Tag: saving
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Chapter 25: Minimum Payments
Generosity or Genius? Minimum payments are a great way for your credit card company to make money. The longer it takes you to pay them back, the more they can charge you in interest. For perspective, sometimes a minimum payment only covers the interest charge and will probably scrape very minimal off the principal balance.…
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Chapter 24: Risky Money
With interest rates rising, investing is paying less than actually holding and saving cash. What should one do? Hoard all the cash possible and save it? If you don’t save properly it will just get eaten away by inflation but ironically having access to liquid cash could also be a hedge against it. What would…
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Chapter 22: Renting Vs. Buying
Thinking of buying a home? Renting vs. buying can be a big deal for some people, especially with your home being your biggest expense. The no. 1 argument for buying is building equity and not paying someone else for the right to live somewhere. Although true this equity can be easily wiped out with one…
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Chapter 21: Soaring Interest Rates
What’s Going On? Times are becoming tougher and we are all starting to feel the effects of inflation. Right now with soaring interest rates, it’s making it really difficult to borrow money. We have to think twice before we make a big purchase or end up paying the price. Credit card interest rates are at…
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Chapter 20: Passive Income
Getting paid to do nothing is one of life’s greatest achievements. It’s like getting paid to sleep. Seems too good to be true right? Well it is and it isn’t. Getting to a significant livable passive income is the difficult part, but at least the path there is easy. There are many ways you can…
Money Ain't Sh*t 