Category: Debt

Do You Still Clip Coupons? Do You Ever Get Any Of Them Online?

Photo by: ninjapoodlesI grew up clipping every single food coupon from every single paper we could find. We’d ping our neighbors and relatives if we saw something worth clipping that didn’t have a limit on the number of coupons. We often times walk into the grocery store with a coupon for every item. [...]

Should I Hire An Accountant Or Do My Taxes On My Own?

Photo by: herzogbrMy old man used to tell me, “Hank, you want to find yourself a CPA that will walk you RIGHT UP TO the door of jail, but not let you go in.” I think that’s pretty good advice – take what you can, when you can (legally) because the Government is not [...]

Why Is It So Taboo To Talk About Salary And Compensation?

Photo by: takashy
How is it that when we can readily see public sector and professional athletes salaries on the web and not bat an eye at it. I’m sure they discuss these things over caviar all the time and it isn’t that big of a deal; but why does middle class America think [...]

Should I Take Out A Reverse Mortgage On My House?

Should I Take Out A Reverse Mortgage On My House?

My brother mentioned setting my mother up with a reverse mortgage over the holiday break, so I thought I would do some research on what is was and if it was a good idea. I had heard of it before and I have a basic understanding of it, but I figured there had to be [...]

How Do I Plan To Reach My Investing Goals For Retirement?

Photo by: emdot
Only 0 days 5 hours 2 minutes left until Hanks Holiday Handout drawing!
To make my goal of having my net worth be $1,000,000USD by 2020 I need to have a plan laid out. Yes it will change through the years, My wife and I will get raises; we won’t get the [...]

More Bad Decisions I’ve Made Investing

I wrote last month about my bad decisions I’ve made investing, and the more I think about it, the more I have. So let’s pick up where I left off:
7. “Investing in Life Insurance” is officially a bad decision. I’ve basically had a savings account with my Universal Life Policy for the [...]

Should I Use My 401k To Pay Off My Mortgage?

Should I Use My 401k To Pay Off My Mortgage?

I got an email from a reader yesterday that asked:
“Hello Hank, I’ve been with my company for almost 20 years and I have over $1,000,000 in my 401k.  I am 45 years old and I have a house mortgage still of $295,000 for another 13 years paying about $2000 per month.  Would it make sense [...]

My Monthly Expenses Are High; How Can I Cut Down My Monthly Expenses?

My Monthly Expenses Are High; How Can I Cut Down My Monthly Expenses?

So I decided to try out Flexo’s monthly expense template, and it isn’t looking too promising for me this month.  I’m doling out more than I am taking in this month.  Off the top, that sounds like it is bad, but really it isn’t TOO bad.  I figured my cash allowance was high this past [...]

How Can I Earn a Passive Income Online?

How Can I Earn a Passive Income Online?

UPDATE! AGLOCO CALLS IT QUITS!

How long have people asked this question? I suppose since the beginning of money. I certainly have had my fair share falling for scams. Without a big investment you’re kind of limited in your options. I have never had a lot of cash to work for me so I have [...]

How Did I Get INTO Debt/ How Do I Get Out?

How Did I Get INTO Debt/ How Do I Get Out?

Climbing out of debt can be hard, but it is certainly possible. I initially started searching Personal Fianance Blogs a year ago to find a way to climb out of debt myself. RedCouch hosts a blog and isn’t so sure about them, but they’re thriving and helping now! There were not as many as there [...]