Making You a Winner at Money and Life
From the category archives:
When I wrote the post What is “Strategic Default” and Should You Consider It?, I was tough on those who have used this tactic.
First, a definition: Strategic Default, according to Wikipedia, is “the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the payments.”
A brief summary of this post: I recommended “Don’t do it” for the following reasons: [click to continue…]
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Will your child be better off than you are?
A recent article in Money Magazine provided some interesting statistics. A group of people was asked how they felt the economy would impact their lives. From questions about children to retirement and family life, the results were interesting to read.
How many of you have said or heard this before? It’s a noble thought to want those you love to have a more successful life than you lived. But half of those surveyed didn’t feel like their children would have it better than they did. [click to continue…]
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