How did you save yourself from bankruptcy? Would you deposit your money in a bank where the bank doesn t make any loans, but you would be guaranteed to lose 1% a year, that way a 2008 banking implosion would not affect the bank? Should ...
When you find yourself in a situation where you have maxed out your credit card, it is essential to assess your overall financial situation. This assessment will help you gain a clear understanding of your income, expenses, and debts, allowing you to make informed decisions about how to tackle...
Rollover was my first thought as well, but I think you could make an argument for all 3. Assuming your average reader is relatively responsible, his student/car/mortgage loans should all be below 5% – so the debt is not a huge concern to me. If he beats his meat to Dave Ramsey, th...
But when your home is the collateral for the loan, the risk is double. You not only have the risk that the investments you’re making may go sour, but also that you’ll put your home at risk in a losing venture. Let’s say he invests the full $100,000. But due to leverage, th...