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Wasting Your Money In Convenience Stores

October 14th, 2008 · No Comments

Full disclosure: I’m no saint. I go to convenience stores probably once a month on average. Now, I’m aware that I am not getting any deals at the gas station store on my Snickers or my bottled water. However, I’m also aware that I’m not breaking the bank or even affecting our family budget by […]

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Tags: Money

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

Six Figure Salary And Still Broke

July 21st, 2008 · No Comments

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?  […]

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Tags: Banking · Budgeting · Business · Credit Cards · Money

The Truth About Car Payments

May 26th, 2008 · 1 Comment

Here is an interesting question: Would you still be driving the same car today if you had been forced to pay cash for it when you bought it? Or did you merely look at the monthly payments and justify it by telling yourself you could afford it because you could make the payments? Did you […]

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Tags: Cars · 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 […]

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Tags: Credit Cards · Money