Yearly Archives: 2008

Avoid these 5 Financial Mistakes Regardless of intelligence

Avoid these 5 Financial Mistakes Regardless of intelligence

Linda  Formichelli from CNBC wrote an article, “Five Money Mistakes Even Smart People Make” which highlights 5 items that she thinks “even smart people” make mistakes.  I don’t really get the title (other than to get readers – it worked for me), I don’t think intelligence (a term hard to define) correlates with personal finance. Think about how

Carnival of Personal Finance #175

My article, “Stay Away from Seller Financing” was chosen to be featured in Carnival of Personal Finance #175 hosted by J. Money from Budgets are Sexy.  He threw me in the Finance section…but check out the whole carnival here. Here are some of my favs: Dan from Everyday Financing talks about his car buying HERE

Nursing Home Expenses May Be Deductible

Nursing Home Expenses May Be Deductible

I know we are far from the cultural event known as “tax season” but today, I came across a great tax deduction I had no idea about.  A Planner came to me today and asked, quite succinctly, Are Nursing Home Expenses Tax Deductible? I started with my normal logical reasoning, they are medical expenses but

Stay Away from Seller Financing

Stay Away from Seller Financing

I was reading Wall Street Journal’s Online Personal Finance Section and came across a very interesting article, that in my humble opinion, didn’t explore the downfalls of Seller Financing enough.  The article was entitled “Mortgage Lending for Sellers” by Amy Hoak (full article can be found here). What is Seller Financing? The idea of seller