Most of us understand the expression “burning the candle at both ends” to mean working so hard that you burn yourself out. Normally, that wouldn’t be a good idea unless it is intentional. If the candle is your mortgage and the strategy is to get it paid off early, being “burned out” would be a… [Read More]
Forced Savings
Most of the big banks have a voluntary program available that transfers $100 each month from your checking account to your savings account. In five years, the account owner would have over $5,000 because of a type of forced savings. Similarly, when a person buys a home with a standard amortizing loan, each month, a part… [Read More]