The New Score that Outweighs your Credit Score

FICO scores, or credit scores, are a measure of your ability to pay back debt, or give the banks your money in the form of interest. You build these by going into debt, and then making your debt payments regularly and on time. Late payments and bankruptcy will negatively affect your FICO score. Yes, having…

How to Improve Your Net Worth

In short,¬†Track It.¬† Someone much smarter than me once said, “What gets measured gets improved.” This idea is one of the foundations of MBO, or management by objectives. MBO is taught in MBA programs world wide, and applied everywhere from Google, to Microsoft, and is even entering the nonprofit world at the Bill & Melinda…

October 2013 Debt Update

This month I’ve made progress on my path lined out here. I’ve continued to make the minimum payments on my student loans and rental house mortgage while saving for my upcoming the wedding. Slow and steady following the course has brought me much closer to my goal. My student loans are broken up into several…

Initial Thoughts on Dave Ramsey…

I first came across Dave Ramsey while I was a senior in college at The University of Texas. I had recently taken an accounting class and finance class, and decided to listen to one of his books on CD to entertain me on the three hour drive back home for the weekend. My first impression…