50 Year Mortgage Recently, I heard a discussion about changing the law to allow for a 50-year mortgage. I wanted to provide my opinion and facts about taking a loan for that long. 50 years is 600 payments. That’s 240 more payments than your standard …
Read MoreInvesting and Saving
Investing and Saving What is the difference between investing and saving and how do you make money? When you simply save money, it keeps your money safe and available for emergencies and/or short-term necessities. There is basically very low risk but your earnings are also …
Read MoreGod Was Responsible
God Was Responsible One thing I have not talked about in my book is the effect that God had on my recovery from debt. I truly believe that God was responsible for my financial successes and very personal. Whether you’re a believer or not, there …
Read MoreSecured Credit Card
Secured Credit Card Have you ever heard of a secured credit card? If not, I will explain what it is and why you might want to get one. So first, you might want to get one to establish credit. This could be for someone who …
Read MoreMoney Market Account
Money Market Accounts What is a money market account and how does it work? I’ve had one for many years and I have my emergency funds stored in it along with other monies. These types of accounts are interest bearing and are available at banks …
Read MoreFinancial Trouble
Financial Trouble We have some friends who are in serious financial trouble. They have been experiencing a lot of expenses with their home over the last couple of years. They had to put in a new central air unit because their old one bit the …
Read MoreDebt Free
Debt Free How does it feel to be debt free? I can say from personal experience, it feels wonderful. I went through many years to achieve that. It doesn’t happen overnight. You have to set goals. Then figure out the priority of how you’re going …
Read MoreFrugal
Frugal Are you frugal? In order to determine that, you need to know what the word “frugal” means. According to the Oxford Languages dictionary, frugal means “sparing or economical with regard to money or food.” It also is defined as “simple and plain and costing …
Read MorePayday Loans
Payday Loans Have you ever explored payday loans? Are they a good thing or bad? Here is my take. Remember that I’m loan adverse to begin with. And payday loans are probably the worst loan you could get yourself into. It’s a vicious cycle. Let …
Read MoreCredit Repair Companies
Fantasy Football I see ads on tv for credit repair companies all the time. What exactly do credit repair companies do? They obtain copies of all your credit reports from the three-credit reporting bureau, Equifax, Experian and TransUnion. They look for errors on your reports …
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