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Should You Use Your Home Equity to Invest in the Stock Market?

If you are more than halfway through repaying your home mortgage you likely have a decent amount of equity in the house. With refinancing and borrowing against your mortgage rates well below 5%, doesn’t it make sense to take equity out of your house and put it into the stock market? You could double your … Read more Should You Use Your Home Equity to Invest in the Stock Market?

Should You Pay for Your Kid’s College Living Expenses?

A child born today that goes to college will pay over $200,000 in tuition and fees for the┬áprivilege. While most students will not pay “sticker price” due to scholarships and grants, you are still talking about a ton of cash. To generate $200,000 in 18 years of investment, you would need to save $4,370 every … Read more Should You Pay for Your Kid’s College Living Expenses?

Comparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts

Saving up a significant cash savings or an emergency fund capable of holding 12 months of living expenses is a Herculean effort in of itself. Once you have managed such a feat, the next question becomes what do you do with the money? Having it sit inside a big bank account earning 0.20% interest doesn’t … Read more Comparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts

How to Deal with Debt Collectors and Stop Harassing Calls

Owing a debt that you are behind on can be a humiliating and frustrating experience. When your unpaid bill is well beyond being past due, it is written off and sold to a debt collection agency. The collection agency buys your debt for pennies on the dollar and any money they get you to pay … Read more How to Deal with Debt Collectors and Stop Harassing Calls