Financial Excellence

30 Mar Why I Decided to Become Debt Free

[caption id="attachment_1888" align="alignleft" width="150"]choose your path Choose Your Path[/caption] I was sick and tired of owing someone else. I was tired of making payments to the bank that should have been going into my retirement account. I wanted to be wealthy and in control of my money, and I finally realized that as long as I was sending money to someone else I would never reach my goal. I always knew debt wasn't smart but I had always accepted debt as a way of life. It wasn't until I was in my thirties before I finally realized that only normal people accept debt.
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22 Mar Myths vs. Truths – The Truth About Car Payments

- Exposing the false beliefs of the financial world Myth: Car payments are just a way of life. You'll always have a car payment. Truth: Car payments are NOT a way of life. In fact, they're a really, really bad idea. The truth is car payments are not a fact of life. The average millionaire drives a used, paid for vehicle.? Don't think they bought it new or paid cash for it because they have millions of dollars. They have millions of dollars because they pay cash for cars and avoid payments like the plague. [caption id="attachment_1733" align="alignright" width="150" caption="Why would I finance this?"]Couple looking at car[/caption] Why? I'll say it again. Because car payments are a bad idea. Loans in general are not smart, but they're an especially bad idea on something that drops in value so quickly. A new car loses 50% of its value in the first four years.
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12 Mar Why Not to Buy Gold in Today’s Economy

I am absolutely fed up with all the advertisements on the air telling you now is the time to buy gold. Everyone out there is telling you it's the smart thing to do. "Gold has never been higher!" "Get in while you still can!" "Gold is yielding record returns!" Well that's exactly the problem. Gold is indeed at an all-time high. So why would you buy it? Why would you speculate on an investment that costs you more to purchase than ever before and has never been sold higher than what it is now? It seems to me the fundamentals of investing have always been to buy low and sell high, yet we have tons of people flocking to buy gold at the highest price in history. At least that's what the commercials tell you. Even worse, celebrities are jumping on the bandwagon to sell this faulty concept to you.
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