Comments on: Best Online Personal Finance Advice From Experts http://moneyning.com/advice/best-financial-advice-from-experts/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Fri, 05 Dec 2008 12:32:25 +0000 http://wordpress.org/?v=2.6.3 By: No More WII Roundup (Ask Mr Credit Card’s Blog) http://moneyning.com/advice/best-financial-advice-from-experts/#comment-7686 No More WII Roundup (Ask Mr Credit Card’s Blog) Sun, 13 Jul 2008 20:19:03 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-7686 [...] Carnival of Personal Finance - Best Financial Advice Edition [...] [...] Carnival of Personal Finance - Best Financial Advice Edition [...]

]]> By: MoneyNing http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2593 MoneyNing Sun, 04 Nov 2007 06:48:07 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2593 Carl: Many times, we are sold on products without knowing the consequences. The student loan consolidation is just one of the many things people fall traps to. I wonder if there is law one day that somehow will require the sales people to disclose EVERYTHING (good and bad) that a particular product will entail! Modern Worker: It's a great advice for most people since Americans are used to spending every dollar that's left. Todd: Slow and steady doesn't necessary mean mutual funds. Low cost index funds might work too :) Carl: Many times, we are sold on products without knowing the consequences. The student loan consolidation is just one of the many things people fall traps to. I wonder if there is law one day that somehow will require the sales people to disclose EVERYTHING (good and bad) that a particular product will entail!

Modern Worker: It’s a great advice for most people since Americans are used to spending every dollar that’s left.

Todd: Slow and steady doesn’t necessary mean mutual funds. Low cost index funds might work too :)

]]> By: Todd http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2591 Todd Sun, 04 Nov 2007 05:00:15 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2591 I didnt know about that consolidation hidden rule thingie. I better not die, or my wife is gonna hate me. If slow and steady means mutual funds, I do not concur. Monkeys and their darts have been known to consistently outperform these eggheads. I didnt know about that consolidation hidden rule thingie.
I better not die, or my wife is gonna hate me.
If slow and steady means mutual funds, I do not concur. Monkeys and their darts have been known to consistently outperform these eggheads.

]]> By: Modern Worker http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2546 Modern Worker Wed, 31 Oct 2007 18:17:03 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2546 "pay yourself first" is the single most important piece of financial advice I've received over the years “pay yourself first” is the single most important piece of financial advice I’ve received over the years

]]> By: Carl http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2541 Carl Wed, 31 Oct 2007 15:28:36 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2541 I second that Mark, taking on a second mortgage to pay other debt is incredibly stupid. Yes, the interest is tax deductible, but if you pay credit card debt with the proceeds you have traded a debt that can be discharged in bankruptcy should something happen to your job or whatever, for a debt that will consume your home should the worst happen. Stupid. This reminds me of the student loan consolidation obsession of 5 years ago. The idea was to lock in a low rate student loan by consolidating all the small stafford and direct loans. The catch (never told by the companies sending me junk mail) is the new loan is a debt that is survivable (meaning my wife has to pay for my education if I die), while the government loans are forgivable on death. How stupid do they think I am. I wonder how many lives we doubly ruined by the loss of a loved one AND a crushing, unnecessary debt. I second that Mark, taking on a second mortgage to pay other debt is incredibly stupid. Yes, the interest is tax deductible, but if you pay credit card debt with the proceeds you have traded a debt that can be discharged in bankruptcy should something happen to your job or whatever, for a debt that will consume your home should the worst happen. Stupid.

This reminds me of the student loan consolidation obsession of 5 years ago. The idea was to lock in a low rate student loan by consolidating all the small stafford and direct loans. The catch (never told by the companies sending me junk mail) is the new loan is a debt that is survivable (meaning my wife has to pay for my education if I die), while the government loans are forgivable on death. How stupid do they think I am. I wonder how many lives we doubly ruined by the loss of a loved one AND a crushing, unnecessary debt.

]]> By: MoneyNing http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2537 MoneyNing Wed, 31 Oct 2007 05:25:56 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2537 Calvin: Maybe we should be like Nike... "Just do it!" The Dividend Guy: Hmm, you are right. You've got to hand it to them that they are great sales guys :) Mark: No problem! I guess we should write a book ourselves too!!! Calvin: Maybe we should be like Nike… “Just do it!”

The Dividend Guy: Hmm, you are right. You’ve got to hand it to them that they are great sales guys :)

Mark: No problem! I guess we should write a book ourselves too!!!

]]> By: Mark http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2535 Mark Wed, 31 Oct 2007 04:21:46 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2535 Yeah, what are they talking about? Housing prices have gone up? Only if they were living in San Francisco or NYC and never left the city limits. Take a second mortgage to pay off the debt? How about paying extra on principle instead? Thanks for making me laugh today, MoneyNing Mark Yeah, what are they talking about? Housing prices have gone up? Only if they were living in San Francisco or NYC and never left the city limits. Take a second mortgage to pay off the debt? How about paying extra on principle instead? Thanks for making me laugh today, MoneyNing

Mark

]]> By: The Dividend Guy http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2531 The Dividend Guy Tue, 30 Oct 2007 21:00:37 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2531 That list is nothing more than a sales pitch - if you look closely at each and every one of these there is an associated product that a financial "expert" could sell you. The Dividend Guy That list is nothing more than a sales pitch - if you look closely at each and every one of these there is an associated product that a financial “expert” could sell you.

The Dividend Guy

]]> By: Calvin http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2528 Calvin Tue, 30 Oct 2007 16:01:01 +0000 http://moneyning.com/advice/best-financial-advice-from-experts/#comment-2528 I agree with you. The experts usually aren't really experts. However, many of us know what to do but just don't do it! It sounds stupid but everyone is this way :) I agree with you. The experts usually aren’t really experts. However, many of us know what to do but just don’t do it!

It sounds stupid but everyone is this way :)

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