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Thursday, March 29, 2007Can we do it?Let me tell you a little bit about my student loan. I'm not going to fill you in on all the gory details of how I ended up owing Sallie Mae 30k because it involves a person that I never talk about. Speak the devil's name and you may conjure her to appear. It might seem a little superstitious but... Sign in to see full entry.Wednesday, March 28, 2007but I want itBefore I relate this next story, I need to update you on my own situation. My wife and I are paying off a student loan owned by Sallie Mae. Sallie Mae has received all sorts of bad press because of their predatory nature and we are doing everything we can to escape their evil clutches. We weren't... Sign in to see full entry.Tuesday, March 27, 2007Maxed Out - The MovieThere is a movie out now about credit card debt and the predatory nature of credit card companies called Maxed Out. http://www.maxedoutmovie.com You can visit the website to see where the movie is playing. Nowhere near me, unfortunately. I guess I'll have to wait for the DVD. I did watch some of the... Sign in to see full entry.Monday, March 26, 2007The Legal LotteryI'm not talking about the state run lotteries. I could. What kind of country do we live in where millions don't have adequate healthcare and thousands more join them everyday and we raffle off a chance for people to escape the situation? I'm talking about the lawsuits. You know the ones. A woman... Sign in to see full entry.Sunday, March 25, 2007Is the answer more money?The education system in the US is outdated and failing. One answer that has been put forth is to go to a voucher system for schools and allow parents to choose which schools their children go to. The theory goes like this. If schools had to compete for students, they would try harder to meet the... Sign in to see full entry.Saturday, March 24, 2007More renters means less ownersAnd that means more concentration of resources to the people that already have. My little quest to become a millionaire started out as just a personal little endeavor. My wife and I have been through some rough financial times and we vowed to never let that happen to us again. When you owe people... Sign in to see full entry.Friday, March 23, 2007I didn't think I understood but . . .People that can afford to pick up the houses being auctioned off by the banks will be able to rent them out, either indefinitely or at least until the housing market picks back up so they can make a profit on the sale. Those people who lose their homes will have a hard time qaulifying for another... Sign in to see full entry.Thursday, March 22, 2007What to do with your houseMy wife and I will be moving in a year or two. Our hope is that the housing market is back on track by then. If not, we'll probably rent our house out until the market does right itself. We have talked about doing that anyway because of our research into personal finance. The middle class is... Sign in to see full entry.Wednesday, March 21, 2007My DisclaimerI want to continue with the housing issue but as I thought about yesterday while hauling tons of dirt out of my yard, I felt that I should step in with this disclaimer. My plan works. My plan will make is going to make our life better. Yours too, if you follow it. My plan is simple but not... Sign in to see full entry.Sunday, March 18, 2007The good news is . . .Okay, it's a double edged sword but the fact is that housing prices are going to come down in many places. Defaults and foreclosures are going to rise dramatically and the banks are going to be looking to dump these houses and get *some* money for them. This will put a lot of houses on the market at... Sign in to see full entry. |
