Debt

My Mortgage is Paid Off – Now What?

By FT / September 14, 2015 /

Conventional wisdom to building wealth is to get a mortgage, buy a house, save some money, and retire in your 60’s with your colleagues.  However, not all of us are willing to follow the norm. Some of us, like many readers of this blog, want to buck the trend and achieve financial independence a little earlier.…

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The Basics of Credit Reports

By Clark / May 20, 2010 /

This is a column by regular contributor Clark. What is a credit report and credit score? A credit report is the record of a consumer or organization’s borrowing and repaying history including applications to open an account (bank, credit card, mortgage, etc.), late payments and bankruptcy. It contains details about the institutions that have inquired…

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Is It Smart To Co-Sign for Your Child?

By Guest Blogger / March 4, 2010 /

I imagine, from a parent’s perspective, the prospect of co-signing for a son/daughter’s credit card stirs up a number of emotions and thoughts. There could be number of reasons why a young adult might want/need a credit card, from paying their tuition, to purchasing a big ticket item like a second hand car or perhaps…

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The Dreadful Bill Collector – How to Handle Them

By Guest Blogger / October 29, 2009 /

Nobody wants pick up the phone and hear a bill collector on the other side, but it happens. We overextend ourselves, buy things we can not afford, fall ill, lose jobs or some other emergencies arises and we start missing payments which eventually reaches a collection agency. Dealing with collection agencies is not always the…

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How to Pay off Debt: Lowest Balance or Highest Interest First?

By Kathryn / July 28, 2009 /

When it comes to debt, which is better – paying off the highest interest debts first or the ones with the lowest balance? My answer on how to pay off debt may surprise you. When I meet with someone as a financial coach, one of the first assignments I give is a debt list. This…

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