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Today, in the ongoing Reader Profile Series, we’re getting to know reader and insightful commenter, Greg, from the site, ThriftGenuity. Let’s all give Greg a big round of applause and welcome for sharing his life with us and listen to his story. Enjoy!
Also, if you’re interested in sharing your own financial story/journey with us in a reader profile of your own, just shoot me a quick email, and we can get the ball rolling!
1. PLEASE TELL EVERYONE A LITTLE BIT ABOUT YOURSELF (BACKGROUND, EDUCATION, FAMILY SITUATION, ETC).
2. DESCRIBE YOUR CURRENT FINANCIAL SITUATION (WHO WORKS IN YOUR FAMILY, HOW YOUR INCOME IS, YOUR EXPENSES, ETC.).
3. WHAT ARE THE CURRENT FINANCIAL CHALLENGES YOU ARE FACING (SAVING, PAYING OFF DEBT, STUDENT LOANS, MERGING FINANCES AFTER RECENTLY BEING MARRIED, ETC.)?
Other than a mortgage, we have no other debt, which I am very happy about. The couple of years after the med school loan is paid off will be very exciting, because we don’t live a very extravagant lifestyle, so we should be able to really strategize our investments.
4. WHAT ARE YOUR PLANS FOR THE FUTURE (RETIRE EARLY; BUILD YOUR CAREER, ETC.)?
5. WHAT’S YOUR BEST PIECE(S) OF FINANCIAL ADVICE AND/OR YOUR GENERAL PHILOSOPHY ON PERSONAL FINANCES?
- Applied to college – is the tuition at X school providing me better opportunities than the tuition at Y school or is it just some perceived bragging rights?
- Applied to a career – is what I’m doing adding value to my overall career and where I want to go? Am I being paid what I’m worth?
- Applied to home or car – does this location or size add additional value, or is it just to show that I can?
By asking these questions with large and small financial decisions coupled with your overall financial goals has served me well to this point and should continue to do so. I will also add that you must educate yourself on the item at hand, or your evaluation of it will have less meaning.
***Photo courtesy of http://thriftgenuity.com/roedyblog/wp-content/uploads/2013/02/GR-e1361912788835.jpg