“I didn’t think of my debt as a struggle, and I encourage everyone else to do the same.” – Eric Rosenberg
Eric Rosenberg created the personal finance blog Narrow Bridge Finance in 2008 after quitting his bank job. He learned a lot during his time as a bank employee and wanted to share his knowledge about credit scores, savings and bank accounts with readers online. Just like that Narrow Bridge Finance was born.
Face your debt head on
The faster you embrace debt the faster it will be paid off says Rosenberg. “Rather than look at debt as a battle, it should be a goal.” So many people ignore their debt because they are afraid of it, but owning the debt and setting a plan in motion to pay it off as quickly as possible can help save thousands of dollars in interest.
Rosenberg’s biggest financial accomplishment is paying off his student loan debt in only a couple of years. After graduating with an MBA from the University of Denver Rosenberg spent approximately $90,000 on his education and financed it through student loans.
He knew he didn’t want to graduate with close to $100,000 in student loan debt so Rosenberg made a very aggressive repayment plan that started while he was still in school. Rosenberg worked full time while studying and set up automatic payments from his checking account to his student loans each and every pay day.
“Pre-paying the (student) loans saved me thousands of dollars in interest and helped me free up extra funds to purchase my first home and follow my dreams” says Rosenberg. Two years after graduation Rosenberg was debt free.
From Debt to I Do
Being debt free has opened multiple new doors of opportunity for Rosenberg and Narrow Bridge Finance. Not only did he graduate with an MBA in the last few years, he also moved to a new state, landed a new job and fell in love. “I knew that finding someone with a similar view on debt and wealth was important and I have certainly met my match.”
Rosenberg and his fiancé have been together for a year and a half and his May they are getting married. He and his wife-to-be have a mortgage on their home but otherwise live completely debt free. Their goal as a couple is to continue to live debt free while enjoying life to the fullest. “We will both be active in our financial decisions and will work together to ensure we reach our goals” says Rosenberg.
Originally published on SaveUp
Photo by taxcredits
I have a younger sister named Tara Marie and although we are complete opposites in many ways, when it comes to our money management we are very similar.
Let me give you a little background information on my family life. My parents separated when I was 16 and Tara Marie was 13, we didn’t grow up together and therefore (unfortunately) we aren’t very close. Although we don’t see eye to eye on a lot of subjects and our lifestyles our very different, our money management styles are very similar.
Do you manage your money like your brothers and sisters?
Tara Marie and I are both in our 30s and surprisingly we are now discovering just how many things we actually have in common. I always thought that we were two completely different people because we grew up in different households, but it turns out that the way we manage our money is very similar. This makes me think that good money management is a natural habit.
Money management tips I share with my sister:
We don’t waste money. I don’t overpay for anything and my sister is always looking for the best deal. I wouldn’t say that either of us is cheap because we are willing to pay for quality – we just don’t want to overpay. I have said it a thousand times and I will say it again, I hate paying ATM fees. I will walk five blocks in the rain before I pay extra ATM fees (and I hate the rain).
We avoid paying for convenience. I think it’s safe to say that Tara Marie and I don’t like paying for convenience because it’s a waste of money. Sometimes I wish my life was a bit more convenient and I could get my groceries delivered every week, but every single Friday I carry two bags full of fresh fruits and veggies home after work because I want to save money on the delivery fee. My sister will wash her car at a self car wash in the middle of the cold Northeast winter if it saves her $6. Of course it’s more convenient to sit in your warm car and let the indoor car wash work its magic but at $12 a pop my sister prefers to save money and do it herself.
Maybe, just maybe we are born with good money habits.
Originally published on Blonde&Balanced
Photo by plutor
Have you ever been to a job interview and then a few days later received the dreaded phone call that says “Sorry, but you were not selected to proceed because we decided to go in a different direction.” It sucks. The first question you probably ask yourself “What went wrong?”
Whenever I don’t succeed at a job interview – or at anything in life – I always want to know what I did wrong so that next time I can do it differently and succeed the first time. Sometimes in a job interview it’s really out of our hands, sometimes the company does go in another direction – like promote an employee internally. But sometimes we really don’t get the job because of something we did.
I don’t know about you but I replay the details of the interview over and over again in my head until I have confirmation that I did get, or didn’t get, the job. And I really hate that, is it normal? I just wish that I could walk out of a job interview and be like “nailed it”.
This week I went to a human resources seminar and the presenter said that there are actual mistakes people can make in job interviews. Do you want to know what they are?
3 things to avoid in a job interview:
1. Talking too much. I am absolutely guilty of this and it’s because I’m a chatty person by nature. I can usually tell by a person’s face when I’ve been rambling on too long and then I just wrap it up by restating my point. I also usually try to make a joke about me talking too much and going over the allotted time so the interviewer knows that I am not totally socially awkward and that I am definitely trying to work on this.
2. Using the same examples in different questions. The HR presenter said that this is a big no-no. Job interviewers ask for different real life examples because they want to hear about your past experience, your employment history and how you deal with a less than desirable situation. In a job interview use examples that show the qualities and skills your potential employer is looking for. Think about the question and figure out what they are really trying to ask – do they want to know if you work well with others, do they want to know how you deal with stress or do they know if you can work within deadlines. Give them what they want.
3. Being over confident and even arrogant. I was surprised to hear that this is a bad quality when going to a job interview. I personally think it’s good to be confident – confident that the skills you have are the sills they want in an employee. I think it’s not super smart to be arrogant and assume you will get the job, but you can’t be insecure either. Who wants to hire someone that isn’t sure of themselves? Probably no one.
Originally created for DinksFinance
Photo by FrankT