Many banks and credit card companies urge their cardholders to buy protection for losses that occur if their cards are lost or stolen and used by someone else for about $25-$100 a year. Many don’t know, however, that federal law limits cardholders’ liability for unauthorized charges to $50 and then only for charges […]

Good Debt vs. Bad Debt
 
 
When it comes to taking on personal or non-business debt, many people, even so-called consultants, will tell you that there is “good debt” and “bad debt.”  Wrong! 
 
Please don’t buy into the “good debt” / “bad debt” discourse.  ALL personal debt is bad!  Now I am not necessarily talking […]

Bad Business Debt – Part II
 
 
If all corporate debt is good, than why is one of the most successful companies ever to grace planet Earth completely debt free?  If debt is so good and provides so much so-called tax relief, why is the company that produced the richest man in the world debt […]

Are You a Borrower or a Lender? Part III
 
 
 
Here are the details for your review:
 
 
Vehicle Loan
 

Cost of Vehicle: 

$30,000

 
 
 
Invest Instead
 

Interest Rate:

12%

 
 
 
 
Your thoughts on this subject?  Your comments appreciated!

Are You a Borrower or a Lender? Part II
 
 
As mentioned in my previous blog, you have two choices.  Here, again, are the two choices:
 
1)    making vehicle loan payments
2)    taking that very same payment and investing it in the equity market yielding average equity returns over the past 40 years. 
 
The real difference is […]