The crippled United States economy has had a number of “bubbles” burst over the past 15 years. It started with the dot com industry in the late 90s and was followed by housing market bursting in the Mid 2000s. Many experts believe that student loans are next. The warning signs are evident: Going to college […]
We should do nothing, absolutely nothing. Don’t get me wrong, as the day we become debt free is an important point in our lives. Having no debt payments will also drastically increase our cash flow, but we really shouldn’t wait until the day we are debt free to act. Becoming debt free doesn’t happen overnight, […]
A four-year degree really isn’t necessary for success in life, but spending the money and going to college is the right decision for most people. You will do much better, though, if you plan ahead, and make an effort to lower your costs. Some of the essentials, if you want to minimize the amount of […]
It’s a deceptively simple question: do you want to own your home in 15 years or 30? We all know the pros and cons of each term — the shorter mortgage term has higher monthly payments, but you build equity more quickly and pay less over the life of the mortgage, whereas the 30 year […]
Many of us are already familiar with the fact that a good credit history is essential if you want to save money on loans. Indeed, your interest rate on home loans, auto loans and credit cards will be lower if you have a higher credit score. A good FICO score can save you hundreds, even […]
Recovering from bankruptcy can seem insurmountable right after you’ve been through the wringer of filing. Whether you’ve had to deal with unexpected medical bills—the leading reason for filing personal bankruptcy—or you’ve been through a rough divorce or a bout of unemployment, or even just a string of bad financial decisions, going bankrupt can make you […]
