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Money’s 7 New Rules of Financial Security (Part 2)
I’m reviewing Money Magazine’s 7 New Rules of Financial Security. You can read Part 1 here. Rule No. 4: Borrowing Old thinking: Borrowing sensibly is a good way to build wealth. New rule: Borrow cautiously. You have to worry about the other guy’s debt too. Money Summary: Credit was cheap and plentiful like food at [...]
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Finance 101: Good Debt vs. Bad Debt
I’m amazed by the number of people who seem to be against debt. Debt has become has a problem in America, but I think too many people clump the good with the bad. To the people that don’t like debt, would you take a million dollar loan at 1% interest? I would. I’d immediately put [...]
