June 2019 Debt Payoff Update: $10,581.66 Paid

June 2019 Debt Payoff Update: $10,581.66 Paid

Welcome to my debt payoff update for June 2019! In these updates, I detail our progress on our debt payments for the month and highlight any updates in our financial situation.

I started this site to hold Mr. TMG and me accountable in our debt payoff journey. I also want to inspire and encourage others who are in debt (especially if you owe six figures like we do) by showing everyone that debt doesn’t have to be forever.

Whatever your numbers, I hope you find some inspiration in our story.

Let’s get to it!

Continue reading →

Posted by Rho in Debt Payoff Updates, 2 comments
I Am My Ancestors’ Wildest Dreams

I Am My Ancestors’ Wildest Dreams

I’m the first lawyer in my family. I work for a law firm that, like other corporate firms, only in fairly recent history began hiring people who look like me.

I make more than my ancestors could ever have dreamed of making.

Part of it is that people simply were paid less back in the day. More of it is has to do with the history of the treatment of Blacks in this country. Continue reading →

Posted by Rho in Manage Money, 2 comments
May 2019 Debt Payoff Update: $11,171.50 Paid

May 2019 Debt Payoff Update: $11,171.50 Paid

Welcome to my debt payoff update for May 2019! In these updates, I detail our progress on our debt payments for the month and highlight any updates in our financial situation.

I started this site to hold Mr. TMG and me accountable in our debt payoff journey. I also want to inspire and encourage others who are in debt (especially if you owe six figures like we do) by showing everyone that debt doesn’t have to be forever.

Whatever your numbers, I hope you find some inspiration in our story.

Let’s get to it!

Continue reading →

Posted by Rho in Debt Payoff Updates, 2 comments
How We Manage Our Money

How We Manage Our Money

Learning to manage your money effectively can be tough.

If you grew up in a household like mine, money was not a topic to be discussed with children. That was “grown folks’ business.”

No one teaches you, and then, you become an adult, and you’re expected to just magically know what you’re doing.

Thankfully, I learned to manage my money because a friend who was good with money showed me how he did it.

I want to be that friend to you. Hopefully sharing information about our finances will help you to manage your own. Continue reading →

Posted by Rho in Manage Money, 0 comments
The Best Personal Finance Advice I’ve Received

The Best Personal Finance Advice I’ve Received

Almost 10 years ago, I read some advice in a personal finance book that has forever shaped the way I think about my money and spending habits.

The book was I Will Teach You to Be Rich by Ramit Sethi. (The newly released second edition is available here.)

The nugget of wisdom that has stuck with me all these years? “Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t.” Continue reading →

Posted by Rho in Manage Money, 4 comments
A Peek at Our Monthly Budget

A Peek at Our Monthly Budget

Some people have asked about how we’re able to pay so much toward our debt each month.

Of course, a big part of it is that Mr. TMG and I both make six figures, so we have a bit to work with. The other part is that we try to keep our expenses in check. As we all know, it’s possible to make a lot, spend even more, and end up broke.

I thought it would be helpful to pull back the curtain on our monthly budget so you can see our other typical expenses. Continue reading →

Posted by Rho in Manage Money, 0 comments
April 2019 Debt Payoff Update: $8,814.27 Paid

April 2019 Debt Payoff Update: $8,814.27 Paid

Welcome to my debt payoff update for April 2019! In these updates, I detail our progress on our debt payments for the month and highlight any updates in our financial situation.

I started this site to hold Mr. TMG and me accountable in our debt payoff journey. I also want to inspire and encourage others who are in debt (especially if you owe six figures like we do) by showing everyone that debt doesn’t have to be forever.

Whatever your numbers, I hope you find some inspiration in our story.

Let’s get to it!

Continue reading →

Posted by Rho in Debt Payoff Updates, 0 comments
We Make Too Much Money to Be Broke

We Make Too Much Money to Be Broke

I came out of law school making six figures. I was a kindergarten pipeline kid and had been in school for 20 years at that point.

Mr. TMG was still in med school at the time, but our household income was more than either of us had ever seen.

Two people who grew up with nothing had a six-figure household income. You couldn’t tell us nothing. Continue reading →

Posted by Rho in Manage Money, 0 comments
Thoughts on Life and Money at 30

Thoughts on Life and Money at 30

I’m officially 29 years and 364 days old.

I don’t feel much different, but it’s weird to think I’m about to complete my third decade of life.

On the eve of my 30th birthday, I’m reflecting on the evolution of my finances and sharing a few lessons I’ve learned about life and money. Continue reading →

Posted by Rho in Manage Money, 2 comments
We Don’t Have a Student Loan Crisis

We Don’t Have a Student Loan Crisis

Everywhere I turn there is talk of the student loan crisis in America. All the news outlets talk about how millennials can’t get ahead because we’re collateral damage in this crisis.

Make no mistake, the astronomical cost of higher education is outrageous, as are the cost increases (that far outpace inflation btw) that are piled on year after year.

However, the ever-increasing student loan burden is simply a symptom of a more significant underlying issue. Continue reading →

Posted by Rho in Manage Money, 3 comments
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