Teamwork = Traction

Teamwork = Traction

A little over two years ago, my wife and I got married.  Since that time, we have been working hard on paying off debts and setting ourselves up on a solid financial footing.  When we got married, I remember asking my wife if she was ok with us paying extra on our debts to get rid of them.  She was fine with it.  We were excited to find out last month that we were officially debt free.  I feel that our debt freedom came to us, because we have worked as a team and make our decisions about money together.  This is the best way to make financial decisions in a marriage.  

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Our August Savings Rate

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Our August Savings Rate

One of the best ways to build wealth and reach the financial summit is to have a high savings rate.  As I detailed in an earlier article, our savings rate has continued to increase since last June.  So, I decided to do a monthly article on our savings rate and explain what caused the increase or decrease in the rate.  Our goal is to reach 50% every month, but there have been a few months this year that have not reached 50%.

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Student Loans: A Necessary Evil?

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Student Loans: A Necessary Evil?

Recently, I have been hearing lots of talk about student loans in politics.  I have just got out from under my student loans, and I don't believe that anyone should ever default on their student loans.  I used teacher loan forgiveness to help me pay off my student debt, but was all of this really necessary?  Are student loans the only way to get through college?

20 Smart Money Decisions

20 Smart Money Decisions

This is my 20th post on Summit of Coin.  I can’t believe that there has already been 20 posts in two months.  Therefore, I decided to write an article celebrating 20 posts, by discussing 20 smart money decisions that we can all make.  Some of these I may have mentioned in earlier articles, but not all.  For people struggling with money, this affects you daily, because you are wondering if you will be able to pay all of the bills.  Stop worrying and start changing your life.  Use these 20 strategies to start.