Monday, July 30, 2012

A Quick FPU Update

We have completed 2 more weeks of our FPU class. We still do not have Internet at home and now I can't get my laptop to turn on most of the time and most of the times I get it turned on it won't connect to the Internet, so this post is being done by my iPad and will be short.

The 11th week of FPU was on careers and extra jobs. Some main points included;
  • Money is ultimately not enough compensation for doing a job, you need to have a deeper purpose to find real value. 
  • You should find something that blends your skills, abilities, personality traits, values, dreams and passions together. 
  • Raising your income long-term is a career track issue and raising it short-term may mean you need the dreaded part-time job.
  • Do not allow your work to be the source of all of your satisfaction and self-worth.

The 12th week was about real estate and mortgages. Here are a few of the main points of is section;
  • Baby step 6 is to pay off your home early!
  • When selling your home think like a retailer!
  • If you have to get a mortgage get a payment no more than 25% of your take home pay on a 15-year fixed-rate loan with at least 20% down and have a fully funded emergency fund left over after closing.

Next week we are having a graduation party and will be having our final lesson of Financial Peace University.William and I should also be finishing his Financial Peace Junior program this week too!

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