Sharing insights since 2007 on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom!
…I’m in the position to pay the house we want in full using the cash reserves my wife and I saved up. Do you think I should get a mortgage anyway and put money to work by investing or do you think it’s better to skip the whole mortgage process? Do you think you can relay the question to your readers to get their take?
Adam sent me an email with this question the other day. Through some unusually fortunate events, his family has the luxury of deciding whether they even want a mortgage. He needs our help, and here’s what I think.
The new federal budget for 2011 is now released, and with the proposed deficit of $1.267 trillion dollars, seeing the actual breakdown was actually pretty eye opening. [ continue reading… ]
Today’s is my birthday, and there are no gifts allowed.
I used to love January, because that’s when many people ask me about gift ideas. But this is changing. Starting this year, thank you so much for the offer but no more gifts. If you insist, let’s go out and celebrate together.
You know that investing is necessary if you want to efficiently grow your wealth, but the recent stock market volatility caused you to be wary of investing. However, it is folly to avoid investing altogether, and even though you might be concerned about it. Look. There is no way to completely protect yourself from the risk of loss, but there are things you can do to reduce losses. Here are five investment mistakes to avoid: [ continue reading… ]
At the heart of our financial issues are the numbers. Whether it’s investing or savings or retirement accounts, there are usually mathematical formulas that we should understand. I consider myself a logical person, and many of these principles come natural to me. However, I’m finally starting to see the psychological benefits of going against logic.
It might make sense to borrow as much money as possible on your mortgage and invest in long term appreciating assets, but it’s not for me. It may make sense at some level, but I bet I will keep more of my money by not following this advice, and I know I will be happier in the process too.
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