I have posted about this subject before but I recently read an article that did a good job of explaining this. A professor got access to a database of people that have been participating in a study for the last 25 years. It started when they were in college and now these people are in their forties. While the original study didn’t cover finances, it
Pay Off Your Mortgage in 5, 10, 15 or 20 Years
The idea of not having a mortgage payment and truly owning my house makes me salivate like a dog standing over a nice medium rare T-bone steak. I’ve been prepaying on my mortgage for a few years to knock some of the interest off and pay my home off early. I’ve taken a very unscientific approach to paying the mortgage off early. I’ve simply added
Mortgage Company Just Dying To Give Us More Money
I guess it’s a sign that it’s getting harder for the banks and mortgage companies to find someone to loan money to. I continue to get more letters from various lenders telling me that I am qualified to either refinance my home mortgage with them or take equity out of my home. The latest is from my actual mortgage company. The top of the page
Teach Your Kids To Be Smart With Money – Encore Post
Here is a post that was previously posted back in March of 2005. If you haven’t reviewed the ELYM archives, you may want to take a peek. ———- As you’ve read through all of these articles, have you found yourself thinking that you should have done a few things different? Could you be better off now if you had made different decisions earlier on? Do
What Is Your Net Worth
I was browsing through personal finance articles and came upon this recent article by Rodney Sessions on net worth (in the Hattiesburg American). Rodney spends the majority of the article asking why we shouldn’t consider other things as part of our net worth. I’m not sure Rodney understands the point of calculating your net worth. He seems to be implying that people’s net worth is
Winning the Money Marathon in 26.2 Steps
Becoming financially fit can be challenging. But consider this: Marathoners get up early on the weekends and run multiple miles, sometimes in the rain, skipping the breakfast buffet and Bloody Marys. Makes reaching financial fitness sound totally doable, doesn’t it? So in honor of the Seattle Marathon today, we offer 26.2 tips that work well both for running and personal finance See the whole article
Money is root of anti-social behavior, study says
A team of psychologists may have discovered why money can’t buy happiness. Pictures of dollar bills, fantasies of wealth and wads of Monopoly money arouse feelings of self-sufficiency that result in selfish and often anti-social behavior, according to a study reported Friday in the journal Science. Read the entire article here
Sweating the Small Stuff
Every now and then I wonder if I’m too much of a tightwad. I’ll confess that there are a few things I do to try to keep our costs down. In no particular order: Religiously turn off the lights (and usually turn on the CFL bulbs instead of regular light bulbs (We have some of each in the house due to preferences) Try to go
I’m Ready to Try Rich People’s Problems
It’s times like this that I wish I was rich. Heck, I don’t even need to be filthy rich. Just average rich would be outstanding. I’ve heard people say that rich people just have a different set of problems. Well, I’m ready to try those out for awhile. If I could just find a way to work my way in to that economic demographic. Lately
Lottery Winners
I watched a show this weekend that highlighted 7 lottery winners. These lottery winners were a bit unusual because they actually still had a little of their money left. Their jackpots ranged from 2.4 million all the way up to 91 million. The show highlighted how many of these people had been extremely down on their luck before they won. One was living in a