There’s a lot to be said for paying off your debt and living debt free. But should you really work hard to pay off all of your debt right now? High Interest Consumer Debt vs. Other Debt Too often, we lump all debt together and call it “bad.” And while there is an argument that there’s no [...]
Last week, the House passed a bill that would require bondholders and Social Security beneficiaries to be paid first in case of a failure to raise the ceiling on the national debt later this summer. While the bill passed, there’s doubt it will get past the Democratic majority in the Senate; the White House has [...]
One of the ways that you can grow wealth over time is to invest. Unfortunately, many Americans don’t understand how to get started. According to a recent survey from NerdWallet Investing, 81% of Americans don’t know that a brokerage account is needed to invest online. (This doesn’t mean that 81% of Americans aren’t investing at [...]
College has become something of a Catch-22 for students. It’s impossible to secure even a mediocre job without a college degree, but the constantly spiraling costs of education make it nearly impossible to pay for that necessary degree. For parents of students, it can be tempting to try to help out — by cosigning a [...]
Most people wouldn’t complain if they suddenly became rich. In fact, millions of people play the lottery every week with just this hope — even though, statistically, their chances of winning are next to nothing. Obviously, very few of the wealthy people we’re jealous of have gotten rich this way. As we know, “get rich [...]
Having a good credit score is important for many things in life. When my wife and I bought a car a few weeks ago, our credit scores helped determine our interest rate. When renting a home, landlords can use your credit score to decide if you’re a viable tenant. When buying a home, it has [...]
