Tag Archives: balance sheet repair

FRONTLINE: The Retirement Gamble

Go forth, watch “The Retirement Gamble” by Frontline on the PBS website, then come back and I’ll talk you down off the ledge.  Here are my reactions.  First off: Of course people don’t know how much they need to retire.  … Continue reading

Posted in Current Events | Tagged , , , , , , , , ,

9 Year Mortgage – Some More Mortgage Payoff Thoughts

It turns out the post I made last September titled “9 Year Mortgage – Some Thoughts” has gotten a lot of attention.*  I’d like to write about a larger point that I didn’t make in that post, which really needs … Continue reading

Posted in Credit, Current Events | Tagged , , , , , , , | 2 Comments

9 Year Mortgage – Some Thoughts

So, the other weekend I was bopping along to the radio while cleaning my house.  A commercial came on for something called “9 Year Mortgage.”  My planner antenna went up as I thought, “Sounds a little scammy, but I’ll check … Continue reading

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Survey of Consumer Finances: Net Worth

Tell me I’m not the only one around here who’s totally stoked that the Survey of Consumer Finances came out!  You’re not?  I asked you not to tell me that!* The Survey of Consumer Finances is a “triennial interview survey … Continue reading

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Caught in Catch-22

From CNNMoney.com via Yahoo! Finance, “I Have Jobs, but No One Wants Them” by Kitt Walsh:* Many fail our background checks Owner: Jim Angleton Company: AEGIS FinServe Corp. Location: Miami Annual revenue: $1.9 million Aegis provides U.S. government agencies with … Continue reading

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What Is Balance Sheet Repair?

The latest and greatest fad in personal finance is “balance sheet repair.”  So, what is balance sheet repair, and does your balance sheet need to be repaired? First, what is “balance sheet repair?”  It’s one of those delightful phrases you … Continue reading

Posted in Financial Planning | Tagged , , , ,

Living Mortgage Free – Honestly

What is it about mortgages that attracts such throngs of scammy, bad ideas?  I just had the displeasure of cruising through the underbelly of a website that purports to sell you the secrets of shedding your mortgage.*  The site is … Continue reading

Posted in Banking, Credit | Tagged , , , , ,

But If Everyone Quit Spending On Credit, Our Economy Would Collapse!

Have you ever heard this argument before? If everyone      action phrase     , then      horrible outcome     !  Therefore we shouldn’t advise that people      action phrase     . But if everyone quit spending on credit, our economy would collapse, because no one would buy anything! There … Continue reading

Posted in Credit, Spending | Tagged , ,

Balance Sheet Repair In Action

You may have heard of the term “Balance Sheet Repair” bandied about on the news from time to time, but what does that mean and what does it look like?  The Big Recession* has given us an excellent illustration of … Continue reading

Posted in Credit, Current Events, Financial Planning, Handy Ideas, Spending | Tagged , , ,