debt

You can’t pay off your debt until you do this first

If you’re trying to pay off debt without making sure that you’ve done all the necessary work first, you’ll never make any progress. Debt looms large in our financial thoughts. For example, in a list of 50 hashtags in the … Read MoreRead More

How to pay off a $10,000 debt

Paying off debt requires drive, focus, patience, and accountability. In this post I show how you can pay off a large debt. In a recent YouTube video, I talked about a hypothetical $10,000 debt. Now, for many people, this sort … Read MoreRead More

How to take advantage of a student loan payment freeze

During the student loan payment and interest freeze, if you are able to make payments now, you’ll have a much greater impact on your loans. A lot of the benefits that were passed to ease the crisis for people dealing … Read MoreRead More

How to find the sweet spot for paying extra on a debt

If you have debt, some of the mandates are clear to you: Pay it off, obviously. Pay down a single debt at a time. Pay either the highest interest rate debt first (which makes sense on paper) or the lowest-sized … Read MoreRead More

Bond camera shot

Why not avoid bonds too?

Last time, I talked about my (thankfully?) fruitless attempt to buy tax liens as an alternative investment vehicle. I was initially attracted by the promise of high returns, but ultimately left feeling like what I was trying to do was—if … Read MoreRead More

Leaning tree

Tax liens, or that time I tried to profit from other people’s debt

Right after college, I started taking an interest in investing. At the time, I worked with someone who was similarly interested. We’ll call him Ivan (not his real name). Ivan was the person who introduced me to Rich Dad Poor Dad. … Read MoreRead More

Netting

My take on Dave Ramsey’s 7 Baby Steps (Part 2, Baby Steps 4-7)

This post is part of a two-part series: My take on Dave Ramsey’s 7 Baby Steps (Part 1, Baby Steps 1-3b) My take on Dave Ramsey’s 7 Baby Steps (Part 2, Baby Steps 4-7) In my last post, I talked … Read MoreRead More

Mud crawling

My take on Dave Ramsey’s 7 Baby Steps (Part 1, Baby Steps 1-3b)

I offer my opinion and review of each of Dave Ramsey’s Baby Steps, starting with Baby Steps 1, 2, 3, and the often-forgotten Baby Step 3b. This post is part of a two-part series: My take on Dave Ramsey’s 7 … Read MoreRead More

Why not debt consolidation?

Paying off debt is hard. Chances are that you have debts in a number of different places (car, student loan, credit card, and even perhaps medical or personal debts as well), all of which have different payment dates, rates, and … Read MoreRead More

Mountain wall

The debt doldrums: how to manage a single large debt

Do you have a really big debt? I do. It’s called my mortgage. Last year, I was able to successfully pay down my mortgage such that my loan-to-value ratio (essentially, the percentage of how much I owed on my home) hit … Read MoreRead More