student loans Archives - The Silicon Underground

Feeling poor on $100,000 a year

Dave Farquhar — Sat, 24 Mar 2012 13:16:21 +0000

Yahoo! Finance! has! a! first-person! story! about! struggling! on! six! figures! Silliness aside, you might be surprised to hear I–an infamous stingy Scottish miser–am at least a little sympathetic. Here’s the thing: A hundred grand isn’t always created equal. The

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Control your debt, stay in school, stay employed and out of prison

Dave Farquhar — Tue, 20 Mar 2012 00:03:09 +0000

Some people are worried that student loans are the next debt time bomb that can potentially wreck the economy, and that fear of student-loan debt will make people less inclined to seek the education they need. Two statistics should discourage

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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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Debt magic demystified

Dave Farquhar — Mon, 25 Oct 2010 23:54:02 +0000

I see the repackaged debt snowball method is making the rounds again. Let’s not make this overcomplicated. You can do this. 1. Find out what you owe to everyone. That’s your car, your mortgage, your student loans, your credit cards,

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Paid in full.

Dave Farquhar — Fri, 27 Jun 2008 01:17:50 +0000

This week, my wife and I drove to the bank and signed some papers initiating a wire transfer to our mortgage company.

Yesterday, I had the satisfaction of logging into the mortgage company's web site, clicking on my account, and seeing the words "paid in full."

I moved into this house in October 2002. Five years and eight months later, I own it outright. Between the house and our cars, my wife and I have paid off nearly $180,000 in debt in those five-plus years.

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How Generation X can take this country back

Dave Farquhar — Fri, 23 May 2008 02:59:18 +0000

I've done some reading in recent days. First I read that GenXers aren't happy with Corporate America and the feeling is largely mutual. It appears I'm not the only one.

But I see an opportunity in this. We have a window to take this country back. And I have a plan.

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Why I never kept up with the Joneses

Dave Farquhar — Tue, 25 Sep 2007 22:28:16 +0000

I had a bit of a financial epiphany over the weekend.

I have a well-deserved reputation for being a tightwad. Part of it is in my blood; I'm largely of Scottish descent, and Scots just tend to act that way. But I think part of it is what I observed growing up.

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