Category - Debt

1
Axioms for Graduates
2
Should I Pay Off Debt or Save for Retirement?
3
How to Tackle Debt
4
The Issue of Debt: Part 6, Car Loans
5
Financial Planning Goals for 2016

Axioms for Graduates

As the spring semester comes to end for high school and college graduates, I wanted to perhaps give some unsolicited advice as these newly christened adults start out on their own and begin making life choices and financial decisions that will impact their future.

  1. Resist the temptation to spend everything you make. Instead, do your best to save as much as you can. In fact, it’s possible for a recent college grad to go from making hardly anything during their college years to a decent starting salary. Pay yourself first. Establish an emergency fund of 3 to 6 months of
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Should I Pay Off Debt or Save for Retirement?

Over the last few weeks I’ve gotten quite a few questions from individuals ready to graduate college and start embarking on their first job. As is often the case, many of these individuals have varying amounts of student debt but also understand the importance of saving for retirement. Naturally, a common question is should they pay off student loans or save for retirement. Here’s my take.

As I’ve mentioned in previous posts, there are few ways to receive guaranteed returns. One of those ways is by paying down debt. This is an example of a guaranteed rate of return that …

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How to Tackle Debt

It can easily happen. Whether we’re trying to keep up with the Joneses or investing in our education, sometimes debt can add up quickly. The good news is that debt can be erased. However, sometimes what we know we need to do is different from actually doing it. Here’s a game plan to start chipping away at your outstanding debt. With time and persistence, we can eliminate debt and increase our net worth.

Let’s start with some definitions of debt. Debt is debt, but there is some that is generally better than others. Mortgage debt isn’t considered bad debt (unless …

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The Issue of Debt: Part 6, Car Loans

The Issue of Debt: Part 6, Car Loans After I graduated from college, and before I was to report to Ft. Eustis, for my first bit of Army training, I bought my first car; a beautiful white Ford Mustang. I figured with a guaranteed three year employment, I could swing a three … Continue reading The Issue of Debt: Part 6, Car Loans Read More

Financial Planning Goals for 2016

It’s a new year and for many, that means it’s time to revisit or create new financial goals. Regardless of financial situation, popular key financial focusses for most people are to save more money, spend less money and pay off/eliminate debt. Here are a few steps you can take to get the best results from these goals.

  • Develop A Goal – What are the important things you want your money to go towards? Do you want to buy a new car? Do you want more money to save? By implementing goals, this will help you stick to your budget better
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