My Business and Financial Freedom Journey
You’ve put in the time at your business or on your job. You’ve amassed a large investment portfolio that should see you through your retirement years. And you even got your will and final arrangements set up on paper. But there’s one more thing to do before retiring…
A strong credit profile isn’t a form of wealth, but it is definitely a tool that will help you get there. Though we mostly think of a strong credit profile as an advantage when it comes to borrowing money – lower interest rates, better terms, etc – it actually goes way beyond credit.
Many financial people – perhaps even most – recommend that you get out of debt as soon as possible, and stay out of it for ever and ever. But is this always the best advice?
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.
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.
It’s amazing what people think a college education can do. That getting a college degree will help you in the real world and help you 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 perse, but it’s the amount of [...]
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 [...]
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 leaving the state and arguing how awful they were preying on people to take out loans.
