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re: What grade do you give your personal finance skills?
Posted on 11/22/13 at 11:26 pm to foshizzle
Posted on 11/22/13 at 11:26 pm to foshizzle
quote:
IMHO that is a good rating then and you understand why. Not many do.
The Dave Ramsey/no debt crowd should get a B- at best. Not bad at all but what gets people into trouble isn't the debt, it's the spending on unproductive assets.
Yea my pops is Ramsey to the core, debt was a curse word to us growing up.
I'm getting better at accepting it, but I still wouldn't say I'm comfortable with it.
2
Posted on 11/23/13 at 12:27 am to FootballNostradamus
I pay cash and no CC debt. 2.6% mortgage or else I would pay it off. B +
Learn something new about finance everyday B-
My Christmas reading list: 4 books on Buffett; Fools Gold about corruption at JP Morgan; Bogle's Common Sense on Mutual Funds; and A Random Walk
Learn something new about finance everyday B-
My Christmas reading list: 4 books on Buffett; Fools Gold about corruption at JP Morgan; Bogle's Common Sense on Mutual Funds; and A Random Walk
Posted on 11/23/13 at 7:27 am to FootballNostradamus
quote:Like anything else it is a matter of fully understanding opportunities and pitfalls.
debt was a curse word to us growing up.
I'm getting better at accepting it, but I still wouldn't say I'm comfortable with it.
What debt options are available?
What is their risk vs benefit, given your personal circumstance?
Debt, coupled with associated tax advantages, can serve as an excellent leverage vehicle. It can serve as an effective inflation hedge. But as your father would likely attest, it can also be a runaway train to insolvency or financial disadvantage.
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