Category: Debt

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Debt or Retirement: A Modern Day Sophie’s Choice

Jamie Dimon, CEO of JP Morgan, spoke at a financial conference once and said some interesting things.  One thing that stuck out for me, all this time later, was his comment about American consumer health.  He said we’re doing great in terms of debt.  That’s what he said.  What he...

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Avocados Cost Millennials a Chance at Prosperity

Hey everyone, I’m a Millennial.  Rather shocking I’m sure.  It’s amazing a young fella like me can find time to write a blog in between stuffing myself with avocado toast and mochachinnos and working 24 hours a week.  If you didn’t catch the reference, you’ve probably avoided reading the news...

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Financial Literacy: 5 Reasons You Should Have it

One of the major reasons I started this blog was because my friends asked for it.  Many of them asked for it because they were entering, or finishing, law school and were faced with enormous debt loads and were coming to an age where they were becoming classier consumers.  Trading...

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Avoid Ruining Your Finances With These 6 Tips

Personal finance is an everyday endeavor.  It is present in nearly every decision you make from the time you get up; to the time you go to bed.  Ironically, because finances are so ingrained into our daily living it actually becomes harder to do well by your budget.  Imagine having...

The Benefits of a Good Credit Score 5

The Benefits of a Good Credit Score

Talk to anyone and they’ll tell you a high score is a good credit score.  Press them any further, and they may not have much insight into how else a good credit score benefits you.  Essentially, a credit score is an investment grade for people.  Just as we rate government...

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Credit Scores: How I went from 500 to 720

I’ve been thinking about my credit score recently.  I purchased my car last year and will have it paid off in the next two months by paying additional payments.  My interest rate was 5.6%, so the opportunity cost to pay the scheduled payments over 48 months was very high which...

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Credit Score vs. Rating: Is Your Credit Healthy?

I’ve come down hard on credit before, but it’s actually an incredibly useful tool if used correctly.  With credit, you can make purchases that were otherwise unavailable (like an investment home), it can be an effective tool to manage your monthly cash flow, and when used in finance, you can...

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