Posts tagged as:

debt

What is your Freedom Point?

A lot of people dream about the day when they make their last mortgage payment and they finally own their house “Free and Clear”.  Sounds nice, doesn’t it? Unfortunatley, there are two problems with this dream – that can turn into a nightmare if not planned for. Even with no mortgage, you can still lose [...]

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Don’t be like that guy!

WARNING: This a graphic story of the financial destruction of an otherwise financially successful man. Here’s a secret for you – your credit score will go down every time you do something that people did previously just prior to defaulting on their debts.  The credit scoring model is trying to predict the likelihood of you [...]

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Credit Cards’ Ugly History

Credit Card interest can eat your financial lunch, if you let it.  The average interest rate on credit cards over 12%, and there is almost $1 Trillion in outstanding credit card balances. Some quick math yields over $120 Billion spent annually on credit card interest.  Since Interest on Credit Cards are not tax deductible, Americans [...]

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A Real Life Story

I’m not a big fan of emotional stories, but the ‘real life’ videos from LifeHappens.org are worth watching.  My belief is that life insurance is an important piece of a mortgage plan.  In my priority system, after you build a small emergency fund, pay off any non-productive debt such as credit cards and car loans, [...]

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