Archive | Debt

refinance

Should I Refinance My Mortgage?

I’ve owned real estate for almost ten years. Over that period I’ve refinanced my rental property twice and our primary residence once so far (I found the lowest rate at LendingTree. Saved me a ton of money). I’ve been thinking, should I refinance my mortgage again? Refinancing is a hassle. But it has saved me tens of […]

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outhouse

Cash Flow Suffering? Change Sh** Up!

Cash flow is the all-powerful financial tool. With it, you build wealth. Without it, you tread water. Maybe you consider yourself better than average with money. You take pride in elaborate spreadsheets you created while pretending to do work at your 9-5. At times, you’ve skipped meals for the sole purpose of saving money. You […]

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Stilts

Is It Smart To Use A Home Equity Loan To Invest?

Interest rates are rising from all-time low levels, but money is still cheap. The big banks are eager to lend money, but they’ve raised their lending standards since the banking crisis of 2007-2009. They prefer debt to be collateralized, making a home equity loan or HELOC an ideal product for consumers. The rates are hard […]

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Brand New Car 500

Still Driving Our Brand New Car After 11 Years

Long before I had my driver’s license, my Dad instilled an important financial concept into my head that I still abide by today. A car is nothing more than a tool to get from point A to point B. A car isn’t meant for prestige or to help score babes, although they’re often marketed that way. Cars […]

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Debt-Free Retirement

Reject The Assertion You’ll Work Longer Than Your Parents

College graduation season will be here in no time. Graduates and their families will celebrate at an uplifting commencement ceremony, complete with speeches by inspirational alumni, business leaders and political figures, followed by a triumphant dinner at Applebees. Business Insider and other Twitter feeds will surely remind us that Steve Jobs gave a cool commencement […]

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Broken Man

6 Reasons Why Debt Is The Least Of Your Financial Problems

The internet is full of debt pay-down stories and “How To” guides on getting out of debt. Debt is often characterized as the enemy or a ball and chain, but it’s not so bad compared to some broader and more significant financial variables. When looking at the big picture of a personal financial situation, issues larger than […]

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Rent Increase

New Rental Property on the Horizon?

About a month ago, we had a really lousy week in the RBD household. In an effort to save some money, Mrs. RBD made a vegetable stock out of veggie scraps she had been saving. After eight hours in the slow cooker, she strained out the globs of celery, carrots, onions and potatoes to produce […]

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will_ferrell

Retirement Strategy Revisited

Back in September 2013 when I started this blog, I wrote a short post about retirement strategy. It was my third post, and it listed out my basic retirement strategy while serving as an outline for what I’d write about on the blog. This post is an updated version digging deeper into my strategy. A […]

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A Brief History of My Debt

As a general rule, I am against using debt to buy things. Long ago my Dad explained that it is best to pay off credit cards every month. He told me this before I even understood what carrying a balance meant.  The one exception I hold for debt usage in personal finance is real estate. […]

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