Using Debt Responsibly – Loans
That’s as good as money. Those are IOUs.
That’s as good as money. Those are IOUs.
Admittedly, a boring subject. But bear with me – if you ever move or are thinking about a job in a new location this will come in handy.
You don’t have to like it, but reality is that the dollar only has value because of our trade deficit.
There’s too much at stake to be on autopilot.
One car, two cars, red car, blue car, black car, blue car, old car, new car.
It’s ok if you have a mortgage and a car loan. I promise.
You can’t do without debt. Unless you’re rich you need debt to buy a home and car. And if you’re rich you need debt to invest in!
What if you happen to have a lot of money leftover each month, or find yourself with a large tax refund, or maybe a bonus you weren’t expecting?
The simple fact is that the cost associated with your area’s standard of living incorporates things you have no control over: the value of your home, price of labor, cost of food, cost of utilities, etc.
I go over the process of re-establishing your budget with humble living in mind.