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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10 Things Our Grandparents Did With Money
Apr27

10 Things Our Grandparents Did With Money

Tweet First off, when I reference Grandparents, I am referencing those who were born in the late 1890’s to early 1900’s. In my opinion, that was the smartest generation.   Actually, I even think my great grandparents were even smarter when it came to money, but for the sake of this post the two can be intertwined. When it comes to investing money, many people today look at what the super rich do, people like Donald Trump or Warren...

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Get Rich By Educating Yourself
Apr16

Get Rich By Educating Yourself

Tweet Becoming wealthy is not about the amount of money you make. Stop laughing, it is true, as soon as you stop thinking you are going to gain wealth by making more then the quicker you will gain wealth. You get rich from educating yourself. You must learn how to manage your money, discipline yourself with money, learn how to invest your money. Education is the key to becoming wealthy. Now I can guarantee if you have a loser type...

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The Richest Man In Walnut Groove
Mar10

The Richest Man In Walnut Groove

Tweet Are you in the middle of a money mess? In debt? Maybe feeling all alone?  Are you trying to deal with the situation all by yourself or are you involving your family?  Are you sharing with them your fears? All too often I hear of one spouse keeping the total financial picture hidden from the other spouse.  Many do this out of shame, feeling that they have let their family down.  Others keep their financial situation hidden...

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The Paid Off Home Mortgage
Nov16

The Paid Off Home Mortgage

Tweet The biggest purchase you will buy is a house.  The biggest expense you will have is your house.  Most likely the largest debt you will have is your house.  Most people finance a house for 30 years, some even 40 years.  This financing is what is called your mortgage.  Many don’t care about the length of time the mortgage is for, they just want as low a monthly payment as possible.  Others don’t care because they know...

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Grandma Didn’t Live This Way
Nov12

Grandma Didn’t Live This Way

Tweet When I was growing up and went to visit my Grandma she always had some dough left over from her pie baking.  She would save it for me so I could play with it.  It was just dough, but as a small child I enjoyed playing with it.  I would squish it, stretch it, roll it into a ball, and do any other fun things I could think of.  It was fun, simple and most of all cheap entertainment. My grandma would bake apple pies all the time.  I...

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