Recently I’ve been fighting through a situation in my family that simply screamed to be written about. I’m just a bit player in the drama, and perhaps that’s what makes it so painful to watch. The Phone Call My wife received a phone call from her brother. Yes, that same brother who helped convince me [...]
Anyone who’s spent any time in the car business, or probably sales in general, knows exactly what debt motivation is. Management is always encouraging salespeople to spend every dollar in their bank accounts, buy new cars, and even buy houses. With all those big payments due every month and no savings to fall back on, [...]
I’ll be quick to clarify – that’s the annual deficit, not the national debt. The deficit is the amount that’s added to the debt in any given year – the debt is the total amount owed. Any year that we run a deficit, no matter how small it is, we’re actually adding to the national [...]
The details are a little fuzzy at this point, as they often are with government involvement in financial measures. But the Senate is apparently going to try to push through a bill that will encourage lenders to offer fixed rate 30 year mortgages at a stunning 4%. “If” the bill passes, and “if” lenders actually [...]
If you’ve never seen this interesting little video, you must. It’s almost an hour long, which seems like a really long time at first. Once you start watching it though, you won’t be able to pull yourself away. Before you watch it, ask yourself – where does money come from? Nearly everyone will say “the [...]
I’ve never been a big fan of real estate, though I have written about the topic recently. Over the past few weeks I’ve considered the power of leverage in other areas besides real estate- such as my business. For the past 2 1/2 years I have been running a small business in my spare time. [...]
I’m tired of paying today for what I bought yesterday. What am I talking about? Well in a word, debt. When I make monthly payments on my credit card, both cars, and mortgage, I am essentially paying for things I bought yesterday, last month, last year. Instead of saving what I make today, I am [...]
Lately my financial obligations have been really bothering me. When you add everything up, I pay out a lot of money towards debt each and every month. Mortgage, two car notes, credit cards. These all add up to a huge amount of money. So, in the coming months, I’m going to focus more on eliminating [...]
I am in debt. Quite a bit of it when you add it all up. Fortunately I don’t have any credit card debt that I pay interest on ( like a lot of people do ), but with 2 car loans, a mortgage, and a 0% credit card, it adds up. The problem is that [...]
