How My Colleague Lost 400,000 With This Financial Decision

How my colleague lost 400k

I don’t know a lot of people in my personal life (outside of blogging) who are in a financially sound position. Most are spending, spending, spending. And that’s fine. There must be people that spend money in order for business to make profits so they can return those profits to me as an investor. Anyway, … Read moreHow My Colleague Lost 400,000 With This Financial Decision

Debt Strategy: Debt Snowball vs Debt Avalanche

mortgage interest

So you have decided to start paying down your debts. If you only have a mortgage that you can easily afford, this is not a problem. But if your are drowning in debt, what do you do? Let’s investigate the options you have here; the debt snowball and the debt avalanche. I will assess both debt strategies here, assisted by a case study with Jeff, who’s in quite some debt.

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Refinancing My Apartment to Lower Interest Payments

refinance-my-apartment

This week I finally did it. I signed on the dotted line, and promised the bank that I will pay them back a crapload of money. I have been busy refinancing my apartment.

After all the considerations, spreadsheets, and thinking I knew this is a good idea. When you see the official paperwork, and the amount you owe, it’s a different feeling. Suddenly it seems like a lot of money. However, I guess a lot of people wouldn’t consider the mortgage I took out as a high mortgage.

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