Debt and Loans

What Makes Debt Socially Acceptable?

Credit Cards

A lot of the time, the debate about debt revolves around whether debt is “good” or “bad” — or whether debt is just debt, and can’t be classified in positive or negative terms. What the debate really comes down to, though, is whether or not the debt is socially acceptable.

Why You Shouldn’t Prepay Your Mortgage

Monopoly House

To prepay or not prepay your mortgage?  That is the question. It’s up there with what’s the meaning of life, should I get married, or should I have children. There are a few reasons why you should be paying your mortgage off early.

You’re Still an Idiot Even After College

Cap and Gown

It’s amazing what people think a college education can do.  That getting a college degree will help you in the real world and acquire common sense.  Unfortunately it does nothing of the sort.  Take Kelli Space who graduated with a sociology degree.  It’s not the degree I have an issue with per-se, but it’s the [...]

Financial Literacy and Mortgage Delinquency

sunset

Many economists are still trying to figure out who to blame for the housing bubble, and its subsequent bust. Already, a few have given us some answers. One theory links financial literacy to the risk of defaulting on one’s mortgage. In a working paper from the Federal Reserve Bank of Atlanta, three researchers wanted to [...]

Payday Loans VS. Loan Sharks

paulie_walnuts_6

The Huffington Post recently had an article about Payday lenders leaving Arizona. In their usual left leaning slant the article was cheering about these companies were leaving the state, and how awful they were preying on people to take out loans.