Existing Below Your Means

“Live Below Your Means”.

It’s probably the most well-known and obvious piece of personal finance advice.  Spending more than you earn will lead to debt, instability, and your livelihood being dependent on a job.

Then there’s the “personal finance 180” – you slash expenses, downsize your house, get rid of your car and sell a bunch of stuff, leaving you with a lean mean new budget and lifestyle.  … Read More

Pay Down Debt vs. Invest? I’m Split!

Literally!

The general assumption in investing is that the stock market returns around 7% a year on average.  Some years are better, some worse, with some variance due to fees and investment choices.  And so it goes that if you have debts with interest rates anywhere between say 3-6% (typically a mortgage or student loans), you have a difficult choice to make.… Read More