Recently I had lunch with a friend who makes six figures per year. Here in the Midwest that is a fabulous salary. He has a comfortable desk job that is inside a nice, air-conditioned building. He and his wife drive new cars and he has an in-ground swimming pool. He must love life, right? […]
Six Figure Salary And Still Broke
July 21st, 2008 · No Comments
Tags: Banking · Budgeting · Business · Credit Cards · Money
Celebrities Are Not Financial Role Models
June 5th, 2008 · No Comments
Recently the media has been covering the defaulted home loan on Ed McMahon’s Beverly Hills mansion worth approximately $4.8 million. Now, before I comment on Ed’s finances here are some of the most popular highlights of his life: He was Johnny Carson’s announcer for 30 years (1962-92) on The Tonight Show He was host of […]
Tags: Money
Debt Consolidation Is A Terrible Idea
May 30th, 2008 · No Comments
So you’ve gotten yourself into a jam. This credit card was to cover that unexpected car repair. That credit card was to pay for Christmas. Oh and this credit card….well you’ve had a balance on it for eons so it doesn’t count. Now, you see (or hear) a commercial for that magical elixir called debt […]
Tags: Credit Cards · Money
What I Have Learned From Dave Ramsey
May 22nd, 2008 · 4 Comments
There are two kinds of people in this world: those who hate Dave Ramsey and those who love him. The interesting thing is that if you listen to him long enough you’re virtually guaranteed to go from the former group to the latter group. Dave claims there is even a support group on the Internet […]
Tags: Money
Living Without Credit Cards
January 6th, 2008 · No Comments
Recently my wife and I became 100% debt-free except for the mortgage. Not only have we paid all off all our non-mortgage debt, but we’re moving in the direction of closing all credit card accounts. I’m on board with this idea, but my wife is not. I understand this could be a six-month process convincing […]
Tags: Credit Cards · Money