tag:blogger.com,1999:blog-3936678570616426654.post1540334699462507104..comments2023-05-21T08:17:31.907-07:00Comments on The Frugal Optimist: Action StepsMonica Michellehttp://www.blogger.com/profile/11426269766677536571noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3936678570616426654.post-21429634974560502052014-04-27T10:07:11.353-07:002014-04-27T10:07:11.353-07:00Thank's Jay for your comment :) I absolutely a...Thank's Jay for your comment :) I absolutely agree that direct reinvestments of our stock dividends is important. Nick has been investing in the stock market since he was a kid and we had been doing a $25-$50 monthly investment until about a year ago. We should start throwing money back into this investment portfolio. Thanks for the tip :) Monica Michellehttps://www.blogger.com/profile/11426269766677536571noreply@blogger.comtag:blogger.com,1999:blog-3936678570616426654.post-43241796483064125902014-04-27T09:59:21.739-07:002014-04-27T09:59:21.739-07:00Thanks Andy for the breakdown! I attended a 401k m...Thanks Andy for the breakdown! I attended a 401k meeting this past week and realized how silly it was for us to not have our percentage up to at least the matching rate. Take the free money we can get and the compounding interest that goes with this early investment! Monica Michellehttps://www.blogger.com/profile/11426269766677536571noreply@blogger.comtag:blogger.com,1999:blog-3936678570616426654.post-43835922180232606452014-04-25T11:13:49.610-07:002014-04-25T11:13:49.610-07:00I would suggest you look into setting up a DRIP ac...I would suggest you look into setting up a DRIP account. A DRIP is an account were you can buy stock in a company and all dividends are reinvested into the account. You can make optional purchases of as little as $25 at a time. Because you buy the stock from the company you don't pay brokerage fees. The initial set up can be pricey but once its up and running it's very cost effective. I started this in the early 90's with a couple of companies and used that money to pay the closing costs when we bought a house in 2005. At that time it was about 3-4 thousand dollars. A nice sum that I accumulated in $25 dollar increments.Anonymoushttps://www.blogger.com/profile/02658629453986343171noreply@blogger.comtag:blogger.com,1999:blog-3936678570616426654.post-41805595676759690612014-04-25T08:38:09.021-07:002014-04-25T08:38:09.021-07:00Sounds to me like you have found a good balance. ...Sounds to me like you have found a good balance. I especially like your comment about continuing to contribute to your 401k even when you are in debt. If your company matches 50% for example, then that is the equivalent of making a 50% return on your investment right away. As long as you don't have any debt with an interest rate close to 50%, then you should always take advantage of this free money since your investment is earning more than what paying debt off could have saved you.Anonymoushttps://www.blogger.com/profile/11920240755041907856noreply@blogger.com