Finding Some Good In My Worst Financial Decisions: Part 3

November 09, 2015

During the last few weeks, I’ve pointed out some of my own financial failures. Well, these failures weren’t exactly complete financial fails because I learned something from them and moved forward with a greater sense of purpose for how to better use wealth to accomplish life goals. Perhaps it is the voyeuristic culture that we live in with constant social media updates and reality TV shows that condition some of us to enjoy seeing others make mistakes right in front our eyes. I don’t know what that really says about our society, but it may just make us feel better to see that others are a little more messed up in the head than we are. Continue reading “Finding Some Good In My Worst Financial Decisions: Part 3”

Don’t Make the Cash Call!

May 06, 2014

I recently spoke to a young woman on the phone who was in tears due to a loan she had taken out to help bail out her (then) boyfriend from almost getting his pickup truck repo’ed. The couple had seen a late night commercial on tv for CashCall, promising quick cash for any need. Of course, the boyfriend convinced her to put the loan in her name since she had better credit than he did. Can you just imagine where this story is going? Continue reading “Don’t Make the Cash Call!”

Are 401(k) Loans a Really Bad Idea?

June 10, 2013

Following a recent financial planning webinar presentation, I was faced with a frequently asked question. Does it make sense to take out a 401(k) loan to consolidate debt? This employee had definitely done her research on 401(k) loans but she was wary after reading warnings from many financial planners and media gurus. However, this didn’t deter her from exploring a 401(k) loan as she was eager to eliminate her high interest credit cards and get them out of her life forever. Continue reading “Are 401(k) Loans a Really Bad Idea?”