There are banks, NBFCs and online lenders who promote easy and quick loans on flat interest rates. These flat interest rates have been used as a marketing tool by lenders for enticing a customer by quoting low-interest rates and mislead them into taking a high-cost loan. With such interest loans borrowers fall […]
At a recent party, I had a very interesting conversation with an old and good friend (I’ll call him Jeff). It started when Jeff asked me how my work was going. Jeff had no idea that I had quit my job. He also didn’t know about my blog or stealth wealth, but I […]
My cover as a blogger was blown last year when a story about us went viral. I knew something was wrong when the blog went down. When it finally came back up, I had over 30,000 page visits and it was still before noon. On that day, we weren’t so anonymous anymore. […]
I was interested to see a spirited conversation on a blog post regarding retirement. Talk turned to the topic of the right way to invest for retirement. Should it be systematic investing with dollar-cost averaging or timing the market (buy low/sell high)? But here is the other side of the […]
I was interested to see a spirited conversation on a blog post regarding retirement. Talk turned to the topic of the right way to invest for retirement. Should it be systematic investing with dollar-cost averaging or timing the market (buy low/sell high)? But here is the other side of the […]
If you carry expensive credit card debt I don’t need to tell you how burdensome it can be. Unpaid credit card debt is like a dark cloud that follows you everywhere you go. It’s hard to relax and enjoy just about anything with those high cost obligations hanging over your […]
Credit may be always readily available for those searching, and having credit is considered a very good thing these days, but can you have too much of this good thing? As with most things financial, the answer is not a simple yes or no. The primary issue is in the […]
April has been designated as National Financial Literacy Month. (Read the National Financial Literacy Month Presidential Proclamation from President Obama.) Every time people apply for a credit card, take out a loan or sign up for a mortgage, it’s important to understand the risks, obligations and benefits of your financial […]
Credit may be always readily available for those searching, and having credit is considered a very good thing these days, but can you have too much of this good thing? As with most things financial, the answer is not a simple yes or no. The primary issue is in the […]
One question that circulates through the personal finance world on a regular basis has come up once again: If I am a millionaire or a billionaire, do I really need to pay attention to my credit report? The debate rages on — if you can pay in cash for […]
The student debt crisis comes in at an astronomical $1.2 trillion in the United States alone. About 40 million Americans are burdened by at least one outstanding student loan and approximately one in eight Americans have student loan debt. The situation is getting worse, not better. In looking at the […]
