There are a lot of people out there that purchased homes at very elevated prices at the peak and near peak of the real estate bubble and are now walking away from these homes simply because the values have dropped so much. It is one thing to foreclose when, you have lost your job or suffer a severe financial hardship beyond your control, but I think walking away just because the value dropped is a big mistake!
First of all, you may totally destroy your credit score for years and may not be able to buy a... Continue Reading
Submitted ByBob OBrien
There are a lot of people out there that purchased homes at very elevated prices at the peak and near peak of the real estate bubble and are now walking away from these homes simply because the values have dropped so much. It is one thing to foreclose when, you have lost your job or suffer a...
Submitted ByThicken My Wallet
Happy New Year! I hope 2009 brings you all the health and happiness you deserve. As I had a couple of weeks off of basically doing nothing I noticed that, as a society, we have become human doings and not human beings. It seems like that our worth as individuals is now determined by the [...]...
Submitted ByTrent Hamm
Over the last few weeks, I have been reflecting on how many members of my rather close extended family are either near high school graduation or are in college right now. They have so many great opportunities ahead of them in the next few years - and so many chances to botch things, too. [...]...
Submitted ByTrent Hamm
After writing this, I’m pretty sure that this article will stir up some potentially intense comments. I encourage disagreement with my take on this situation - just keep it polite towards me and especially other commenters.
For those of you who haven’t heard the news yet, on February 10, 2009,...
Submitted ByTrent Hamm
This Christmas, I received a 32 GB iPod Touch as a gift - yes, it was the main gift I received this year. Unsurprisingly, after receiving such a cool gadget, I spent much of the last week playing with it - I can now Twitter with it, check my email on it, have a [...]...
Submitted ByBob OBrien
I am serious, this is an incredible exercise! Stock pickers and investors will not buy stocks that do not control their spending, have a lot of debt and fail to plan properly. When I was a Financial Planner, I would often have clients that made a lot of money, but they where a mess with...
Submitted ByBob OBrien
I am serious, this is an incredible exercise! Stock pickers and Investors will not buy stocks that do not control their spending, have a lot of debt and fail to plan properly. When I was a Financial Planner, I would often have clients that made a lot of money, but they where a mess with...
Submitted ByTrent Hamm
This is the thirteenth in a weekly series of articles providing a chapter-by-chapter in-depth “book club” reading of Benjamin Graham’s investing classic The Intelligent Investor. Warren Buffett describes this book: “I read the first edition of this book early in 1950, when I was nineteen...
Submitted ByTrent Hamm
A few weeks ago, I had a conversation with an old friend of mine that I respect quite a lot. He’s one of those people that seems to know how to do everything - he can fix computers (and write code), handle almost any home repair, play the guitar, beat almost everyone I know [...]...
Submitted ByTrent Hamm
I thought it would be fun to start off 2009 by making a handful of predictions as to what the coming year will hold in terms of your money and your lives. We’ll check back at the end of the year to see how I did.
The Dow will not go below 8,000 this year. [...]...
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