June 22, 2013

Do Low Interest Rates Change the Rules for a Mortgage?

A lot of different “rules” are passed around regarding the size of a mortgage that a person or a family should take out in order to afford a home. One common one I see and hear repeated is that you should never take out a mortgage that has a value of more than twice your annual income. […]

Ten Pieces of Inspiration #131

Each week, I highlight ten things each week that inspired me to greater financial, personal, and professional success. Hopefully, they will inspire you as well. 1. Sir Ken Robinson on being wrong “If you’re not prepared to be wrong, you will never come up with anything original.” – Sir Ken Robinson No one is ever right all of the time. Most of us aren’t even right most of the time. 2. […]

Will You Spend More on Vacations This Year?

Money magazine asked readers of their June issue if they will spend more on vacations this year. The results: 29% will spend less this year 27% will spend a little more 25% will spend about the same as last year 19% will spend a lot more My answer depends on how you define "this year". If you literally mean the 2013 calendar year, then we will be spending a lot more versus 2012. […]