How to Help Others Financially
Most financial articles are self-help so I thought it might be good idea to discuss how to help others. I suspect most people can’t fix their own finances without some kind of help from someone else. Yes, ultimately it is still up to each individual person to apply financial wisdom, but they need your help…. Read More »
What Are the Best Savings Account Rates? Does it Matter?
Do you wonder what is the best rate of return that you can get on a savings account, does it really matter? Toward the end of this article I will give you some rates I found, but even though it does matter, it doesn’t matter as much as you think, so don’t sweat it too… Read More »
Dave Ramsey’s FPU Class, Insurance Lesson
The Dave Ramsey Financial Peace University multi-week class has an entire lesson on insurance, or risk management. Wisdom with insurance is key to financial planning to protect the things we own or our family from risk, using as few dollars as possible. To underline a few items from this lesson, and a few things I have a little… Read More »
Dave Ramsey Financial Peace University Class is Awesome
Best selling author, nationally syndicated radio financial expert, motivational speaker, and creator of Financial Peace University financial education class Dave Ramsey is an amazing guy with a great institution. Operating under the Lampo group in the Nashville Tennessee area, Dave has grown his company over the last 20 years employing hundreds of people serving millions… Read More »
Dave Ramsey FPU Week 2: Comments about “Relating With Money” & Forgiveness
The 2nd of 13 Dave Ramsey Financial Peace University Classes is Relating With Money. I love this class, because it helps couples understand their differences and work together. This is probably one of the reasons why about 75% of married couples that attend the class report this has helped improve their marriage. Just understanding that we approach money with unique styles, non-judgmentally, is good… Read More »
Dave Ramsey FPU Week 1: How to Accomplish Baby Step # 1
The 1st of 13 Dave Ramsey Financial Peace University Classes is Super Saving. This is an excellent class to start with and begin to set the goal to accomplish Baby Step number one; saving $1,000 in an emergency fund. The emergency fund will provide the safety net, or insurance, when something happens in life like a car… Read More »
Is a car lease a fleece?
Dave Ramsey says that no one should ever lease a car, he calls car leases fleeces, is it true, is this fair, should no one really ever lease a car, and is it always a rip off? Basically a lease is the purchase of the car’s value that you will be using. Dave’s overall recommendations are to minimize… Read More »
Are Complex Investments Worthy of Consideration?
Author, speaker and friend Mary Hunt of Debt Proof Living asked me recently to write an article about Credit Default Swaps, and I thought that was a great idea, and while I was at it, I thought I’d expand the subject to address complex investments in general. The simple answer to this question posed, is yes… Read More »
Refinancing Mortgage Considerations
Should I refinance our mortgage to get a lower interest rate? The old rule of thumb was if you are going to stay in your home for a few years, and interest rates drop more than your current rate by 1%, then it will be worth your while to refinance. Meaning since there are closing… Read More »
Repay debt or fund 401k?
Dave Ramsey in his Financial Peace University class advocates that in order for people to pay off their non-mortgage debt like credit cards, car and student loans, that they should get the Gazelle mentality: temporarily cut back on all expenses, get second jobs, and stop funding their 401k and devote all disposable income to repaying… Read More »