With a presidential election days away, turmoil in the markets, and the government set to spend nearly a trillion of our dollars “fixing” a mess the government created—investors are understandably worried, even afraid.
Recently, one worried reader asked the following:
It’s October 11, 2008. A time of recession, bailouts, economic collapse, and massive government debt. [...]
I’m pleased to hear you are considering home ownership. Owning your own home is a wonderful blessing, but it can be a heavy burden–a curse even–if you borrow money before you’re ready.
I know you are busy, so if you don’t have time to continue reading now, please just scan my very quick, bulleted summary. It’ll [...]
Many financial advisers emphasize the importance of building a large nest egg. While a large nest egg is a great idea, this strategy can make people focus on the future at the expense of the present.
That’s a trade off we’re not willing to make.
Many people view their retirement balances as the solution to their situation–working [...]
You don’t have to wait until you have a mortgage to start paying it down.
At some point in our lives, most of us lack the motivation to save for the future. Even forward-looking individuals like David sometimes lack the drive to set more aside for the future.
Although this behavior costs us dearly, most of us [...]
The blogosphere is rich with quality blogs offering financial advice. Posts warning readers about costly mistakes are particularly popular. Of the thousands of money-related blogs, No Credit Needed is one of the more established and for a good reason.
No Credit Needed is dedicated to helping people enjoy the freedom that comes from being debt free. [...]
Notes
The photo of Dave Ramsey was adapted from the Dave Ramsey website.
This article was featured in the Carnival of Snowflaking hosted by Greener Pastures.
Eating out can be dangerous for your waistline—and your bottom line.
Now I don’t dine out much (sorry about the deceptive title), but many people do. Most people also borrow money to buy a house or condo at some point. And most people, unfortunately, are unaware just how much dining out affects the length of their [...]
Notes:
Amortization - Regular payments over a specified period of time to repay a debt like a mortgage. The payments cover both principal and interest. You can request an amortization schedule from your mortgage lender or calculate your own with an online amortization calculator.
The photo in the comic was taken by Marcin Wichary.
This article was featured [...]
Q: We have one daughter heading to college next fall with another likely to attend in a couple of years. We don’t have any college funds or savings, so how should we go about paying the bills?
A: You should be commended for your desire to help your children start life with a strong education. Although [...]
