debts Archives - The Silicon Underground

Rent a house with bad credit

Dave Farquhar — Mon, 28 Aug 2017 11:00:45 +0000

If you need to know how to rent a house with bad credit, it’s possible. You have an uphill climb, but renting a home with bad credit isn’t a completely hopeless cause. Here are some tips from a landlord. How

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When KB Toys closed

Dave Farquhar — Thu, 09 Feb 2017 12:00:26 +0000

When KB Toys closed is a relative question. While KB Toys went out of business in 2009, the store closest to you may have closed earlier than that. It was a sad end for a staple of my childhood, and

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Pay off investment property

Dave Farquhar — Thu, 16 Jun 2016 11:00:03 +0000

Paying off debt involves some nasty math, and when you go to pay off investment property, it’s no exception. That’s why it’s so controversial. When I was in college, my university used this kind of math to weed students out,

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Go to college, but don’t go broke doing it

Dave Farquhar — Mon, 12 Aug 2013 11:00:17 +0000

I saw in this morning’s Post-Dispatch that 25% of student borrowers can’t repay their debts. I understand why, but it’s preventable. Jim Gallagher’s column has some good advice. I’ll add some more, having recently spent a little time on my

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Commodore was more than a stock scam

Dave Farquhar — Fri, 15 Mar 2013 10:00:22 +0000

From time to time, I see the phrase “Commodore stock scam” or something similar come up in discussion or in books. Commodore, in case you don’t know, was a high-flying computer company in the 1980s that was literally making computers

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The Debt Tsunami is a gimmick, but it probably doesn’t matter

Dave Farquhar — Sun, 03 Feb 2013 19:13:11 +0000

I saw some people passionately advocating both for and against a new method of paying off debt: The “Debt Tsumani,” which focuses on paying off debt in the order of its emotional impact on you. As someone who paid off

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Don’t let debt cripple you

Dave Farquhar — Tue, 18 Oct 2011 11:17:05 +0000

Sometimes people ask me for help with their finances. And I’ve seen the effects that debt can have on people. I believe having no debt is best. Having debt that you’re paying off is second-best. Festering debt, however, is crippling.

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Getting serious about budgeting

Dave Farquhar — Thu, 16 Oct 2008 01:28:41 +0000

My wife and I are adopting Dave Ramsey's envelope system.

We did OK budgeting up until now--I'd say paying off a mortgage 5 /12 years after I moved into the house qualifies as OK--but it doesn't work as well when there are multiple things you're saving for.

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How to become a millionaire in 10 years (safely)

Dave Farquhar — Thu, 21 Aug 2008 00:52:10 +0000

I saw a blog post today called How to become a millionaire in 10 years. The majority of commenters dismissed it outright.

I don't like that attitude. The plan makes some assumptions that aren't always true. But having the plan is an important first step. What's impossible now might not be impossible in a few years, so it makes sense to do what you can now.

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What order should you pay off your debt?

Dave Farquhar — Sun, 20 Jul 2008 18:26:36 +0000

The eternal debate, once someone starts on the road to paying off (or at least reducing) debt is short, simple and sounds innocent enough: Which one first?

In fact, when I started down this road, a friend and I talked about it at length. (I won't mention his name but he can speak up if he wishes.)

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