Archive for the ‘debt’ Category
Here a financial myth that I’ve believed for far too long:
Myth: If it makes the most math sense it must be the right choice.
Reality: We must work the math system for a period of time so that we can ignore the math.
You cannot ignore the math for your entire life. In fact, the problem with most people is that they try and ignore the math. They spend more than they earn. Borrow beyond their capacity and end up upside down in debt. Math is a reality.
Related Websites -
Festive Link Love Carnivality #20 I've been a bad blogger! I haven't been updated as often as I would like. It's only going to be more spotty for the next week as we're heading off on vacation for a few days. We're keeping it relatively since we just bought a car. We'll be driving...... -
Should You Pay for Your Child's College Education? Paying for college for yourself or for a child can drop you into debt faster than many other things. Aside from huge disasters like medical emergencies or a home fire, more people get into higher debt by paying for college than any other reason. The best advice for long term......
Do you want something badly enough to borrow money?
When it comes to debt, it’s a hard concept for me to endorse. I find it very hard to think that there are things I want badly enough that I would take on a debt to buy.
But the general public obviously doesn’t share my concern.
I have a serious case of debt allergies. However, if I’m creative enough (honest enough?) I’m sure there are some things that would cause me to take on debt. So I started trying to think of reasons I might consider taking a debt. Here’s the list of questions that I came up with (the answer to many is still “no” for me):
Related Websites -
Money Question: What Would you do with a Windfall? Part 2 Earlier today, I published part 1 of What Would You Do With a Windfall. If you missed that it might be worth catching up. What did I ask the bloggers? Simply this: Where is the single best place to invest a $50K after-tax windfall now? Assume the following: you don't...... -
How to avoid investment fraud The words "Dave Ramsey" usually invokes some pretty strong emotions when discussing financial principles. Let me say up front that I am a certified Dave Ramsey counselor, and I am debt free (except for our mortgage). We follow Dave's Baby Steps and are very comfortable with what he teaches. Not......




