Category: Debt

understanding a mortgage 8

How Much House Can I Afford with a Mortgage?

Understanding a Mortgage and Preparing You for Home-Ownership. So you want to dive into home-ownership? Good for you! After-all isn’t that the American dream? Home-ownership can be rewarding provided you go about it the right way. But even then, there is still risk that it doesn’t work out. Though don’t let that scare you. There is something magical about being...

You have Payment Syndrome 15

Dealing With Payment Syndrome!

Do You Suffer From Payment Syndrome? There is near my house, a store that I hate to see people enter. The people that frequent these stores suffer from what I like to call, “payment syndrome”. They only care about the payment of whatever it is they want to buy. And these stores cater to the payment syndrome sufferers. No, the...

Get out of debt by refinancing 3

Refinancing Your Way Out of Debt?

Guest Post from Fired Up Millennial: Save Money through Refinancing This is a special guest post from Tom over at firedupmillennial.com Tom is a millennial blogger who runs a personal finance site centered around achieving FIRE (financial independence – retire early). You can find him on Twitter @FIREdUpMillenn to follow his journey and stay updated on his newest posts. Tom...

to use credit cards or not? 4

The Ultimate Personal Finance Dilemma: Should I Use Credit Cards?

7 Compelling Reasons To Stop Using Your Credit Cards!! Credit cards seem to be a divisive topic in the realm of personal finance. On one hand you have the Dave Ramsey believers who detest any and all forms of debt including credit cards. And on the other hand, you have seemingly everybody else. But the credit card proponents recognize that...

your net worth matters 1

Is Your Net Worth a True Measure of Wealth?

I measure my financial standing by my income, although I’ve heard that your net worth is a better number. What is your net worth? Do you know how to calculate it? Is it the best way to measure your wealth? Here’s a clue. Your net worth isn’t directly tied to the amount of stuff you have, the size of your...

mortgage payoff 2

I’ve Had Enough! I’m Destroying My Mortgage Debt Now!

My mortgage has been a chain around my neck too long. I’m ready to be rid of it. So I’m trying to pay off my mortgage as quickly as possible. Being debt-free, really debt-free, is something my wife and I have set up as a goal for us. I wanted to go through some of my reasoning, and share my...

student loan debt cycle 4

Student Loan Debt Cycle: Breaking Free from Its Grasp

How can I attend college without being a statistic in the student loan debt cycle? The student loan crisis is at an all time high – $1.4 TRILLION – with a “T”. That is a crazy big number. If you had 1 million people who each had a 1 million dollars, combined they would have one trillion dollars. That’s how much...

debt makes me a slave 9

How My Debt Makes Me a Slave Even in Today’s World!

I’ve Heard My Debt Makes Me a Slave to My Bank/Lender. What’s the first thing that comes to mind when someone mentions slavery? Do you think of a racially charged movie? Maybe you think historically of the injustice of owning a human being just because of their skin color or where they came from? Do you think of rich folks treating...