July 2018 Roundup

From time to time I come across posts that are interesting so I have included the ones I found here.

In this week’s roundup, I want to highlight three articles that are worth a read.

If you have ever heard of Dave Ramsey. His message is biblically based and Christians love him. I say his advice will lead his lambs to slaughter eventually.

He has some good advice on getting out of debt, but some of his advice is just wrong. Here is a piece from Michael Dinich. Michael explains that David believes you are too undisciplined to follow good financial advice, and he lays out why he believes this.

Michael elaborates on why Dave believes a 15-year mortgage. is a must for everyone, an absurd notion. I believe it makes much more sense to buy a 30-year mortgage and pay it off in 15 years. You never know what calamity might befall you when you need that extra money.

When one is debt free, a huge burden is lifted from your shoulders. In Tuppenny’s Fireplace, the author spells out 15 things to gladly give up to be Mortgage Free. Tuppeny describes how after five years she wanted to have no mortgage. Her first mortgage, the interest rate was 9%. yeap mortgage rates were that high once. I too had a Mortgage interest rate that high at one point.

Tuppeny gave up things like travel, restaurants, new cars, mobile phones, hairdressers, and other luxuries. You have to sacrifice to reach your goal of being totally debt free, and the Mortgage is the last debt most people carry.

She even becomes creative and waits until after Christmas to buy things like wrapping paper, and other things for the next Christmas. Buy what you need when the items are deeply discounted. My mother used to buy gifts all year round for the children when she found good deals. You have to find innovative ways to spend less to pay off a mortgage or any other debt.

Read her experiences here. You will find it enlighting.

Why do some people decide to retire early, yeah I can’t figure that one out either, but there are actually people who don’t want to retire early?

People who live in the large cities like San Francisco may have higher expenses. People with higher incomes may be accustomed to spending more and do not want to cut back. They enjoy their lifestyle require and a bigger nest egg, and then God forbid, there may even be someone out there who enjoys what he or she is doing.

Jim explains here why there are some who do not choose to retire early.

Hope you enjoyed this week’s roundup.