Remove Debt Remove Job Loss Remove Points Remove Taxes
article thumbnail

Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

While they can be helpful when it comes finding a starting point, rules of thumb should be approached with a degree of skepticism. If you lose your job, or encounter another financial setback, 30% of your income might be too much to handle for a mortgage payment — especially if you have other debt. So, What Can You Do?

article thumbnail

Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

You don’t have to contend with deciding which bill to pay or how to avoid a debt collector’s call or trying to keep the landlord off your back. Many millionaires, me included, spend years of their life working and building up their wealth to reach the point where they have those millions. My lifestyle didn’t change.

Money 247