By Kevin M
In the 1990s and early 2000s no one was seriously questioning the sustainability of large price increases in housing, or the integrity of the mortgages they secured. The same was true of the stock market in the 1980s, in the 1990s and again in the early 2000s. As we’ve seen in each case, that level of certainty is often the last step before a crisis.
A similar level of faith continues to exist in the assumed value of a college education and in the student loan debt commonly used to obtain it.
21st Century quandary: a college education has risks!
A college degree has value, and will continue to in the future—I have one myself. But the problem is that a college education today carries risks that it didn’t just a decade or two ago:
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Ten Financial Mistakes You Can’t Afford to Make
By Kevin M
There are strategies we need to put in place that will help lead us where we want to be in life, but just as important is problem avoidance.
When making our plans, we can project working in a certain career, earning a certain income, investing and having X amount of money by age Y, living in a certain size home, and even planning out a career for our children. But few of us ever give serious practical consideration to the things we don’t want to do!
Two or three major mistakes can derail the most well intended plans so it’s best to play devils advocate from time to time and seriously consider the question “what can go wrong here?” It should be done with the same level of intensity that we give to the plans that we hope will move us forward.
Below is a list of ten financial mistakes I’ve culled over the years from my experience in public accounting, from working in the mortgage business and from a few dives into an empty pool I’ve taken on my own road of life.
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