I’m a little ashamed to admit it, but I’ve committed one of the cardinal sins of personal finance: I leased a new car; not just once, but twice! The first time I really didn’t have a clue as to what I was doing, but you think I would have learned my lesson the second time… [Read More]
How to Win Big Deals
The following is a guest post by Tim of Every Peso Counts. One of the first things I learned when I played Cashflow 101 is how to win big deals. Cashflow 101 is a game invented by Robert Kiyosaki, and it simulates some real life situations that you are likely to encounter. You are bound… [Read More]
Becoming a Renaissance Man: Early Retirement Extreme
Do you dread going into work in the mornings? Do you wish that you didn’t have to spend the best hours of your day in a cubicle, doing work that doesn’t interest you? I recently had the pleasure of reading “Early Retirement Extreme“, a philosophical and practical guide to financial independence written by Jacob Lund… [Read More]
How to Profit in Gold
How to Profit in Gold When we invest our savings, we usually limit our choice of assets to mutual funds, bonds, and certificates of deposit. Investing your money in these assets has traditionally been seen as the best and most straightforward way of accumulating wealth for the future… at least, that’s what we used to… [Read More]
Don’t Get Suckered by the Banks: How Much Can You *Really* Afford to Spend on a New Home?
When you go to the bank to look at getting a mortgage pre-approval, they will often quote you a ridiculous figure as the maximum amount you can borrow. This number is usually based on a simple metric, such as “debt payments should be no more than 40% of income”. Such simple metrics can lead to… [Read More]
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