Search Results for: 1/10th rule for car buying

A Vacation Property Buying Rule To Follow: Lifestyle First, Income Second

So you’re thinking about buying a vacation property. Mortgage rates are going up and the pandemic might be causing cabin fever. Let me introduce a vacation property buying rule to follow so you don’t get in trouble like me. Back in February 2017, during a hot tub party at my vacation property at The Resort

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A Fed Rate Cut Is A Sign We Should All Buckle Down And Be Careful

The Federal Reserve’s decision to cut the federal funds rate on July 31, 2019, the first time in 10 years, signifies several things: 1) The Fed screwed up in December 2018 by hiking rates for the 9th time in three years. Cutting rates just 7.5 months after hiking rates is like getting a divorce within

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Average Interest Rate By Debt Type: Auto, Credit Card, Mortgage

The average interest rate by debt type is important to know to utilize debt more efficiently. This article will look at the average interest rate for auto loans, credit cards, and mortgages. We are an indebted nation thanks to our desire for more and our financial system’s ability to grant us more. When used appropriately,

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The 10X Investment Consumption Rule To Fix Bad Spending Habits

Once your housing expense is under control, the next thing to tame is your consumption habits. The most common waste of money today is buying an automobile. New cars are simply too expensive for the median household income. But because car manufacturers have created ways for consumers to stretch with financing and leasing deals, consumers

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