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The Dangers Of Accounts Receivable Loans

January 8th, 2009 · No Comments

Driving home one night I heard a commercial on the radio for a company that offers accounts receivable funding.  It is designed for small businesses who have cash flow issues and want to collect their money instantly.  This intrigued me since I am a small business owner.  The ad went on to say you should […]

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Tags: Money

Why Department Store Credit Cards Are So Profitable

January 6th, 2009 · No Comments

OK, I’ll admit it.   I am amazed at all of the perks the Kohl’s charge card throws at you.  If you spend $600+ per year you are in the MVP Program.  Periodically throughout the year Kohl’s has sales that reward you with $10 coupons for every $50 you spend.  Finally, it seems like every […]

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Tags: Credit Cards · Money

Taking Sallie Mae Out To The Curb

January 5th, 2009 · No Comments

If you are in your twenties or thirties and you have a college degree you likely have some college debt.  If you are like most people, you just accept this debt as part of life and the ten or twenty years that accompany paying off the debt.  Imagine the immediate raise you’d get (that’s what […]

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Tags: Money

Credit Scores Are A Joke

January 1st, 2009 · 6 Comments

With the economy in turmoil I decided to capitalize on plummeting interest rates.  My wife and I refinanced a few days ago and thus we will have our house paid off at age 52 (at the latest, possibly earlier).  Our lender was a traditional brick and mortar bank with very conservative lending requirements.  As a […]

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Tags: Banking · Credit Cards · Money · mortgages

A Paid-Off Mortage In Your Thirties

September 3rd, 2008 · 1 Comment

I was intrigued to learn that my college roommate Chris and another friend Marta both paid off their mortgage in their thirties.  This is quite an accomplishment.  First, they both defied the idiotic, asinine conventional wisdom that you want a mortgage for the tax deduction.  I won’t even respond to that misguided anti-logic.  Second, they […]

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Tags: mortgages