My “Profit Instruments” Failure

March 22, 2011

I thought I would share a recent business failure of mine with you today. I hope to share my experience, and hope you learn something in the process, as well let you know that if you’ve failed before you are not alone. Profit Instruments is a website that offers a fairly expensive program which promises to teach [...]

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Watch the Fine Print before you Refinance or Pay Off Car Loan Early

March 14, 2011

This is not well-known, but many vehicle loans are based on pre-computed interest, rather than simple interest (especially from dealerships). What this means is that you incur 100% of the interest charges for the duration of the loan up front. If you buy a $15,000 car, your loan will be for $15,000 plus taxes, fees, [...]

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Why You Should NEVER Pay Your Mortgage Off Early

March 11, 2011

Common Personal Finance advice tells you that should pay down your mortgage early and as soon as possible, as it provides a “guaranteed” return on investment. I found an article on 7 Million 7 Years which showed the price of security for paying down your mortgage. The article showed that the market’s worst performance over [...]

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Carnival of Personal Finance (3-7-11)

March 7, 2011

Small Biz Big Dreams officially received it’s first link-love shout out today! The Carnival of Personal Finance is hosted by Credit Wise Info this week, and despite expanding the list from the top 10 to a top 15, my post on Whole Life Insurance being a Terrible Investment didn’t make the cut. Despite this, the [...]

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Whole Life Insurance is a Rip-Off

March 4, 2011

There are several different types of life insurance but the basic decision is between Term and Whole life. In doing some research into whether term or whole life was the better option for me, I realized that Whole Life Insurance is not a good option for most people, but then I came across the following [...]

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