Nine Reasons to Become Debt Free To enjoy retirement. When will you retire? Will it be 15 to 20 years after your friends retire? Understanding that a lot of choices do come your way and that you have within you the power to improve your financial condition, you will soon
Nine Reasons to Become Debt Free To fulfill dreams. Debt has a way of dashing our hopes, dimming our vision and destroying our dreams. The more debt we incur, the less chance we have of implementing our goals, executing our ambitions and realizing our dreams.
Nine Reasons to Become Debt Free To enjoy life. Debt has a way of diminishing our quality of life. It often takes the enjoyment out of the simple things in life. After piling up debt after debt, we spend half our lives just paying the cost of interest, in addition
To pay for college without adding more debt. Many kids and adults never have the opportunity to go to college, because of heavy debt loads, even though it is a necessity in today’s world. The average American household pays $100 a month in just credit card interest alone. Just think
Nine Reasons to Become Debt Free To have money for repairs. If you own or even rent a home, you will need money for repairs and general upkeep. Some examples of possible repairs are a leaky roof, a squeaky furnace, household appliances such as the washer, dryer and refrigerator, and
Using Cash Paying cash for a purchase is not generally promoted in our society. In many cases, it is outright discouraged. Why pay cash when you can lease the item? Why pay cash when you can enjoy low-interest financing? Why pay cash when you could be building your personal credit
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
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%
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