Tag Archive: Personal Finance

Buying Life Insurance on a Child’s Life

Warning this post might be considered too morbid for some people. I had an interesting conversation the other week with one of the financial planners in my office that got me thinking.  There was a client who was in the midst of buying life insurance on a young child (about 5 years old), I had…

There are No New Rules when it Comes to First Time Home Buyers

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Like one of my favorite bloggers out there, Bad Money Advice, I don’t really get all these “new” rules that are popping up everywhere.  I don’t believe the “its different” today BS.  I think most of the lists, at best, basically just rehash of old rules that I thought always existed (obviously, minus the past…

Personal Finance as told by Sonic the Hedgehog

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A while ago I wrote a fun post about how Legend of Zelda could teach you about personal finance.  Well this past Friday, I powered up the Wii and was reminded that I bought Sonic the Hedgehog 2, and couldn’t help but loading it up (mostly due to that SEGA Chant). It took less than…

My Extra Payments towards my Auto Loan was not being applied to Principal!

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It was a cold winter day in 2006.  I was 6 months out of law school working at a firm where I usually stayed till about 7pm.  I walked to my trusty, lovable Nissan 240sx.  This car had so many miles the odometer literally stopped working (I am not kidding it was stuck on 160k). …

When Applying for a Mortgage don’t Forget to Calculate your Debt to Income Ratio

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A buddy of mine is attempting to buy his first home, and learned a very valuable lesson that no one learns about until they attempt to buy their first house.  It is a lesson that most people do not think until their mortgage broker tells them the bad news.  I bet you are thinking, “Ugh another…

Another Reason to Check your Credit Report – New York Default Judgment Getting Thrown Out

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On July 22, 2009, New York Attorney General Michael Cuomo filed papers to throw out 100,000 default judgments due to bad service.  When I wrote a post way back in December about Default Judgments and How they Affect your Personal Finances I skipped over service of the papers to start a lawsuit. New York Service…