I hope all those Detroit pensioners were saving those bogus 13th checks they were getting each year.
Dad needs a dose of reality: http://www.ft.com/intl/cms/s/0/5e923e3a-51d3-11e3-8c42-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment%2Ffeed%2F%2Fproduct&siteedition=intl#axzz2leKTQSGA
A PhD in experimental music? So much of academia is a scam.....
Ah, the government still wants to prop up the overpriced housing market. Tell me, what will the government do to help those of us that continue to rent, because the cost of home ownership is inflated by measures to protect existing homeowners? When will the government stop subsidizing those who bought more home than they should have with the outdated/misguided mortgage tax credit? Banks are nothing more than conduits for the greed of the average American.
So it went from one unreasonable extreme to another. Like everything else market related, it will correct back towards the equilibrium.
This was the best thing you have published on your site since its inception.
I still haven't met an accountant who wears a "power suit".
This once again goes into "running your household like a business". If you have handled things correctly, the cost of debt is the lowest it has been in a while, be it in the form of low mortgage rates, car payments. 0% credit card transfer offers seem to be making a small return. This is not an excuse to go out and over-leverage again. One should strive to buy the smallest house on a nice block/school district, and have as low of a car payment as possible. It is disappointing that with this opportunity to build a nest egg, that the American savings rate has dipped back down to an abysmal 4.4%.
I have it on pretty good authority that Mr. Ramsey does not practice what he preaches.