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liquid cash

Life insurance and your home loan

Many home owners in Charlotte are conditioned to hate whole life insurance, however, I think it deserves a second look in terms of your home ownership and mortgage strategy. As a rule of thumb, consider a whole life policy equal to your mortgage balance. Here’s why: 1. You mortgage will always be protected. 2. You [...]

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Should you carry debt in today’s economy?

I’ve been saying for years – Mortgage debt along with other savings is far better than no debt with no savings. In other words, build up your savings and form the habit of saving money, then pay off your mortgage.  apparently, the Wall Street Journal thinks so also: By JANE J. KIM And JEFF D. [...]

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Cash Do I Need?">How Much Cash Do I Need?

You often have to choose how to balance your savings between “liquid” cash, paying off bills, saving for retirement or college and paying down the mortgage. If the Great Recession has demonstrated anything, it’s that home equity is a poor choice. You can find out a lot more about this in previous blog posts.  I’ve [...]

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The New Normal, Like it or Not

Your first economic priority needs to be liquid cash. There are two reasons to have  a ready stash: something good happens or something bad happens. Good things that require cash: Your child is accepted to a terrific (but more expensive than planned) school You have an opportunity to invest in a vehicle that will enable [...]

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Home Equity is Just a Number

A recent Wall Street Journal story said, “More than 40% of borrowers who took out a mortgage in 2006 — when home prices peaked — are under water. Prices have dropped so much in some parts of the U.S. that some borrowers who took out loans more than five years ago owe more than their [...]

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