Category Archives: Debt

Is an Emergency Fund Important?

Posted on June 18, 2008 by

Let me ask you a question; Are you going to have a major negative financial event at some point in the future? Money Magazine says that 78% of people will have a major negative financial event in any given 10 … Continue reading →

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NBA Finals & Life

Posted on June 12, 2008 by

I love sports!  I am a fanatic.  It is one of my life long dreams that I own a professional sports franchise.  I’m fairly certain that this will not happen but I am keeping my options open. Celtics/Lakers NBA Finals … Continue reading →

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Borrow Money?

Posted on June 10, 2008 by

You know in Dumb and Dumber (one of my favorite movies) when Lloyd and Harry find all that money in the briefcase. Then they start a spending spree but they promise to pay every dime back so they put in … Continue reading →

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School Debt – Guest Blog

Posted on June 4, 2008 by

I do not usually do this (in fact I do not even accept comments normally) but a good friend of mine, Lee, had some great thoughts regarding this post on school debt from last week. Many people automatically assume that … Continue reading →

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School Debt

Posted on May 30, 2008 by

I received a question earlier this week that I wanted to share my thoughts on here: Question: I am currently in college and would like to transfer to a different school that offers the major that I am interested in. … Continue reading →

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No More Car Payments

Posted on April 7, 2008 by

As a philosophy of mine I try to avoid anything that requires a recurring monthly payment. I understand some things are inevitable but I want to stress that a car payment is not one of them.From talking to financial counselors many … Continue reading →

Posted in Debt, Investments | 1 Comment

Acceptable Debt (Cont’d)

Posted on April 2, 2008 by

Let me first say that I appreciate all thoughts that come in and will never use this website as an avenue to start arguments or go back and forth. However, I think this person brings up a good point, and … Continue reading →

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What Kind of Debt is Acceptable?

Posted on April 1, 2008 by

I get this question a lot, and in order to answer let me explain the kinds of debt that I am specifically referring to. Types of Debt Credit Card Student Loan Home Mortgage Car Loan The answer: This answer takes explanation, … Continue reading →

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No More Car Payments

Posted on March 26, 2008 by

If you have a car payment, my advice to you is to get rid of it. As a philosophy of mine I try to avoid anything that requires a recurring monthly payment. I understand some things are inevitable but I … Continue reading →

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Credit Score

Posted on March 18, 2008 by

I posted on the ‘FICO score’ a while ago but I received a question regarding this and wanted share my thoughts. “Which is better on a credit score – a credit card with zero balance, or no credit card at all?” … Continue reading →

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