Tag Archives: money

Home Ownership or Parasite Buffet? Who’s Sucking your Money Blood?

The next few posts will be a series on financing home ownership and a comparison of two popular mortgage products, the 15-year and 30-year fixed rate loan.  But first, I’d like to take a look at some common beliefs about … Continue reading

Posted in Borrowing, Debt, Finance, Financial Planning, Home Ownership, Mortgage, Public Policy | Tagged , , , , , , , , , , , , , , | 5 Comments

Financial Rabbit Trails v.s. GPS Financing: How to Avoid Path Integration

Are you following a financial rabbit trail?  Does it loop around in seemingly endless illogical patterns? Animals use path integration to determine their location and direction.  In this post we’ll learn how to manage the impulse to follow a financial … Continue reading

Posted in Banking, Borrowing, Debt, Due Diligence, Finance, Financial Planning, Money, Negotiating, Relationships, Strategic Planning, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 10 Comments

Is Your Financial Tree a Strong Oak or a Fragile Widow Maker? Looking Underneath the Visible Canopy

Our financial lives can be like this tree. The violent winds of life blow from a direction and at a speed we don’t anticipate and are unprepared to resist. For years the predictable economic winds blew and many financial trees withstood the gusts. The winds of the current financial crisis began blowing in 2007 and left many financial lives uprooted. Continue reading

Posted in Borrowing, Debt, Finance, Legacy, Money, Uncategorized | Tagged , , , , , , , , , , ,

Who’s Afraid of the Big Bad Bank?

Question: If the bank knocks on the door of your ATM or debit card made of straw and asks to come in for the ability to charge overdraft fees what should you say? Answer: Not by the hair of my … Continue reading

Posted in Banking, Borrowing, Checking and Savings, Debt, Finance, Money, Relationships | Tagged , , , , , , , , , , , , , , ,

“Big Chicago” and his Undersized Financial Bun

Have you seen Big Hot Dogs made in Chicago, Illinois?  According to the company’s web site, bighotdog.com, “The BIG HOT DOG measures 16″ long and 4″ in diameter and is made of 100% veal, beef, pork, every Tuesday in Chicago, … Continue reading

Posted in Big Chicago, Borrowing, Debt, Finance, Legacy, Money, Relationships, Uncategorized | Tagged , , , , , , , , , , , , , , | 1 Comment

Double Bogey Borrowing

The Wall Street Journal reported that the town of Buena Vista, Virginia defaulted on bond payments for the local 18-hole golf course.  The town of 6,500 people had grand visions in 2004 when it borrowed $9.2 million for the golf … Continue reading

Posted in Borrowing, Debt, Finance, Financial Planning, Money, Municipal Financing | Tagged , , , , , , , , , , , , , , ,

High Altitude Borrowing

I am aware of the correlation between the lack of oxygen and impaired brain function.  I experienced that first hand in army flight school when they put us in the hypobaric chamber to simulate the effects of high altitude.  We … Continue reading

Posted in Army, Aviation, Borrowing, Debt, Finance, Financial Planning, Military, Money, Relationships | Tagged , , , , , , , , , , , , , , , , , , | 2 Comments