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Debt

Rough Times: Pay Off Your Debts

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If you're like us DINKs, you're probably wondering how to improve your financial bottom line. The recent covid related economic slowdown has torpedoed some people budgets, so some options for seeing immediate gains to one's net worth are limited. One way to immediately improve your bottom line is to pay off your debts. There are several advantages in doing so. First, … [Read more...] about Rough Times: Pay Off Your Debts

Couple has $232,000 In Debt – How Does That Happen?

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I spend a lot of time on the internet, especially on personal finance blogs.  Over this weekend I came across this posting. Evidently its written by a couple from Alaska.  The interesting thing is...they have a lot of debt. Not just like a few thousand on a couple of credit cards, they owe about $232,000 in multiple vehicle loans, student loans, credit cards, and personal … [Read more...] about Couple has $232,000 In Debt – How Does That Happen?

How To Get 20% Returns

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If you're a reader of personal finance blogs, you're probably wondering how to increase your wealth. There are many ways to go about doing this. One is to make your accounts more efficient, by increasing the amount of interest they pay or by improving your cash flow through reducing wasteful spending. However, to build serious wealth you'll want to maximize your returns. … [Read more...] about How To Get 20% Returns

What Is Actually Worth Investing Money In? Part 2 of 2

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In Part 1 of this series, we looked at the stock market, real estate investing and cryptocurrency. Today, our main topics will include investing your money into debt (your own, others, lending, etc.), physical assets and CDs. Like always, I challenge you to do your own research to really figure out whether or not a type of investment in a good choice for you and your portfolio. … [Read more...] about What Is Actually Worth Investing Money In? Part 2 of 2

Billionaire Covers Student Loans Of Morehouse University Class Of 2019

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Most people reading this know a thing or two about the veracity of student loan debt. Today, Americans owe more than $1.3 trillion in student loans, which puts serious drag on the economy. Still, we've all trudged along, paying those monthly payments that seem unending. The Class of 2019 will feel the sting of student debt more than their parents did, say, 20 years ago. And not … [Read more...] about Billionaire Covers Student Loans Of Morehouse University Class Of 2019

Everything You Need to Know About Finance…On A 3 x 5 Card

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This has been making the rounds for a while, but its a solid nugget of personal finance advice, so we're covering it here again on Dinksfinance. Back in 2013 University of Chicago Professor Harold Pollack figured that everything you need to know about finance could be written on a 3 by 5 card. Everything else, he said, was a sales pitch designed to separate you from your money. … [Read more...] about Everything You Need to Know About Finance…On A 3 x 5 Card