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The TOP RATED Personal Finance Blog and Retirement Guide for Generation X and Y by Ted Jenkin
Updated: 21 hours 37 min ago

Daddy, Daddy, Please Take Me To The Gas Station

Fri, 07/18/2014 - 13:59

Gas Stations.   Growing up in New Jersey, the only thing I looked forward to when Mom or Dad was filling up at the pump was watching the attendant wipe down our front windshield and cracking the window to catch a whiff of the gasoline smell.  Most certainly, we avoided getting out of the car to use the gas stations bathroom facilities and if you wanted something to eat the best you could hope for was a Little Debbie snack or a pack of Lance’s peanut butter or cheese crackers. Today’s gas stations look more like part convenience store, part gourmet food store, and part fill up your tank.   Recently, a new RaceTrac opened up near me on Old Milton Parkway and I was amazed at how the entire store was put together.   The friendliness of the staff and the cleanliness of the store was simply off the chart.  But why oh why do kids ask Daddy and Mommy now to take them to the gas station?  Here’s what I found...

How Does LeBron Become A Billionaire?

Tue, 07/15/2014 - 16:06

There was no way to avoid the news this past week that LeBron James decided he was coming home to Northeast Ohio to return to playing basketball for the Cleveland Cavaliers.    It has been widely shared in the news that LeBron James wants to become the first billionaire athlete.   Is this gutsy move actually designed with the thought in mind to win championships or created in the next set of career moves to forge the path to becoming a billionaire? “It’s my biggest milestone,” he says in a story with GQ. “Obviously. I want to maximize my business. And if I happen to get it, if I happen to be a billion-dollar athlete, ho. Hip hip hooray! Oh, my God, I’m gonna be excited.” (source: GQ) With a reported $250 million dollar net worth, (source: just what smart money moves does LeBron need to do to get himself to a billion dollar net worth. Win Just One Championship In Cleveland- He likely won’t catch Kobe or Michael for number...

Three Reasons Why Software Sales Guys Go Broke in Buckhead

Sun, 07/13/2014 - 08:36

Just closed a big deal, didn’t you?   Now you are the big man on campus as you swiftly exit Johnny’s Hideaway and slide down to Landmark Diner for a 3 a.m. burger.  You pop a ride home with Uber so you don’t bang up the finely tuned up Porsche you just bought, and then it’s on to five days at a four star hotel in Cost Rica.  While it seems like your leading the life of Riley, your ATM statement says otherwise leaving you scratching your head on where all of your cash is going.  So why do software sales guys go broke in Buckhead?  Here are three insights from the Tech Financial Advisor. Bar bills, fancy restaurants & night clubs: We’ve all been there when someone pulls out their credit card and buys a round of drinks for the whole group.  What do you have to show when you wake up the next morning with a $300 bar tab?  There is some great affordable dining in Atlanta so is...

Getting Investment Advice Online: Be Clear About Your Expectations

Thu, 07/10/2014 - 07:30

In order for individual investors to get the most out of their online relationship, they should avoid the colossal mistake most individuals make. The biggest mistake is simply not being clear about expectations. There are many really high quality online investment advisors and overall financial planning offerings on the internet. Some of the online investment advice companies will offer financial planning or other services in addition to money management. Some of them will offer you no customization whatsoever of your portfolio. While others, will allow for some degree of customization based upon your overall situation. However, if you aren’t really clear about what you want out of the relationship, you may become quickly disappointed in what the online provider is going to do for your portfolio. Just like any face to face relationship you would engage in for financial planning or investment advice, do your homework about the organization. Is it venture capital backed and possibly going to be sold down the road? How will that affect your portfolio? Do...

A $5,000 Watch Doesn’t Make You Look Cool

Tue, 07/08/2014 - 07:53

Have you ever met someone who you would classify as a wine snob? Someone who knows all the best wines and will tell you why that $50 bottle of wine is superior to the two buck Chuck you get at Trader Joes? In the world of watches there are also people who you will meet who are watch snobs. The people who will assure you that the Rolex they spent $5,000 for is the best that money can buy, and can give you all of the brand name watches you should own over your lifetime if you really want to show people you have hit success. The dumbest purchase I ever made was spending $5,000 on a watch. I wore two watches over the course of a year, one that cost $5,000 and one that cost $79. The $5,000 watch was a Panerai and the $79 was a Diesel. I generally messed with people when they asked me about the watch and called it a DEE-SELL. During that year, my...

Nothing But Net Is All That Matters

Sun, 07/06/2014 - 07:35

Analyzing fund returns can be one of the more treacherous tasks for the average investor. There is so much information on the internet, but it doesn’t necessarily make the regular Joe more knowledgeable when it comes to picking a fund. In addition, the prospectuses have such technical legal and financial jargon that you practically need an engineering degree to get through it cover to cover. In my mind, the most important thing you do not want to overlook is making sure you are comparing funds net vs. net when making a decision about where to put your money. The first piece of the ‘nothing but net’ conversation is to line up all the costs of the fund. Beware that some costs will take you more time and research to find out versus others. Review shareholders fees such as sales loads, exchange fees, and purchase fees. Closely examine fund operating expenses including management fees, 12b-1 fees, and a line item called operating expenses. Last, inquire about the cost of trading and...

Who Will Take Care Of Your Aging Parents?

Thu, 07/03/2014 - 07:28

Generation X will have its first official fifty year old group next year.  It’s hard to imagine for a  Gen Xer because we are still convinced that bands like Huey Lewis and The News and Foreigner are kind of cool when officially on the music circuit they are considered ‘oldies’ already.    Most of our parents are hitting that late 60’s to mid 70’s range and now we are wondering who is going to take care of Mom and Dad.   You may have even joked last Thanksgiving by putting your finger on your nose and declaring NOT IT when asked this very question by your sister or brother.    Here are four important ideas to be thinking about when it comes to who will take care of your aging parents. Who Is Playing Quarterback? The bigger your family, the more of a likelihood that someone has become the favorite son and there is a black sheep lurking in the family as well.  Do you know amongst your siblings who is going to...

How To Get Rich With Oxygen Financial – 07/01/2014

Tue, 07/01/2014 - 18:17

Taped 07/01/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Regular Guys and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at

VIDEO: Dont Let 2008 Happen To You Again

Tue, 07/01/2014 - 13:09

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Don’t Let 2008 Happen To You Again

Tue, 07/01/2014 - 12:14

Should you be concerned at all as Dow 17,000 approaches us and may have already happened by the time you read this article? Is hitting 17,000 going to be your friend to a more bullish market or will it be time for people to take their profits off the table and we will see a pullback?   Is it really just as easy as putting the portfolio car in cruise control and just let it ride down the highway?   Here are a few smart money moves lessons to learn so 2008 doesn’t happen to you again in the future. What’s Your Time Frame?  In 2008, there were many parents who had saved for goals such as their children’s education only to see the balance of the accounts get cut in half.  If your son or daughter has college tuition due in the fall, make sure the allocation of your assets matches your time frame. You Must Have A Risk Mitigation Plan- What we learned in 2008 is that diversification doesn’t always...

5 Mistakes To Avoid At Your High School Reunion

Fri, 06/27/2014 - 17:45

“Dude! I can’t believe it’s already been 10 years!” This is something I am starting to see a lot on my social media feed as I brace for my first high school reunion. I had mixed feelings about attending but in the end, $70 to spend a night hanging out at a country club with some old friends, reminiscing on old stories and having a few cold ones, sounded like a good time. Here are a few tips I am planning on following myself: DON’T overdress. You aren’t Justin Timberlake so don’t show up in a skinny suit and tie and act like it. It’s intimidating to others and makes you look more like a loser than a winner. And I hope you weren’t planning on going in a T-shirt and jeans…Did you want Best Looking 2004 to think you are a dish washer at the local Taco Mac? (if you are, well…its been 10 years, move on!). A simple button down shirt and slacks is just fine. DON’T drink...

Five Robotic Moves I Hate On Social Media

Thu, 06/26/2014 - 07:57

Social Media is absolutely an integrated part of our lives today.   We might have wondered whether or not the computers would take us over one day, and I have been noticing more and more automated social media moves that are starting to make us all look like robots.   Using social media to post original content, pictures, cool selfies, and cutting edge articles are all fantastic.  Here are five robotic moves I keep seeing on social media that we all have to put an end to right now. CONGRATS ON LINKED IN- I am seeing this one on LinkedIn all the time.  When someone hits an anniversary for a job, LinkedIn prompts your network to say congratulations on your feed.   If you really want to wish me congratulations then take a few minutes and write a note or share it with your network.   Say congrats if you mean it not because you have slot machine like tendencies to just push the button. HAPPY BIRTHDAY ON FACEBOOK- Look, you both know me...

VIDEO: 5 Things To Do With Your Kids In The Summer

Tue, 06/24/2014 - 16:58

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Your Smart Money Moves with oXYGen Financial 6/24/14

Tue, 06/24/2014 - 10:51

Taped 06/24/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Regular Guys and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at

Five Cheap Things To Do With Your Kids This Summer

Tue, 06/24/2014 - 09:36

If your children aren’t off at camps or their job is only part time, a few weeks into summer they might just be driving you up the wall.   If that’s the case, then you become the full time Julie The Cruise Director at your home.   Here are your smart money moves on five cheap things to do with your kids this summer that won’t put a dent in your wallet. Go For A Bike Ride In Your City- Most cities and suburbs today have carved out some type of greenway or beltline like trail as witnessed in my hometown of Atlanta.   It could be for a walk or a bike, but taking in one of these trails while bringing along a little picnic can really make a fun day. Go See A Matinee- Prices for movies (especially 3-D and IMAX) have soared through the roof for kids.  Don’t wait until the nighttime or the weekends to see a new release movie, but instead go for an afternoon matinee which will...

Miller Lite, Daymond John, and a dip in the Shark Tank

Sun, 06/22/2014 - 08:42

Last Tuesday, we were invited to witness five teams of entrepreneurs pitch their business in an effort to win $20,000 at the Miller Lite Tap the Future live event at Opera Night Club.   We were fortunate enough to be able to interview the esteemed panel of judges including Daymond John from ABC’s “Shark Tank.” If you are thinking about getting in the tank with the sharks or starting your own business, there were five pieces of very important advice that the panel shared with us when it comes to be a successful entrepreneur. Passion- Without passion it doesn’t matter how much money you want to make in your new found venture.  Since there will be plenty of good times and bad times, the burning desire in your belly to stay passionate around your dreams needs to be there to really be successful. Marketing Plan- Most businesses that look to get off the ground simply do not have a plan for new customer acquisition or often the plan is not well...

VIDEO: Universal Studios Times Your Coke Refills

Thu, 06/19/2014 - 15:44

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Universal Studios Times Your Coke Refills?

Thu, 06/19/2014 - 11:46

A few weeks ago I attended a conference held at Disney World. While our accommodations were at the Disney World Contemporary Resort, we decided to venture out to visit Universal Studios which now boasts two separate parks and a humongous City Walk filled with shops and restaurants. My eldest was very clear she wanted to see all that the newly opened Harry Potter portion of the theme park had to offer. When you head out to these types of resorts, there are all kinds of ways to save money. It’s important you do your homework about the best ways to save money on tickets, buying express (or fast) passes, and making sure you are smart about multi-day passes. I’ve always felt that food was one of the grossly overpriced parts of the experience in attending these parks. From the candy stores to the hamburger joints, be prepared to spend forty to fifty dollars a meal unless you have planned ahead. I would recommend on your way to Universal Studios to...

Your Smart Money Moves with oXYGen Financial – 06/17/2014

Tue, 06/17/2014 - 10:30
Taped 06/17/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Regular Guys and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at

Learn The Term ‘Delayed Gratification’

Tue, 06/17/2014 - 10:02
With the average recent graduate in 2014 accumulating almost $30,000 in student debt, now is not the time to spend money on purchases you do not need. The moment a new college graduate starts earning an income, it will generally be more net cash flow coming into their household than they have ever seen before in their lives. Often, this new found cash flow can burn a hole in the pocket of new college graduate. Spending a ton of cash to take a huge car loan on a nice sports car, taking too fancy a vacation, or even buying a new home when you aren’t ready for all the ancillary expenses can pile debt higher and deeper before student loans are paid off. Incurring more debt after your enormous student debt is a very bad idea. Now is the time to take stock of exactly where you are with each and every loan. You should access the National Student Loan Data System and see what amount is on each loan,...