Saving Money

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Federal Reserve has forced long term interest rates to historic lows in a desperate attempt to “stimulate” both the housing market and the economy in general.  The results have been mixed but the benefits of lower […]

Bank of America Refinance Offer Raises Questions On Wealth Accumulation

Bank of America Refinance Offer Raises Questions On Wealth Accumulation

A client of mine recently received a mortgage refinance offer by mail from Bank of America (BAC).  The offer showed that a savings of $2,225 per year was possible by refinancing to a new 30 year fixed […]

Strategic Defaults – The Difference Between The Rich And “Other People”

Strategic Defaults - The Difference Between The Rich And

Million Dollar Home Owners Falling Off The Cliff “I think you’ll find the only difference between the rich and other people is that the rich have more money” – Mary Colum If the difference between the rich […]

The Fed’s Contribution To Ponzi Schemes

12% Returns – “Guaranteed” You don’t know whether to laugh or cry every time another Ponzi scheme comes to light. July 28 (Bloomberg) — The U.S. Securities and Exchange Commission said it halted a $50 million Ponzi […]

Payday Lenders – Predators or Saviors?

Payday Lenders - Predators or Saviors?

Payday Lenders Serve The Financially Inept One of the fastest growing lending businesses in the country has been “payday lending”.  Without the hassle of a credit check or application, a payday lender will give an employee a […]

Financial Sense Eludes Most Americans

Financial Sense Eludes Most Americans

Financial Quiz – Which Option Is Better? 1.  Spend $2.50 today and receive $92 back over the next four years. 2.  Spend 25 cents 10 times over the next four years plus spend $92, at easy payment […]