Written By Paula Pant
There are Conformists, and there are Rebels.
The Conformist Majority says: “I have a 30-year mortgage, a 20-year second mortgage, a 10-year student loan and a 5-year car loan.”
“I’ll pay the minimum, and hold those debts for 30, 20, 10, and 5 years. After all, why deprive myself while I’m young?”
Worse, they’ll ask:
[…]
Written By Paula Pant
Bob Lotich was stranded.
He was 20 years old, living alone in a strange city. He didn’t know anyone. He was broke.
His checking account was empty. His savings account was nonexistent. His credit card was only $264 shy of hitting its limit.
He had a glimmer of hope, a faint light on […]
Written By Paula Pant
Today’s letter comes from a 25-year-old reader named Chris, who asks:
“Invest for retirement or pay down debt? This may be more of a personal choice than anything, but I have been subscribed to the ‘pay down your debt before you invest’ camp for about a year now.
I should have my debt […]
