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 More … Read More
I typically think about money in terms of what it can do for people, but sometimes, I think about money itself, in the abstract. Kind of like this guy: Watch this video on YouTube Okay, actually not at all like … Read More … Read More
It can be hard to visualize how paying a debt off works. There’s an interplay between principal and interest. You pay money to reduce the principal, but during that time, interest on the debt has piled up, reducing the impact … Read More … Read More
If you’re like most people, you’ve got some form of debt. It could be a car loan, it could be credit cards, or it could be “good debt” like student loans. No matter, it’s got to go. You need to get … Read More … Read More
Sometimes I like to get deep into the rabbit role with details. The post I wrote immediately before this detailed the ins and outs of rebalancing your investment portfolio. An important topic to discuss, but it’s hard not to be … Read More … Read More
Paying off debt is hard. It can feel like you’re not even making progress. Sometimes this is actually true. If you make minimum payments on your credit cards, you’re basically never going to pay anything off. And if you’ve got … Read More … Read More
There is a financial cage match article that I can’t write: debt vs. the emergency fund. It’s not hard to see why there isn’t a one-size-fits-all answer to question of what comes first before the other. How much debt you … Read More … Read More
Debt reduction and wealth building are part of the same process, so you are working toward your money goals even if you don’t think you are. I believe retirement is possible for us. But at the same time, I’m on … Read More … Read More
Like approximately everyone, I graduated college with student loans. If there was a way to get my loans “forgiven”, no one told me. At the time, all I knew was that I had to either pay what I owed, pay interest … Read More … Read More
Recently, I made the bold claim that those who have debt aren’t ready to start saving for retirement. I added some relaxing caveats, but I really wanted to put them in an order. Debt first, investing later. I don’t … Read More … Read More
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
