Net Worth Update January 2011 (+3.61)

Welcome to the Million Dollar Journey January 2011 Net Worth Update – The first update of the year. For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to track the progress of my journey to one…

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Financial Goals for 2011 – What are Yours?

Since starting this blog, I’ve set financial goals every year to help keep me focused. One strategy that has been written a lot about a lot in the blog world is using the SMART goal strategy. SMART is an acronym for: S: Specific M: Measurable A: Attainable/Actionable R: Realistic/Relevant T: Time Based The SMART goal…

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Dollar Cost Averaging (DCA) vs Dollar Value Averaging (DVA)

When investing in stocks, bonds, mutual funds or ETFs, the term “dollar cost averaging” is usually mentioned as the no-frills approach to investing. This post will compare dollar cost averaging to dollar value averaging and discuss their pros and cons. DCA is a relatively simple and practical approach to investing, where we invest a small…

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2010 Financial Goals Evaluation

As I like to stay accountable for my finances, I set financial goals every year.  Last years goals were fairly aggressive and although I’m happy with the way things worked out, there was some room for improvement.  Out of the six goals, three were achieved, one made good progress, and two just didn’t happen.  Lets…

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