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Month: May 2017

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An Amateur Travel Hacker’s First Experience With Travel Hacking

I’ve always been wary when it comes to credit cards. Even though I’ve never been shy about trying out new fintech apps or opening up new bank accounts, for some reason, credit cards have always scared me. Maybe it’s the fact that a credit card goes on your credit report. Signing up for a new card just seems so … permanent.

My fear of opening up new credit cards probably comes from the fact that my history with credit cards isn’t very robust. I got my first card back in 2006 during my sophomore year of college – a Citi mtvU Visa Card which gave me extra points when I used it at bars and restaurants. The card seemed pretty good and it served as my daily use card throughout my 20s. In 2012, Citi changed the card over to a Citi Forward Card, which was the card that I was using all the way through the beginning of this year. The only other card I’ve gotten during that time is a Target Red Card that I accidentally got when I was actually trying to get the Target Debit Card.

Because of this fear of credit cards, I’ve pretty much missed out on the whole travel hacking craze…

Continue reading An Amateur Travel Hacker’s First Experience With Travel Hacking

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I’m Back In Debt Again

As you can probably tell from reading this blog, I’m pretty proud of how fast I paid off all of my student loans. It took me just 2.5 years to pay off all $87,000 worth of it. As a brief recap, I started my first job in the fall of 2013, started paying down my debt for real at the beginning of 2014, and paid off the last of my student loans in 2016. By the time I reached a $0 student loan balance, I hadn’t even been in the workforce for three years! In hindsight, that’s actually pretty astounding. There probably aren’t a ton of lawyers out there that are debt free three years out of law school.

With my recent marriage, however, it looks like I’m officially going right back into debt again in the form of my wife’s student loans. She graduated from dental school in 2014. Since then, she’s done a one-year hospital residency and is now currently in the middle of a three-year specialty residency. Needless to say, four years of dental school, four more years of post-dental school training, and no significant income since 2010 means that she’s sitting on a pretty high student loan balance. It’s a little bit over six figures at this point.

Continue reading I’m Back In Debt Again

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Catching Up Financially Is Pretty Easy

I’ve often lamented about getting a late start in the savings game. Unlike many of my peers that went into the workforce at 22 years old, I opted to head off to law school (and goofed off for a year before doing that). Choosing this path meant that I had to take out nearly six figures worth of student loans and made it so that I earned essentially no income for the majority of my twenties. By the time I started my first job, many of my friends had already been in the workforce for 4 or 5 years.

When it comes to late starts though, I don’t think anyone can beat my wife. She spent five years in college, another four years in dental school, did a one-year general practice hospital residency and is now currently in year two of a three-year specialty residency. For those of you keeping track at home, that’s 8 years of post-college training! And unlike medical residencies, most dental residencies pay nothing or offer their residents a tiny stipend (usually a few thousand bucks a year – my wife made about $4,000 total in 2016). By the time Mrs. FP earns her first real paycheck, she’ll be 32 years old. Oh, and she’s also got a healthy six figures of student loan debt to boot. Quite a position to be in at 32 years old.

Continue reading Catching Up Financially Is Pretty Easy

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April 2017 Side Hustle Report – $399.04

Welcome to this month’s edition of the side hustle report. If you’re new, each month I document exactly what I earned doing various side hustles using sharing economy and gig economy apps. I think there’s a lot of value in showing exactly what you can make with these types of apps. They’re super flexible and cost pretty much nothing in upfront costs. There aren’t a lot of businesses that allow you to make money pretty much overnight, whenever you want.

When it comes to side hustling, I have four main sources of income:

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5 Things I’ve Learned From Putting Together A Wedding

Well, I’m back from my honeymoon in Puerto Rico and getting back into the swing of things here at home. Now that I’ve been married for a week, I can comfortably say that I’m now an expert in all things marriage related. If you ever need marriage advice, I’m your man.

But seriously, the entire wedding process was super stressful for Mrs. FP and I. Those last few weeks, in particular, were a nightmare and looking back, there are a bunch of things I wish I had understood more or had thought about back when we first got engaged.

Here are five things I’ve learned from putting together a wedding.

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