Home > Author Archives: Kim Parr

Author Archives: Kim Parr

Kim Parr is a private practice optometrist, freelance writer, and personal financial blogger. You can follow her journey to 20/20 financial vision at Eyes on the Dollar.

How Rich Is Too Rich?

can people be too rich?

For the past couple of years, I’ve been blogging about things like ending debt, building wealth, and leaving the work force before being old and gray. To do all those things, you need money. I’m sure most of us think we could never have enough money and the richer we are, the more we would be able to do with our lives, including charity work and educating others. I think that’s true in some ways, but I also think you can have too much money. How rich is too rich? Rich People Expect Different Treatment As m any of you already know, I have worked in Telluride a few days a month for many years. It’s a resort town with a very diverse population. Most of the patients I see there are average working Joes trying to make enough money to live in a town where single family homes under $1 million are few and far between. We do have a handful of very rich patients, and from my experience, uber rich people expect to be treated differently. By uber rich, I don’t mean people who make under $1 million a year and have a net worth of a few ...

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Don’t Be Afraid Of What You Don’t Understand

understanding rental property loans

I’m going to go out on a limb here and say that everyone is good at something. Maybe it’s a skill picked up over time or with experience. Maybe we learned it in school. Maybe our parents taught us. Brain surgeons are good at neurology. Crackheads are good at finding ways to obtain crack. We all have our strengths and often don’t stray outside of the comfort zone. Today, I’ll tell you a story of how our comfort zone almost cost us thousands of dollars, all because we were afraid of what we didn’t understand. Fourplex Drama I won’t say we are skilled real estate investors, but with two properties under our belts, we felt OK with branching into a multi-family property. Everything was going almost too smoothly with the process. Things I thought might be a problem were non-issues including repairs we wanted the seller to make,  our credit card churning history and my change in employment status. What did become a huge issue was something far beyond our control. There were no comps for the type of property we were trying to buy. What Does No Comps Mean? In order to get a mortgage, you have to have ...

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Be Smart About Student Loan Consolidation

using a company to consolidation loans

Student loans can be a necessary evil. In many cases, students have to take loans to establish careers, but loan repayment can be really hard on new graduates. It was a long time ago, but I still remember the anxiety that came with getting our first loan repayment bills. Added to that was the knowledge that our interest rates would be going up soon. We panicked and consolidated as soon as possible. Because we didn’t know any better, our consolidation was through private loan companies. In my case it didn’t matter because my job was not and will probably never be eligible for government student loan forgiveness. However, in Jim’s case, we missed out on $6000 he could have gotten in teacher loan forgiveness. Because we were not smart about student loan consolidation, he consolidated the wrong loans with the wrong company, and we were out of luck. Sharks In The Water It has been over a decade since we finished school, and there are now all kinds of new rules and options for student loan consolidation and forgiveness. With no guarantee of a high paying job after college, it’s very easy to see why new graduates would jump at ...

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Time Saving Gifts For Busy People

  What I would really like for Christmas this year is more time. I thought working part time would cure me of feeling rushed. I do get to do more of what I want, but I still feel like I can never get everything done. Since we all only have a finite amount of time, the best thing to do is make the most of what you have. While I’m not a fan of gifts for the most part, anything that saves time without costing an arm and leg is welcome in my house. Here are some time saving gifts for busy people. Slow Cookers I think we got a crock pot as a wedding gift years ago and it made me feel really old. Aren’t those supposed to be for Grannies? What I’ve learned over the years is that  are like the working Mom’s Cliff’s Notes. You can throw almost any vegetable, meat, bean, or noodle in the crock pot and come home hours later to the smell of a nutritious home cooked meal without really having to cook. It’s hard to go wrong, but for reference just do a search for easy slow cooker recipes with(insert ingredient of ...

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Review: Jus by Julie 3 Day Cleanse

jus by julie shipping and arrival

While it’s sometimes hard to get people to talk about finances or retirement plans, I’ve found it’s usually pretty easy to start a conversation about nutrition and health. Since watching Fat, Sick and Nearly Dead, one thing I’ve added into my quest to stay healthy is juicing. Everyone seems to have tons of questions about that! I actually searched high and low for information about juicing before I decided to do it, and not from people like Gwyneth Paltrow and Lauren Conrad. No offense to those ladies, but I wanted real people opinions about products, how juicing felt, and how it tasted. Today I’m giving you a real people review. Last month I tried a three day juice cleanse from Jus By Julie, and loved it. When I reached out to the company, they were nice enough to give me some samples to review. So here is my honest opinion and review of Jus By Julie. DIY or Buy Pre Made? This is actually my fourth time trying a three day cleanse. The first time, I made all the juices myself and quit after one day. The second time, I paid probably more than I should have to a well ...

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