Tag: loan

Let Me Draw You Some Pictures… Because I’m Nice

RANT WARNING – CONDESCENDING STATEMENT (AND PICTURES) AHEAD In a recent post, Two Really Ignorant Statements And What You Should Know, I covered some of the numbers associated with the current economic situation. Somehow, some didn’t get it. I venture to say they simply didn’t read it. Yes, it’s long. I’m sorry, but our problems,…

The Student Loan Crisis – A Different Perspective

What follows is a clarification of a plan for dealing with a rising student loan bubble that can be fixed to our benefit. Read this through and do the math for yourself – you’ll see what I mean. Before I dive in, let me begin with a quote from Thomas Jefferson’s “Bill for the More General…

Understanding Interest: Things to Know

Without a calculator or Google, can you answer the following questions? If I borrow $2500 for the year at 9.25% APR, what is the total amount that will need to be repaid? Better yet, how much money will I get each year if I invest $2500 into a CD at 2.08% APY? The interest rates…