Savings & Investment
You’ve Lost Your Job! Now What?
So you have lost your job and you life has suddenly changed. You may be in a state of shock and disbelief, confused or just plain scared of what the future will hold. Despite your feelings, you need to move on as quickly as possible and deal with the hand you’ve been dealt.
Weekly Round Up: June 21, 2008
Here are some of my gavorite blog articles from the past week.
Get Rich Slowly was recently named the most inspiring money blog by Money magazine. J.D. published his twelve key beliefs that form the core of the Get Rich Slowly philosophy in The New Reader’s Guide to Get Rich Slowly.
The Simple Dollar presetned some thoughts on [...]
Emergency Funds: Cash vs. Credit
I’ve always viewed the emergency fund as a self funded insurance policy designed to protect me and my family from unexpected expenses or to cover me for a period of time should my employment be interrupted. The only real differences between risk based policies sold by insurance companies and a self funded policy is that with self funded policies your premiums stop once your policy is fully funded, your premiums are not jacked sky high if you make a claim, and your funds are accessible at any time for any reason. Like any insurance policy you expect to access the funds when an event triggers the policy to pay out and with a self funded policy you must ensure that you can get access to your funds in a reasonable period of time.
My Thoughts On Real Estate Investing…
Your financial objectives should drive your decision. As a general guideline you need to determine your long term financial goals first and then structure your investments to help you achieve your goals. If you are thinking about whether you should keep your current home and rent it out and then buy another in my opinion is putting the cart before the horse. Determine your goals first and then see if the rental property is worth while.
Mortgage Update #2
I called my bank to increase my weekly payments by 5.3% and the change was made immediately. The person on the other end of the phone told me that few people ever call to increase their payments. Most call to decrease them.
