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, so it should come as no surprise that the lending industry booms, and so many hucksters make a fortune hawking questionable ways to get out of debt.
I have a better way, and you won’t pay me anything for the advice. Read on.
Since my advice on selling other makes of trains was popular, I thought I would give similar advice on selling Marx trains. Marx never got the respect that its competitors got, but its trains have built up a following over the years, and in the last decade as I’ve watched prices on competing trains slide, Marx has held its value.
Don’t expect to get rich selling off your Marx trains, but if you keep your expectations realistic, you’ll find an eager buyer, or ideally, at least two interested buyers so you’ll realize a good price at auction.
One of the most frequent questions I see or receive directly about Marx trains is what a Marx train is worth, or the value of a Marx train. Of course without seeing the train, it’s nearly impossible to give a good estimate, but there are some general rules that you can follow, either to protect yourself as a buyer, or to keep your expectations realistic as a seller.
If you want a better laptop than the typical Black Friday special, I found just the thing: this Dell Latitude E6420 laptop from Newegg, for $225 (the price is good through Sunday, Nov. 22). It has several things going for it: it comes with Windows 7 Professional, so you can upgrade to Windows 10 when you want and you’ll get the better, more-feature-filled, easier-to-secure Professional version; you can upgrade the memory to 8 GB of RAM, and it comes with a 128GB SATA SSD, so you can drop in a bigger, faster SSD at a later date.
Note: When Newegg sells out of these, which happens occasionally, they’re fairly easy to find on Ebay, though some come with conventional hard drives rather than SSDs.
I’ve talked before about the infamous Jeep hack, but there’s more to learn from it than just that cars are vulnerable. The way Charlie Miller and Chris Valasek hacked the Jeep has implications for any computer network.
Last week, a former classmate shared a Dave Ramsey article about early savings. Ramsey stated a teenager could save a couple thousand a year, stop saving in their 20s, and still retire a multimillionaire. I agree with the sentiment completely, but I’m concerned that Ramsey overstates how rich that person can expect to become.
Ramsey’s favored investment vehicle is a mutual fund that tracks the S&P 500.
The problem with the article is that he assumed an annual return on investment of 12 percent, which is well above every reasonable historical estimate I’ve ever heard of S&P 500 rates of return. Forbes agrees. Ramsey is basing his number on a subset of history, not all available history.
Lifehacker says it costs you money to make your IRA contribution all in April. Unfortunately, their advice to contribute in January is an oversimplification. Don’t make your whole IRA contribution in April, but don’t do it in any other single month either.
I collected for most of my youth, but as adulthood set in, other priorities took over. It happens a lot. But now my kids are getting old enough to take an interest in such things, and if my son is buying baseball cards, I might as well buy a card or two myself, right?
On Christmas Eve, I decided to take on a challenge: The 1935 Goudey set. Goudey was the biggest name of the 1930s, but at 36 cards, the 1935 set is small enough that a mere mortal like me can stand a chance of accumulating one example of each, and do so in a reasonable period of time. Most of the player drawings in the 1935 set are reused from the 1933 and/or 1934 sets, so it looks and feels like a classic Goudey set.
It’s not going to be a particularly cheap endeavor, but with one exception, it’s possible to get a low-grade example of each card in the set for $10-$15. A complete set in low grade is likely to cost less than $1,000. And while $1,000 is a lot of money, that’s approximately $20 a week. Most of us spend $20 a week on things that aren’t particularly good for us. Spend two years doing it and it drops to $10 a week.