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Repost of my First Post – Almost Two Year Anniversary at My Journey to Millions

August 5th, 2010 will be 2 years for My Journey to Millions!  To put that in perspective:

  • High School was 4 years
  • College was 4 Years
  • Law School was 3 years
  • I have been Married 2 years and 2 months

For the next couple days I am going to re-post some REALLY old posts.  Today is the re-post of my first ever post.  I have added some new links were applicable.

Repost of my First Ever Post

I figured I needed to start somewhere so why not lay it on the line for the readers of this blog, while keeping myself accountable in the months and years to come.

Just recently married (a little over six weeks ago) and The Wife and I decided to get serious about what we are going to do with debt and our money in general. We are attempting to combine finances (that is a ridiculously long post in of itself) while getting into our first goal, the subject of this post


Like most people, I am not a naturally frugal person (lucky for me my wife is – but more on her in a later post); unlike some extreme PF Bloggers, I am not looking to live off rice and beans until I amass a cool million in my qualified money that I can’t touch until 59 and a half. Maybe because I am relatively young (26) but I just don’t want to live that way. With that being said I am participating in my employer’s 401(k) up to the match, and I don’t go spending $500 on a single night out.

Regardless of my “feelings” on debt and spending, it comes down to the numbers – and these numbers HURT JUST TO WRITE.

  • Approximately $16,800 in credit card Debt!
  • Approximately $250,000 in Secured Debt (House Mortgage and my car – wife leases)
  • $60,000 – $70,000 Law School Loans

With that being said we have over $XX,XXX in non-qualified savings (high yield accounts – I will write a post on my love of ING in another post). Additionally, Wife has $XX,XXX or so in mutual funds, a grand or so in my tradeking brokerage account ,and lastly, I have some in retirement accounts.

First thing I did was transfer as much as possible to 0% credit cards. So 80% or so of that $16,800 is at 0% which is huge! Second thing I am in the middle of is creating a modified debt snowball. J.D. from Get Rich Slowly has a great introductory article on The Debt Snowball.

I say modified because, I KNOW the math on it debt snowball is wrong. I apply my extra money used towards debt (approximately $1,000) towards the highest aprs left that didn’t get onto a 0% card, then I will start applying that money towards the card I will lose my 0% on then attach the rest debt snowball style.

When I create the excel sheet I will post it!



  1. Congrats Evan! You should follow up this post with your current financial debt situation. That would be a cool comparison. Best wishing on the years to come!

  2. I’ll second the request for a 2 year update.

    Also, not to judge but…you bought a TV for your baby’s room?

    • The Wife plans on breast feeding and from what I hear/read it is a ridiculous schedule of feeding sleeping for 2 hours feeding sleeping for 2 hours etc. so it is actually for Mom to be to watch tv during the night when she graciously lets this work horse sleep since my man boobs don’t produce milk LOL

  3. Evan,
    Congrats on two years blogging. You inspire relatively new bloggers like me (just over one year) by continuing to post thoughtful and challenging information. Keep it up!

  4. Congrats on 2 years in blogland!

    I have to say, I enjoy your fresh perspective on matters, and cheering for you on your journey to millions!


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