Reach out to other people who are affected in a less personal way, both professionals and good friends, ... They can help you sort out your thoughts. Try to avoid irreversible decisions, such as selling your house, quitting your job, or selling off large portions of investments. |
That doesn't factor in mortgage costs, but they wouldn't reduce those returns dramatically either, ... Of course, when prices are falling, leveraging can work in reverse. But that's infrequent with real estate. As long as you can service the debt, I think you're better off with the mortgage. |
That doesn't factor in mortgage costs, but they wouldn't reduce those returns dramatically either. Of course, when prices are falling, leveraging can work in reverse. But that's infrequent with real estate. As long as you can service the debt, I think you're better off with the mortgage. |
The debt-free mentality is largely the product of emotion - how nice it would be to never make a mortgage payment again. Good debt gives you some leverage that helps you increase your net worth. |
The end of the year is always a good time to decide on what you've learned and play that knowledge going forward. |
The most important resolution people can make is one to create and stick to a sound budget. |
This emotional justification allows her to mentally feel better about doing something she knows does not jibe with what she wants long term, |
This emotional justification allows her to mentally feel better about doing something she knows does not jibe with what she wants long term. |
Unless she commits herself to living like a monk, it is not likely she will be able to achieve all of her goals in the next few years. |
You are to be commended for aggressively putting money into your 401(k) accounts, ... Do not stop doing this. |
You are to be commended for aggressively putting money into your 401(k) accounts. Do not stop doing this. |