retirement NOW? I know I have about 20 years to catch up on. I have been working since the age of 14, but litereally paid for everything on my own: college, braces, clothes, food, rent, etc.--so I didn't save anything. Since the wedding is paid off, I am starting to see some growth in my checking account. I don't know if that should go into savings, CDs, investments (which I know NOTHING about, but starting to do a bit of research on my own), etc. I feel torn because I have an excellent credit score and I'm financially responsible, but my "maturity level" of savings is still in the adolescent stages. Any advice would be greatly appreciated! Hi,

I’m 42, 10 months into my first (and hopefully last) marriage. I have ZERO debt and a credit score teetering between 790s and low 800s. The wedding is paid off. My husband and I never live above our means. We are of the same financial mindset: If I can’t afford it, I don’t buy it. We are both concerned about retirement and feel as if we’re deer caught in the headlights. We have zero savings, don’t know squat about investing, and I just opened my first 401K at work right after the wedding.

Do you have any advice on how I can save up for retirement NOW? I know I have about 20 years to catch up on. I have been working since the age of 14, but litereally paid for everything on my own: college, braces, clothes, food, rent, etc.–so I didn’t save anything.

Since the wedding is paid off, I am starting to see some growth in my checking account. I don’t know if that should go into savings, CDs, investments (which I know NOTHING about, but starting to do a bit of research on my own), etc.

I feel torn because I have an excellent credit score and I’m financially responsible, but my “maturity level” of savings is still in the adolescent stages.

Any advice would be greatly appreciated!

]]> By: Joe http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-16478 Joe Wed, 05 May 2010 01:44:41 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-16478 That's awesome Holland! Once you get that momentum behind you, you're unstoppable! Thanks for stopping by. That’s awesome Holland! Once you get that momentum behind you, you’re unstoppable!
Thanks for stopping by.

]]> By: Holland http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-16473 Holland Wed, 05 May 2010 00:29:05 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-16473 Found you from FrugalDad, love your site, will continue to follow your success. We're climbing out of a huge amt of <a href="http://simpledebtfreefinance.com/tag/debt/">debt</a> ourselves and this month we'll pay off our second student loan. That motivation keeps us going!! Found you from FrugalDad, love your site, will continue to follow your success. We’re climbing out of a huge amt of debt ourselves and this month we’ll pay off our second student loan. That motivation keeps us going!!

]]> By: 7 steps to getting out of debt. http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-12683 7 steps to getting out of debt. Wed, 24 Feb 2010 20:12:34 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-12683 [...] People accumulate <a href="http://simpledebtfreefinance.com/tag/debt/">debt</a> for a number of reasons. Some are unavoidable such as a health crisis or loss of work from disability. But often, the root cause is a learned behavior of living beyond one’s means. Spending more than you earn is a surefire way to a life of debt. It’s also the most prominent reason. (It’s what happened to my wife and I and what ultimately led to My Financial Tipping Point.) [...] [...] People accumulate debt for a number of reasons. Some are unavoidable such as a health crisis or loss of work from disability. But often, the root cause is a learned behavior of living beyond one’s means. Spending more than you earn is a surefire way to a life of debt. It’s also the most prominent reason. (It’s what happened to my wife and I and what ultimately led to My Financial Tipping Point.) [...]

]]> By: Financial Lessons From a Younger Me - My New car Money mistake. http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-12654 Financial Lessons From a Younger Me - My New car Money mistake. Wed, 24 Feb 2010 18:13:53 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-12654 [...] improved my <a href="http://simpledebtfreefinance.com/tag/credit-score/">credit score</a> by 237 points, resolved to become <a href="http://simpledebtfreefinance.com/7-steps-to-getting-out-of-debt/">debt free</a> and stay that way and will never buy a new car again! var addthis_language = 'en';var addthis_options = 'email, [...] [...] improved my credit score by 237 points, resolved to become debt free and stay that way and will never buy a new car again! var addthis_language = ‘en’;var addthis_options = ‘email, [...]

]]> By: Has the Recession Changed You? | Simple Debt-Free Finance http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-2668 Has the Recession Changed You? | Simple Debt-Free Finance Wed, 13 May 2009 18:52:57 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-2668 [...] was lucky to receive my financial wake up call some years back, and have since ditched <a href="http://simpledebtfreefinance.com/how-to-negotiate-credit-card-debt/">credit card debt</a> and excess spending. Still, I have decided [...] [...] was lucky to receive my financial wake up call some years back, and have since ditched credit card debt and excess spending. Still, I have decided [...]

]]> By: Joe http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-36 Joe Tue, 05 Aug 2008 12:56:25 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-36 @ Tiffany: Thanks for stopping by and thanks for the comment! It's nice to know that people not only read what I write, but that they can find some inspiration from my misery ;-) Set goals, keep paying down your <a href="http://simpledebtfreefinance.com/tag/debt/">debt</a> and automate as much as you can through things like automatic bill pay and you'll be free before you know it! @ Tiffany:

Thanks for stopping by and thanks for the comment! It’s nice to know that people not only read what I write, but that they can find some inspiration from my misery ;-)

Set goals, keep paying down your debt and automate as much as you can through things like automatic bill pay and you’ll be free before you know it!

]]> By: tiffanie http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-35 tiffanie Tue, 05 Aug 2008 04:58:34 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-35 very inspiring. i hope to be <a href="http://simpledebtfreefinance.com/7-steps-to-getting-out-of-debt/">out of debt</a> in the next few years myself. it's a bit startling to me that at the age of 25 and 24, my husband and i (respectively) owe over $40,000 in <a href="http://simpledebtfreefinance.com/tag/credit-cards/">credit cards</a>, student loans and a car loan. yikes! it's stories like yours that give me hope. very inspiring. i hope to be out of debt in the next few years myself. it’s a bit startling to me that at the age of 25 and 24, my husband and i (respectively) owe over $40,000 in credit cards, student loans and a car loan. yikes!

it’s stories like yours that give me hope.

]]> By: Personal Finance Tipping Point Contest Winner | Free From Broke http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-34 Personal Finance Tipping Point Contest Winner | Free From Broke Fri, 13 Jun 2008 17:06:56 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-34 [...] My Financial Tipping Point at Simple <a href="http://simpledebtfreefinance.com/7-steps-to-getting-out-of-debt/">Debt-Free</a> Finance [...] [...] My Financial Tipping Point at Simple Debt-Free Finance [...]

]]> By: Mark http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-33 Mark Thu, 12 Jun 2008 06:58:21 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-33 Joe Thanks for stopping by and leaving the encouragement. It means a lot to me. I enjoyed your post.Congratulations on your four year journey. We still have my wife's car payment hanging around our necks. We plan on attacking that payment double in the near future once our move is done. Joe

Thanks for stopping by and leaving the encouragement. It means a lot to me. I enjoyed your post.Congratulations on your four year journey. We still have my wife’s car payment hanging around our necks. We plan on attacking that payment double in the near future once our move is done.

]]> By: FFB http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-32 FFB Tue, 10 Jun 2008 18:26:53 +0000 http://simpledebtfreefinance.com/my-financial-tipping-point/#comment-32 Thanks for sharing your story. It's great to hear that you've turned your finances around! Thanks for sharing your story. It’s great to hear that you’ve turned your finances around!

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