Jul
30
The Real Reason I Paid Off My Mortgage
July 30, 2008 | 17 Comments
I paid off my mortgage last year. Why did I do it? The time was right for me and it still might be the right time for you to do the same thing. I'll explain why. I've been on a rampage against the mortgage lately. In my last article (more reasons to pay off your [...]
Jul
29
More Reasons to Pay Off Your Mortgage
July 29, 2008 | 5 Comments
What is it about the mortgage that makes so many people rally to its defense? You would think it's a member of the family. I'd really like to change my mind on the mortgage just to be a contrarian. However there is just too much evidence that paying off your mortgage is the best move [...]
Jul
28
I believe that you should pay of your mortgage early. I did it and I still consider it one of the best things I've done. However, there are a number of people claiming that paying off your mortgage is foolish. Let's debunk some more of these myths. The blog 7million7Years has an article about why [...]
Jul
17
Why You Shouldn't Buy a New Car
July 17, 2008 | 5 Comments
With dealer incentive programs and 0% interest deals, car dealers are constantly trying to sell new cars. That's fine, someone needs to buy new cars. However, the wealthy know that you should never buy a new car. Find out why. What Do the Wealthy Know that You Don't The wealthy know that you should never [...]
Jun
25
Should I Pay Off My Mortgage? The Easiest Test Ever
June 25, 2008 | 18 Comments
Should you pay off your mortgage early? It's a difficult question to answer. There are many factors to consider. However, there is one easy way to make the decision. I've created a simple test to answer the question "should I pay off my mortgage early?". Why Is It Such A Hard Question? Vested Interest in [...]
Jun
12
Is Debt Making You Sick?
June 12, 2008 | Leave a Comment
You know debt is bad but did you know debt is also bad for you? According to a recent poll, those who carry a heavy debt load reported more health problems in the previous 12 months. So is debt making you ill? According to a poll by AOL and the AP, those with a lot [...]
Jun
10
6 Ways to Spend Your Stimulus Money
June 10, 2008 | Leave a Comment
By now a majority of Americans have received their stimulus payments from the IRS. If you're wondering what to do with that money, I have some suggestions. Start an Emergency Fund. Everybody needs an emergency fund. Dave Ramsey recommends at least $1,000 until you pay off your debts then you need 3 to 6 months [...]
Jun
7
Nassim Nicholas Taleb got rich on a day when many many people went broke. He predicted the sub-prime fiasco and the crash of 1997. He didn't really predict these events, he just predicted some kind of event, a black swan, could happen. The Times Online has a new interview piece with Taleb. An interesting article. [...]
Apr
23
Why Debt is Risky
April 23, 2008 | 2 Comments
Debt is bad because with debt comes risk. Debt is risky for businesses and people. Debt, if used correctly, can be powerful tool. However, in too many cases, debt is used improperly and the consequences are unhappiness, stress, bankruptcy and divorce. Attitudes About Debt Have Changed I’ve already talked about how our attitudes about debt [...]
Apr
22
Why Is Debt No Longer a Bad Thing?
April 22, 2008 | 1 Comment
I am not a fan of debt. Most of the good financial gurus will tell you to pay off your debt. Debt is a tool to use when there are no other options. Unfortunately, I think the attitude toward debt has changed for the worse. The Debt Industry There is a debt industry in this [...]