Moneymonk

The weekend is here!! Enjoy it as much as you can. I will leave you with my favorite quote: “Rich people plan for three generations; Poor people plan for Saturday night” – Gloria Steinman

…what would you do? You just mailed that last whatever payment. Now what are your plans: A. Incur more debtB. Stay on the budget and start to invest the money that went to debtC. Go to Mexico ! hey, after all you deserve it!D. All the above I would have to say D. all apply [...]

We were like mini private-equity firms, using cheap debt as leverage to scoop up our share of the American Dream. If becoming debt-free can seem like a pipe dream, it’s one that most of us share: A recent survey by the financial-services company LendingTree shows that 74% of Americans envision themselves debt-free, excluding mortgages, at [...]

…is that it takes too long. Most people get paid and get what they want first, then pay creditors. We will short a creditor or pay a partial amount just to satisfy our wants. It’s not fun paying on an old cc bill. We like to see our money doing something. Paying bills is not [...]

** Update on Trading I hate it. I just don’t have money to play gamble with. Seems like if you lose money ( and you will lose sometimes) you are forced to keep investing in hopes to make up for your losses. And of course that can pull you deeper in the hole. “There are [...]