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One of the most debated topics in personal finance is whether it makes more sense to pay your mortgage off early or invest extra cash. There are advantages and disadvantages to both options, and at the end of the day, there may not be one solution that is best for every situation. No matter [...]
I know sometimes some of my ideas are a little extreme. I realize this could be one of those, but I thought it would be worth asking. Otherwise, I’ll just keep thinking about it. Forever. Literally.I’m a big fan of the Lending Club business model to eliminate the bank, (which reminds me – don’t forget to get your Lending Club $25 Sign Up Bonus if you haven’t already)
Kelley wrote recently with the sort of dilemma I get asked about all of the time: Is it better to invest or to prepay a mortgage? We’ve covered this topic in the distant past, but it’s time to review the debate for current readers. First, let’s look at Kelley’s e-mail: My husband and I are on the right track. At age 25, our only debt lies in our home mortgage. We have the
This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the advisor for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks.I find predictions, and the people who make them, fascinating for a few reasons. First, I — like everyone — would love to get a hint of what’s coming up
We are led to believe that the best place to invest our money is in the stock market. Low barriers to entry, low barriers to exist, plenty of information, high probability of success in the long run and a lot of success stories. We also hear some of the horror stories of people who day [...]Don’t Invest In The Stock Market from personal finance blog Bargaineering.com.
This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the advisor for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks.Your net worth is based not only on how much moolah you have in the bank, but also on your human capital — that is, your ability to earn income. “We can
If you watch the news you have probably heard a lot about dollar depreciation these last few months. As part of the economic stimulus package, the Federal Reserve has had to keep interest rates at historic lows (thereby making the “price” of dollars very cheap) while borrowing enormous quantities of money from foreign and domestic [...]
Do you find that your money philosophy is different than your wife’s (significant other)? Well, I do.Steve recently sent in an email with the following question: I recently got married. My wife and I are working on our future finances. I am aggressive and she is conservative when it comes to investing.Example: Her money is [...]

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