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A Collection of Short Articles About Money

Saving for College
You May Have More Time Than You Think

by Webmaster @

For the sake of illustration, let's say a child is born this year and you want to plan financially for her college education. We'll make the assumption that you expect to pay for a traditional four year degree. Further, you have a personal goal to pay for college without the need to take on any debt at the time the tuition bills are due.

How long do you have to grow your investments to meet this obligation?

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Rich Man, Poor Man
How Can I Be Rich?

by Richard Russell, editor Dow Theory Letters

MAKING MONEY: The most popular piece I’ve published in 40 years of writing these Letters was entitled, “Rich Man, Poor Man.” I have had dozens of requests to run this piece again or for permission to reprint it for various business organizations.

Making money entails a lot more than predicting which way the stock or bond markets are heading or trying to figure which stock or fund will double over the next few years. For the great majority of investors, making money requires

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What is the Rule-of-78′s
And how it works

A White Paper written by Morris A. Nunes, Attorney

Outside of banking circles, the Rule-of-78′s is little understood, even though it is commonly applied to many consumer and business loans. For the borrower, it tends to have a pernicious effect in the nature of a hidden prepayment penalty. The borrower’s disadvantage is heightened by

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Loan Carrying Cost
Interest Reduction Techniques

Edited by Bruce A. Marlow

According to the Mortgage Bankers Association of America (as reported by HousingWire), mortgage originations should total about $1.1 trillion for 2011, for one-to-four family homes in the United States. In addition, the United States Bureau of Transportation Statistics reports that there were 7.53 million new passenger automobiles sold in 2010, for a total retail sales value of $311 billion. If as in years past, approximately 70% of these new car purchases were financed, total new debt for new passenger car purchases would be approximately $240 billion. With the total value of new debt in these two categories exceeding $1.3 trillion for 2010, and assuming an average interest rate of only 6%, debtors will pay over $78 billion in annual interest carrying charges alone for just their single-year new purchases of homes and automobiles. The enormity of these amounts leads to a simple question:

Is it possible for borrowers to reduce their debt service costs? And if so, how?

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