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]
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]
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]
Importance of Financial Literacy Education – Get Some Here with Ramit Sethi’s Book, I Will Teach You To Be Rich
The following is a guest post by Jesse Michelsen of PFFirewall.com. Education is important to me. In fact, I don’t ever plan to stop learning, regardless of the subject matters that come and go in my life. Knowledge really is power and without knowing, how can you go forward and do? That’s why ever since… [Read More]
Avoid Bankruptcy the Smartest Way
The following is a guest post by Shaun Nichols of darngoodblogging.com. In the recent era debt is a common issue. Most often due to reckless spending habits you may be entangled in the cycle of insurmountable debts. If you are overwhelmed with such debts, bankruptcy may seem to you as the last resort. However bankruptcy… [Read More]
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