Is all debt bad? Is it possible to live 100% debt free? Are there times when it may be advisable to take out a loan? How can you tell the difference between bad debt and “good” debt? Is there even such a thing? There are some types of debt you should avoid like the plague! Debt is certainly one of …
There are many “fun” benefits that you may reap when you cosign a loan for a friend or family member and put yourself on the hook for their debt. There’s upwards of a 75% chance that you’ll get to pay the loan yourself. You’ll have the pleasure of dealing with bill collectors, liens, garnishments and bank attachments if you don’t …
In today’s episode, “Do NOT Cosign that Loan,” I’m going to tell why it’s NEVER a good idea to cosign a loan for a friend or family member, whether it’s a credit card, car loan, or a mortgage. Cosigning is hazardous to your financial and relational health. There are both money consequences and relationship consequences when someone defaults on a …
The average college student graduates with over $33,000 in student loan debt. Many Americans accept this as being inevitable if they want a college degree. In today’s episode, we’ll discuss ways to get an education with as little debt as possible! Topics include: ESA & 529 Plans, In-State vs. Out-of-State Colleges, Community and Technical Colleges, Scholarship Opportunities, and Jobs …