Why Not A Low Interest Mortgage
Oct14

Why Not A Low Interest Mortgage

Tweet Recently I saw a tweet on Twitter from @ChimayLad who asked @DaveRamsey – “If your mortgage rate is lower than what you can historically earn in the stock market (6 to 8%), why pay house off early?” Dave’s reply pretty much said it all “Risk. We have done detailed research and 100% of the foreclosures occur on a home with a mortgage. Proverbs 22:7” The question posed was not unusual. I know...

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What Is The Difference Between An Emergency Fund And A Savings Account
Jan27

What Is The Difference Between An Emergency Fund And A Savings Account

Tweet Yesterday I talked about how to save $1000 in one month. That is money for your emergency fund and even though it is recommended that you have at least $1000 in an emergency fund, I think a more realistic number is $2500. Pricing for everything is going up including how much emergencies cost. What is the difference between an emergency fund and a savings account? Well first of all, I do firmly recommend you have two separate...

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Time To Get Out Of Debt
Jan04

Time To Get Out Of Debt

Tweet We could be in for a turbulent year when it comes to the economy. Of course no one knows for sure, but all the indicators are that the economic world is not doing well, contrary to what the media may be telling you. Regardless of what may or may not happen, I think the time is now to start getting out of debt. Pay down your credit cards, start saving money. Live below your means. Check out my new video and please subscribe to my...

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Co-sign a loan…Good Idea or Not?
Nov09

Co-sign a loan…Good Idea or Not?

Tweet So a friend or even a relative has come to you explaining how they found this great car.  They tell you it has low mileage, ice cold air, runs smooth.  It has new tires, and for a three year old car the price is fantastic. They go on and on about the car, how it is just what they were looking for.  They ask if you will come take a look at the car, take it for a test drive so you can give them your honest opinion whether or not...

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Credit Cards That Pay…Really?
Nov08

Credit Cards That Pay…Really?

Tweet Same as cash. Reward points. Air miles. Save 10% if you sign up for the store card, the list goes on. You have heard the sales pitch or gimmicks that try to get you to use a credit card to pay for a purchase. Offers for credit cards are everywhere. From a casual visit to a chain store, television, the mailbox, to places you wouldn’t expect like a NASCAR race. They Pay Me Many of my friends and clients have told me they...

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How To Be Financially Successful
Nov02

How To Be Financially Successful

Tweet You are most likely visiting this blog because you are in a money mess right now or soon will be.  Perhaps your money is under control but your son or daughter is having some money problems. Fear not, you are not alone and all money problems can be corrected, regardless of income. You see, money problems is not at all about how much you make.  Let me repeat that, money problems are not at all about how much you make.  The...

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Keeping Up Appearances Part 2
Oct22

Keeping Up Appearances Part 2

Tweet Have you ever wondered why you were in debt?  Sure the simple answer is because you spend more than you make.  Have you ever considered that you are in debt because you are trying to find your identity.  You are searching for yourself in “stuff”.  You think that if you have lots of stuff the stuff will define who you are.  Except it doesn’t work that way.  Instead of finding your identity, what you are really...

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