How Good Debt Can Go Bad

Have you heard someone say, “debt is fine as long as it’s ‘good’ debt?”  The idea of good debt is defined as using debt to purchase something that will appreciate in value.  Some view it as a tool that helps you meet your goals faster and more easily.  Here are four common sources of ‘good’ debt and how these debts can actually turn bad. Home Mortgages Paying cash for a home is very difficult, … [Read more...]

Pay Off Mortgage Sooner, Invest, Or Save? The Math Analysis

I’ve previously written about this topic – should you pay off the mortgage early or invest – but I realize that post was sorely lacking the math.  Today, I want to take a deeper look at the discussion to give a more thorough answer to the question – should you pay off the mortgage or invest? Watch out! I’m about to unleash the geek inside and let him run some math with the calculator. This post … [Read more...]