What is the quickest way for you to financially lose it all? Spend more than you make and go into credit card debt? Buy too much house, too much car, and then lose your job? Get divorced? No, the fastest way to go broke is…
Category: Debt
Mortgage Before Investments
Pay off the mortgage or invest your savings in the market? If there was ever a ninja vs. pirate debate in the FIRE community it’s this one. My foray into the debate is inspired by another article on the subject posted on a blog called Their…
Even God Agrees: You Should Retire Early
That’s right, I said it: Even God thinks that you should retire early. I know what you’re thinking: “Man, I just wanted to learn about early retirement. Why did you need to bring religion into this? We were getting along so well.” I’m sorry, but…
No More Harvard Debt and Extreme Debt Payoff Strategies
I just finished reading No More Harvard Debt and I’ll admit that it’s close to the perfect blog. Author Joe Mihalic writes with personality, gives extensive details of his finances, and keeps it short by ending the blog once its served its purpose. It’s even…
Book Review: The Richest Man in Babylon by George S. Clason
Why does hard work come to nothing? This is a question that has plagued mankind since people realized that they could not have everything they wanted in the time allotted to them. It is also the topic of conversation between Bansir the chariot builder and…
A Financially Sound Country
According to a study done by Bankrate.com, barely 6 in 10 Americans can afford to write a check for $500 and barely 56% of people have more than $1000 in their checking and savings account combined [1] Another survey found that 1/4 retirees has zero…