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Viewing profile - Mays Financial

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Mays Financial
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Joined: Thu May 13, 2010 9:16 pm
Last visited: -
Total posts: 19
[0.02% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 13 Posts / 68.42% of user’s posts ]
Most active topic: Paying mortgage Bi-Weekly
[ 4 Posts / 21.05% of user’s posts ]

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Location: San Diego, CA
Age: 31
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Interests: Personal finance, financial planning, education
Website: http://www.maysfinancial.com

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http://www.maysfinancial.com: Dedicated to improving financial literacy with personal finance and financial planning information including web-courses, videos, articles, a financial glossary and more. All content is free.

Mays Financial Posts

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 Forum: Personal Finance   Topic: Government TSP Allotment for 25 y.o.

Posted: Wed Jan 12, 2011 7:35 am 

Replies: 28
Views: 6084


Just curious, but are you GS or military? As far as I knew, GS could get matching contributions, but military didn't so it was more like a traditional IRA but with fewer investment options and a higher annual contribution limit (15-16k?). When I first joined the military I invested in the TSP, but t...

 Forum: Personal Finance   Topic: credit card bills

 Post subject: Re: credit card bills
Posted: Sun Jan 09, 2011 12:23 am 

Replies: 3
Views: 1036


Given your history, I assume you've paid it by now. How late was the payment? As far as I've seen, things typically don't hit your credit report until after 30 days late. You may be charged a late fee or see an increase in your rate depending on your terms. I would recommend paying the bill and call...

 Forum: Personal Finance   Topic: Condos vs. Single-family houses

Posted: Sun Jan 02, 2011 5:48 pm 

Replies: 7
Views: 2494


Cely, totally agree with many of your points. The ease of living in or managing a condo is phenomenal. Whether living in it or managing it as a rental property, the HOA fee has always been worth it for me. I'm glad you made the point about the newer high rise condo units. My wife and I were living i...

 Forum: Personal Finance   Topic: Paying mortgage Bi-Weekly

Posted: Sun Jan 02, 2011 5:39 pm 

Replies: 19
Views: 3814


But telling others that finance is about feelings, beliefs, and that sort of thing is dangerous. People who actually know what they are doing use math both to guide them when evaluating decisions and to judge performance. Allocating assets between stocks, bonds, real estate, cash, gold, and tulip b...

 Forum: Tips, Tricks, Links, Pointers   Topic: How have you simpilifed your personal finances?

Posted: Sun Jan 02, 2011 4:47 pm 

Replies: 28
Views: 18035


This option isn't available to everyone, but I'm there may be some ways to achieve similar results. One of the best things I did was combining the majority of my financial assets. I use USAA for my checking, savings, credit cards, homeowners and auto insurance policies, and many of my investments ($...

 Forum: Tips, Tricks, Links, Pointers   Topic: Articles We Like

 Post subject: Re: Articles We Like
Posted: Sun Jan 02, 2011 4:37 pm 

Replies: 19
Views: 39530


This is a link to a speech by Warren Buffet to group of MBA graduates. For me his speech gave a very good perspective on wealth, business and life. The last part of the speech definitely struck a chord with me. I highly recommend checking it out. http://www.youtube.com/watch?v=DfuXKpMFUjc Edit: I fo...

 Forum: Personal Development   Topic: I need a bachelor's degree

Posted: Sun Jan 02, 2011 4:27 pm 

Replies: 25
Views: 16667


There are plenty of state universities with online programs that may allow you to pay in-state tuition. From what I've seen, state universities offer the best combination of reputation/price. Unfortunately in some places (i.e. here in California) public university tuition has increased substantially...

 Forum: Personal Development   Topic: What do you make of this quote?

Posted: Sun Jan 02, 2011 4:12 pm 

Replies: 13
Views: 7194


I there's some truth to it. I wish I had enjoyed college more. I was pressured to finish my Bachelor's in 2.5 years due to financial constraints. On one hand I was happy to accomplish the goal and earn honors, but at the same time I think I could have had a lot of fun or maybe even earned another ma...

 Forum: Personal Development   Topic: Which success strategy worked the best for you?

Posted: Sun Jan 02, 2011 3:59 pm 

Replies: 2
Views: 2904


I consider myself successful for my age (just turned 26) but have many things I want to accomplish. In terms of finances, my wife and I have had much success after humble beginnings and now have the ability to raise a family without any concerns--which has always been the goal. In the educational ar...

 Forum: Personal Finance   Topic: How do you avoid your credit card debt?

Posted: Sun Jan 02, 2011 1:57 pm 

Replies: 22
Views: 3642


Personally, I use my credit card for everything, from gum to major purchases. I take advantage of points every chance I get. I find that the cash rewards program works for me much better than having to manually spend my points. Aside from emergencies I recommend never putting more on your card than ...

 Forum: Personal Finance   Topic: What will you do with your raise in 2011?

Posted: Sun Jan 02, 2011 1:33 pm 

Replies: 53
Views: 6468


In the past year I've been able to scoop up condo properties for between $95k and $110k plus closing costs. These properties bring in between $950 and $1300/month gross. Appreciation is not my goal, otherwise I would have invested in detached, single family homes. My primary goal is cash flow. It's...

 Forum: Personal Finance   Topic: Paying mortgage Bi-Weekly

Posted: Sun Jan 02, 2011 1:23 pm 

Replies: 19
Views: 3814


Mays, Do you do any actual analysis or is finance all about how you feel about something and about waving your hands? Your posts seem to lack any useful information to help people analyze their own situation and make good decisions. It's all about how I feel, but I tend to flap my hands more than w...

 Forum: Personal Finance   Topic: Paying mortgage Bi-Weekly

Posted: Sun Jan 02, 2011 10:18 am 

Replies: 19
Views: 3814


If you pay that additional money, you won't see any benefit until the mortgage is paid off, albeit a bit early. You benefit immediately because you are accruing less interest. Point taken, I misspoke. I look at it a different way, though. Regardless, I'll still pay the mortgage off early once the m...

 Forum: Personal Finance   Topic: What will you do with your raise in 2011?

Posted: Sun Jan 02, 2011 10:07 am 

Replies: 53
Views: 6468


I'll continue to invest in real estate while the market is on sale. I'll probably also buy into equities again with the next market correction. Good luck on that. If real estate follows the 100+ year trend of prices tracking building costs it is still overpriced and should not grow for another deca...
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