Recent Blog Posts
Is There Such a Thing As Good Debt?
No one likes to be in debt. In fact, there are entire corners of the Internet where people share their journeys toward zero debt with much the same zeal as, in other corners of the Internet, people count their days of sobriety out loud. Imagine, though, that you managed to pay off all of… Read More »
How to Get Through the Summer When Your Credit Card Is Maxed Out
Your credit card balance is already at 90 percent of your credit limit. It is of little consolation to find out that millions of other credit card users are in a similar situation to yours. You still have to worry about how you are going to get through the next three months, when you… Read More »
Yes, You Can Be Personally Liable for an LLC’s Business Debts
Starting a new business is risky, and you do not have much of a financial cushion, but you do have a plan for protecting yourself from financial ruin in the event that your business has to close because it cannot pay its debts. You have discovered a little-known hack in the entrepreneurship system; it… Read More »
You Can Help Create Generational Financial Literacy
Knowledge may be power, but it isn’t money. When you read think pieces about how the millions of Americans who live paycheck to paycheck despite working at least 40 hours per week are struggling financially because they are ignorant, your first instinct is to tell those journalists to tell you to your face that… Read More »
We Are All ALICE
Economists say that the economy is doing fine, but you are flat broke, and so is everyone you know. Finally, there is a name for people in our situation. We are ALICE, which stands for asset-limited, income-constrained, and employed. In other words, we work day and night, but we have little to show for… Read More »
Florida Needs Dutch Style Mortgages
Excitement has always been easy to find in Florida, but financial stability never has. Florida is where you go to build a glamorous mansion and show it off on MTV Cribs, only to have a hurricane reduce your house to rubble by the time the episode airs. It only makes sense that the most… Read More »
Beware of Doom Spending
Yes, the root cause of our financial problems is that everything is too expensive, especially unavoidable purchases like groceries, gasoline, and rent. It is also true that necessities are so expensive that salaried employees are now starting to feel the precariousness of their financial situation and getting a taste of what freelancers and hourly… Read More »
On the Financial Struggles of Parents
Everyone is struggling financially these days, but the parents of minor children feel the strain worst of all. If the key to financial wellbeing is to earn more and spend less, trying to do either of those while you have a minor child living at home is like trying to achieve the same task… Read More »
The Four Elements of Home Mortgage Availability
The bad news is that it is well nigh impossible to qualify for a home mortgage unless you are rich. Families with incomes just above $100,000 can barely pay their monthly bills, much less save any money to put toward a down payment. The slightly more encouraging news is that your home mortgage is… Read More »
New Tax Rules Could Make Homeownership More Affordable
Good news about personal finances is hard to find these days, especially when it comes to homeownership. Conventional wisdom has settled on the thesis that buying a house, if you have never owned one before, is beyond your greatest ambitions; it is the previous generation’s American dream, and in an era where households with… Read More »