The Simple Dollar Morning Roundup: Make Edition

My son got me a subscription to Make for Father’s Day. In the card, it said “Do some of these things with me when I get a little older!” You bet I will, son.

A Mortgage Is Still Debt That Needs To Be Reduced One big reason why financially astute people don’t pay ahead on their mortgage loan is because they have a lot more fun investing and seeing if they can top the gains. I notice many people making a game out of personal finance whether they like to or not. One big reason why I’m in favor of it is because once you have that deed in hand, the bank can’t foreclose on it no matter what happens. Just pay your property taxes (which should be a drop in the bucket compared to your mortgage) and you’re fine. (@ mighty bargain hunter)

Ben Stein: Your Suggested Portfolio I’d normally highlight a great Ben Stein article on its own, but Flexo’s commentary is well worth reading as well. We agree on one thing, though – Ben Stein is a fabulous writer. (@ consumerism commentary)

The Simple Dollar Retro: Ten Signs of Questionable Financial Writing At the time, it was somewhere between an attempt at humor and a commentary on the repetitive nature of much personal finance journalism. Sadly, it’s become less and less funny as time wears on and I look at more and more issues of some of the poorer personal finance magazines.

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One thought on “The Simple Dollar Morning Roundup: Make Edition

  1. alex says:

    Trent,
    in my opinion, you are too focused on eliminating or avoiding debt, and not focused enough on building wealth. Given your experiences, I think its completely understandable why that would be, but I think others should not be so focused on avoiding debt like the plague.

    Creating a 12-month emergency fund, and prepaying your mortgage are steps which will put a tremendous hurt on your ability to build wealth (assuming you would otherwise invest that money). Sure its not wise to overdo it on debt, but the conventional wisdom about “good” debt versus “bad” debt captures a valuable piece of wisdom about the need to build wealth. As long as you take some reasonable, but small, steps to prevent having to go into bad debt, there is no you shouldn’t use the leverage of “good debt” to build your net worth, especially if you would like to retire early some day.

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