The Ultimate Guide to Making Money

Tip #21: Save thousands by pre-paying your debt

This is Tip #21 of of the Save $1,000 in 30 Days Challenge. (See past tips.) Today's tip is to save money on interest payments by paying a little extra off your loan each month. Because loans are usually large amounts spread out over many years, the savings can be significant. The longer the loan, the more you save. ...

Excellent comment about debt

A Million Paths leaves this excellent comment on my recent post, When your debt feels like your arm. I was going to say something about how I agree and how debt is bad and blah, blah, but something really bugs me about everyone’s comments. Debt is the new fat. It’s just one more thing to be ashamed about ...

When your debt feels like your arm

"I've been in debt so long that it really doesn't matter whether I pay it off in October vs. March." -- A friend of mine who was talking about going on an international trip despite having $6,000+ in credit card debt. When I suggested NOT GOING BECAUSE THAT'S RIDICULOUS and putting the money towards the debt, my friend pointed ...

Tell me a story about your debt

I'm wondering if you can do me a favor. Tomorrow, I'm giving a talk at the Commonwealth Club in San Francisco about debt for young people, and I'd love to hear your stories about how debt has affected you. How much debt do you have (and what kind)? How old are you? How did you get into debt? How does ...

My Free Insider's Kit will show you how to earn more money

Meet the 24-year old with $2.2 million in debt

Regular readers know that I'm not especially enthusiastic about investing in real estate (see here and here for examples of why), so this post won't come as a big surprise. But it's not just about why I think stocks are better. Many of you have been hearing about the blog http://www.iamfacingforeclosure.com, written by a 24-year-old guy named ...