Utilizing a home equity loan or line of credit (HELOC) is surprisingly less popular these days despite record levels of homeowner equity (see chart). Mortgage interest rates are still hovering near all-time low levels after a few rate decreases from the Federal Reserve. The big banks are eager to lend money, but they’ve raised their […]
If you want to get serious about taking control of your financial life so you can build wealth, it’s time to eliminate car payments. Car payments are a persistent nag on the lives of U.S. consumers. But they don’t have to be, and shouldn’t be even with low interest rates. Because they crush your monthly cash […]
One striking revelation from the most recent presidential election process was the sharp contrast between people who think the U.S. is in pretty good shape and those who feel the country never recovered from the last recession. Politics aside, the U.S. is in an epic economic expansion. The longest post-World-War-II economic expansion was from March […]
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 […]
