Having an emergency fund of 6 to 9 months of basic expenses is a major step on the path to becoming wealthy. Of course saving this money up is difficult to begin with, but once it is there the temptation to DO SOMETHING with it is large; especially in a …
The home mortgage interest deduction is seen as a sacred cow in our tax code. Proponents insist that to get rid of it would substantially reduce home purchases and put downward pressure on prices. Who are the major proponents of this $70 billion a year tax expenditure? Realtors, Builders, and …
While I follow the Dave Ramsey “baby step” plan to get towards financial freedom, Dave consistently quotes 12% as an expected long term rate of return for stock mutual funds. While I agree that an investing strategy focusing on stock mutual funds over the long term is the way to …
http://consumerist.com/2013/10/24/americans-racking-up-debt-faster-than-we-save-for-retirement/ This article re-enforces the importance of our behaviors. Small, incremental changes, when consistently applied over time, make substantial results. Saving 10% instead of 5% , or saving to pay with cash instead of going into debt, choices such as these will determine whether you are able to retire …