January 10, 2018

Do Extra Mortgage Payments Really Help?

When it comes to paying your mortgage everyone knows you can save money on the interest by shelling out a little more and applying it to the principal. That means additional principal payments benefit you later on, right? You may also view one dollar today as the same dollar tomorrow. However, that’s not technically true. It depends on how much and why you spend it. If that seems a little confusing, let me break it down a bit more for you.  That way you’ll know how much you really are or are not saving.
October 27, 2017
debt

Mortgage Debt: Pay It Off or Invest? Which Should I Do?

The thought of being debt free sounds like a dream come true for most of us. Many folks are wrapped up in credit card debt, car payments, mortgage payments, etc. However, there’s one debt freeing yourself from could do more harm than good, from a mathematical standpoint. That is your mortgage debt. Honestly, it’s often not a good idea to pay it off or even pay extra on it before age 50.
October 9, 2017
credit card myths

Credit Card Myths: What is the Truth?

If you are like most Americans, you probably have three to four credit cards you can pull out of your wallet at any time. Credit has become a way of life. The convenience is like no other, and with the ever-increasing threat of identity theft, the fraud protection they offer is typically unbeatable. The reward programs aren’t too shabby either.
September 29, 2017
erasing mortgage debt

Is it Wise to ALWAYS Pay off Debt?

The thought of being debt free sounds like a dream come true for most of us. Many folks are wrapped up in credit card debt, car payments, mortgage payments, etc. However, is paying off debt really the wisest choice? At least from a mathematical standpoint?  
September 5, 2017

What is Your Net Worth?

If I asked you what your net worth is, would you know? Many would not. According to a study by the National Longitudinal Survey, 70% of Americans believe they are worth more than they actually are. Only 20% are worth more than they think. The number is a little scary and shows many are not exactly sure how to calculate their actual net worth.
August 24, 2017
when should you start investing

When Should You Start Investing?

One of my biggest pet peeves as a financial planner is debt. Debt is something I deal with on a consistent basis when it comes to my clients. The question that I get the most concerning debt many times is this: Should I pay off my debt before I start investing?