A couple mortgage refinances ago, I almost screwed myself because I had an $8 judgment against me from my local utility company that crushed my credit score by ~100 points. I thought I had an excellent credit score of 780, and I did, when I first started my 100 day refinance hell. But when my refinance bank […]
Does A Good Credit Score Really Matter Anymore? Read More »
The Financial Samurai podcast episode 2: is paying down debt considered savings? A reader asked on my post, The Average Savings Rates By Income, whether I consider paying down debt part of my personal savings rate calculation. My immediate thought was yes, but I realized I haven’t been including debt pay down at all when I
The Financial Samurai Podcast Episode 2: Is Paying Down Debt Considered Savings? Read More »
From Debtor To Millionaire is a guest post from J.D. Roth, who founded the blog Get Rich Slowly in 2006 and is the author of Your Money: The Missing Manual. I first met JD in 2010 for lunch up in Portland when I was still working. By that time, J.D. was already a mini-celebrity in
From Debtor To Millionaire: How A Windfall Changed My Life Read More »
I am an opponent of consumer debt because the interest rates that credit cards charge are usurious when compared to the government bond yield of ~2.8%. If you are going to use a credit card, please pay it off in full every month or you’re just lighting your money on fire. This ain’t Vegas where
The Reality Of How People Get Into Debt – It Just Creeps Up! Read More »
Are you wondering how to pay off a lot of credit card debt in one month? Let me show you how. It’s really quite simple. Several years ago, I put around $35,000 on my one and only credit card thanks to a home remodeling project and a new watch purchase. My “reward” was a 1%
How To Pay Off $35,000 In Credit Card Debt In One Month Read More »
The best rewards credit card was the Citi ThankYou card. Let’s review the best rewards credit card a little further in this post. The main reason I opened a relationship with Citibank in 2001 was because they are an international bank with good customer service. I use to travel overseas twice a year for my
The Best Rewards Credit Card Is The Citi ThankYou® Card Read More »
On the way home from dropping my friend off at the airport, I took a 10 minute detour to Lucky Chances Casino. Lucky Chances Casino is located in the foggy city of Colma in South San Francisco. If you love to play poker, blackjack, and paigow, this place is for you. I go about once
Gambling Your Way To Prosperity At Lucky Chances Casino Read More »
If you want to know what’s wrong with people’s personal finances, just observe those who are willing to borrow money in order to borrow more money! One example is using a credit card you can’t pay off in full each month, for a downpayment on a car. Since the limit for credit card use
The Irresponsibility Of Borrowing Money To Borrow More Money Read More »
Corporate greed by PG&E killed my friend’s family. It is a sad sad story. Pacific Gas & Electric (PG&E), your San Bruno gas pipeline blast killed my friend’s wife of over 20 years and his daughter in 2010. Thousands of people depend on you for energy to heat their homes and cook their food. How
Corporate Greed By PG&E Killed My Friend’s Family And My Credit Score Read More »
Eventually, you will come across a greedy banker or thoughtful banker when doing any type of business. Let’s discuss a banker’s sentiment, because often, the people in finance are unfairly stereotyped as bad people. My friend is leaving his job of the past five years to work on his own start-up. When he got an
Greedy Banker or Thoughtful Banker? Read More »
