Build An Emergency Fund Or Pay Down Debt?

How about doing both at the same time Many financial writers will claim that everyone needs to build and emergency fund of some kind that is kept in a liquid vehicle such as a high interest savings account ( I prefer ING DIRECT ) a money-market fund, or some other readily accessible investment like a cashable certificate of deposit. While I am a fan of financial leverage and will swear

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Economics 101: A Fiscal Policy Dilemma

How Long Will Economic Recovery Take? As troubling as these times look, we all assume that eventually things will change and the economy will once again be robust, financial markets will stabilize, and commodity prices will revert to the mean. In the mean time, however, many financial pundits are taking their best guess as to how long the recovery process will take. We are constantly barraged in the media with

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Student Loan Reduction Strategies

It appears that I shocked a few people when I wrote about my thoughts on maxing out your student loans to get every penny that you can. Of course, there are the same arguments about other kinds of debt as well. I have received my fair share of email regarding my advice on the use of debt. Debt is a Tool. It is that simple. Loans, mortgages, credit cards etc.

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