Carnival of Personal Finance #153, Ask and You Shall Receive

May 19, 2008 By Debbie Dragon

Money and Values has posted a Question and Answer session for the Carnival of Personal Finance #153, and it’s loaded with answers to commonly asked personal finance questions.  Love it!  Take a look and see if your questions are answered.

Here are a few links to blog posts I liked this week:

• Create Your Own Bill Organizer, yep, another article by me on Destroy Debt - how can I not like it?
• Best Credit Cards for New College Graduates, by Smart Money Life, in honor of Matt Paulson (the owner of American Consumer News) who just graduated from college this month.
• Home Equity Loans: Why They Don’t Make Sense as Part of Debt Reduction Plans, from Discover Debt Freedom.
• Contrary to Popular Opinion, Paying off Your Mortgage is the Dumbest Move You Can Make, from 7 Million in 7 Years. (Also from AJC of the 7 Million/7Year blog is a casting call for applicants wanting to make 7 Million in 7 Years… check it out if you want to apply, sounds interesting: http://7m7y.com/2008/05/18/meet-debbie/)

Posted in blog carnivals

• Homeowner's interest & student loans A reason often given for not paying off your mortgage or student loans is that you get a tax break by having them. However, just having a mortgage or a student loan and paying thousands...
• Finding the best home equity loan rate If you have decided to take out a home equity loan, but are not sure which lender/company to go with, you’re not alone! After all, these days virtually every type of financial institution is offering...
• Your Home as an Investment? Let's Re-think this. Mr. ToughMoneyLove engages in many debates over "good" and "bad" debt and the logic of having substantial equity in your home or even paying off your mortgage.  Regarding the latter, some folks insist that their home...
• Untapped Riches: Never Pay Off Your Mortgage--and Other Surprising Secrets for Building Wealth by Susan Cutaia, Anthony Cutaia and Robert Slater On the surface, this book seemed like the ideal read. It has a strong premise of how to create multiple streams of income using debt leverage. That is a great premise and one that we...
• Money Merge Accounts – Are They Real and Do They Work? First, let us get these statements out of the way before we tackle this issue:  Money Merge Accounts (or Mortgage Accelerators) are real.  But the more important question is "do they work?"  The answer to...