Debt

Destroy Debt Quicker: An Easy And Painless Way To Be More Free

Do you want to destroy debt quicker? You’re in luck because I have the best way to destroy debt quicker and boost your wealth faster. If you haven’t noticed, we live in a consumerism society where we are bombarded by advertisements that compel us to spend on things we don’t need. Some things are definitely […]

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Pay Down Debt Or Invest? Implement FS DAIR

The decision to pay down debt or invest is a personal one. It depends on a lot of factors such as risk tolerance, your number of income streams, liquidity needs, family expenses, job security, investing acumen, retirement age, inflation forecasts, and bullishness about your future in general. I’ve had hundreds of people ask me whether to

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How Student Loan Forgiveness Can Cost You A Fortune

After publishing my post on actions to take in a rising LIBOR environment, it dawned on me that besides refinancing your adjustable rate mortgage, you should also consider refinancing your student loans as well, if you have any. It feels like a lifetime ago, but I used to have ~$40,000 in business school loans that

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The Best Strategies To Get Out Of Debt And Become Happier In The Process

Let’s look at the best strategies to get out of debt. Once you get out of debt, you will likely become happier because you will feel less financial burden. I graduated from business school in 2006 with roughly $55,000 in student loans. Although $55,000 is a lot to pay off, I was already a “debt

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Measure Your Financial Security By Calculating Your Debt-To-Cash Ratio

The best way to measure your financial security is by calculating your debt-to-cash ratio. Having a lot of debt lowers your financial security. Whereas having a lot of cash increases your financial security. The lower your debt-to-cash ratio, the strong your financial security and vice versa. Using debt to buy a house that is appreciating

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Household Debt Composition Mix Over Time: Student Loans Way Up

The NY Fed, Federal Reserve, Bureau of Economic Analysis, and Morgan Stanley put out a series of fascinating household debt charts we should all be aware of. The charts show the household debt composition mix over time. Excessive debt is what makes extremely rich people go broke. Leverage is what crushed the economy once the

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Ranking Debt Types From Worst To Best

Ranking The Best Passive Income Investments helps you strategize on developing retirement income. Over the years, the rankings have changed because economic situations have changed. In this post, I’ll be ranking debt types from worst to best. When used appropriately, debt can help provide for a better life and make us wealthier. When used inappropriately, however, debt

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Sad Stories About Lending Money And Not Getting Paid Back

Here are some sad stories about lending money and not getting paid back. In general, I am against lending money to people you care about. These include lending money to friends and family. Don’t do it unless it’s a life or death situation. Give the money instead. Lending money to friends, family, and strangers is

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Mortgage Refinance Strategies And Points You Should Understand

Congrats on being a homeowner! Real estate is one of my favorite asset classes. Over the past 20 years I’ve owned seven properties and have done multiple mortgage refinances. There are several mortgage refinance strategies and points I’ve learned along the way that have enabled me to save significantly. I hope my mortgage refinance strategies

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