Archive for the ‘debt’ Category

2366
February 18th, 2010 By: Richard


Post image for Is Math The King Of The Financial Jungle?

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.

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1472
January 13th, 2010 By: Richard


Post image for Is There A “Good Reason” To Get Into Debt?

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):

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