Have you ever wondered who you’re borrowing money off when you go into debt? If you think you’re being given money by a bank or credit card company, think again.
5 top monevation
The lure of easy money may be strong, but it’s also a mirage. If you want to make a real difference to your life and wealth, try making a difference in the world…
Times are tough. Millions are unemployed. House prices are wobbling, and bankers don’t dare lend money due to the risk that customers will lose even more of it than the banks have managed to lose for themselves. In this climate, it’s more important than ever to know your credit score (also known as your credit [...]
I accept it’s normal to feel frustrated, angry, or even downright stupid when you lose money on your investments. But what about guilt? My portfolio’s fall from its peak value in summer 2007 to a low in October 2008 represents a big loss for a 30-something private investor like me: at least a couple of [...]
Your debt makes other people rich. You’re borrowing from your future self, who will be poorer, less secure, or lead a less abundant life because you wanted something now, before you could afford it. You must get out of debt. You can’t save while you’re in debt, and it grows like a weed. Kill it! [...]