I had a question posed to me this week about 401k loans, and whether they were a good idea. The person said they were considering using a 401k loan to pay off some higher interest credit card debt. The rationale behind doing this was that they’d rather pay themselves interest than the credit card company, […]
A Way To Control Spending: The Envelope System
This past summer my wife and I took a class called “Financial Peace University“. The class is built around the teachings and personal finance framework put together by Dave Ramsey. Ramsey has made it his career goal to help people take responsibility for their financial lives, get out of debt, and save for their future. […]
Dave Ramsey’s Financial Peace University™ – Program Review
I would recommend The Financial Peace University™ class put out by Dave Ramsey to just about anyone who is interested in getting their finances under control.
To Debt Snowball or Debt Avalanche, That Is The Question.
I‘ve been reading a lot lately about how one method or the other is best for getting out of debt. There are a ton of programs being touted as “the best”, and I do think some probably work better than others. So what do I think is the best? Which Debt Reduction Method is the […]
Dave Ramsey’s Financial Peace University: Week 13 – The Great Misunderstanding
Last Week – Real Estate And Mortgages Last week was week 12 and we talked about real estate – buying homes and selling homes. Things we touched on: When selling a home, think like a retailer. When buying a home, think like an investor. Never get more than a 15-year fixed mortgage. Don’t tie up more […]
Dave Ramsey’s Financial Peace University: Week 12 – Real Estate and Mortgages
Last Week – Working In Your Strengths Last week was week 11 in Dave Ramsey’s “Financial Peace University“. Week 11 was all about careers and doing what you love for work. Ideas talked about: The average job in America is now 2.1 years in length. The key to power in our careers is to first […]
Dave Ramsey’s Financial Peace University: Week 11 – Working In Your Strengths
Last Week – From Fruition To Tuition Last week was week 10 in Dave Ramsey’s “Financial Peace University“. Week 10 was all about retirement, education and planning for the future. Key points: Independence in retirement is up to you. Don’t depend on Social Insecurity. Fund college education only after you are funding your retirement. If […]
Dave Ramsey’s Financial Peace University: Week 10 – From Fruition To Tuition
Last Week – Of Mice And Mutual Funds Last week was week 9 in Dave Ramsey’s “Financial Peace University“. Week 9 was all about mutual funds and other investment strategies. Some of the key points: The best way to invest is to be OUT OF DEBT first. Don’t put all your eggs in one basket […]
Dave Ramsey’s Financial Peace University: Week 9 – Of Mice And Mutual Funds
Last week – Clause and Effect Last week was week 8 in Dave Ramsey’s “Financial Peace University“. Week 8 was all strategies for negotiating, and using cash to reduce the cost of the items you buy. Don’t be afraid to negotiate. Be willing to walk away. Always use the power of cash. Remember the places […]
Dave Ramsey’s Financial Peace University: Week 8 – That’s Not Good Enough!
Last Week – Clause And Effect Last week was week 7 in Dave Ramsey’s “Financial Peace University“. Week 7 was all about insurance. It talked about what kinds there are, what kinds you should have, and what kinds to avoid. Some key takeaways: Make insurance coverage a priority to avoid a financial disaster. Learn the […]
Dave Ramsey’s Financial Peace University: Week 7 – Clause And Effect: Buying Insurance
Last Week – Buyer Beware Last week was our 6th week in Dave Ramsey’s “Financial Peace University“. Week 6 talked about being an informed consumer, and not falling prey to the tactics retailers use to get you to buy. Some important points: Learn the marketing method companies use to market products and services to you. […]
Dave Ramsey’s Financial Peace University: Week 6 – Buyer Beware
Last week – credit sharks in suits Last week was week 5 in Dave Ramsey’s “Financial Peace University“. The lesson for week 5 was focused on credit sharks, and the tactics they use to make you and your family go hungry. Some of the lessons we learned: If you are unable to pay the minimum […]
Dave Ramsey’s Financial Peace University: Week 5 – Credit Sharks In Suits
Last Week – Dumping Debt Last week was week 4 in Dave Ramsey’s “Financial Peace University“. The lesson for week 4 was another good one, this time focusing on dumping all of your debt using the debt snowball! A few of the important points about how to dump your debt: Quit borrowing more money. Don’t […]
Dave Ramsey’s Financial Peace University: Week 4 – Dumping Debt
In Review – Last Week Last week was our third week in Dave Ramsey’s “Financial Peace University“. The lesson for the week focused on cash flow planning, and was one of the more intense lessons we’ve had as it went deep into putting together a budget, and the reasons for doing so. A few of […]
