Key to Debt Elimination

The U.S. Commerce Department reports that America’s personal savings rate is less than one percent. Until recently it has been less than zero which says we spend more than we earn!

If you spend more than you earn, the result is DEBT. If you want to eliminate debt, you must first learn how [...]

The 2008 Gold Rush

The gold rush of 2008 is happening now as the price hits a record of $1,000 per ounce. In the past six months the price of gold has gone up about 40%. The cause in the rise is probably due to several things, including the value of the US dollar, the erratic movement [...]

What you don’t read about the national foreclosure “crises”

We see and read about the percentage of increase in the national foreclosures (79% from 12/06 to 12/07). If we look a little closer at the data however, we see that the numbers aren’t really what they seem.
Of the 10 highest foreclosure areas in the US, in nine of those areas houses have appreciated over [...]

Consumer are paying on their Credit Cards before paying their Mortgage.

Since Jan 2007, according to Experian, a larger percentage of people are 30 days or more late on their mortgages than on their credit cards.
In the current economic slow down, it appears that consumers have chosen to continue to pay on their credit cards while ignoring the mortgage payment.
Too many consumers took out mortgages they [...]