Blog Posts
Monday, August 24, 2015 is being called another "Black Monday." The stock market dropped and I heard lot's of people worried about the drop. This drop has happened before and the stock market has always recovered. I felt like I should type an article of advice to help anyone worried about the dip in the stock market.
Teacher loan forgiveness is a program that has been implemented by the Federal Government that forgives either $5,000 or $17,500, depending on the subject that you teach. Since I taught math, my forgiveness was $17,500. This is only one of the requirements of this program and I will detail how you can utilize this program as a way to get some of your student loans forgiven.
Personally, I don’t like being in debt and I personally don’t like paying interest charges. A house is a big ticket item that my wife and I will purchase using a mortgage, but we will only take out a 15-year mortgage, because the math is just so obvious about how much you save when compared to a 30-year mortgage. There are two reasons why I prefer a 15-year mortgage.
Step 4 is the biggest step to financial independence! This is the step where you are investing tons of money for your future self. There is a lot of history and a lot research that shows that the best way to save for the future is to invest. These investments will grow over time and you will have a substantial amount of money.
Everything that I have talked about is important, but I haven’t given you an overall strategy that protects your money. This one item has helped organize and help keep more of my money in my account. This one strategy is:
