A very wealthy and successful guy I used to work for once mentioned something about his mortgage to me. I was a little taken aback, and asked why someone with his money would still have a mortgage. His thinking demonstrated that there are several dimensions involved in the decision of when to maintain debt rather [...]
Archive for the ‘Debt Reduction’ Category
I suppose it is bound to happen if you live in a wooden house in a semi-rural area. Our house has become besieged by woodpeckers.
The insistent, get-you-up-out-of-bed nagging of their rapping on the walls reminds me of the inescapable angst of having money worries. The problem is, I know what to do about financial doubts. [...]
The worst thing about bad credit isn’t being turned down for a loan or a new credit card. After all, there are worse things than not being able to borrow. The bigger problem with bad credit is that it can cost you money in a number of ways, and that added cost [...]
Around this time of the year, new college graduates are leaving their schools with a wealth of knowledge. At the end of their four (or six, or eight…) years of college, graduates have typically tackled a wide range of academic subjects, often with an impressive degree of complexity. Unfortunately, one type [...]
I can still remember the days when the term “generation gap” was all the rage. Back in the late 1960s and early 1970s, that term was bandied about to describe the yawning philosophical chasm between Baby Boomers and their parents on topics as diverse as the Vietnam War, the length of one’s hair, and different [...]
People have long spoken of “haves” and “have-nots,” but perhaps never in modern times has the economy seemed so separated between those who seem to be getting ahead and those who are falling behind.
What complicates things is that appearances can be deceptive. The easy availability of debt can make a household believe it is living [...]
While I’m not a fan of all the pharmaceutical advertising on television, I have to admit that they can be brutally frank about disclosing potential side effects. If you take something for chronic indigestion, a variety of things could happen which will make you lose your appetite — which at least would make you less [...]
In writing about household debt, as I often do, I sometimes feel a bit like Tom Wolfe writing the Electric Kool-Aid Acid Test: I’m trying to capture the character of a strange phenomenon while not myself taking part in it.
Throughout my adult life, I have avoided taking on debt as much as possible and have [...]
It may be old age creeping on, but I seem to increasingly find my financial advice advocating moderation — a balance between two more extreme courses of action. The following are several examples:
Personal budgeting. I’ve been known to be an obsessive planner, but I don’t actually have a household budget. I take more of a big-picture [...]
We will be welcoming our first child in less than a week. We started having a lot of conversations about starting a family a couple of years ago and have been preparing for it, including moving from dual incomes to one. It has been a roller coaster ride for us — emotionally, mentally, financially and [...]
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Ethanol Blended Gas = Lower Mileage?
- Reduced Credit Limits? Share Your Experience
- $15,000 Homebuyer Tax Credit
- Buying Furniture off the Back of a Truck
- Will Mac OS X Lion Kill Quicken 2007?
How to save money on insurance
- Why borrowing for a wedding is a bad idea
- How to decide whether to pay off debt now or later
- Money worries and woodpeckers
- Depending on stock returns to fund your retirement? Think again
- The hidden costs of bad credit
- 7 bad things about low interest rates
- 8 questions to ask before lending money to friends
- 6 reasons to overcome a fear of plastic
- "Frugal" is not a dirty word
- 7 financial lessons recent college grads still need