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 [...]

I'm constantly short on time.  Who isn't, right?  You need to work out but how do you find the time?  Here's a couple ways I've found that work pretty well. Everyone gets 24 hours in a day, no more no less.  Some people take full advantage of the time they have and some don't.  I've [...]

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. [...]

The media tells us we aren't spending enough time with our kids.  However, I'm beginning to wonder if we're not spending too much time and money on our children. The idea of spending too much time (or money) and our children seems ridiculous in this modern age of child first living.  Aren't we supposed to [...]

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 [...]

Question: Why should I read your site? Answer: Because I need readers? Seriously, I can tell you that I am not Warren Buffet. I have no secret investment tips, nor do I know what will happen in the future. I am however, completely debt free at age 31. I have no mortgage, no credit card [...]

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