Site Archives debt

Dealing with alternative courses of action in your financial plans

Dealing with alternative courses of action in your financial plans For those who asked, Diane is still here with us; she just took a small detour along the Road of Life to reconnect with those important to her … under such a situation, personal finances can wait a tad 🙂 But, Diane is weighing up […]

Good Debt?

Good Debt? Photo credit: revdancatt Sounds like Mark has embraced the concept of ‘good debt’ pretty quickly; I wonder where he intends to live when he converts his current home to a rental? I am also wondering why he is planning to ‘flip’ it in 2 -3 years for another? ________________________ I must admit, I […]

I owe, I owe, So It's Off to Work I Go….

I owe, I owe, So It’s Off to Work I Go…. Another great post title 🙂 It appears that all things Jeff-related are on a sky-high trajectory; but, when it comes to debt and liabilities is that a good thing: when is ‘good debt’ too much debt? I’m keen to hear your thoughts – as, […]

Liability Shortage

Liability Shortage I said to the 7MITs that this would be a short post – and, Josh hasn’t failed us 🙂 – as I want to wrap up ‘current finances’ as quickly as possible and start working on bridging the gap between the NOW (i.e. your current Net Worth) and your future (i.e. your Number) […]

Debtor's Prison

Debtor’s Prison I added the picture, but – given the title of this post – I could not resist 🙂 I think that Diane is running the home as a rental, so I’m hoping that the rents will at least cover the costs (now … or, soon), and that the student loans still have time […]

The True Liability – Not Reaching Your Number!

The True Liability – Not Reaching Your Number! 27 1/2 years left on a fixed rate 2.85% (student) loan … sweeeeet [AJC: queue Homer Simpson drooling] … It seems that Scott is the poster-child for ‘big debt boy made good’ … what do you think? __________________ In this next exercise, our main topic is to […]

Cash Flow Leak?

I think I’ve left the best to last (no offense to the other MITs) … Diane says that she is in a ‘rent free’ situation … but, there’s no such thing as a ‘free lunch’ from purely financial perspective … and, even though this post is primarily about housing I am also interested in exploring […]