How a children’s TV show taught me about compound interest

I discuss a skit from Square One Television involving a doubling allowance to show how our brains can’t grasp how compound interest works. There are some random things that stick in a kid’s brain. I remember a movie called The … Read MoreRead More

Half car

More lying with numbers: What it really means to be half-wrong about interest rates

It is possible to lie with numbers, or at least mislead. We’ve seen this before when talking about how many hours you have available to work in a given week. It’s not the numbers that are doing the lying, of … Read MoreRead More

Ceiling Circles

Financial Cage Match: Paying down a mortgage versus investing

This is another entry in the Financial Cage Match series, where I look at two competing financial priorities and see which one comes out on top. Here’s another entry: Paying off student loans versus investing for retirement. WARNING: This post … Read MoreRead More

Man lying down

Just making sure: Mortgage interest isn’t a reason to hold on to a mortgage

WARNING: This post contains math. “When you have a mortgage, you get a tax deduction for all the mortgage interest you pay. So you shouldn’t pay down your mortgage early, because you’ll lose the tax deduction.” This is one of the … Read MoreRead More

How to figure out which debt to pay off first

  If you’re like most people, you have a few credit cards here and there, maybe a student loan payment, and perhaps a car payment. In addition, maybe you own a house and have a mortgage payment. That’s a lot … Read MoreRead More