Category: Debt Elimination

How to get out of debt.

Cars are the Great Middle-Class Wealth Destroyer

Drive-in banks were established so most of the cars today could see their real owners.  – E. Joseph Crossman I have long thought that cars were a great destroyer of middle-class wealth.  Recently I stumbled across some evidence confirming this.  The evidence came in the form of a graph created by the Wall Street Journal…

What Do Credit Cards and Mosquitoes Have in Common?

The American Mosquito Control Association declares, “Mosquitoes cause more human suffering than any other organism.”  Wikipedia quantifies this suffering, stating “Nearly 700 million people get a mosquito borne illness each year resulting in greater than one million deaths.”  Those who escape the worst consequences of mosquitoes still don’t get off unscathed.  Mosquitoes have ruined countless…

Debt Elimination or Retirement Savings?: Gazelle Intensity vs. Humble Arithmetic

Gazelle Intensity Popular debt elimination evangelist Dave Ramsey teaches that, after setting aside $1,000 for emergencies, your only financial priority should be paying off all debt except your home mortgage.  Everything else, including saving for retirement, should be put on hold until your debts are paid.  Ramsey uses the term “gazelle intensity” to describe the…

My Earlier Post “The Power of Thrift: A Penny Saved is…” Is Currently Running on Rockstar Finance

Another of my posts has been selected to run on Rockstarfinance.com, a website that promotes itself as “A Collection of Awesome Money Articles.”  It is my post originally published on January 28, 2014 titled “The Power of Thrift: A Penny Saved Is…” If you haven’t had the chance to read it yet, take a look. …

My “Big Hat, No Cattle” Post was Selected to Appear on “Rock Star Finance”

My post “Do You Want Financial Security or the Appearance of Wealth,” originally published on December 30, 2013, was selected to appear on rockstarfinance.com, a site that describes itself as “A Collection of Awesome Money Articles.”  In this post I introduce the old cowboy saying “Big hat, no cattle” and talk about how it relates to personal finance.  If you…