Good Debt, Bad Debt... On Occassion...

Fixer Upper

Yesterday I revealed that in many cases any debt is bad debt.

The most common example is buying something disposable. Would you pay $30 for a $5 burger? Most people say no, but many people do this very thing! They buy the food with a high interest credit card and [...]

Good Debt, Bad Debt... All Debt Sucks

Many personal finance pundits will discuss the difference between good debt and bad debt.

Good Debt

Generally speaking, good debt is debt that you incur on an appreciating asset or investment that will pay greater dividends in the future. Common examples include:

Real Estate
Student Loans
Business Loans

The idea is that if you borrow [...]

Finance & Marriage - To Share Or Not To Share?

Each couple must find a method and approach that suits them. If your friends are happy with split finances don’t try to convince them otherwise, it is their choice. If however you are in a position to consider which path is right for you, I would argue the most efficient and sustainable approach is a commingling of funds for several reasons. But first let’s look at the potential pitfalls of the alternative.

Economists - Capitalists or Socialists?

In many cases the people that lead our Nation are not business minded. Most have never managed a convenience store let alone a major corporation. When it comes to managing the country’s wealth and financial future our leaders often turn to the “experts”, to economists.

The Book That Changed My World

What single book did more to change your financial life?

Personally, it was the Hitchhikers Guide to the Universe. Sorry for getting a little off topic but for me this book was the one that inspired me to read more. Without it I would not have benefited from the hundreds I have [...]