Book Review: 5 Takeaways from The Millionaire Next Door

Here we are. The first book review EVER posted on this website and I could not think of a better book to begin with.  Finally, after many references on other blogs and suggestions in forums, I decided to read “The Millionaire Next Door” by Thomas Stanley, PHD and Willian Danko, PHD.  It amazes me that it has taken me THIS long to read the book, but I guess it is better late than never, right?  One of my goals in 2017 was to read more books, so this seemed like a great place to start.  Here are some of my thoughts on the book.

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Best Use of Unlocked Cash Flow

Hello everyone!  Today, I went on a run outside and had a nice deep thought about what to do with an unlocked source of cash flow.  No, no this isn’t coming from my INCREASE in housing expenses or a pay raise.  This actually goes back to relate to paying off my auto loan earlier, rather than later.  This won’t be moving mountains, by any means, however this unlocks a new cash flow for me and now the debate is what to use the additional capital that will be available on a monthly basis going forward!

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Three Painful Housing Expense Increases

Ah, the house never ends!  I seem to find myself writing quite a bit about the cost of living in a house and the controllable/sometimes not so controllable costs associated with home ownership as well.  After various discussions with people and bills being paid – I’ve decided to write about the surprising increase in housing expense over three areas of living in a house – Insurance, Property Tax & select Utilities!  Come check out the “fun”!

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Lanny’s April Dividend Income Summary

Put it on the board!  Yes, another month is down and how exciting are these times for us dividend investors?  Tax discussions, price swings within the stock market and a plethora of dividend increases to boot.  One thing that i wished that cooperated better was the weather here in Ohio – it has swung wildly from mid-40’s to mid 80’s on a few occasions.  All is okay, as the Cavs are cruising in the 2nd round and the Tribe are playing okay!  Without further-ado here is April’s dividend income summary!

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Lanny’s Q1 2017 Goals Update

Spring time is in the air and  Easter has now been celebrated.  Busy season is over, the snow is melted and the NBA playoffs have started.  Baseball season is underway and the Cleveland Browns still have no idea what’s going on.  I set my goals earlier on and it’s time to check back in after a rough few months to see how I am doing.  Time to check in after 90 days of the pursuit of 2017’s goals, which is hopefully propelling and pushing 2018 soon-to-be goals to new levels.   Continue reading

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Lanny’s March Dividend Income Summary

Quarter 1 of 2017 is now officially int he books!  Here we go, the music starts, the sun is brighter and I am feeling better/more rested each day.  What else does this mean for, more specifically, US dividend income investors?  The biggest month worth of paydays has finished and I can only hope the community feels the same.  Did we set records?  Did we reach expectations or did we learn something that we can create growth from?  Time will tell when we are able to review all of the articles being released, but I am very pleased with how March ended from a dividend income stand point.  Let’s dive into the results!

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