Please Don’t Let Your Bank Make Your Financial Decisions

Did you know that the bank controls more of our decisions than we’d ever care to admit? The typical procedure in buying a home: “Hey, honey, you wanna buy a new house?”  “Sure, baby.” I hope there is a little more discussion than this, but eventually husband and wife decide to buy a home. Now it’s time to decide how much house can we afford. “Hey, honey, you wanna go to the bank and … [Read more...]

Debt and the Opportunity Costs of Not Paying it Off

When you make a decision to get into debt, you're also making a decision not to do many other things. Here are the three biggest opportunity costs of not paying it off. Opportunity Cost #1 - Your Future Retirement This cost will affect the day-to-day existence of possibly a third of your whole life. Some people may think that since retirement is so far away, they don't have to be concerned about … [Read more...]

Should I Pay Off My Mortgage or Invest?

Beware, financial geeks. You’re not going to like my answer to the question, "Should I pay off my mortgage or invest?"  Not to worry, I've since gone back and added the math analysis regarding paying off your mortgage I’m making a few assumptions as I begin this post. Pay Off Mortgage or Invest?  Starting Assumptions If you’re asking this question, you’re in great financial shape. All … [Read more...]