Ask the Wealthy Bloggers
By Mike Hillyer | Related entries in UncategorizedA reader recently contacted me and asked if we could do some kind of ‘Ask the Wealthy Bloggers’ posts. I thought it was a good idea so here is how we’ll operate: post a question in the comments of this post. Jeremy and/or I will pick questions and write our answers in follow-up posts.
Of course, the usual disclaimer applies about us not being personal finance professionals, Your Mileage May Vary, offer void where prohibited, offer not available in Quebec, Alaska, or Hawaii, a skill testing question may apply.
This entry was posted on Tuesday, June 28th, 2005 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
June 29th, 2005 at 9:32 am
What’s your advice for students looking for new(er) cars? Tastes change, I don’t think I want to try to re-sell a car in a year or two. Plus, is there a good way to go about looking? Online? Offline? Financing? etc.
Thanks, guys.
June 29th, 2005 at 12:32 pm
I am trying to build my credit history and just recently got my first credit card, a secured one from the bank, so that the information about me would get sent to all the credit reporting agencies.
However, I am getting contradictory responses on what my spending should be. I don’t really need credit at this moment, so I am promptly paying off every credit card by the end of the billing cycle, incurring no outstanding debt. However, some people told me that I actually should incur some debt and pay off some interest for the credit rating to improve.
So what’s better for credit ranking - promptly paying off or generating some debt and then paying it off?
Oh, yeah, we’re talking USA financial system here.
July 3rd, 2005 at 5:59 pm
What are some simple ways of leveraging your existing skills to generate at least subsistence income when you’re… how shall I say it… between jobs?
July 28th, 2005 at 1:03 pm
I was wondering what is your opinion on the entire housing bubble talk? Are we on the verge of a collapse of the real estate market or its all an exaggeration?
In the Miami real estate market, home of condo speculation and 0 down, no interest, 107% financing, the average price of a house has shoot up from $200K in 2001 to $350K currently. And $350K will only buy you a decent sized townhouse. A 4/3.5/2 car garage house starts at $450K in an OK area. Meanwhile the average salary of Miami residents remains at about $45K. How is the average Joe supposed to afford a house in this type of market, especially one thats stuck in a constant rental/bill cycle?
November 9th, 2005 at 5:35 am
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