Denali Northern Expenditure

Month: February 2017

How to Quit Your Job (to Make it Better!)

How to Quit Your Job (to Make it Better!)

Is your job terrible? Do you feel undervalued or stressed out or overworked? How much do you depend on that income? How badly do you want out? Here’s how to quit your job (and how that might actually make your job better).

Want to Quit Your Job?

BACKGROUND: I was hired nearly seven years ago by a behavioral economics company to be a contractor. I was hired to do research for the company and help write white papers when needed. Back in those days, the company had less than 30 employees. Today, the company is much larger. It has 3 offices and over 200 employees. My boss is awesome and has always been an advocate for my work and my flexibility (and gave me a 33% raise just over a year ago). The company, however, has had some growing pains. For the past 6 months, they’ve been adding hierarchy where there hasn’t been any.

Over the past six months, with the restructuring, several things have happened. Several people around the office have decided I’m under them in the hierarchy and have either decided to ignore my work or not consult with me in the first place. With changes in H.R., my paycheck was forgotten for three pay periods in a row! Then, in December, someone in the office accused me of dishonest business practices via email (and then failed to apologize or even respond when I responded with proof against the accusations). Needless to say, the past six months haven’t been great for work.

A Day in the Life of a Work-at-Home-Mom

A Day in the Life of a Work-at-Home-Mom

If you know nothing about me, you need to know that I have three children (ages 3, 6, and 9) and that I work part-time from home for a behavioral economics firm in the Midwest (I live in Alaska… if that wasn’t abundantly clear). I am privileged to be able to be a stay-at-home mom for my kids, but also earn some income doing something I love. That does not mean my days are easy. Today, I’m going to give you a typical “day in the life of Maggie.” I bet you can’t wait!

The Life of a SAHM (stay-at-home-mom) and WAHM (work-at-home-mom):

5:45 AM – Get up, brush hair, throw on a sweater and set up my computer at the table for a 6AM work meeting. I keep my pajama pants on and have a heated blanket in my lap because the heat in the house doesn’t turn on until 7AM.

6:00 AM – Skype with a group in the conference room at the company’s office. (Until last week, I could just phone in to meetings and stay in my bed for them… but unfortunately, they just got Skype working and now I have to pretend I’m put together).

The Impact of Good Business Communication

The Impact of Good Business Communication

A business can do everything right, but if they have poor business communication, they’ll never succeed. You are your business. You need to make sure you have the ability to communicate your goals and priorities to yourself, your partner and to others that that are involved in your bottom line.

Business Communication Leads to Trust

Do you have the patience needed to reach financial independence?

Do You Have the Patience Needed to Reach Financial Independence?

If you don’t know this about me yet, let me just tell you that I am NOT a patient person. I have zero patience. When I decided I wanted to have a baby, I wanted her to arrive yesterday!* When I apply for something or have to wait for results, the world ENDS until I find out. If none of this sounds like you, GOOD NEWS! You are already one giant step ahead of me on your journey to financial independence!

Patience is Needed on any Financial Journey

I, myself, am famous** for saying: “Financial Independence is not a marathon. It’s more like a sprint followed by a rest on a moving sidewalk.” We all know the power of compounding and the numbers behind how easy it is to become a millionaire when time is on your side, but sometimes it’s just plain hard to remember.

Last Minute Frugal Valentine’s Day Ideas (for kids and spouses)

When is Valentine’s Day again? TOMORROW?! Don’t worry… I’ve got your back. I literally don’t do a THING until the day before to prepare and I don’t spend a penny on this holiday!

(Insert: rant about commercialization of a made-up holiday designed to make you spend money to prove your love…)

Valentine’s Day Decorations

Okay, fine. We planned a LITTLE bit ahead on this one, but I still had to share it because it is literally the GREATEST IDEA EVER (I can’t take credit… I found it on Pinterest years ago and I can’t find the original source…).

Save Money on Razors (by using only 1 a year!)

Save Money on Razors (by using only 1 a year!)

On Sunday, my razor head broke. That’s right. It broke. The plastic connecting it to the razor broke. And I had been using the same razor for just over one year!

Men’s Razors are Better Than Women’s

Yes. There’s a wage gap and, I believe, a razor gap. They just don’t make them the same for women. I’ve been a men’s razor snob since Gillette accidentally sent me a Mach 3 razor when I turned 18 (I was a male on their marketing list apparently). So, let me tell you, ladies… it’s time to pick yourself up a Men’s razor. That’s step one.

Razor Heads Can be Sharpened

How to Choose a Fund Manager

How to Choose a Fund Manager

Over the past year, I’ve come across some pretty interesting studies about fund managers. Based on the research, let’s take a look at who the ideal fund manager is:

Top Performing Fund Managers:

  1. Drive “Practical but Unexciting” Cars – Fund managers who drive sports cars take on more risk… but the risk doesn’t translate into better returns. So, make sure you’re checking the parking lot before choosing your fund manager!
  2. Are from Poorer Backgrounds – It turns out privilege puts people in positions they don’t necessarily deserve to be in. Fund managers from poorer backgrounds may have to prove themselves more because of their lack of connections or status, so the ones that make it are smarter and have more grit than the ones that got a “leg up” to get there.
  3. Actually Do Very Little – This article is about Nevada’s 35 billion dollar fund manager. He describes his method as “bare-bones.” The article says: “The Nevada system’s stocks and bonds are all in low-cost funds that mimic indexes. Mr. Edmundson may make one change to the portfolio a year.”

Be Your Own Manager:

The key, as Mr. Edmundson from the Nevada fund would tell you, is low-fee index funds. Even if you don’t choose Vanguard funds, you can thank Vanguard for creating The Vanguard Effect – The combined savings of Vanguard’s low fees added to the driving down of prices in the industry leading to a savings of over $1 Trillion to the consumer!*

Maybe this is the end of investing as we know it if everyone jumps on the passive funds train. Or maybe you think index funds are communist (I don’t make this stuff up!). Then make up your own mind… but for now, I’m going to drive my sensible car and put my money in index funds and leave it alone!**

*This is similar to the “Costco Effect” in Anchorage. We’re told to be grateful we live in Anchorage after Costco came because before that, prices were much, much higher. 

**I can’t claim I don’t have the privilege card, because I do


Roth IRA Challenge: Freelancing

Today’s Roth IRA Challenge comes from fellow freelancer Patricia Sanders. You can find her on Facebook if you’re looking to connect after hearing her story:

How I fully contributed to Roth IRA after moving out of my parent’s place

I grew up in a median household. The only bread earner was my father. From the very childhood, I knew about the importance of budgeting, as my father preferred to spend every dollar for a reason and wanted everyone to follow the same. During my college days, he retired with modest retirement savings. I didn’t ask my parents to fund my studies as the savings was for their future expenses.

I took a private student loan to complete the studies. Since the final year of the graduation, I was doing part-time job to deal with the student loan.

After completing studies, I left my parents place to join a company, in California, with whom I am currently working as an editor.

My current income is about $50,000 in a year. I took a rented apartment, which cost me dearly in every month. I don’t have a car yet; but still, the income is quite low to manage all the expenses including the student loan bills.

During the first year of the journey, I couldn’t save a single penny. I lived paycheck to paycheck almost all the year. I talked to my father who told me to set aside at least 10% of income, but I failed to do so.

January 2017 Plan Update

January 2017 Plan Update

I started January all ready to kick this year out of the park! One month in and I’m waning. January was a weird month and I can’t say February is shaping up to be any less weird. We’re watching the daily policy deluge coming out of Washington and bracing for Mr. T’s job to be impacted. Since I’m in research, it’s hard not feeling completely worthless in a climate that ignores research. Neil deGrasse Tyson said it best:

Despite the weirdness, we’ll try to pick ourselves up a bit in February and see how much we can accomplish. I made very little progress on any of my non-financial goals this month. Let’s see how I did on the financial ones…

The Numbers:

Want to know how easy it is for us to write these every month? I literally just log into my Personal Capital and revel in all the numbers being in one place. Do you like checking numbers? Do you like graphics? Do you like playing with calculators like retirement calculators and how much your fees are costing you? Then, you should obviously use my affiliate link to Sign up here to help yours truly speed toward financial independence! (I assumed bloggers pushed this because of the affiliate income until I started using it myself… worth the FREE pricetag! And Seriously Amazing.)

Powered by WordPress & Theme by Anders Norén