Credit

First RANT!

Okay, I am tired of it. Every time I go to someone’s blog or financial website, it is the same old thing. People are trying to pay off their debts and “REBUILD” their credit. Stop the insanity! (Susan Powter…was that her name?…would be proud) People, we are in a serious crisis, and we cannot borrow our way out of it. All of these people using credit cards for all these purchases, just to peruse some stupid “reward” points. Dude…I have a Visa that gives me 1 point for every dollar I spend, and it takes 2000 points to get a reward…Know what 2000 points will get ya? A FIVE DOLLAR GAS CARD…Yay! 5 Bucks. Quit worshiping at the altar of…

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Credit

Pay Off Debt? Or Invest?

I am a relatively young guy, early 30’s. I know that in order to have a good nest egg, I need to invest now. But, I am using all of my extra monies to pay-off my debts. Is this wise? I think so. I think that if I can be out of debt in less than a year, then I will have plenty of time to invest my money in the market, and plan for my future. I notice that there is a popular move afoot, to borrow against zero percent credit cards, and then invest that money in cd’s, savings accounts, or even the stock market. To me, this is ludicrous. I would never, never, never, never borrow to…

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